Entries from January 2012 ↓
Thank you for returning! Did you get your ==> FREE Report? "THE INSIDER SECRETS OF BUSINESS CREDIT™". In this Powerful Insider’s Guide You will Learn Powerful Secrets on what You Must do in Today’s Tight Economic Environment to Secure More Cash and Capital
for Your Business!
From: Scott Letourneau
Re: The Ultimate Joint Venture Boot Camp-Training Call
Tuesday January 24th at 6 pm PT/ 9 pm ET
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We are only a few days away from the event that
will change your financial future! Why? Because when
you master this one strategy…you will bring in new leads and attract new clients.
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Check out all the details for the 2012 Ultimate Joint Venture
Boot Camp January 27-29 at the Gold Coast Casino in
Las Vegas here now.
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I will be upfront and tell you there are many components to learn with my favorite JV strategy, the host/beneficiary relationship. In fact, almost every major business success has been a result of a joint venture…done the right way.
When you register now, you will receive $4,685 in bonuses, and that alone would be great for such a small investment.However, in addition to over $4,600 in bonuses you also will be spending three days focusing on this ONE POWERFUL strategy with world class trainers to help you implement every phase!
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Did you check out the training calls by the speakers? I even
broke down the most essential parts for you.
Go ahead and access the training calls with each speaker for FREE for a limited time:
Go to Speaker Training Calls Now.
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This is the ONLY Ultimate Joint Venture Boot Camp scheduled
for 2012 to help you leverage other people’s resources.
When you register today (first you will receive 10% off)
PLUS, you will receive immediate access to the
online 2010 & 2011 Ultimate Joint Venture Boot
Camp training from our powerful 3 day boot camps
we’ve previously held in Las Vegas.
You will have access to both the videos and audios online (www.TheUltimateJointVentureToolBox.com) broken down
by each trainer, complete with training manual on which
subjects you need the most help with RIGHT NOW in your
business. Plus, you will receive access to all the training calls
and materials to turn your business around quickly.
This bonus alone is a $3,995.00 value.
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Go to http://www.theultimatejointventurebootcamp.com
for FULL details and to Register Today! Save 10% by Registering on or before January 20th, 2012 (there are ONLY a few seats remaining)
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Join me and my team of trainers and coaches for three business
life-changing days in Las Vegas as we mentor you in the most powerful marketing strategy to put massive profits in your business …yet one that 99% of stressed, struggling entrepreneurs do not use effectively, if at all.
The World Class Trainers to Help Your Business Turn Around and Grow in 2012 and Beyond Include:
• Spike Humer- Is widely becoming recognized around
the world engineering entrepreneurial success
as THE leading expert in stories.
• Armand Morin -International Internet Marketing Strategist.
Having started online in 1996, his personal online businesses
alone have generated over $100 Million in online revenue
since then.
• “Jump Start” Jim Chianese- Is The World’s Only Marketing Resultant for the Impatient Entrepreneur. A Relationship and Social Media Marketing Consultant that has used social networking to double client’s businesses.
• Sohail Khan- Sohail is founder of The Joint Venture Group
and President of The Joint Venture University. Having previously
built a multi-million pound internet training business which
he started with just $1,500 in 2000, he then sold a majority
stake to a $118 Million IT company in 2006.
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From: Scott Letourneau
Re: -The Ultimate Joint Venture Boot Camp Training Call with Jim Chianese, the Founder of “The Impatient Entrepreneur”.
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By Scott Letourneau
In this economy leveraging your valuable capital is a must. Most individuals and small business owners have very little if any additional capital. That means you must find creative ways to market with almost no budget. How do you obtain additional customers at no cost to you? That is the million dollar question.
First, you have to work on your relationship skills. I know this part sounds like stuff you might learn in kindergarten but so few business owners do it. These things include returning phone calls the same day ideally, returning emails within 1-2 days. Asking first, how may you help or serve. Follow up on what you say. If you finish a meeting and say you will follow up with an email that afternoon with the steps for that person to take, do it.
If you “forget” because you are unorganized or have a pattern of overpromising, that is an issue. One strategy that I take is after every call I schedule a to-do item on my calendar of what I need to send that person after the call. Many times I am able to do that within 5-10 minutes after the call, but many times there may be 2-3 calls in a row and instead of relying upon my memory for what I am promising, I track it. Remember to say please and thank you. Follow up. Add more value. Over deliver.
Be honest. If you cannot deliver something, tell someone that you cannot do that in a time frame or manor expected. Most will respect you more. Even something as simple as asking, have you heard of ________. Instead of faking that you should know that person, be honest. No, I have not heard of that person. Most people will respect your honesty instead of half faking you know them. I remember hearing one speaker who actually sent out a thank you card to a promoter, BEFORE he speaks. I have always done that after, but not before. I thought that was a great improvement.
For some reason so many seem to skip these basic steps and then they apply the strategies I will teach you next and they conclude they do not work. Most of the times the reason they did not “work” for you is that you did not have these foundational elements in place. Many of you may need to be really honest with yourself and find you need to improve greatly in these little things first.
Let’s discuss the power of the host beneficiary relationship.
The ultimate form of leverage for your business is to find a company, a business or individual who already has the relationships you need access to. They have already spent the time, the money to acquire and keep your ideal customers and clients. They are seen as the trusted advisor in their field. That is true leverage!
The marketing term is called a “host/beneficiary relationship”, popularized by marketing guru, Jay Abraham.
A host beneficiary relationship is where Company A (the host) agrees to let Company B (the beneficiary) deliver a sales message to people who are Company A’s customers or clients.
If you are the beneficiary, you are providing valuable content to the host’s clients in exchange for FREE exposure to their entire list! Many times a host may have a membership site or continuity program and are looking for guests to interview either through a teleseminar or webinar. Many times it is your ability on how you position your product or service to add massive value to the host’s clients.
On the other hand, in growing your own business as the host, you may be looking for other great information, tools, resources that really can help your own clients be more successful. Why wait for your clients to find (if they are likely) the right resources to grow their business or find the consumer resources they need. It may be your responsibility to search out the best resources for your clients or customers and become the host of numerous bonuses, teleseminars, webinars and other ways to brings in beneficiaries to help your clients or customers become more successful. In fact, the revenue share you may experience by being the host may offset your entire marketing budget when done properly!
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The Limited Liability Company (LLC) is a powerful entity that originally started in Wyoming in 1977 and became more popular in the late 1990’s. It is a hybrid between a partnership and corporation. Most are unaware that an LLC can be taxed in four different ways: disregarded, partnership and S or C corporation. The IRS established federal default rules to simplify this determination in 1997. A one member LLC by default will be taxed as a disregarded entity for tax purposes and a two member LLC will be taxed as a partnership for tax purposes.
Now let me share with you 10 LLC secrets that will not only keep you up out of tax trouble but help you better avoid pitfalls down the road.
- Can an IRA invest in an LLC? Yes, but…This is a popular strategy when looking for different investment options for retirement funds. Many are looking to take advantage of the real estate market to invest in and find they do not have the money personally to invest, but their IRA does. This strategy involves moving your IRA to a self directed IRA and the IRS becomes the member of an LLC. In other words, the investment is in the membership interest of the LLC. There are a couple of major issues with this strategy that could create problems with the IRS. First, if you are the manager of the LLC and you are on the LLC checking account that has IRA funds, that means you have “check book control”. There are prohibited transactions in where you can not use that money, but more importantly is that the signer on the account may use the LLC money for personal use which is a big problem and could create serious IRS issues. The second issue centers around who can be the manager of the LLC. Can it be you also? Is that self-dealing? That means you are running the same entity that is owned by the IRA in which you own and that is an issue by the IRS. It appears that having a separate self directed IRA only to own the real estate may be a better approach. You do want to isolate the safe and risk investments also. A resource is Entrust Arizona. You can contact them at 1-480-306-8404.
- What are the advantages of an LLC over an S corporation? Assuming the LLC is taxed as a partnership vs. the S corporation, there are differences. When you capitalize an S corporation, code section 351 allows shareholders to transfer appreciated assets to the corporation tax free. BUT…the shareholder who is transferring the asset MUST own 80% of the S corporation. This is fine if you have a one person corporation, but what if you have a partner? What happens if you own it 50/50? Is it now a taxable event? Yes! How does an LLC taxed as a partnership differ? There is no such rule for an LLC. Transfers are tax free under IRC §721 to an LLC taxed as a partnership. There is no 80% rule. An LLC can rarely lose its status as a partnership for tax purposes, but the S corporation can forfeit the S election, in many ways including having a foreign owner, an owner that is a C corporation….(the S corporation has restrictions on who can be a shareholder. This is especially important when you are looking for investors. The LLC has the charging order protection which offers more protection vs. an S corporation. Yes, you can get the best of both worlds and have an LLC taxed as an S corporation and have the charging order protection (which will be covered in bonus point #12).
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As Much of the world knows, I’m an Advocate for the small business world. In January 2012, 1/27/12 – 1/29/12 I will be holding The Ultimate Joint Venture Boot Camp.
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