0:11 OK, again, today's July 21st and today we're going to be talking about the 1099 D a, which by the way doesn't exist yet but I wanted to kind of use it as a punchline. It's interesting, I think, to just, I'm going to show you how to inform yourself as to how this stuff works. 0:27 And what I ...

OK, again, today's July 21st and today we're going to be talking about the 1099 D a, which by the way doesn't exist yet but I wanted to kind of use it as a punchline. It's interesting, I think, to just, I'm going to show you how to inform yourself as to how this stuff works.
And what I did, what I did, is, I decided, I would just go on the internet, just like everybody else does and search for this.
This form, this 1099 DA, OK, which apparently is going to replace the thousand 99, Miscellaneous the be The interest 10 99, all those that people may be receiving from cryptocurrency, coin exchanges.
So here's an article, right?
Coyne Leger, I guess: This is what I found by searching on the internet I couldn't find any other information.
I just found this, you guys might have finds found something else, But Here's what I'm looking for. OK, So I look down through this article, and it's talking about what this really is. 2998 K Now. Remember.
This is a website, this is not an official government website. It's a private business, from what I understand.
Um, recent reports suggest that cryptocurrency exchanges may soon be what reports?
I just want you to think about this OK?
And then in this blog, we're going to break down everything we know, so far, about the 1099 DA.
So let's go down here.
Is asking the rhetorical question: What is this form? OK, so an article on Bloomberg stated that the IRS will be unveiling.
Oh, hold on a second.
What gives Bloomberg the first right?
Talking to the IRS who's Bloomberg?
That's not how the IRS operates.
How do we know that?
Go look at your 10 40.
Go on the internet and pull the 10 40.
I'm going to show you this in a second and go look at the OMB number on it.
I believe it's 15, 45, dash 0074, something like that.
That's a, that's an approval number, from the Office of Management and Budget. The government has to have approved forms in order to collect information from people.
In order to get the form approved, it has to publish it's proposed changes, or rulemaking or regulatory framework or whatever.
It has to publish this and then an official government publication forum.
OK, Bloomberg is not that.
It's very interesting that Bloomberg would say an article in Bloomberg.
Coin Ledger is saying an article in Bloomberg.
State of the IRS will be unveiling a new version of the form 10 99 and I say it that way because I'm just being sarcastic because so just the way the way you're reporting information or transactions doesn't change a tax liability.
So what do you do? I don't care how you report it.
I probably They're probably trying to create it.
So a situation where the reporting becomes confusing to people and people get frustrated and they go higher CPAs Then the CPA creates a tax liability for you, I think that's the game.
So you spend more money because you're, you're, you're frustrated, you're confused, you don't have time to deal with it. And you just do whatever the CPA says, because it's easier and he's a CPA, which is a CPA and life goes on.
It just may cost you more some time.
So this form is specifically designed to handle the reporting for cryptocurrency and digital assets.
Who said we'll get to that in a minute.
So, why is the IRS creating this? Well, who knows, but I'll tell you what, they're going to tell us, right?
Coin ledger, and Bloomberg is going to tell us, somehow, they mysteriously got the information from some official source of the IRS because there is no other place to get it from Unless some entrepreneur just made it up right.
I doubt it.
So of course, they're talking about, there's criticism, I haven't seen it, I don't see any information that you guys might have seen something, I don't know, But this is how it's been reported, right. You have your gross proceeds minus your cost basis, capital gains. Everybody understands that. This is for disposition of assets, right, where you're gonna sell something like stock, or if you get a dividend, or if you sell anything property.
This is how it works. I don't care what, kind of 1099 you're gonna get. It's going to work like this. So apparently, what is being said here is this, digital asset, 10, 99.
I don't know what the date, what the deal is here.
I'm gonna share this distract. So now they're trying to give you some graphic here as if you're stupid. And you can understand this. So they give you these pictures.
Then of course, they asked you a question that they think you would ask.
So they're going to tell you just, here's how you do it, Here's how you tell on yourself. Here's how you create the liability. So, if you click this link, you end up here.
Not sure, well, look at it this way.
Here's how to report. You first have to calculate your gains.
Well, if you don't know what that means, You're going to end up here Recording something that may not be a game I'll explain what that means Let's just jump to this Here's how you calculate your gains and losses Well, if you sell your coins, your coins, your cryptocurrency for fiat right for dollars Which, by the way, this is not a legal term this is not how you classify Dollars.
It's not called Fiat in the Tax Code. It's USD or something whatever.
Again, this is not an actual website but if you sell property $4 You could have a tax side though You should probably end up reporting it right.
If you trade your cryptocurrency for another cryptocurrency Now here's where this is kind of a trick if you don't understand what's going on here.
The difference is if I sell something What does that mean?
That means once the transaction is completed that thing I sold I no longer care about I got something in exchange that I want more than the thing I sold, right?
That's the definition of selling something.
So if I sell cryptocurrency for fiat I? Don't care about the currency anymore the cryptocurrency, I just care about the fiat Oh, in that case, I'll have a tax liability or at least a reporting obligation, right?
Well, if I trade my cryptocurrency for another cryptocurrency mmm hmm?
How is that different than selling?
Cryptocurrency for fiat?
Well, the fiat it's taxable.
Let's call it US dollars That's taxable So that's a different creature but if I Exchange or trade cryptocurrency for another cryptocurrency.
But I retain the beneficial interest. I cared about my litecoin it's my litecoin I'm not gonna. Give it to anybody unless I get something for it right? So I wanted to take my litecoin and put it in the bitcoin.
Well, it's still my money.
I didn't sell it. I didn't spend it I didn't acquire something else for it, right? There was no disposition. So what the heck are we doing? Talking about it? Form 8949?
That has to do with the disposition of assets, right? I gain how is there a game if I trade litecoin for bitcoin what if I trade litecoin?
Let's say it's one thousand dollars worth of litecoin and at the moment I spend a thousand dollars where the litecoin and I get a thousand dollars with a bitcoin for it. Right? and then I wait a month or two and let's say I'm lucky and it's the right timing and it lets say doubles, right?
Keep things simple so My value of my coins has gone up It doubled.
But that doesn't mean I have a taxable gain. What if I take that Bitcoin and put it right back into litecoin now I have more litecoin that I had when I started. Right? Is that again? No it is not.
It's worth more in dollars. That it's not, again, it's just like owning stock and the value goes up but you didn't get a dividend for some reason.
OK, So be careful here trading cryptocurrency for another cryptocurrency. Well, let me add a clause here.
If it's the cryptocurrency that's owned by another party that has a different interest other than your own, That's their qualifying fact here.
That is it suspiciously excluded.
Alright? And of course, Buying goods and services with cryptocurrency. So this covers a lot of the borders. You guys asked me about bartering.
And so, if I'm gonna watch somebody's windows for dollars, OK. So we all know that's compensation, or whatever, and we're, and presumably, we're going to have tax on that. So what if I think I'm going to be clever and second to wash someone's windows for beer?
OK, what if I did that a lot? I have too much beer, right? But the fact is, I got something of value in exchange for providing a service, and if the Irish were to discover that transaction somehow, I don't know. That's kind of weird thing. Let's say they discovered it. They would classify that transaction. In terms of what the fair market value was for what I did.
Maybe they'll classified based upon the value of the beer, I don't know, but they would come up with a dollar amount that I received. Even though I didn't get dollars. I got beer. That would still be a taxable income.
Alright, extreme example, but it's where there are two parties with a different interest.
That's what that's where you're going to have a tax liability, not going from litecoin and bitcoin, where you or It's your same wallet, OK.
Let's see how slick they are with this whole thing on and on and on, and they're gonna be so nice.
Here's how you do it.
A description of the property you sold.
Remember you sold the date you originally required and the date you sold or disposed of, it's the same thing, OK, there's a, there's another interest involved here.
You can't sell something to your wife.
Think of it like that, you can sell something to your brother.
Probably even in the same household, you could sell something to your brother, that's considered sale.
It's a different interests, but husband wife, and, and minor children, all those. It's the same interest, OK?
You can't sell things between each other that way, but if I sell to somebody in a different household, then, yes, that would be a disposition, OK, that's another way to look at.
And, of course, like, I was telling you, just now, proceeds from the sale.
If I sell my services, or something that can be calculated with a fair market value, I'm fair game.
And so, sure, the IRS is going to calculate in dollars, then your cost basis, and all that stuff. OK, so just keep that in mind.
And, of course, they're so nice and giving you this form and everything OK, but still, now let me show you forget Bloomberg and all these whatever, this is propaganda.
Let's go look at, but let's go look at the Federal Register again. Remember, I have some videos on this.
Let's look at what the IRS does when it wants to adopt something new. You see something new, a new information collection form, a new way of reporting.
Remember, that doesn't create a tax liability. You create the tax liability by what you do.
But when the IRS wants to change the way it does something, it has to ask everybody if they're OK with that. And the way they do it is they publish the proposed rulemaking in the federal register. So let's just go look at an example here. Let's go look and see what the IRS does with 1099.
Miscellaneous, that 1099 Form for Miscellaneous transactions, right.
So it's telling you about what this document is for, The reason why it has an OMB number, as part of the Paperwork Reduction Act, which by the way, since that act came into being, and it is go along with the Privacy Act, they've wasted more people than ever, right.
As you probably imagine, but if you look here, this is important.
This 1099 has a similar OMB number, to the 10 40 into other 1099.
It's 15, 45, dash 015115, OK?
This is the OMB number for 1099 Miscellaneous. You can see this yourself, just Google it.
You'll find, OK.
And what's what it's doing here? Probably.
As it's saying, this is what we're using it for.
Isn't this interesting.
Rent, prizes, sale, selling fish.
Fishing boat proceeds, OK.
So what they're saying is, hey, there's no. There's nothing. No current changes to the paperwork burden previously approved by the OMB.
But you'll see if you read through this, they have some really strict guidelines on arm privacy, which is something this is a we can do another discussion on this.
But anyways, you see here, this whole section is all about getting approval to either adopt a new form, or new items.
Facts, data.
Or continue using the form, just the way it is without changes, I guess you have to keep renewing it so they keep publishing in the federal register. So, if you search on it, you're going to have like 50, or 60, or 100 different occurrences of this item.
Right, so just pick the first one, and you'll see the latest news about that particular forum.
So, that's your 1099 Miscellaneous. Let me look at something else here.
What did we look up here? This happens to be, I did a search on the 10 40.
So, go to the federal Register, see this register dot gov, search on a thing, a document of regulation, and look what you're gonna find, Again, same type of deal, here's your 0, 0, 7, 4, right for the 10 40.
All they're doing is extending the use of this particular form.
When they add lines in their request, you'll see if you go back and look at the history of this on the Federal Register, you'll see what they asked for approval and commentary public comment on, when they added lines, about collecting information regarding crypto, currency, transactions.
So it's interesting if you look at that in that sense, right? So, you see here, and then this is what they're talking to, All right, So anytime there's going to be a new policy change or something, you go to the federal register.
Now, look at something else here. We got the 1099 A, same idea.
It's got a slightly different OMB number.
It's used by persons who lend money, OK?
It's kind of technical there.
And then we guy 10, 99, B, and so forth, and so on, forever.
So what should we be looking for? Let's check this out.
How about Let's search on the research? Under 1099.
See DA.
Let's look for that.
So now you see this news, and you think, I'm going to go check it out, so I go there.
I'm going to search on Where's my search?
There we go, search. So I'm going to search on the 10 99 Dia. You can see my history. I've already done that.
So it says, why?
I searched on the 1099 DA that Bloomberg's talking about. In Bloomberg has all the information about why it's being adopted in.
But the Federal Register doesn't say anything.
So the article is total bullshit, right?
So that's why I told you This is a punchline.
It's a joke.
And so what So when the DA comes out, so everything's the same, you're just going to see a bunch of different numbers on there.
If there's a situation that there is an erroneous report, again, we can still ask the IRS determination letter on that, just like with the other 10, 9 events, no big change.
Then I just wanted to make a couple of comments here, see, Yes.
So yeah, you get these people trying to sell software, right?
So what they do is they explain that tonight at the 8949, then they try. They act like they're telling you about how to fill that. But they always allude to the idea that it's complicated. It's become more complicated. So you need our software because our software is going to make it easier for you, right?
So they go in all this, Schedule D, right?
I just think it's amazing how they do that. They do this with CPAs. Usually the attorneys are great for this.
They give you a little bit of information, and they scare you. And then they say, Call this person, you should always have an attorney, right?
Is how they sell their services.
So anyways, 848949 is for dispositions of assets, and dispositions happens when there's two different interests. one family is one interest.
one husband or wife is one interest.
one person has one interest, A person who has different wallets or different types of assets.
Same exact interests.
So, fact, I'm gonna, There's something I wanted to cover, and I was going to do it.
I thought I would do this first, but I want to cover this, and another call, I'm going to talk about, when interests change, and, and there, and so forth.
But anyways, for tax purposes, the 1099 DA, whatever, if you want to check once in awhile the Federal Register, and see what's going on with that, you're gonna eventually, you'll probably find something. Why would Bloomberg be writing an article like that?
This is probably how the IRS floats a balloon out there trying to figure out what people will do.
No, this is their unofficial way of doing it, Bloomberg.
Anyways, that's the idea.
Um, any questions? You guys want to trigger any?
Comments or something?
You guys see that? Yeah, do you see anything new? Anything different than what I just explained?
All right there Jacob's over here. Oh, he's got it, right.
What is N equations?
It's not that exciting. I know, but I just thought it was interesting, entertaining.
Yeah, Jacob, what do you got?
Hey, John, thanks for that, man. I mean, it's always helpful to, like, get another angle and show another angle of how ..., you know, this all is.
I totally appreciate this.
Just for entertainment purposes, if it doesn't cost you money, askar CPA.
Oh, that was really interesting. Oh, my gosh, yeah, we can talk about that. I've got some software for you.
Yeah, I actually, I have a question about actually, like trust and N B, OK. Yeah, sure. Yeah.
I had done someone put together a trust for me, and they set it up in such a way that they had me get an E, I like a foreign EIN, so it's an EIN from Canada.
OK, and so I just, you know, I was, let's say I was going back through Crypto GA's trust class, and, you know, he said, Basically, you can just get an EIN that basically says that the trust isn't going to file a tax return.
He said, That's an option.
Like, to get an EIN, if there's no such thing, either you follow or you don't, filing, it says you're filing, not filing says you're not filing.
Yeah, That's right, I guess it doesn't do anything. It doesn't do anything. So, basically, like, I don't really, I just felt a little concerned Because it just didn't make a lot of sense to me why I was getting. People that say they don't understand where the liability is, and so this is I like that. That's a good question. Because you just said, a person gets a trust, he's using it in the states, right?
Yeah, all right. And you gotta keep the bank account. Let's say that's, that's, that's what I'm gonna do, is, I'm going to set up a bank account for, you gotta Canadian tax number, right?
Yep, OK, so here's what's going to happen.
The bank, more than likely, open the account. Or if the bank cares that it's a Canadian number, it'll probably tell you to go get an EIN.
But let's say it doesn't.
Let's take into account up and here's what's going to happen.
Within two years you're gonna get a backup withholding notice and the bank is going to either freeze your entire account or freeze 30% of liquor or liquidate it and put it in a fun, and then turn it over to the IRS so that the only way you can get back is to tell the tax return.
So this is why I have clients Baila W nine certifying the Correctness of the EIN for the entity that we're using, whether it's a trust or an LLC you want the EIN and the states if your banking in the state so that you can avoid attacks.
Problem calamity be backup withholding. Yeah. You had me do that for my, for my LLC and I did it. So, now, now, the bank doesn't have to do that, so exactly. I should probably do it. I should probably do it for four. I just do a W nine form for the trust that I created. That you should get an EIN, Make sure it's issued by the IRS. And it's assigned to the trust and the exact correct name of the trust.
Get the approval and give it to the bank and also to just added measure. You can actually not do this, but I just have everybody do that: W nine, downloaded off the Internet.
Don't get it from anywhere else. It has to have an approved OMB number.
Not been altered form and then just be, on line one, put the exact name of the trust, skipped line two then put everything else in there, put the EIN, do not put your SSN on a W nine.
Yeah, And then site title. Like, in your case, maybe you're the trustee or something.
Yeah, exactly. So it really doesn't matter if it's an international EIN, or any number. Or whatever. But it doesn't matter what will make up the number.
I mean, people just have all these crazy ideas about ends, and they are, they, it's the same thing is thinking that you have to go to Puerto Rico to avoid a tax liability.
No, you don't. You just change the way you manage the cash or the property rights.
Yeah. Yeah. And so, you know, I always ask you this, when I'm on these calls, but hey, man, is crypto going back up?
No, I'm like, you are. I think it will. I, I'm in. I still hold some, I took a lot of profits. I re-allocate it, like I tell you guys to do.
I re allocated to something that's going to create a whole new. That's gonna make me more like a dog now. But still once, I'm, once I got it roll and it'll, it'll produce a lot of money. So you might want to consider that, you know, when you can take your profits.
I still, I mean, if I took, if I sold, now, I lose a lot of money for the portion. I kept and coins, but I took a big portion out. You, know.
So, I'm very happy with that.
Sure, sure, yes. And, you know, you know, as well as we all do that, it's all manipulated.
So, and so that's the, It's the evil money wants to get into it because, you know, that's how the game works. And, you know, they're going to cram this down on us. Oh, they're going to cram in.
The dollar is going to become a blockchain based crypto and we're going to be going around with him, I watched the guy the other day at Sam's Club.
I don't even know how to do this. And I don't want an oddity that he paid for his gas with a stone. I watched him. He's like, it gets a phone out. He does something. It was like a Star Trek thing. But he pulls the pump out and started puppet guests are like, Man, you know, and I'm over there. I put my, I put my membership card and then it's always backwards. They have to do it again. I must look like some more oil in the skies over here with this phone doing it.
So, I think at some point, we're going to be using QR Codes in our phone and that's not a good thing.
Not unless we control the technology. I mean, we got that. We have to know what we're doing.
So, yeah.
Yeah, OK, well, thank you so much. All right. Yeah, Good question.
Know where your liabilities are.
Liabilities are not in the manner in which transactions are reported unless you're reporting something under penalty of perjury, that creates the liability.
It doesn't matter what anybody else says, and tax numbers do not create a liability. Literally, it's you filing a tax return that creates a liability.
Even if there was a situation where you had to file a return, there, There could be a situation where that, I'm not going to go into that list, but there could be a situation where we have to report or something, OK, and let's say you don't do it. Well, technically, you don't create the liability.
Eventually, the IRS is going to say, Hey, You know, but, really, we're always the ones creating the liability. That's how this whole system works.
I mean, even worse with DMB that Way and you name it.
This person wanted me to file on the W eight Ben form, as well with the banks.
And I was like, I looked at it, and it basically said, you know, outside of the federal this, you know, their whole thing was like, look, you're not in the United States because the United States is 10 square miles around Washington, DC.
And and, you know, so your foreign to the district, and I was just like, Ah, yeah, I guess I'll just cloud W the wrong, wrong, wrong.
They're totally wrong.
If you have a bank account, you're in the U S period.
The account holder is in the US.
You cannot escape the U S by filling out a different form issued by the U S. That makes no sense at all.
And if you did the WA ban right with the WA Ben, like that one says, Nope, ... district. You just, you're not sure, OK. Title 12, the Code of Federal Regulations. This is where you'll find it.
Don't try to look, guys, because you'll spend the rest of your life doing this. It will fill up the whole wall here at my office.
Title 12 CFR.
Basically, there's so many regulations when you have a bank account, you're an agency of the United States, OK.
It doesn't matter what form it, and the funny thing is, you're not required to have a tax number, nor is your company.
There is no legal duty to go get a tax number. What it comes down to is the private association that the banks are.
And that they are with you.
As a account holder, says, if you want to do business with us, you will have to go get a tax. no, That's that's not even a law. That's a matter of a membership, right?
The whole system is run on policy.
So if you don't get that number that can be verified with the W nine and or penalty of perjury correctly, then eventually you're facing a backup withholding situation. I'll explain a backup withholding as if there's something like an erroneous EIN. For example, are there is.
Interest and dividends, obligation that you have from some related transaction. And it's, it's out there.
A third party can be compelled to withhold 30% of whatever proceeds you would have the right to then deliver it to the IRS. What that does is it forces you to have to file a tax return, to settle the funds.
So that's the only way the IRS can create an obligation in opposition to what I've been saying for years. The only way they can beat us is if they just start doing backup withholding for everybody.
And they can't do it that way. Don't get scared.
They can't do it that way because it's not procedurally proper.
I've looked at this so long, because I've been thinking, Is there a way for them to do this?
And yeah, there is, if you don't give them a correct EIN, if you try to Jimmy the system like that, you're going to create your own problems.
So Just make it, yeah, That makes a lot of sense. Yeah, the whole membership thing, It's kinda like you can't come to the party if you don't get back. We were just on the, we're on the ferry and guess what? They stop taking cash We asked them. Why. Oh, oh. Yeah, Exactly. Right on and on and on.
Mean, you can't even get it If I try to spend a $50 bill at most retail retail places.
Yeah, you guys have probably seen this They just, I don't care if the thing. I'm buying is $50.
They won't take it.
They don't they don't want a $50 bill to till. They want to frustrate people and just using credit cards Which I'm going to be the last person on earth.
That's still using cash and even after they say cashes illegal. I'm still going to be until they stop. Yeah. I mean, that's what's going to happen at some point.
Well, I'm sorry. I couldn't say anything more exciting. I mean, but if this, this had heads off this, here's what I'd like to see.
Have some fun with this. You hear people in these forums, like, you know, in Telegram or whatever and all these discussion forums, Discord and stuff.
Tell him, guys, go look in the Federal Register, Lookout 1099 dash dash. You tell me if it's there. Go lookup tonight and go up to 10, 40.
You'll see that's there. There's hundreds of references to that.
Go look up if there is no 1099 Bloomberg get the article. Nobody is supposed to get this stuff.
How's Bloomberg talking about this?
Just have some fun with it.
You know, you'll be the genius in the room. They'll be like that guy, Smart. The Federal Register, I never heard that. That's where you find stuff out. You know, this was going on.
Alright. Anything else interesting? going on.
Related cryptocurrency. Yeah?
Well, yes, this is Julia.
I mean, yeah, because they find them.
You have a question for you. I have asked it before, but I guess.
I'll ask again.
So, so, I wanted to join an investment down, right?
And for the next step and application, I need to require two to confirm that I am an accredited Investor.
Sure. Right. Yes, So, there are two options to do that.
Isn't that an individual and, as an or as an entity? Right?
So, for a foreign entity, it said that I have to have five million. So, not, not me, but the entity has to have five million in assets, I remember. And, I don't have that, obviously.
And, and, I haven't used my entity like much.
How can I still join me that we're there with them?
With my agent? There's always a there is a way to do this, but let's just say, I have to ask the question, why is it different for an entity?
Why is it five million? And then for an individual, it's a quarter million, am I right and a quarter million to be accredited?
So, yeah, just in the two years, 200,000 or one million in assets, right? So they want, what they want to do is, is they want to penalize you either way.
They want to, they want to take the individual and force them into a tax liability, because you're not going to convert to an LLC unless your network goes up.
So, that's what they're doing there.
It's just, I think they're just exploiting people, and, you know, for me, my preference is to avoid those situations. I don't want to do with companies that did a Reg D financing, private placement, or something, some sort of placement, the SEC approval, or whatever.
However, if it's five million, ask if there is a secondary market that you'd get into.
There may be some other fund that it takes on people that are accredited, but they don't need to come up with five million net worth.
They just need to be accredited, Right?
So they have 5 or 15 million, but you'll need 200,000 or a quarter million.
Try to find an aftermarket or secondary market.
Ask them to say, Do you have a secondary market?
And that's the reason noise here is actually, let me, let me clarify, that crypto crypto investment Dow registered into my yeoman.
And they said they're going to be investing in early stage crypto projects, so to speak. OK.
That's just what you said earlier it does it, is it relates to this entity?
This dao.
Is it too late for what?
Now I'm saying everything you said before.
It applies to these Tao can be applied this tau.
What do you mean? Everything I said?
Where just now.
I don't know. You're talking, You're asking me about buying private equity?
Investing in private equity, I think No, no, no, no. So the reason, the reason, investment, investment, Dow, right?
It's, like, a decentralized, autonomous organization, right?
And in order to join, there is up, there is an application form and one of the requirements it's, it's available, it's available for only accredited investors or entities that has at least five million inhabitants.
And I want to, I want to join that, I want to join and then they want to, it's like like.
You just basically tell them that you have credit that you don't have to like, actually send them any, any, any any forms that you have to prove it. You don't Yeah, OK, well, that's up to you then.
I mean, I think it's unfair, but that's not my call. They have certain rules. If they're not going to check, then, it's up to you.
So there is like consequences.
I don't know, I'd have to see the contract.
I mean, I don't know that you'd have any criminal penalties for lying.
I don't see any any disadvantage to yourself, I don't see that if you're willing.
If you have a quarter million dollars or so that you can invest and lose all, and still live just fine, then what difference does it make?
If they say you need $5 million as a, as an entity, you're only gonna put in 200,000 anyways.
So, so, I don't know, I mean, well, they don't have any money.
Just basically the fee to join.
There's a fee.
Yeah. So, all they care about is a fee and they don't care if you invest in capital.
No, I mean like I will have an opportunity to invest, obviously.
But there is a fee to get in ... database scams.
Are we talking about fee to join the doubt? It's like upfront like operation costs?
You're a corporation, Know, it was a thousand dollars, no, basically they give you tokens for and you hold the token to be in the doll if I sell the token just you are basically.
Just like, know, there are so many different crypto dollars now these days, so you buy the token and you can OK, this is a good question.
So, I hope I answered my and my answer is if you can, if you can lie and still get it, that's on you.
OK just I just don't want to see people exploited If, if they audit you and check to see if your network, they verify your net worth at some point, you know, they might just give your money back and say you're out of here that's not a crime or anything.
I mean, they'll just kick. Yeah, or something.
But, you know, if you can't get into the five million and you like the entity, which I would I would prefer to go in with an entity. I would look for a secondary market way to buy in, so, someone else has a five million or more, and I buy into that.
Companies, interests.
Ah, Um, yeah, so.
I just um, what I would suggest to you is if you haven't done this already, anytime you're faced with an investment that requires No, You're being told that you have to be an accredited investor. That means that it's an SEC regulated investment. That's what that means.
And they probably did like, you know, what Section 504, Reg D financing, you know, private placements, something like that.
Somewhere, they have, like one or $5 million, they can raise, and they just, they don't have to qualify with the SEC. They don't have to sell it, they don't have to do an IPO, they could just notice the SEC, and then the SEC has the rules. So if you're in that situation, you really, really liked the deal, at least investigate it and ask for a copy of the private placement memorandum.
Find out what it is they're doing, and then they probably gave it to you already. That, it's probably on the website, they probably have to, they probably have to publish it.
So if you're gonna get into a deal like that, I would look at all the, you know, all the filings they've made with the SEC, all the disclosures.
I would look at their balance sheet, OK, that's what I'd recommend this, for anybody listening to this, whenever you see a deal like that. Now, for me personally, I'm not the type of investor, I don't care about SEC.
I don't wanna get involved, I don't want to prove my net worth, I just wanna make a joint venture with somebody, I want to do something fun. I wanna, you know, I don't want people tell me what to do.
So, that's just how I prefer to do things.
A good question, Where do I upload this video to upload on YouTube, for, for access to it? That's it for this.
Video, I will send it to to you, I will send it to my list.
Uh, I'll probably put the link up, are your personal channel. Yeah, I'll probably posted on telegram. Yeah.
Yeah. Probably. Yeah. Yeah, I ask a question, please.
Do you know that D S T is Deferred Sales trust?
Now I do. She also said Stands for Delaware Statutory Trust, OK, Interesting.
So, but anyway, I had this morano the attorney do a DST for at my house, except, he forgot to put her in the Trust first.
So, I guess there's 10 99, and, I didn't get any money. It went directly to the trust.
And, I'm saying, what the **** do?
And, bottom line is, the money isn't the trust. I don't have the trust.
And, I'm getting taxed.
Um, even though I didn't get the money, so, the way I reason through the strategy is, I think I should get the title company 2. 6, get the attorney to fix it.
Noah is too stupid to do it, but it still, I would, I know, but I would, I would tell them to fix it, and then I wouldn't rely on it.
I would figure something else out, but I would at least come up and say you're gonna fix this Fix it. I probably will do that.
So, my question is: Do you do that type of representation, Um, In that case, For in my ear, what asked to do so you're not Representing me. Now. I understand.
I do it that way, but I'm just saying it, it sounds like Oh, he said, it was real estate.
Yes, My always my house, OK, and he didn't need the property to the trust before I show that.
Yeah, *******, yeah, really, OK, so it was reported correctly, I hate to say.
But the funds went to the trust, right?
Yeah, I never, yeah. He created a tax liability for this. Would they do, they attorneys create liabilities?
Make no mistake, know who you're dealing with fire, you gotta realize what you're dealing with. So the attorney clearly did it deliberately or ignorantly, he created a liability for you.
Um, I don't know that you can get that fixed or change because it's correctly reported, it's correctly reported. and, yeah, the money was held in trust and money is held in trust.
Right, and I didn't get it.
I mean, well, part of the requirement that you actually touch the money.
Well, no, I mean, you got the money and the money went well. The money went to the who's the trustee?
Oh, wow. And so now you're, you're holding the bag, so to speak, you're going to pay the tax on it, has the money.
And if, um, if he died, he would go to his heirs. not mine.
Is that other trusted written up? Yeah.
Well, you need to have a conversation with them and fix it.
Tell me, Tell him that what needs to fix that? I mean, what's he thinking?
Is tomorrow?
Yeah, that is not the way it's supposed to work. Obviously, what the heck, I mean, when if look, guys, if you have an attorney to do a trust, there's really not anything wrong with that. Sometimes. It's useful to have an attorney drop a trust.
Times, I recommend freaking proper, I now, well, you got it, you got to babysit them to you really gotta check their work. Why would you have an attorney's?
Because, well, maybe he's got special access, or maybe he has a special document that you don't want to re-invent. He's got a strategy, OK, cool.
But other than this guy worked for person, I knew who actually invented the DST 25 years ago.
So that's something I can get it really cheap by doing it with him, yet. we pay for any use trained by the guy who invented it.
And that was a bad bet, All right.
Like these guys don't produce anything, realize that attorneys don't produce anything. Farmers produce stuff, OK? Chemical engineers produce stuff.
Produce paper, the paper, but check this out.
So D S T, OK, It's a trust, I don't care what you call it, it's a trust. There's either an irrevocable trust, or it's for vocable.
And you have special terms and whatever. They call it that, so that they can market it. And I'll tell you firsthand, I've done that.
If I want to reach a certain niche market, I will.
I will create a strategy for somebody, it'll work. And then I'll give it a name and it's marketed.
OK, that's how he did. It's not a special instrument: a DST, Whoop de do. You can go probably. If I read that trust, I'm probably is irrevocable or Iraq. but what kind of trust? Is it?
It doesn't say it's a vocal. Well, it would say in the language if it can be if the property can be conveyed out of the trust once the trust acquires it.
I think you can.
Yeah, even if it's if it's did to me, then I just destroyed the tech strategy, because, yeah, I don't understand how, I mean, how he'd been legally got the money as a trustee when you're the owner of the property.
Unless they called it an intermediary, and he talked to the title company, he said, descended to this trust this bank, again.
And they did it, because they're idiots too.
You need to tell him that he's on the hook for the taxes you're going to incur, then incur the taxes and make them pay.
And if he doesn't sell them for it, and fire him as the trustee or you're the beneficiary.
No, I'm not sure relationship to the trust, nothing.
So, you just gave him your house. Yes, and you took on all the liability, why should do that? I trusted him. And I would ever trust the attorney.
Don't trust them, use them.
I use it for attorney client privilege. I don't trust them at all.
I use them for attorney client privilege. She can't get it anywhere else.
You can't get privacy.
And you end up with attorney client privilege if you want to do it.
And they're great for answering an e-mail, but it really sharp lawyer that can handle this type of situation.
As you want to go and get another attorney to borrow on the same club, I mean, you think? I was thinking about you, because you're not an attorney.
I could do it.
I could. I just don't. I don't know if I want to do it.
I mean, well, I mean, it's relatively easy, because he's stupid, I know.
But what I'm saying is what happens I'm not that I'm intimidated by this, but what happens is becomes a headache, because then once I catch him, you know, doing something he's not supposed to do, and I use the right language. And he's like, oh ****, this guy understands.
Next thing I know, the State Bar, saying, hey, what do you do in giving legally?
Don't you have a PMA, that is a price? It doesn't matter.
It doesn't matter all.
Now there's some things a PMA doesn't do, I mean, does that?
Yeah, I mean, I'm not gonna get into that. But basically, if you're on the radar for the bar, they are just, they're never going to leave you alone.
But you need to make a claim on them and say look, this is not how I intended for this to happen. I want to value the property to be held in trust, in which I have control over it as trustee not you.
And now I have a tax liability here that I wanted to defer through the trust and isn't it, right.
So you can't even reverse that.
So basically it's it's going to come into a, you know, I don't know what you'd call it, not even ineffective counsel.
I don't know.
Which is interesting, because they don't call it malpractice. They call it in a fist of the Assistance of counsel?
No, I didn't even know what I would call that.
I would, I would have to say, that, a person who's been to law school and who's an active member of the bar yeah, they are morons.
But look, that person deliberately stole your money.
That's how you have to look at it.
He knew he knew he knew better, right.
I don't care if I mean you, and I would agree, it is immoral, and but.
But I would just accuse him of deliberately absconding with your money.
Then when I told them, there was a problem, because I saw the 10, 99, you said, oh, you don't have to worry about that.
I see the underreporting of the text that I'm telling you. I hate to say it, but here are the tax on it.
Well, my plan should be that get independent taxa.
I agree.
I mean, I'm gonna call you after this, alright?
How do I get your number well, the best way to get me through, Telegram? So just look at JJ Singleton hit me on Telegram.
I'll give my number OK. Yeah. But uh, or we can talk on telegram. But but the liability, in this case, should be imputed back on the attorney.
Now, on the surface, it just looks like you're a really nice guy and gave him all your stuff.
I mean, he could just say, Oh, yeah, I did all that because he told me too.
I mean, it wouldn't appear on his face to be deceitful.
So I don't know what the intent was.
I don't know what agreement's you guys have, so I didn't even have me sign an engagement letter.
He's an active member of the bar. Yep.
OK, I don't know what to tell you on that one. That's, I've never heard of that case before, but heck, yeah, I would confront them on and say, fix it, see what he does!
Yeah, OK, well, I will find you on telegram my name, because Bruce ...: thank you very much. I have a couple of courses, John, Jay, and replacing Go right ahead.
You did LLC for me when I was in Florida.
And I had since moved back home to family, and I want to move the operation over here. Austin, would I need to make up?
I know I need to make up an LLC, and it wasn't the ones that, I'm not sure if it's different, that you're doing them now, or if the word is in the verbiage, was the same as what you were doing about a year ago.
You could use your Florida LLC to operate in Texas. What's what's restricting you from doing that?
I thought I needed a Texas LLC.
Now, here, that's what I will tell you.
But, you know, I don't need that.
You don't, as long as you can process payments and run your business that way, you can run your business in Texas with an F Florida, LLC. It's just that some attorneys tell you that you can't, which is not true.
They don't have that same address either.
Well, I'll just change the address, you can have the principle address in your Florida company in Texas. Wherever you want.
You can amend the articles, but no one's gonna look up your articles to send you mail. So, you just tell people where to send mail from now on.
Update your website. Yeah, just keep it all the same.
I mean, what, I don't know, really any reason why you'd want to domesticate it, where you just because you live there?
I mean, today, it's not like your personal professional services And I thought I had to do something because of that.
I don't care about, it's processing payments, OK.
There's only, there's only a few times where you do it. Like, if you're a licensed commercial real estate builder or something like that, then maybe you'd have to have a domestic company but not enough for what you're doing.
Right? Your LLC didn't change at all, as far as worded. That should match up, OK, With the, piano is fine! Yeah, even if, like, 10 years ago, I did something for you, I've always done. Like, since the nineties, I've always written in a certain way. And yeah, I have different methods of doing it, but you're not, you're not missing anything, if I did it a few years ago for you, it's going to be fine, there's nothing new.
All right.
And I also have a friend that they do it.
He has a CBD company and he also wants to open up like a coffee or smoke shop, where he sells it two members.
But he didn't know if he could deliberate, as well, too, and how would that work count as far as if he grew at one spot, and he sold it in the, in the smoke shop, or the lounge in another spot?
Geographic location. Yeah.
I don't know that that's a problem either. I mean, I don't know what the rules are for that product.
But you can process payments any way you want.
I was talking about he was talking about, how does the transporter, if you had to deliver it or from the girls site to the cough? Or I keep saying coffee shop to be processed?
Well, he goes at one site, but he wants to open up like a smoke lounge at another site. What are the licensing requirements?
I don't know what the with the PMA do you get around any of that stuff?
Probably a PMA, OK, is a way to document a PMA.
So this sounds funny, but a PMA would exist before your document.
So, make sure that you're operating as a private club, then document it that way.
So, if he's already having private customers, right, they're not, like, for example, you're partnered up, Yeah, you didn't. You just wondering if it could be done right now, and if you can't do it.
If a client is a member of is, no customer base or membership has to be marketed that way, and it has to be exclusive, meaning, you have to exclude a certain type of people, and most of the applicants would be excluded. And that's easy to do. Like, for example, we exclude all children from buying this product. That's pretty easy, Right. Or enforcement, or any? Well, OK, don't. Don't go out on the street corner trying to sell it.
No, No, I know, there's obviously, so you want to sell it in a way that discreet.
It's private.
It's just like absent.
Alcohol is illegal in the States, but you can buy it, but it has to be like after hours something, or no Bottle club, or something like that, right, OK, so yeah, it's like, think of it like this.
The business model for speakeasy would be needing to have, once you have that setup, which is easy to do, then you're good to go. You can document it as a PM if you want, but they won't be able to touch. No matter if it's not loud in the county, the state or anything.
As long as he's not violating his license terms if he has a license involved in that product, voices involved in the product.
I'd have to know more about how he's like, how he's started out operating, like how is he selling it now.
It's a CBD company that they make it out there in Colorado.
All the products, I have a couple clients that done that. I set them up in a different way that I do for most clients because I separated their cash flow from their core business.
So they can not mixed together the regulatory compliance with the cash flow.
So that way, if the feds try to ***** up the business, they will ***** it up The cash flow, they won't see it. They're only going to see the retail organization right now. He was talking about just opening up a separate operation. 100% were just the lounge where they grow it and sell it and the different products that he has.
The CBD company of course, can help supply the different products, she says, But as far as the, the lounge and everything itself, that would be a separate, OK, I want to know who has what licensing, and then I can answer that question more completely, OK, Because licensing creates a compelling interest.
What type of licensing? That's what I don't understand, I guess. I don't know, I mean there's, there's like a business operating license. Like when you, when you have a retail location and you have a Lease agreement, they're gonna say we want to see your business license.
No, so you might get a general business license.
Any license you might have one specific to CBD products.
OK, so, yeah, I'd love to know more detail.
Well, you could probably set all that stuff up.
Yeah, I'm working with some physicians. Now. We actually set up private membership clubs for them, and they do intake on the Internet. And so, I've written up some of the intake a little bit, and we're tweaking it as we go.
So that way, you know, it would pass a test, right? If someone were to investigate it, they would say, well, OK, this is the private club.
So it has to look like it's your backyard barbecue, Speakeasy Speakeasy, right?
So going back, this wouldn't be just the medical marijuana products would be for recreational. I understand. Right? Understand, that's pretty cool idea, too, by the way, I like that business plan, and there's, there's a big market for my opinion. And, sure, they have this, There's one that's really interesting.
It's in Japan, and they have different back rooms. There's, like, It's two levels.
So if you come in to get a drink at this bar to bar, you can go there and buy a drink.
But after, after, like, seven years of being a regular customer, they'll let you into the next back room.
Which is where they'll have card games. And then after, like, literally, after, like 20 years of being a customer, which is kinda crazy, so only the old guys are there.
You get to go in the back room and you can't buy a drink yourself.
The only way to get a drink is if someone were to buy you a drink.
It's really interesting.
So, you know, there's all these quirky things that you can do, but it's a private club, and it's like, it's a speakeasy.
All right, thank you. I'll be in touch here. Go ahead and look at cancel online now, Please, please, and use your use, your discount code, you know, your coupon code, all that stuff. I don't know where that is or what that is.
OK, Just send me a message in fact, I'll e-mail you. I got your e-mail address. OK, I appreciate you know. Yeah. Yeah.
Yeah, and for everyone who is Bruce, could you send me that code as well?
I probably do. Yeah. Well, let me check.
It's Bruce at S T R E T, plan P L A N ...
dot com OK. And if you guys have ever sent me an e-mail to singleton press that proton mail, that means I have here. It's larger e-mail. So I can always cue it up that way.
So, so as a follow up question.
Do you know what a health share organization is?
So it's like when they used to have farmers join together, So for foreign burn down the row, fix.
Sure, OK, that now, as a competitor to health insurance, OK, and they're about like 100 of them, and the cost to the members is probably about 30% of the cost of health insurance.
Oh, interesting, OK. And they they're around for 20 years, I mean, it's OK. Yeah, is it an investment fund?
Now it's an investment fund. It's it's called Health Share.
OK, I may have heard this before.
And so the question is, can you create a PMA to sell that service so you don't have to worry about the insurance regulations, OK, you can do that.
It has to be, well, yeah.
You can get licensing for insurance, but you gotta be careful about how you're selling it. You can't use the word insurance, It has to be like, you're probably gonna help sharing organization. Exactly right, and so, that, that's the way to market it. Yeah, you have to be careful about qualifying your members.
Just like we were discussing, um, it's captive insurance but you can't say that truly because they're not, they're not re-investing the the money, which they should be. They should be offsetting the risks. They should not be sitting on cash.
Well, the fact is that it's not a guy, I do captives, but it is absolutely not a captive. It's a health sharing organization.
They collect the, the share amount.
I feel everybody, every month, but it's not insurance. Right? What do they do with their money? They refine their organization. They pay claims for people who put in.
Sorry about that.
Didn't mean to cut you off there. Can you unmute?
Sometimes I'm clumsy on the keyboard.
Bruce, are you there?
Just unmute.
Sorry about that. I'm good.
So the fact of the matter is they don't have a sinking fund for future claims.
They bill everybody every month set amounts.
So I just wanted to find a tool that allowed me to sell it and not have to deal with the insurance regulations.
And, to market it, that's, you're, you're really close to being getting the attention of the state. Put it that way.
Problem explaining it in detail, that it's not insurance, as soon as you know it, as soon as you get into that conversation, they will never, it's not about having a rational discussion with you, They will convert you into what they want to regulate. And they will penalize you for not being in their regulated environment.
It doesn't, it doesn't matter. Like, for example, if the State Bar one wanted to attack me.
The fact that I even had a conversation with them, I'm done.
Wow. Yeah. That's how it is. So don't don't be like that. don't think that you can just have a conversation with them, because these are psychopaths.
So you just cannot be, in their view, whatsoever, to be very careful about marketing it. That's all I can tell you.
I mean, there's no real secret recipe there, OK, so let's just jump to the second. We have a gold strategy that actually produces six to 7% yield on goals, which is normally a debt asset.
And I used to be a registered investment advisor and I'm thinking that we might feel for a PMA, and I call it an investment club.
Yeah, you can.
You can have a private club in which everyone has an interest in it and it is a PMA by definition. You don't have to call it that. And you always want, if you were a licensed professional or registered professional before, you're doing a similar thing, or the same thing, that you're not doing it under that registration or licensing, right? You want to disclaim all liability in your agreement with the member and say, Look, I know I'm a physician, but, all that health advice I'm giving you, it's not as a physician under my license, it's just because I know how to, you know this thing, right?
So, the first thing is, the broker dealer that we're using to clear the trades, actually has a friend, friends and family program, OK, I would talk to the broker dealer more about that, because if you're, if you're using a broker dealer, you're still, you're bringing in the state, broker dealers are licensed there.
You get state interest with a broker dealer, there's regulations for that.
Be careful about, that's like, it's like having public waterworks pump water into your house that that gives you, that you're giving the state an easement into your property.
So essentially, deal with the broker dealer, you're on the radar, hmm, hmm.
So just ask them about that. Just say how can we do this this way?
And you know like you're asking me, because I don't know I have to explain to that company the broker dealer that we're a PMA, well they don't know what that means. But what you can do is describe what it means. You say We want to operate in like a private club, like a speakeasy. Then people start understanding, It's a speakeasy, or if they don't understand what if they're too young to know what a speakeasy is. Because I want this to be a private club much like a birthday party.
See at a birthday party is a private event, right, not just anybody can show up. I mean, you could but they're gonna say leave, right?
No, you can't have any birthday cake! We don't know you.
So explain it in those terms. Don't just say PMA because if people like their brain freezes, right? You can have a conversation.
Right? Yeah, Yeah, You have to say it's like, I mean, I would think that they would have an affinity to this because they actually have a fan, friends and family program that OK, well, maybe all of that, but a lot of these guys don't know what that means, and so it's probably regulated to where it's not really friends and family, It's still another regulated organization. They don't even understand what that is.
You're going to introduce something new to them You're gonna say yeah, it's not regulated.
It's not regulated because it's a birthday party, It's a private club. I'm not, I'm not advertising to just anybody.
What do you know of a existing investment club, that's the PNA.
There are many that I don't, but I don't know. I can give you a list. If I wanted to find one for something, I could just find it. I talked to people, I would search on the internet.
I would find what things are like for example, if I see something where there are people investing in it.
And I don't want to go through like someone was just discussing with us earlier about the know the. yeah, I would go look for an organization that I can get into privately so I don't have to prove that I'm an accredited investor. Right, right. So I don't have a list I'm going to be You have to tell me like you have to give me an example of what you're looking for it.
Well is there a directory of PMA associations?
Oh, yeah, I can find lists of them. So, I can go to that list and look for an investment argument. You can do that. You could do that. How do I find that?
Well, one way, one way to go would be the business broker, A business broker. He wouldn't.
He would have a list of private organizations, but chances are, they're probably going to be incorporated in some way.
So, I don't know.
I mean, you'd have to be more specific because if it's if it's me, I would. If you give me more specific information, I can find something.
But, if you're just saying, Generally, I can give examples. The Florida Bar is a private membership organization.
Huh, the the court in your town, the state court system, that's a private club.
It's not a court, and it's a church.
Do you have a Searches are private membership associations, OK?
Churches are great.
Yeah, so things like that trade, the goal Well, I don't know about that, but people that trade gold. I mean, you might find investment clubs. I mean, you have to talk, you have to talk to people.
Like if you're if you're gonna get into gold, for example, what I would do is call up uh A broker That works independently like I used to have a guy that I would call up and it was just one guy and he just knew who was in the market and I would say how do I place you know $10000 in gold? And he would say I'll call you back and then it would give me some pricing and I would send them the money that you would go deliver to me, and it was just one guy. So I would look for a guy like that. Maybe you go through pawnbroker a **** shop. You go through some of these big companies Like product metals and maybe you can find that one guy that's in there that can do that.
So that would be another way of doing it.
I'm sure there's lots of those people.
It seems like though that anytime you want to find something today. I hate to say you're gonna search on the Internet for it for the keyword. I hate to say that, But that's probably your best way to go But if you know a lot of people or you can go on Discord and search there or telegram You may find Special Interest groups business brokers maybe another way to go.
Well, when I started to do I started to talk to public square, OK, OK, which is our way of linking together with like minded businesses, and they have them all listed in different ways, OK, so I'll go back to them, and look at brokers that do gold trades, and at least start noodling around that way. I don't want to take up so much time, but I appreciate your, Sure.
OK, guys, anything else?
All right.
OK, well, thanks for the questions in participating.
I'm going to cut it off now and I'm going to upload this so that only you guys can see it for now.
I may put it in the membership area. So you've got privacy, fight dot IO with videos, content.
Now, I have some new videos and I try to make them worthwhile. I don't just want to put up videos because that's what I do. I only want to produce videos. If it's going to be something worth watching, I hope it is anyway.
So as we get into the fall, you're going to see a lot more content.
I may have about a few more videos to add that I haven't added lately.
So that'll be coming up pretty soon. You can also see things that async coins dot com.
I'll put up, I gotta change the copy on the site there. So we're gonna do some new things and I've got a new project I'm gonna share with you guys regarding land and what I'm gonna do with it.
And maybe you might want to, Maybe you're in that situation. And so I just want to share some ideas with some of you, so on.
And I always look forward to that, and you guys, enjoy your weekend.
Thank you.
Jay, you have my e-mail address. Send me your contact information that way. I'm gonna do that right now, OK. Thank you very much.
All right, Thank you.


1. The speaker discusses IRS Form 1099-DA, which does not exist yet but is mentioned as a punchline.
2. The form is expected to replace the current 1099 forms related to cryptocurrency transactions.
3. The speaker refers to an article on Coin Ledger and an official government publication mentioning the new form.
4. The speaker highlights that reporting information or transactions does not change tax liability; it’s about creating the liability.
5. The process of calculating gains and losses from cryptocurrency transactions is explained.
6. The speaker mentions limitations on selling between family members and the consideration of different interests.
7. There is a discussion about the paperwork burden and privacy guidelines related to the new form.
8. The Federal Register does not provide any information about the form, suggesting the article is unreliable.
9. The speaker emphasizes that when the form is released, it will mostly have different numbers on it.
10. The conversation also touches on topics such as becoming an accredited investor, liability in legal matters, and the creation of private membership associations.

Leave a Reply