Ask Me Anything Session
With Edward Collins
Exclusive for our Uplevel Community Members
PS: In an effort to maintain the Privacy of the members who attended this call, the entire call will stay on Edward's Camera, but you can listen to the questions that are being asked by our Uplevel Members (You can find the transcription of the questions below).
SUMMARY:
Here are the questions I answered during our live call:
[00:05:00] Do I have to set up a payroll service to pay my children? Or can I pay them basically, as an outside contractor?
[00:16:11] I'm struggling to think of or come up with activities that my children could do within that business that would not make the IRS look at me funny. And so I was wondering if you had any suggestions about that?
[00:20:15] I have a revocable living trust, I have an LLC set up as an S corp. But I own all of it in my name and my husband's name. What's the implication of how I will file my taxes?
[00:30:00] I hired my partner to be my chief of staff to help me with something. How to acquire a co-living slash retreat space that we would be housing people on?
[00:35:59] I have an S Corp for myself. My wife has an S corp. I will implement Augusta rule in my corporation starting this year. Can my wife do the same thing for her company in the same house?
[00:44:26] My wife just got her own LLC. Her business has a DBA, it's a franchisee and we just signed the agreement. How's it gonna affect her P&L?
[00:53:50] I have a daughter who is three years old and her mother passed away a little over a year ago and left her the beneficiary of a $100,000 life insurance policy. What is my best course of action from here?
[00:58:53] How does the UTMA account work?
[01:02:16] What is the regular upkeep for a trust fund?
[01:03:30] Does it show up on your taxes if you have a revocable trust?
[01:04:35] Are there any benefits if I own an LLC? I have run zero business out of that. And I'm ready to create my wealth matrix. So is there a benefit to having the history of that over anonymity? Or should I just close that one out and then open a new one with the right structure?
\
[01:07:40] I just created my LLC and my whole company. How can I implement the Accountable Plan strategy effectively?
[01:16:05] I have an LLC, single member, and I don't have the anonymous holding company set up. Will I lose any tax benefits?
[01:26:51] How do you go about getting taxed as an S corp while still being an LLC?
If you missed this live call session, make sure to watch the replay to get the answers to these questions. And if you are getting value from it, post a video on our Facebook and tell us your experience and feedback. If you think that you could benefit from something else, or if you want us to discuss a specific topic, post a quick little video of yourself about the type of things that you're looking for.
What our members say about our weekly calls ...
⭐️⭐️⭐️⭐️⭐️
I've paid tens of thousands of dollar to get this type of information, and these are structures that I have not heard yet which makes total sense ...
- Chris, Uplevel Member
⭐️⭐️⭐️⭐️⭐️
Thank you so much, I needed this stuff... I've been doing the correct way for them, but now I do it for me
- Vladimir, Uplevel Member
⭐️⭐️⭐️⭐️⭐️
I am really learning a lot of how to structure this stuff so that in the future I can protect my assets and pass it on to my family. And that's why this group and these calls ... it's because it's giving me that insight...
- Arthur, Uplevel Member
Your Exclusive Content As An Uplevel Member ...
Ask Me Anything Sessions Value at $6,000
Ask Me Anything Sessions Value at $6,000
- AMA Session
- Q&A Recordings
If you miss one of our Ask Me Anything Session, don't worry, you will be able to check the recording! Although it is much better to come LIVE!
AMA Index Value at $10,000
- AMA Index
For the past number of months, we have responded to over 300 incredible questions. This Index is an organized and categorized list of all of them. Here are a few examples:
1. "When is the right time to start my trust?"
2. "My accountant said that I should not be taking advantage of the Augusta Rule because I already work from home, is this accurate"
3. "What are your thoughts on a overfunded Whole Life Insurance for Infinite Banking Purposes?"
We value it at $10,000 AT LEAST, as we have over 30 hours of Edward doing consulting work!
Uplevel Library Value at $997
- Uplevel Library
Find Exclusive Trainings that will help you better understand the foundations of business and wealth protection! Currently, we have trainings about Business Structures, Real Estate protection methods, Land Trust Strategies, and many more!
This is easily valued at $997
Masterclass Discounts Value at $300
- Masterclass Discounts
Get $100 Discount on all our Masterclasses just for being part of the Community! We currently have 3 Masterclass, so you get an out of the bat value of $300.
As a bonus to becoming an Uplevel Member, you will get behind the scene access to the recording of our masterclass, which the public will have to buy for $497!
Networking Priceless
- Uplevel Private FB Community
- AMA Session
Gain monthly access to Edward for over 6 hours of group consultation, where he answers your questions. Instead of paying $1,500 for just 45 minutes of his time, you can have 6 hours with him for only $97 per month.
- Q&A Recordings
If you miss one of our Ask Me Anything Session, don't worry, you will be able to check the recording! Although it is much better to come LIVE!
AMA Index Value at $10,000
- AMA Index
For the past number of months, we have responded to over 300 incredible questions. This Index is an organized and categorized list of all of them. Here are a few examples:
1. "When is the right time to start my trust?"
2. "My accountant said that I should not be taking advantage of the Augusta Rule because I already work from home, is this accurate"
3. "What are your thoughts on a overfunded Whole Life Insurance for Infinite Banking Purposes?"
We value it at $10,000 AT LEAST, as we have over 30 hours of Edward doing consulting work!
Uplevel Library Value at $997
- Uplevel Library
Find Exclusive Trainings that will help you better understand the foundations of business and wealth protection! Currently, we have trainings about Business Structures, Real Estate protection methods, Land Trust Strategies, and many more!
This is easily valued at $997
Masterclasses Discounts Value at $300
- Masterclasses Discounts
Get $100 Discount on all our Masterclasses just for being part of the Community! We currently have 3 Masterclass, so you get an out of the bat value of $300.
- BONUS: Behind-The-Scene Access
As a bonus to becoming an Uplevel Member, you will get behind the scene access to the recording of our masterclass, which the public will have to buy for $497!
Networking Priceless
- Uplevel Private FB Community
Finally, and most importantly, you will have access to our exclusive Private Facebook Group, where you can connect with fellow business owners who share your goals and aspirations.
Our group is unique; here, we all share a common objective of building generational wealth. Topics such as Tax Strategies, Asset Protection, and Asset Acquisition are highly discussed and valued!
Total Value of:
$17,297
Get Access to Everything for only $97/month
Here are some of the questions our members have asked in the past ...
... if you want to check out the replies to these questions ...
... all you need to do is click the button below!
Be part of our weekly "ask me anything" sessions with edward!
ABOUT YOUR WEALTH STRATEGY COACH, EDWARD R. COLLINS, JD, CFP
Edward Collins has been an entrepreneur since the summer following his second grade in school. You read that correctly. Though, that's a story for another day.
For more than two and a half decades, while building and scaling businesses of his own, Edward has also been working one on one with business owners across the country helping them to Create, Accumulate and Protect their wealth.
Four of Edward's nine businesses focus on serving business owners. Why, because that is who he is at his core and that is who he resonates with the most. So he has made a deliberate decision to focus on this specific group of risk takers, and freedom seekers!
Edward believes firmly in the life-long pursuit of education. He's been studying wealth and what it takes to create and keep it for over twenty years. He started his first financial planning practice in 1998 and it has grown and evolved over the past twenty-three years to now serve clients in 27 states across the country. His commitment to constantly adding to his library of life led him to the decision to earn a law degree, and that was after he already founded three of his companies. His relentless pursuit of personal growth led him to acquire a multitude of credentials, including a J.D. from Law School, as well as qualifications such as Series 7, 66, and 24, CFP, RFC, AAMS, Life Insurance License, and Health Insurance License.
Edward possesses a vast reservoir of actionable and valuable knowledge in the realms of Tax Planning and Generational Wealth Building Strategies specifically tailored for entrepreneurs. His expertise is highly sought after by the members of our esteemed Uplevel Community and anyone seeking reliable guidance in the realm of Wealth Creation. By clicking the button below, you can gain exclusive access to his invaluable insights, eliminating the need to waste time navigating the legitimacy of information found online.
Copyright © 2023, Uplevel Entrepreneur, LLC. All rights reserved.
This site is not a part of the Facebook website or Facebook, Inc. Additionally, this site is not endorsed by Facebook in any way. FACEBOOK is a trademark of FACEBOOK, Inc.
Facebook makes us say all of the above. Sorry. Now for some more legal stuff. You had to know this was coming. After all, didn't we tell you that Edward is a lawyer. TERMS OF SERVICE