Training Call #5 - How to Structure Your Personal Trust if You Have Active Income

26/10/2022 1h 22min
Training Call #5 - How to Structure Your Personal Trust if You Have Active Income

Listen "Training Call #5 - How to Structure Your Personal Trust if You Have Active Income "

Episode Synopsis

Send us a textSee the Video Recording here: https://us02web.zoom.us/rec/play/wa4H1FKV7zEBEoLFPpjPN5Ip3ztPTvMeqMgSgVoqqD28x_am5CpopJZ0zGIWIrEgJGyhGraMfS51DvB8.6pVqjLUi5l8X21vY?autoplay=true&startTime=1680019522000Access the Live Transcript here: https://otter.ai/u/Vr16cqzZDq4dljdPp4Sc5kVmzis?utm_source=copy_urlDocuments used for this training:Personal Trust Instructions: https://www.abundancegroup.com/instructionsLLC operating agreement:  https://docs.google.com/document/d/1cqD3ly4NJV3J2-yByChpKvPZYetoCRCS/editPersonal + LLC Implementation: https://docs.google.com/drawings/d/1GQGCY2gwkR1Y28mO-0f5Oby32nzoZ2KBWtTUK6gMSww/editPersonal + LLC Tax Consequences: https://docs.google.com/drawings/d/19443NWUDLWmAloXYUI_G3G6_gVuI59R6a28r5SJc6fg/editPersonal + LLC + Foundation: https://docs.google.com/drawings/d/13-1pX4L_m_H8Ad8KNbRJcUnxExFj3h7wdIFCE_DRz2A/editRegister for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023eventThere are a limited number of rooms blocked for the event with discounted rates available. Please book your room sooner than later to guarantee these rates!Looking to invest in life insurance and leverage your Trust? Email Ben at [email protected], or use the link below to receive your free quote!Get your free quote here: https://www.abundancegroup.com/insuranceOutline:-How to tie business income into a personal trust.0:00-The personal trust should never have W2 employees.3:12-The membership interest and partnership interest.9:37-The difference between a business and personal trust.16:16-Example 2: Partnership interest.20:36-Why do you want to get the assets into the trust?26:19-How a business trust can help with taxes.34:12-How to use a partnership form for a Wyoming LLC.42:40-Foreign filed entities and business trusts.48:52-How to convert a partnership into an LLC.55:28