Video Summaries for Privacy Fight Ultimate - U1 to U24
U1 – Equity Stripping Part 1 & Part 2 – Watch Now
The video series “U1 – Equity Stripping – Part 1 & 2 – Privacy Fight” presented by John Jay Singleton provides a detailed explanation on how to create a lien on property equity, thereby protecting it from any potential lawsuits. Singleton explains the process of placing a lien, using an example of a residential home with equity worth $50,000. He points out the importance of placing a lien before a potential lawsuit to prevent encumberment of that equity.
Singleton emphasizes that the lien must be controlled by the title holder’s company, and recommends the use of a trust or an LLC. He walks through the steps to fill out a lien instrument, which is available from government sources and can be modified. The example he uses is for a property in Monroe County, Georgia.
He also demonstrates how to find property details online, such as the legal description of the property, to help complete the lien instrument. Singleton then explains the process of filling out the lien form, including naming the borrower and lender, and identifying the location of the property.
Singleton further guides viewers on how to amortize a loan with a real interest rate. He advises on doing this by the fifth day of each month, starting from the day the lien is placed. He demonstrates how to use an amortization desk to do this and highlights the importance of realistic numbers to avoid legal scrutiny.
He also touches upon some legal aspects, such as potential loss of property tax exemptions or homestead exemptions in some states, if the title of the property is transferred using a quitclaim deed. He also warns that property liens and equity liens may not protect against tax claims from the IRS or the state, as these have a superior lien position.
Singleton also demonstrates how to fill out a quitclaim deed form, emphasizing the need to make the deed legally robust to withstand scrutiny. He gives a step-by-step guide on how to fill out the deed form and get it notarized before recording it.
Finally, Singleton underscores the need to send proper notice to the bank about the lien to avoid them calling on the note. He suggests communicating in writing and making sure the notice is sent to the correct place. He finishes by saying that this process may appear complicated to those unfamiliar with it, but with careful following of the steps, it can be done successfully.
U2 – More Cash Flow Part 1 – Watch Now
John Jay Singleton’s talk, “U2 – More Cash Flow – Part 1 – Privacy Fight”, provides strategies on generating more cash flow and acquiring a business. He discusses the importance of self-sufficiency, sharing principles he has developed over three decades to create additional income. Singleton stresses the feasibility of generating a decent monthly income, emphasizing the potential in bootstrapping, i.e., starting a project with little or no money.
He introduces xchange marketplace dot com, a business broker that sells Shopify websites, as a viable starting point for those wanting to create additional income. Singleton suggests this platform as a useful example due to its comprehensive listings and accessibility to most people. He encourages his listeners to not let technical skills or lack of initial capital deter them from starting an online venture.
Singleton also discusses the possibility of finding profitable niches within popular markets, such as pet products or exercise equipment. He suggests buying existing businesses from platforms like closers dot com to scale up and reach new markets.
He emphasizes the importance of doing something one loves and is proficient at for generating income. Singleton also highlights the potential in areas such as real estate investment and selling online products via platforms like eBay and Amazon. He introduces several online tools and resources that can help in creating products or starting a business.
He closes the talk by recommending lulu dot com for individuals interested in self-publishing their works. This platform helps in creating, publishing, and distributing books to multiple sellers, including Amazon and Barnes & Noble.
U3 – Crypto Profits & Taxes – Part 1 – Watch Now
The discussion, titled “U3 – Crypto Profit & Taxes – Part 1 – Privacy Fight,” is led by Bill Smith and John Singleton. It seeks to address issues surrounding cryptocurrency profit, taxation, and privacy protection, mainly aimed at their community, the Privacy Fight Club. They discuss the intricacies of tax obligations related to cryptocurrency transactions in the U.S. and beyond, with the principles generally applying to other countries with similar tax systems.
Smith and Singleton highlight the role of trust arrangements in cryptocurrency transactions. For instance, if the account holder is an LLC, then the LLC is the beneficiary of this trust arrangement, with Coinbase (or another exchange) being the trustee, owning the private keys. They draw attention to the complexity of adhesion contracts in cryptocurrency exchanges, where users agree to the terms of the exchange, which is unchangeable, therefore establishing an irrevocable trust arrangement.
They present the concept of fair market value, noting that the IRS defines it as what someone is willing to pay for a commodity, often in dollars. However, with cryptocurrencies, fair market value is not exclusive to the dollar, meaning cryptos can be traded for other currencies. In the context of the tax system, they argue that cryptocurrencies should be treated as property, allowing them to fall under existing tax laws.
The experts delve into the benefits of using an LLC in terms of asset protection. They discuss that it allows for the protection of assets from creditors and tax collectors. By avoiding the need for litigation, users can protect their property rights in cryptographic currency. Moreover, an LLC provides a charging order protection, thereby limiting the creditor’s rights to distributions from the LLC.
In conclusion, they argue that with careful planning and understanding of the trust relationship and tax obligations in cryptocurrency transactions, users can protect their profits, consolidate their capital, and navigate risks effectively. They also offer to answer questions and further elaborate on the topic in subsequent discussions.
U4 – Crypto Profits & Taxes – Part 2 – Watch Now
The webinar “U4 – Crypto Profit & Taxes – Part 2 – Privacy Fight” features a discussion around the subject of cryptocurrency, taxation and privacy. The hosts began by welcoming listeners and mentioning a recent class they held on the subject, which is a part of a series they offer through an ultimate membership on their website, privacyfightclub.com.
The discussion delved into the confusion and fear that crypto traders experience regarding the need to report their trades and pay taxes on them. This concern often prevents some people from trading cryptos, despite it being possible to do so without immediate tax consequences. A key point emphasized was that, according to the IRS, cryptocurrencies are considered property, not dissimilar to real estate or stocks, and the same long-standing property rights apply.
The hosts mentioned that there’s no new law regarding taxes on cryptographic currency, although many people believe they need to pay taxes immediately upon selling or disposing of crypto assets. They emphasized that the purchase of crypto is not taxable, but when selling or disposing of it, the tax implications depend on how this is done. It was suggested that using an escrow service could allow traders to avoid a tax liability.
They also provided an example of how someone could convert their crypto to fiat currency without tax consequences by using an escrow agent to source the dollars for the crypto under an escrow contract. Another strategy discussed was creating a company to acquire property using cryptocurrency, thus avoiding a personal gain that could be taxable.
The hosts reiterated that it’s not the disposition of the asset that triggers tax, but rather how it is reported. They stressed the importance of caution when declaring crypto transactions to the IRS, as unnecessary declarations could lead to additional liabilities.
The webinar concluded by informing listeners about the various courses offered on their website, privacyfightclub.com, to help individuals navigate these complex issues. They also mentioned the opportunity for one-on-one consultations and their Slack chat where users can ask questions.
U5 – Crypto Profits & Taxes – Part 3 – Watch Now
“U5 – Crypto Profit & Taxes – Part 3 – Privacy Fight” discusses in-depth strategies for protecting and managing cryptocurrency profits. It is presented as an interactive conversation between Bill Smith and John Singleton.
The focus is on the usage of Limited Liability Companies (LLCs) as a means to safeguard cryptocurrency profits. The conversation digs into LLC operating agreements and how changes to these agreements can benefit someone looking to protect their crypto earnings.
The speakers then examine an online example of an LLC operating agreement, highlighting various sections of the agreement, such as ‘Capital Contributions’, ‘Member Loans’, ‘Distributions’, ‘Salaries, Reimbursements and Expenses’ and ‘Accounting Methods’. Each of these sections is scrutinized and tailored advice is provided on how to optimally adjust these areas to protect and manage crypto profits.
The dialogue also delves into the concept of forming a trust within the LLC for additional security. John emphasizes the importance of properly defining and declaring the trust, stating that you need to be explicit about the trustee, the beneficiary, the grantor, and the property.
Furthermore, the speakers explore tax implications and strategies. They discuss how to utilize foreign companies and limited partnerships to create a buffer against tax liabilities.
The conversation concludes with a reaffirmation of the belief that cryptocurrencies like Bitcoin are not taxable until they’re converted into cash or another asset, underscoring the significance of careful strategic planning for managing crypto profits and taxes.
U6 – Crypto Profits & Taxes – Part 4 – Watch Now
This podcast episode, “U6 – Crypto Profit & Taxes – Part 4 – Privacy Fight”, navigates the complexities of dealing with profits, taxes, and privacy issues related to cryptocurrencies. The episode stresses that cryptocurrencies can be protected from taxation or collection, and emphasizes not over-sharing information with tax authorities, as this often leads to unnecessary complications.
The hosts explore how cryptocurrencies are defined across various jurisdictions and highlight the confusion and panic around interpreting IRS guidelines for cryptocurrencies. They also discuss the strategies to avoid excessive tax liabilities, emphasizing the importance of valuing cryptocurrencies correctly and using third-party exchanges for reporting.
The episode underscores that trading between coins isn’t taxable, but it becomes reportable and potentially taxable once it’s reported in a certain way. This is consistent across jurisdictions and applies regardless of how the cryptocurrency is appraised.
An interesting point discussed is using third-party companies to manage cash flow and asset management to avoid direct ties to the individual, thus minimizing taxable events. They also mention structuring transactions in ways that appear regular and avoiding self-dealing to prevent any issues during audits.
They delve into the protective benefits of establishing an LLC, arguing that it can sever personal liability from assets, but stressing that this requires correct execution. The hosts share strategies to defend property rights and avoid litigation, essentially highlighting the practical applications of LLCs in asset protection and tax minimization.
Finally, the hosts discuss advanced tactics such as structuring loans, creating mortgages, and investing in other assets like real estate or cars via the LLC to further shield one’s finances from taxation. They also touch on the power of trust organizations in managing LLCs and mention their plans to partner with an escrow company for facilitating secure crypto transactions.
Overall, the hosts aim to answer questions around crypto profits, taxes, and privacy and offer strategic advice to navigate these issues efficiently. They remind listeners of the importance of using professional help when dealing with complex situations involving cryptocurrencies and tax laws.
U7 – W-9 Step by Step LLC & Setup – Watch Now
The video tutorial titled “U7 – W-9 & EIN Certification – Privacy Fight” primarily provides an instructional guide on the process of W-9 EIN certification, specifically for partnerships, trusts, or limited liability companies (LLCs). The presenter, John Jay, emphasizes the importance of using the official company name followed by a comma and ‘LLC’ when applying for an EIN, in order to prevent the entity from being mistakenly classified as a sole proprietorship.
Jay goes on to show viewers how to correctly locate and download the W-9 form directly from the IRS website. This helps to avoid potential misuse of data or upselling services associated with third-party sites. He advises saving the downloaded form in the same folder as the EIN approval letter to keep everything organized and easily accessible.
The presenter further demonstrates how to appropriately fill out the W-9 form. Notable instructions include entering the company name and address accurately, identifying the entity as an LLC, and entering the EIN. Jay reiterates the importance of not including personal Social Security Numbers (SSN) on the form.
The video tutorial also clarifies two main certifications that are made through this form: the EIN is correct and the LLC is not subject to backup withholding. For viewers interested in learning more about backup withholding, Jay directs them to Title 26 of the USC under Section 30,406.
The signing process is explained as well. The form should be signed with the person’s name, title (such as “authorized signatory” or “managing member”), and the date. Once signed, Jay suggests that the form should be printed, scanned, and saved in the LLC’s designated folder to be easily accessible for sending to relevant authorities or businesses.
Finally, the video tutorial concludes with a caution to viewers about the significance of accurately completing the W-9 EIN certification. Missteps in this process can potentially lead to complications, such as 30% withholding taxes or difficulties with the IRS. In essence, this video serves as a comprehensive guide to understanding and completing the W-9 EIN certification process correctly.
U8 – LLC First Steps – 23 mins – Watch Now
John Jay, the speaker in the video, has initiated a series of videos guiding viewers on the process of setting up a Limited Liability Company (LLC). His principal motivation for using LLCs is risk management and he also explores their potential use in investment, managing cash flow, and estate planning. He cautions viewers about certain features of non-profit organizations and C corporations that he doesn’t find advantageous.
Jay then demonstrates his thought process when setting up an LLC for a hypothetical client, John Smith. This includes choosing a suitable state for registration, naming the company, defining the registered agent and the principal place of business. He details the requirements for the official physical address for an LLC and also touches on how to avoid unnecessary expenses by using one’s own address as the registered agent’s address.
The speaker continues with advice on setting up an LLC in a way that will reduce conflict and potential costs from people who may think they have a claim on the company’s assets. In his example, he sets up a Private Membership Association (PMA) as the 100% beneficial owner of the LLC. This could be any unincorporated group, like a family, making it very hard for anyone to challenge the legitimacy of the ownership. He highlights the importance of LLC registration with the state for protection, and the visibility of the registration information on the state’s Secretary of State website.
He concludes by discussing the significance of banking resolutions, explaining that even non-owners can be authorized to sign for the company via a banking resolution. This provides flexibility for other people, like John Smith’s wife, to sign for the company if necessary, without needing to be named in the LLC’s articles. Throughout the video, Jay emphasizes the importance of maintaining privacy and using it as an advantage while setting up an LLC.
U9 – PMA & Residency & Tax/Withholding Liability on Sale – Watch Now
“U9 – PMA & Residency & Tax/Withholding Liability on Sale – Privacy Fight” is a comprehensive discussion on a unique structure involving a private membership association (PMA) owning a limited liability company (LLC) and its implications on residency and tax withholding liability, especially in the case of property sales.
John Jay highlights the concept that residency creates eligibility under the law. He notes that living somewhere for more than six months usually makes a person a resident of that state. This residency eligibility also creates tax liability.
In the example presented, a person owns an LLC in one state, while the real estate owned by the LLC is situated in another state. This set-up makes the LLC a foreign entity, creating complications for the title company trying to identify the tax liability of residents or non-residents.
Jay underscores that the goal in this example is to transfer the 1099 report to a pass-through entity, removing personal liability and avoiding withholding taxes. He elaborates on this process through a series of forms and documentations required in real estate transactions, which includes certification of foreign or non-foreign status, transferor’s information, and W-9 tax form.
Interestingly, Jay cautions against signing private data intake collection forms under penalties of perjury. He suggests that an LLC can be treated as a disregarded entity, meaning that the residency is established by the PMA, and the PMA can choose its residency.
In conclusion, Jay navigates the complex interplay between PMAs, LLCs, residency, and tax liability, providing an insightful perspective on this unique structure. He advocates for diligence in filling out forms and emphasizes the need for understanding the potential risks and responsibilities attached.
U10 – Acct Access, Taking LLC Profits & the PMA • PrivacyFight – Watch Now
In this video, John Jay discusses the management of account access for limited liability companies (LLCs) and third-party accounts such as banks and exchanges. He emphasizes that adding a spouse or additional signers to the account is not necessary and may compromise privacy. John Jay suggests several methods for managing access, including obtaining account credentials from a designated file in case of the primary account holder’s unavailability. He highlights the importance of avoiding reliance on courts and attorneys to resolve disputes, advocating for self-resolution of account-related matters.
Furthermore, John Jay discusses the option of adding authorized users to the account, enabling them to log in and perform transactions over the internet. He also mentions the possibility of issuing checks or obtaining debit cards for account access. He recommends avoiding involving family members and opting for simpler solutions that do not require third-party intervention.
The video then transitions to the topic of taking profits from an LLC while minimizing tax liability. John Jay suggests using a third-party “black box” to secure funds and create a contract with a law firm for controlled access to the box under specific conditions. He explains how to use LLC funds for personal purchases, such as buying a car, by negotiating with the dealer and structuring the title in a way that suits the individual’s needs.
Towards the end, John Jay introduces the concept of a Private Member Association (PMA), which can be used to manage property within a family or other associations. He advises developing a written document detailing the authority and interests of the members involved, but cautions against sharing this document with others. Instead, he suggests keeping it private and referring to it internally to clarify roles and responsibilities.
In summary, John Jay provides insights and strategies for managing access to LLC accounts, minimizing reliance on third parties, optimizing privacy, and efficiently utilizing LLC funds for personal expenses. He also introduces the concept of a PMA as a means of organizing and managing property within an association.
U11 – How to Create New Cash Flow for Beginners — Part I of II & Part II of II – Watch Now
“U11 – How to Create New Cash Flow for Beginners — Part I of II & Part II of II – Privacy Fight” is a two-part guide by John Jay, exploring the creation of new cash flows for beginners. In this comprehensive walkthrough, Jay details different methods one can adopt to create alternative sources of income, emphasizing the importance of entrepreneurship and self-education in the journey towards financial independence.
In Part I, Jay outlines his general philosophy towards creating cash flows. He emphasizes that modern technology offers a plethora of opportunities, underscoring the potential of online businesses and investments. He introduces the idea of purchasing existing online businesses through brokers, citing an example of a broker, xchange marketplace. He explains that such a process can be simpler than traditional investments like buying a house, and can be set up within 90 days. However, Jay encourages doing individual research and understanding the detailed process.
In Part II, Jay delves into specific strategies for generating cash flows. He presents practical examples, detailing the purchase and scaling of online businesses, sourcing and selling niche products through Alibaba and eBay, and leveraging one’s expertise or interest to create content, such as writing books through platforms like Lulu. He also introduces the idea of loaning against precious metals for starting a business, emphasizing the importance of risk assessment.
Overall, Jay presents a plethora of options for creating new cash flows, but he also stresses the importance of research, risk analysis, and financial education to ensure success. He views these strategies as starting points, urging beginners to experiment, learn from their experiences, and gradually build their financial acumen.
U12 – More Strategies for Entrepreneurs — Part I – Watch Now
In “U12 – More Strategies for Entrepreneurs — Part I,” the speaker provides insight into entrepreneurial tactics for maximizing cash flow and navigating the challenges of business. The discussion covers varied strategies suitable for anyone, whether they are in an established business, launching a start-up, or exploring novel entrepreneurial avenues.
The talk emphasizes the potential of starting from a minimal investment, where the speaker aims to guide people in creating an additional $2000 per month within a 90-day period. The speaker uses real estate as an example of an avenue that can offer potential for profit, regardless of the participant’s interests or skills.
The speaker then transitions to discussing the potential in publishing. By sharing a story of an individual who wrote a book about her life and made a profit from it, the speaker highlights how the internet can enable people to become authors and create income streams from selling books online, including on platforms such as Amazon and Barnes and Noble.
In addition to exploring traditional entrepreneurial paths, the speaker discusses more innovative strategies. One example is the use of services like Fiverr, a freelancing platform, to harness global talent and access services at cost-effective rates. The conversation touches upon a situation where a press kit was created at a minimal cost but brought about substantial value.
The speaker then underscores the importance of transforming personal skills into profitable businesses. Examples include creating and selling products on eBay, providing services for a niche market, and monetizing specialist skills like calibrating gages. The speaker encourages listeners to adopt new habits, work hard, and be open to fresh ways of doing things.
Later in the talk, the speaker discusses a unique approach using drones for revenue generation, underlining how technology can unlock novel business opportunities. Additionally, strategies like partnership with retail spaces, and entering niche markets, for example in beauty products, are suggested as potentially fruitful entrepreneurial strategies.
In conclusion, the speaker advocates a mindset shift towards entrepreneurship, encouraging listeners to leverage their skills, use available resources wisely, and be open to creative and innovative ways of generating cash flow. The talk represents an exploration of entrepreneurial possibilities, highlighting the power of initiative, adaptability, and resilience in business.
U13 – More Strategies for Entrepreneurs — Part II – Watch Now
The episode “U13 – More Strategies for Entrepreneurs — Part II – Privacy Fight” centers on discussions about various strategies for entrepreneurs to create new cash flow and maintain their businesses’ privacy. The host welcomes the participants, encouraging their engagement and open dialogue throughout the session. The discussion begins with logistical matters regarding recording the session, addressing participants’ queries and concerns.
The conversation then transitions to an examination of different methods to create additional cash flow. The host introduces the idea of writing a book as a potential avenue for generating additional income, citing personal experiences with vanity publishing on platforms like Lulu.com. Further discussion reveals this idea to be well-received among participants, with some participants already having written materials that could be adapted for such purposes.
The talk shifts to exploring opportunities in the digital world, specifically, phone apps as potential sources of income. The host emphasizes the importance of understanding the market and the potential need for unique, slick products to stand out. The dialogue also explores the prospect of launching new ventures, emphasizing the importance of recognizing and capitalizing on existing assets.
The session progresses with the examination of other real-life entrepreneurial examples, including turning farms into retail stores and making money from unique, local products. A key part of the discussion is about finding opportunities in day-to-day life and converting them into sustainable sources of income.
The host elaborates on the idea of drop-shipping and running businesses through platforms like exchange marketplaces. Sharing experiences about their own journey, the host emphasizes the value of learning and adapting along the way. The podcast wraps up with discussions on potential business acquisitions, particularly for businesses with an established clientele and reputation. Participants engage with this concept, sharing their thoughts on utilizing existing business structures and names to further their entrepreneurial ventures.
U14 – Beginning Concepts for Taking Profits from Cryptos – Watch Now
The video “U14 – Beginning Concepts for Taking Profits from Cryptos – Privacy Fight” appears to be a transcript of a discussion around handling cryptocurrency profits with privacy and tax considerations. The conversation is based in the United States context, with a focus on IRS regulations and processes.
The discussion begins by elaborating on the concept of paying personal debts using profits from selling cryptos within an LLC. These transactions are typically not taxable and not subject to audit. This offers an opportunity to reduce tax liability while maintaining privacy. It also emphasizes the importance of correctly declaring income to avoid triggering an audit process.
The conversation further delves into the idea of the Infinite banking concept, utilizing a whole life insurance policy. This provides a more sophisticated way to handle the profit-taking process. The setup of a whole life policy and funding it with profits from cryptocurrencies is explored as a potential avenue for financial management.
A significant part of the discussion covers purchasing assets like vehicles and real estate using profits channeled through an LLC account. This is positioned as a strategy to avoid taxable events and maintain privacy. Similarly, the concept of moving precious metals through a third party account is touched upon.
Emphasizing the importance of proper financial and business management, the discussion moves to topics such as asset management, risk management, and leveraging financing for investment growth. It explains how investing in diverse assets can yield better returns while also managing associated risks effectively.
Finally, the conversation concludes with a call to action encouraging listeners to believe in their competency to handle their own financial matters, even those related to complex topics like cryptocurrency profits and tax implications. The speakers stress the importance of proper financial planning, including buying assets before liabilities and managing funds wisely.
U15 – Interview with student who bought $200K Business with no money – Watch Now
In this interview, the host, John Jay, talks with a student who has successfully acquired a $200,000 business without investing any of his own money. The student, named Davis, starts by outlining his journey from growing up with the mentality of investing in assets to realizing the potential of buying online businesses. He was guided by people like Robert Kiyosaki, inspiring him to explore the online business marketplace and uncover new opportunities.
Davis emphasizes that his journey wasn’t straightforward, and he learned valuable lessons through failures. He discusses the resources he used, including brokerage platforms and marketplaces like Empire Flippers, FTA International, and Exchange Marketplace. Davis provides an insight into his research process, recommending a rule to consider businesses whose gross income can pay for their purchase price within one year. He also advises considering businesses that are at least a year old for business credit purposes.
He then elaborates on how he overcame the major obstacle of funding, by tapping into networks, meeting people, and ultimately obtaining a substantial line of credit. Davis used these networks to vet businesses, conduct due diligence, and verify financials, all without needing to invest his own time or expertise.
In an unexpected turn, Davis ends up dealing with more prominent players and large-scale businesses, challenging the misconception that a lack of personal funding can limit opportunities. In this vein, Davis acquired the $200,000 business using none of his own money. Instead, he used the business’s existing revenue and leveraged financing options to fund the acquisition.
The business Davis purchased, a Software-as-a-Service (SaaS) provider, has a healthy 8% margin and generates around $10,000 to $13,000 in revenue per month. The deal also included an option for a holdback agreement, which allowed Davis to withhold a portion of the purchase price until certain conditions were met.
Comparing buying a business to buying a house, Davis concludes that the former can be easier because of the supportive banking structure. He highlights the benefits of buying an existing business, such as not having to start a new financial account and inheriting the financial history. The discussion ends with Davis expressing enthusiasm for his next business acquisition, stating that his initial experience has made him confident and equipped for future ventures.
U16 – StratLife — Entrepreneur’s Strategies – Watch Now
The webinar “U16 – StratLife — Entrepreneur’s Strategies – Privacy Fight” begins with an introduction, followed by a discussion on how one can set up an operation to generate income, even without the need for thousands of students. This model emphasizes the value of creating reusable content and licensing it out for profit.
The discussion further explores the concept of Private Membership Associations (PMAs) as a viable structure for businesses open to the public. They discuss various examples and suggest how businesses can convert into PMAs for potential benefits such as reduced regulations.
The webinar also delves into the idea of collaborative homeschooling, with parents sharing responsibilities and creating a curriculum together. They emphasize that it’s possible to maintain a part-time job while homeschooling with the help of other parents.
The concept of the limited liability company (LLC) structure is explained, including the potential tax benefits and the nature of owner liability. The seminar guides through the process of adding a PMA to an LLC, and discusses the advantages of structuring assets to minimize liability and increase control.
The webinar also discusses the value of customer relationships and the concept of separate entities to shield business assets. They suggest that in case of a lawsuit, the customer would be suing an entity that could be easily dissolved and recreated, thereby protecting the core business.
A significant portion of the webinar is dedicated to credit. Participants discuss how credit bureaus function in different countries and emphasize the importance of maintaining a good credit history. They also provide guidance on using credit wisely and not being afraid of debt, citing the financial crisis of 2008 as a learning lesson.
The hosts provide advice on setting up LLCs and managing the paperwork required for banks. They discuss various strategies to create a backstory that can help in obtaining credit. Lastly, they provide a “trade secret” on setting up a business address and using it to build Net 30 accounts for credit-building purposes.
In summary, the webinar covers a wide array of strategies for entrepreneurs, with a focus on structuring businesses to maximize returns and minimize liabilities, and the effective use of credit.
U17 – StratLife — An Entrepreneur’s Lifestyle – Watch Now
“U17 – StratLife — An Entrepreneur’s Lifestyle – Privacy Fight” is a comprehensive guide designed to empower entrepreneurs with an understanding of various business strategies, principles of credit, and the importance of privacy in today’s digital landscape.
In this guide, the hosts, including the Guerrilla Economist and John Singleton, share useful tips, ideas, and experiences that can help entrepreneurs navigate their entrepreneurial journey. Singleton, an entrepreneur himself, shares personal anecdotes and experiences in a conversational style. The program provides a platform for learning and encourages participants to prepare their notebooks and documents for future seminars.
Key topics covered in the discussion include the role of business credit in entrepreneurship, and the importance of developing and maintaining it. Practical insights on how to leverage public resources, like US bankruptcy court records, to identify potential business opportunities are shared. Furthermore, the speakers delve into the intricacies of managing business credit and the associated risks.
The conversation also touches upon the idea of strategic partnerships and collaborations to fill knowledge and resource gaps. The hosts highlight the importance of diversifying business revenue sources and encourage entrepreneurs to explore unconventional avenues, like purchasing distressed assets, to generate immediate capital.
The guide emphasizes the importance of creating a solid business structure, such as registering an LLC, and stresses the need for an entrepreneur to focus on making money first before worrying about technicalities like taxes. Advice on how to navigate tax implications, maximize tax benefits, and choose the right financial advisors for a particular business type is provided.
Finally, the discussion delves into the significance of privacy, with Singleton explaining the process of creating a credit file for a business and avoiding potential pitfalls. The hosts advocate for future-proofing oneself and making business decisions based on the health of the business, rather than solely on tax breaks.
Overall, “U17 – StratLife — An Entrepreneur’s Lifestyle – Privacy Fight” is a useful resource for any entrepreneur looking to navigate the complexities of the business world, the importance of credit, and the value of maintaining privacy in the digital age.
U18 – Discussion about finding new opportunities for cash flow – Watch Now
“U18 – Discussion about finding new opportunities for cash flow – Privacy Fight” is a dialogue-based content exploring how individuals can identify and leverage new opportunities to generate cash flow. The speaker discusses the concept of purchasing online businesses, and the potential for such an investment. While they acknowledge the inherent uncertainties, they stress the importance of proper research and the advantage of getting assistance from experienced individuals or companies.
The speaker also highlights the need for entrepreneurship and openness to opportunities. They suggest considering ventures that are viable, such as reselling products through online marketplaces like Etsy, where there are always items in demand. They caution against fearing market saturation, arguing that one can always find a niche market.
The conversation then focuses on how to choose a profitable business to buy. The speaker encourages listeners to analyze businesses based on the income they generate rather than the asking price, and to negotiate the price when possible. They suggest businesses that make a few thousand dollars a month and cost around $2000 – $6000 as good starting points.
The discussion also explores alternative options for generating income, such as affiliate marketing through platforms like Clickbank. The speaker suggests finding products to promote to an existing audience and negotiating a suitable deal with the product owner. They also emphasize the importance of establishing a relationship with customers for trust and improved sales.
The conversation also covers the concept of finding value in overlooked areas and unlocking this value for profit. One example given is a scenario where someone could generate income by referring a pressure washing service to their neighbors. This illustrates the speaker’s broader point about the potential for everyday people to find ways of monetizing everyday situations.
Lastly, the speaker discusses the benefits of offering a service as a marketing tool and the potential of combining this with unique, value-add products. They note that this approach can help businesses stand out, attract customers, and generate income.
Overall, the text explores various entrepreneurial strategies and opportunities for generating cash flow, from buying online businesses to referral programs and affiliate marketing. It emphasizes the importance of research, strategic thinking, negotiation, and relationship building in the successful implementation of these strategies.
U19 – Asset Allocation Plan I – Watch Now
The speaker in “U19 – Asset Allocation Plan I – Privacy Fight” presents his views on developing an effective asset allocation plan based on individual circumstances and interests. He insists on giving a narrow answer to the frequently asked question of asset allocation, as a multitude of possibilities exist based on personal details such as age, interests, and lifestyle preferences.
The speaker believes that asset allocation or re-allocation plans answer the question of where to invest or re-invest after completing an existing project or investment. He recommends two classes of investments, namely real estate and joint ventures (also known as private equity). He emphasizes the importance of picking investments based on personal understanding and success rather than scattering money in multiple places, terming the latter as misinterpreted diversification.
In the realm of real estate, he highlights its diversity as an asset class with the potential to be involved as much or as little as one desires. Opportunities in residential multi-family housing, wholesaling, commercial real estate, property management, debt financing, leases, agricultural land, industrial office spaces, and tax lien certificates, among others, make it a preferable choice.
Joint ventures or private equity investments are another favored asset class. He differentiates this from investing in managed funds, highlighting the hands-on involvement in business ventures. These joint ventures could involve various roles, such as silent partner, lender, co-owner, and various investments like loans, tax deeds, and lease agreements.
The speaker discourages the idea of diversification by spreading money across various unrelated investments. Instead, he champions the concept of vertical investment, wherein one invests in the suppliers or related businesses to their primary investment. He suggests investors to opt for this kind of diversification that aligns with their existing successful ventures.
The speaker uses real estate as an example to explain investment evaluation methods such as the Rule of 72, Gross Rent Index, Capitalization Rate, and Cash on Cash return. He encourages investors to use these tools to measure the opportunity and determine the worth of a deal. In addition, he recommends seeking professional advice such as a broker or accountant to analyze the asset’s balance sheet.
The speaker concludes by expressing his bias against the stock market and public equities, advocating for investments in areas one understands well. He urges the audience to consider potential vertical investment opportunities when diversifying and selecting an asset.
U20 – Asset Allocation Part II – Watch Now
In this presentation, titled “U20 – Asset Allocation Part II – Privacy Fight,” speaker John Jay provides a detailed discussion on strategic asset allocation with a focus on privacy. The talk begins with an emphasis on not rushing to pay off debt quickly, even when a financial windfall occurs, stating that this is not a good use of capital and it reduces the lender’s net present value while increasing the lenders’. He also underlines the importance of not trying to be one’s own lender, suggesting that individuals should stay in their lanes and rely on others’ expertise.
John Jay introduces some tools and services useful for managing cash flow and properties. He also recommends diversifying investments beyond cryptocurrencies and mentions two services, Via Mat and Malka Amet, useful for people needing to move assets. Another service, CRA, is mentioned as beneficial for those interested in buying yachts, demonstrating the speaker’s focus on high-end assets.
The speaker then moves on to tangible asset classes like gold and diamonds, pointing out the value and ease of transport these commodities can offer. He suggests purchasing gold in the form of good delivery gold bars and kilo bars. For diamonds, John Jay provides detailed guidance on profiles, recommending round brilliant diamonds with very good, ideal or signature ideal cuts.
John Jay then discusses strategies to handle windfall gains, strongly advising against paying off all debts or purchasing assets outright with cash. Instead, he advocates for a balance between liabilities and income-producing assets. He recommends exploring fixed income instruments, such as buying paper assets like mortgages or certificates of deposit.
In the conclusion of his presentation, John Jay warns of changes in the economic and currency system and briefly discusses various forms of paper assets, including CDs, post office monthly income schemes, mutual funds, tax-free bonds, etc. He wraps up by discussing tax lien and tax deed certificates, note brokering, and factoring as investment strategies. He advises his audience to look at these assets as ways of diversifying their portfolios, mitigating risks, and improving overall financial performance.
U21 – Tutorial For Creating & Submitting Business Registration Forms Online – Watch Now
The U21 tutorial introduces users to the process of creating and submitting business registration forms online via the North Carolina Secretary of State’s website. The tutorial guides users to navigate the website, to locate the online services menu, and to submit a business creation filing. The type of entity to be registered, whether domestic or foreign, is selected, and the system verifies the uniqueness of the proposed business name.
The tutorial elaborates on the need to appoint a registered agent, a North Carolina resident who will act as the company’s contact point for legal matters. It underscores that the user can serve as their own registered agent, as long as they reside in North Carolina. The agent’s email and physical addresses must be provided.
As users proceed through the registration, they’re shown how to provide information about the company’s organizer, who is the individual responsible for completing and signing the registration form. The tutorial clarifies the distinction between an organizer, a member, or both, providing the option to identify as such.
The tutorial also explains how to specify the effective date of the filing, which can be any day up to 90 days from the filing date. It then provides a step-by-step guide on reviewing the completed form, signing, and attaching any additional required documents.
Lastly, users are directed to pay the filing fee, which, as of the tutorial recording, is $125 plus a $2 electronic transaction fee. Several payment methods are available. Once the payment is processed, a receipt is provided and the document is submitted for review. Users can check the status of their filing at any time by logging into their account on the website. The tutorial concludes by providing contact information for any further questions and encourages feedback on the video.
U22 – This one was a Question and Answer Discussion about very basic LLC andTax Strategies – Watch Now
The Q&A session titled “U22 – This one was a Question and Answer Discussion about very basic LLC and Tax Strategies – Privacy Fight” centered on a series of inquiries and responses related to the utilization of Limited Liability Companies (LLCs) and strategies for managing taxation, particularly in the context of cryptocurrency transactions.
The session began with a discourse on tax implications of cryptocurrency trades, focusing on the point that taxable events are typically generated when cryptocurrency is converted into traditional currencies like USD, and subsequently moved into personal accounts. Discussions on this topic revolved around capital gains taxes, with suggestions that cryptocurrencies could be moved between different companies, provided the companies belonged to the same individual. This maneuver was deemed not to generate new tax liabilities.
Further discussion touched on issues related to managing bad credit through loans, and the necessity of having a good understanding of terms before engaging in online amortization. Key points around personal tax considerations were also discussed, noting that the personal taxes of an individual with significant cryptocurrency or business income should not be a significant concern. The importance of an LLC in maintaining privacy and financial security was emphasized.
The Q&A session additionally explored possible scenarios, such as selling coins and buying assets like hotels using the proceeds. It was explained that in such cases, the business would essentially be its own lender. Taxation issues arising from such moves were examined, with advice given that taxes could be managed later, even in cases where large sums were owed.
Specific advice regarding LLC management in the case of death was also discussed, with the recommendation that provisions should be made to enable children or other beneficiaries to have access to the assets. A point was raised regarding the structure of LLCs, noting the possibility of setting up separate LLCs for each asset without necessarily registering with the state.
Finally, discussions about the role of Homeland Security in regards to reporting requirements for cryptocurrencies were examined. The emphasis was placed on the fact that nothing fundamental had changed despite the perception of increased scrutiny. The session concluded with a discussion about tax liabilities for cryptocurrency gains and the need to convert gains into dollars to pay taxes, where it was noted that it wasn’t necessary to obtain dollars to pay the tax.
U23 – Signature rights and Credentials using LLC – Watch Now
The conversation revolves around the use of Limited Liability Companies (LLCs) to handle issues of signature rights, privacy, and financial management. The host provides valuable insights on the subject, illustrating the benefits and techniques of using LLCs to maintain privacy and manage financial transactions. This information is part of the resources provided by the ‘Privacy Fight’ YouTube channel.
Key points addressed include the flexible nature of LLCs and their capacity to accommodate varying structures, with a range of single to multiple members. The speaker also touches on property rights within an LLC, highlighting the potential of different ownership structures. The discussion further extends to the use of LLCs for asset protection, tax reduction, and privacy maintenance.
An integral part of the conversation is about managing LLC credentials and how these can be used for company operations. Understanding these credentials, like login user IDs, can give one broad control over the company’s activities.
The talk also raises questions about the changing banking rules and regulations and how LLCs can adapt to these changes. One key point is about the changing threshold for disclosing certain information from previously being if you’re a 25% owner to now showing zero interest. The host elaborates on the LLC’s usage to facilitate transactions, especially in cryptocurrency, and how these transactions could impact personal privacy and tax implications.
There are multiple questions from participants that add depth to the conversation. These questions span topics such as issues with setting up LLCs in specific states, procedures for purchasing assets through an LLC, implications for large transactions, and the process for annual reporting for LLCs.
The speaker thoroughly addresses all the queries while adding in-depth explanations and examples to ensure the understanding of the concept. The underlying message of the discussion is the efficient utilization of LLCs for business operations, privacy, and financial management.
U24 – Cryptos and Risk Management – Watch Now
“U24 – Cryptos and Risk Management – Privacy Fight” centers on a conversation about the use of Limited Liability Companies (LLCs) in the context of cryptocurrency trading and risk management. The text revolves around a dialogue between two experts discussing how to set up LLCs, mainly for the purpose of protecting assets and managing tax obligations related to cryptocurrency transactions.
One of the main discussions focuses on how an LLC can be structured to provide tax benefits and to help mitigate legal liabilities. In particular, the text delves into why an LLC does not have to file a tax return, providing an in-depth explanation about the relevant regulations in the U.S. The concept of an exchange is also discussed as a method of deferring tax liability.
In addition, the speaker explains how an LLC can provide legal protection and limit personal liabilities. He emphasizes the importance of understanding the operation of an LLC to avoid incurring liabilities inadvertently. Furthermore, the text explores the flexibility of an LLC, noting that it can be designated as a private membership association, partnership, or trust, each with its own unique advantages.
The text also stresses the need for appropriate contract structures, suggesting that contracts should be made with customers and not with the core company. This approach is presented as a way to reduce the risk of being sued. Besides, the discussion explores privacy issues related to keeping business records, especially in relation to audits by the Internal Revenue Service (IRS).
Lastly, the speaker addresses several questions from the audience, providing insights into different aspects of setting up and operating an LLC. These include details about service fees, deferral mechanisms, and the relevance of estate planning in the context of LLCs. The conversation concludes with a reference to a YouTube channel called “Privacy Fight”, where further information can be obtained.