Dec. 30, 2025

What are the benefits of CBD for Pets + Legal Structures For Business

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Season 19

Season 19, Episode 76 of The Adventures of Pipeman.

It’s the Positively Pipeman weekly segment of The Adventures of Pipeman.

Chapter 1: What is CBD and what are the benefits? Bill The Pet Health Guru will explain CBD components and how CBD interacts with the body naturally.

Chapter 2: Michael Barbarita of Next Step CFO and Powerful Business Strategies will discuss Legal Structure. When you start a business, selecting your legal structure is one of the first, and most important, decisions you have to make. The structure you choose will have a significant impact on the operation and management of your business, as well as your personal liability as the business owner.

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WEBVTT

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Hi, you have done to censure? Wow crazy you.

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Wake up America.

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It's time for the Adventures of Pipeman on W four

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cy Icon west Poon Beach is number one Internet radio station.

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Here's your host, the Vipe Man.

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This is the pipe Man here on the Adventures pipe

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Man W four c Y Radio. And it's our last

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positively Pipeman segment of two ty twenty five and we

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are going to get some great info about CBD and

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the benefits from none other than the pet health Guru

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Bill PACHOCKI. How are you.

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I'm going forastic It's you know, I can't believe that

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this year is over with. This is the last, last,

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you know, episode for this year. It's like where did

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it go?

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I know, like time keeps flying and flying, you know,

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like it's so weird. The older you get, the faster

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time moves.

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I blink in the day is done, you know, and

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it's like I had a whole list of things to do.

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The day is over and now I'm just I have

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time now to look at the list of what I

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was supposed to do, starting the first thing this morning.

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It's just it's just as you say, and you push

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it to the next day. And it's on top of

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that list, and it's on top of that list, and

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the next thing, you know, it's like, oh it's New

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Year's I don't want to go out. I'm too tired.

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I got all these lists, I still have the work gone.

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It's like, give me a break. But yeah, it's great

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to be here. You know, we've got to have some

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good information on you know, the topic today and you

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know we just go from there.

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Why want to start it off right off the bat

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with CBD? What I want to know what your opinion

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is of what our president recently did to kind of,

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I don't know, loosen the laws of CBD. I think.

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It. I mean he's under it's a policy that needed severe,

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you know changes because most people don't realize the whole

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hemp And of course, on the side note of that,

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the marijuana debate actually stems back to the media back

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in the late say seventeen hundreds, early eighteen hundreds, when

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they outlawed hemp as a crop again government interference. We've

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talked about that on other shows, and basically what it

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started the whole thing was I'm trying to think of

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of his name that had had all the newspapers, and

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the newsprint, of course was done. The paper was made

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with wood, and he invested all his money into growing forests,

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fast growing forces and that sort of thing to make paper.

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And of course George Washington alone with a lot of others,

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their primary crop was hemp, and you could do so

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many things with hemp. But in order for him not

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to lose his investment in trees which take twenty years

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thirty years to grow and harvest, we had an outlaw

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of hemp that they could grow in one season and

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make the same amount of paper a lot of and

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so that's that's how the whole thing started again based

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on money, based on politics. You know, we had to

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protect ourselves and it. You know, hemp was used for

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making material clothing, they can use in building materials making,

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you know, basically what amounts you like, concrete blocks out

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of it. You can build houses with it, so many uses.

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And of course on the other side of it, the

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medicinal use that the food properties of the natural hemp

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products are you know far ex seed, a lot of

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anything that's done on the pharmaceutical side. So we had

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to demonize the whole thing. And of course today it's

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different because of the strains because of selective breeding. Just

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like our tomatoes or cucumbers are broccoli, you know, broccoli

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you can't want to find in a while that was

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that was bred from something else. So the you know,

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the psychedelic part of your will it has been because

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of the selective breeding. But the natural hemp products and

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one of the things is the CBD. What people don't

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understand about CBD is that our body actually makes it.

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It's a natural protector. And then basically an enzyme or

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a you know, botanical that is a protector. And when

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we look at using CBD and that sort of thing,

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why why did we restrict it? If our body makes it?

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How can you do that? I remember whether in college

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we in uh, some of the class work that I

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had to do on cattle because they were still trying

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to eradicate it. Because most of this happened, of course

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in the late you know, eighteen hundreds and the nineteenth

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and the twentieth century, but they were trying to eradicate

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the wild hemp in states like Wisconsin, Michigan, up in

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the up in the you know upper states where the

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school weather because in the fall, the dairy cattle were

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actually becoming stone from eating the wild hemp that was

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growing on in the pastors. And it was it was

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you know, it was just it was just it was

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insane that what they were trying to do. And but

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you know, that's that's what our government does. That's what

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they try to do. That. But the way and most

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of them, even the medical people, don't know how CBD works.

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Like I said, we make it in our own body.

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It basically the way it works is turning on receptor

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cells to basically work to heal things. It works on inflammation.

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You know, our adrenal system. If you cut yourself, the

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adrenal gland kicks in with in a microsecond starts sending

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all kinds of healthy cells, you know, hormones, enzymes, white

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blood cells, red blood cells, and nutrition to that's that

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wound site that start to heal it. And of course

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we couldn't go through the you know the steps there

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where the bleeding stops and then you get to GiB

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and the neck falls off and you got a red

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scar for a while and eventually it all clears up

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depending on what's you know, the timeline is, of course,

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depending on what else you've done to your body. Along

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the way. Well, when that kicks in CBD, the body

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takes the CBD and turns on the receptor site. It

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sends it to that area, turns on receptor site that

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do the same thing. It's sending those same cells, those

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ZME hormones, all of that in the area. It's not

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doing the healing. It's turning on the switch so your

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body can heal itself. And again we go back to

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the same thing. Medical community, the pharmaceutical community wants to

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make money. If the body can make it, it can

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heal it itself. We don't make anything, so let's make

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it illegal. Let's keep it restricted, and therefore we can

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sell you a pharmaceutical that we make a profit on it.

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But it's still not healing you. It's just masking that symptom.

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And it's it's crazy. We keep going into these same topics.

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And you know, I've been doing it, Like I said,

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we've been doing this for eighteen years. How many different

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ways do I have? Can I say, eat the right stuff,

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build your body up the right way, don't put poison

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into it, and you'll be healthy.

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It's you know, it's a very simple formula. You know

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it is it really is.

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The thing is is there's so many components that we

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have no control over, and that's the whole thing. And

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of course when we're looking at CBD oil for instance,

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it's the next track. It's a supplement. Okay. The reason

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where you have to take it is because our natural

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production of it has been diminished again because of the

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poisons we put in our body. And you know, we

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talked on another show about this. That's what at all

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immune is. So it's not you know, the endocannabinoid system

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is being suppressed just like the rest of our systems,

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our kidneys, our liver, our adrenal glands, our brains, you know, Alzheimer's.

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I mean, you know, I can't even remember what data

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this is, but all this stuff is being suppressed because

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of transforming the body into pathways that are not working properly.

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They're all malfunctioning. It's like, you know, you take two

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spark plugs out of your car unless you got a

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Tesla and then you don't have to worry about that,

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but taking too spark plugs out and wondering why the

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body is not working properly, why the car is not

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working properly, And you know, we have to we have

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to optimize that I don't. I don't recommend supplements. For

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the most part, CBD happens to be one that it's

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the only form that we can really get it in.

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You know, we don't use hemp or you know, marijuana

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as a as an ingredient in our salad because we can't.

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We're not even allowed to sell it that way, you know,

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even the medical marijuana. I mean you basically you have

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to smoke it, so you're they're trading. I'm gonna give

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you the benefit of this and I'm gonna ruin your lungs.

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That makes a lot of sense, doesn't it.

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What about but what about edibles?

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Then well, okay, the edibles, even though they're there, they're

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still using the basic oil. So the CBD is coming

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in the form of the oil that's mixed with sugary candies,

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which we call gummies. So again we have you know,

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it's counterintuitive, it's not working the way it should. It's

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always being disguised. We'll give it to you, we'll give

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you this little bit will make it legal, but we're

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also going to make it so it's gonna make you sicker.

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It's not going to have the same benefits.

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I also find it's kind of like mad science now.

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I think they're making stuff stronger. I think they're making

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things to where they're just dumbing us down instead of

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making our health better.

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Well it is, I mean when you realistically what they

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do in the pharmaceutical industry, you know, they mix together

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a bunch of chemicals. Of course it's happening in the

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air and the water and everything else every day. But

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they when they start making it into a formula or

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a recipe, they then test it out and see what

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systems it has an effect on, because those are the

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thing inside effects. They are all effects. And when they

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do this, then okay, I've got this that will mask

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this whatever that's going on in your body. Now we

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have to make a disease that's going to fix the medicine.

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It's not the other way around. We're not making pharmaceuticals

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to fake to pure disease. We're just finding a symptom

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that we don't like, that people don't like, and when

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we find a compound that will mass that, now we

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have a new disease. And you know, the diseases didn't

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exist one hundred years ago. Yeah, you know, of course,

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he did at ninety percent of the food in the supermarket,

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you know, which is not food. That's why I can

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put stuff in the food, in the diet, in the air,

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in the water that's going to create a specific symptom,

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and then at the end of the day, here's a

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here's something that's going to soothe and calm down that

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symptom or hide it. One of my funny story is

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one of my employees yesterday came in and she wasn't

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feeling well. She had upset the stomach, and her analogy was,

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it's like, you know, if you my stomach feels like

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right now, like I had broccoli and sweetcorn, and I said,

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you know, why did you Why would anybody put that

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combination together? You know you're gonna get thick, you know,

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because at either one of them, but you know, those

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are the common food today. So I just thought the

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analogy was really really funny. You know that she's still

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thinking those are foods and she works for me. It's like,

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I've got the only you know, my Paleo pet is

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basically a health store. Today, I've got I've got the

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worst health store in the world because my own employees

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are always sick because they don't even follow their own advice,

213
00:13:25.440 --> 00:13:27.679
which is what the problem is with most people. So

214
00:13:27.759 --> 00:13:32.519
they're looking for something that's going to cure everything, and

215
00:13:32.600 --> 00:13:36.000
that's where CBD sometimes, uh, they put in that place

216
00:13:36.600 --> 00:13:39.120
because it just kind of numbs the whole body. You know,

217
00:13:39.159 --> 00:13:42.480
it's reducing down the inflammation. And if you stop and

218
00:13:42.600 --> 00:13:46.120
think about that, it's working on inflammation. How much inflammation

219
00:13:46.200 --> 00:13:48.240
do you have to have in your body where your

220
00:13:48.279 --> 00:13:54.600
whole body feels different? You know, Wow, that's the issue.

221
00:13:54.759 --> 00:13:56.919
We will give in so many inflammatories all the time

222
00:13:57.559 --> 00:14:00.480
that the body has got to work extra hard and

223
00:14:01.120 --> 00:14:03.120
they can't keep up with the natural production of CBD.

224
00:14:03.279 --> 00:14:05.639
So we have to we have to supplement it. And

225
00:14:05.759 --> 00:14:07.279
like I said, the FORMU that they allow us to

226
00:14:07.360 --> 00:14:11.919
do it in again, it's control. It's all about control.

227
00:14:12.799 --> 00:14:18.080
So what happened between reefer madness where oh my god,

228
00:14:18.279 --> 00:14:21.080
it's the worst thing in the world and now it's

229
00:14:21.159 --> 00:14:22.240
the best thing in the world.

230
00:14:24.200 --> 00:14:28.000
Part of it in the political arena is the tearing

231
00:14:28.080 --> 00:14:32.399
down of the what they refer to is a deep state,

232
00:14:32.480 --> 00:14:36.000
but also it's it's where it's the goal of the

233
00:14:36.039 --> 00:14:40.120
government is not to protect the people anymore. It's there

234
00:14:40.240 --> 00:14:43.919
to protect the elites, keep us dumbing down, dumbing down,

235
00:14:44.080 --> 00:14:46.360
being sicker and sicker. You know, I hear it all

236
00:14:46.399 --> 00:14:48.720
the time. You know, they're trying to kill us all. No,

237
00:14:48.879 --> 00:14:52.559
they're not, because when you're dead, you don't pay taxes. Yeah,

238
00:14:53.639 --> 00:14:55.639
they just want you sick enough so that you can

239
00:14:55.720 --> 00:14:58.799
pay off. You could buy the drugs and pharmaceuticals and

240
00:14:58.879 --> 00:15:04.039
the medications and never get ahead, you know, never figure

241
00:15:04.039 --> 00:15:07.639
out the answers and there's still still your money along

242
00:15:07.679 --> 00:15:09.919
the way, just through a different entrance way.

243
00:15:11.360 --> 00:15:15.080
Wow. So tell everybody how they could get on the

244
00:15:15.120 --> 00:15:18.320
whold of you the pet health guru, find out more

245
00:15:18.399 --> 00:15:23.840
about CBD and the benefits and where to get CBD

246
00:15:24.120 --> 00:15:27.120
because like, there's so many people making CBD out there,

247
00:15:27.879 --> 00:15:30.080
How do you know what's good CBD and what's not

248
00:15:30.240 --> 00:15:30.919
good CBD?

249
00:15:31.639 --> 00:15:34.200
That that it's so true. I mean, obviously they can

250
00:15:34.240 --> 00:15:40.080
come to my Paleo pat and there we work with

251
00:15:40.240 --> 00:15:42.960
I'll complete our suppliers to make sure that it's available.

252
00:15:44.840 --> 00:15:47.360
But on the other side of that, uh, and that

253
00:15:47.480 --> 00:15:52.240
would be at the store itself, so you know, you'd

254
00:15:52.279 --> 00:15:53.879
have to go and talk to the counselors there. But

255
00:15:54.000 --> 00:15:56.759
it's never but even with using CBD, it's not about

256
00:15:56.799 --> 00:15:59.159
one thing, because you have to still support the body.

257
00:15:59.240 --> 00:16:05.720
Clean the body detops to include good clean food, water, herbals, botanicals,

258
00:16:05.799 --> 00:16:07.720
things of that nature that are going to clean out

259
00:16:07.799 --> 00:16:12.200
the system and work synergistically as a whole system. The

260
00:16:12.279 --> 00:16:14.879
body is a whole system. We have to support and

261
00:16:14.960 --> 00:16:17.919
clean every single part of it every single day. I mean,

262
00:16:17.960 --> 00:16:19.799
I just walked the dog this morning and I look

263
00:16:19.840 --> 00:16:21.960
up at the sky and there's the chemtrails again, which

264
00:16:21.960 --> 00:16:26.120
I supposedly banned in the state of Florida. But they

265
00:16:26.159 --> 00:16:28.879
can only ban the stuff that is being done by

266
00:16:30.320 --> 00:16:34.440
being supplied in the state itself. The Department of Defense,

267
00:16:34.679 --> 00:16:37.399
the federal government overrides it so they send over their

268
00:16:37.440 --> 00:16:40.200
planes instead. Same people are making the same amount of money.

269
00:16:40.320 --> 00:16:43.360
But it's uh. You know, if you go on to

270
00:16:43.600 --> 00:16:46.399
pet House Cafe my podcast, you'll get a lot more

271
00:16:46.480 --> 00:16:49.240
information on the things that you can do that will

272
00:16:49.320 --> 00:16:53.039
support that cleansing, that healing process. That's what it's about.

273
00:16:53.279 --> 00:16:57.679
It's about healing, not about medicating. And you know, I

274
00:16:57.759 --> 00:17:00.480
know that you've had your health challenges. It's something you

275
00:17:00.519 --> 00:17:02.320
have to work on every single day. We talked about

276
00:17:02.320 --> 00:17:04.440
that a podcasts do Hey.

277
00:17:04.440 --> 00:17:08.160
Listen, if you spend your whole life poisoning your body,

278
00:17:08.240 --> 00:17:10.240
it's not going to be healed in two seconds.

279
00:17:10.640 --> 00:17:14.279
No, it takes It takes time. We don't even realize it.

280
00:17:14.359 --> 00:17:17.240
We're working one cell at a time and we have

281
00:17:17.319 --> 00:17:19.079
to get rid of the ones that are already bad.

282
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We have to produce new ones that are completely healthy.

283
00:17:22.160 --> 00:17:24.599
And that's a process of itself, because a lot of

284
00:17:24.640 --> 00:17:27.920
them have started to mutate and change to where they

285
00:17:28.000 --> 00:17:33.839
don't function properly because there's still residual chemicals, toxins and

286
00:17:35.160 --> 00:17:38.480
malformations things of that that have to be worked through.

287
00:17:39.240 --> 00:17:42.000
And as you know, it's like ourselves, you know, our body.

288
00:17:42.400 --> 00:17:44.240
Our kids are going to look different than us because

289
00:17:44.519 --> 00:17:47.440
the cells have manifested themselves in a different way. Those

290
00:17:47.680 --> 00:17:50.720
cells inside your body, the mightyochondria, have to do the

291
00:17:50.799 --> 00:17:54.359
same thing. They're you know, their their lifespan might only

292
00:17:54.440 --> 00:17:59.079
be like got our skin cells. Of course, they replicate

293
00:17:59.160 --> 00:18:02.799
themselves every to six weeks, so you've got generation after

294
00:18:02.920 --> 00:18:06.000
generation and like things like age spots and you know,

295
00:18:06.200 --> 00:18:09.240
scars and stuff like that can heal over time, but

296
00:18:09.359 --> 00:18:11.799
it sometimes takes years for even that to happen.

297
00:18:12.440 --> 00:18:16.160
Yeah, you know, so we have to be patient.

298
00:18:16.559 --> 00:18:18.400
We have to let the body do the work itself.

299
00:18:18.480 --> 00:18:22.359
That's the only way that the body is designed to

300
00:18:22.880 --> 00:18:26.440
regenerate itself every single day. And I had a conversation

301
00:18:26.480 --> 00:18:28.759
with a client yesterday morning, and it's like, she's afraid

302
00:18:28.839 --> 00:18:31.279
she's got she's got a mild heart murmur. Well, I

303
00:18:31.279 --> 00:18:33.519
don't see how the body can rebuild that. I said, well,

304
00:18:33.599 --> 00:18:37.200
it's replacing. If you replace every cell, if you're replacing

305
00:18:37.240 --> 00:18:40.279
it with a good, clean, healthy cell, that problem is

306
00:18:40.279 --> 00:18:42.200
going to go away. But it's not going to go away.

307
00:18:42.240 --> 00:18:45.039
You know. Ourt cells take sometimes a year, two years,

308
00:18:45.079 --> 00:18:48.359
three year, which one it is, and it's not all

309
00:18:48.440 --> 00:18:48.759
the same.

310
00:18:49.279 --> 00:18:49.400
Uh.

311
00:18:49.519 --> 00:18:51.359
You know, it's like liver and kidney disease. You know,

312
00:18:51.440 --> 00:18:54.440
you can actually replace your kidney by your body doing

313
00:18:54.480 --> 00:18:57.440
the work itself, not poisoning it more. In four months,

314
00:18:57.759 --> 00:19:01.400
you don't have to have transplant surgery. And you know,

315
00:19:02.000 --> 00:19:04.359
when you look at a benefit of something like the

316
00:19:05.279 --> 00:19:10.480
CBD product, because that liver is inflamed. If you take

317
00:19:10.519 --> 00:19:12.119
it on a regular basis, we're going to send the

318
00:19:12.200 --> 00:19:15.319
right nutrition to that area and the right cell so

319
00:19:15.400 --> 00:19:18.599
that it will speed up the healing process. The healing

320
00:19:18.720 --> 00:19:22.880
mechanism rather than being a therapeutic.

321
00:19:24.920 --> 00:19:30.039
Well, you're always a wealth of information, and we wrapped

322
00:19:30.119 --> 00:19:33.559
up this year pretty well with the Pet Health Guru

323
00:19:34.119 --> 00:19:38.359
because this is a very important thing. And I think people,

324
00:19:39.000 --> 00:19:41.759
if you're gonna look into CBD, you gotta go to

325
00:19:41.799 --> 00:19:44.839
the right places, because there's some wrong places. So definitely

326
00:19:44.960 --> 00:19:47.960
check out my Palaeo Pat, check out the Pet Health

327
00:19:48.039 --> 00:19:52.960
Cafe podcast and live show, and hey, have a happy

328
00:19:53.039 --> 00:19:55.200
New Year, Bill and we'll see you next year on

329
00:19:55.319 --> 00:19:58.400
the Positively pipe Man segment of the Adventures of Pipe Man.

330
00:19:59.039 --> 00:20:01.440
It sounds great, Happy New Year, New YouTube.

331
00:20:02.400 --> 00:20:05.920
The Sonic Temple Art and Music Festival returns May fourteen

332
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335
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336
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338
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339
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340
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341
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342
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343
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344
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345
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All are down and welcome to Rockville dot com.

346
00:21:06.920 --> 00:21:09.599
Hi you have done too sure?

347
00:21:11.319 --> 00:21:14.839
Wow, Gray Young.

348
00:21:21.920 --> 00:21:24.079
This is the pipe Man here on the Adventures pipe

349
00:21:24.119 --> 00:21:26.839
Man W four c Y Radio, where weekly we have

350
00:21:27.079 --> 00:21:31.440
the Positively Pipeman segment and we feature in that segment

351
00:21:32.000 --> 00:21:36.400
powerful business strategies from Michael Barbarita. So let's welcome Michael

352
00:21:36.480 --> 00:21:41.000
to the show once again. How are you doing great?

353
00:21:41.079 --> 00:21:41.279
Well?

354
00:21:41.680 --> 00:21:43.559
I want to I want to apologize. Last week I

355
00:21:43.599 --> 00:21:44.839
didn't wish you merry Christmas.

356
00:21:45.519 --> 00:21:49.400
Oh yeah, well I'm Jewish, So a couple of weeks

357
00:21:49.440 --> 00:21:51.640
ago you missed wishing me a happy Hanukkah.

358
00:21:52.039 --> 00:21:52.559
They see that.

359
00:21:53.440 --> 00:21:55.119
There you go, That's what I missed.

360
00:21:58.880 --> 00:21:59.279
There you go.

361
00:21:59.519 --> 00:22:01.519
But I'm gonna ish you happy to yet coming up.

362
00:22:01.640 --> 00:22:03.359
So I can't believe the year is over.

363
00:22:03.960 --> 00:22:06.799
It's just had to believe how they go quicker every

364
00:22:06.960 --> 00:22:10.359
single year, like it's it just amazes me, wasn't it

365
00:22:10.559 --> 00:22:13.960
just January. Yeah, I Got'm confused.

366
00:22:15.160 --> 00:22:21.240
It's really amazing, but yes, So today I'm going to

367
00:22:21.319 --> 00:22:25.119
talk about legal structure and business structure because when you

368
00:22:25.240 --> 00:22:28.440
start a business, selecting your legal structure is you know,

369
00:22:28.599 --> 00:22:31.880
a billion. It's an important decision because the structure you

370
00:22:32.000 --> 00:22:36.079
choose will have a significant impact on the business operation itself,

371
00:22:36.160 --> 00:22:38.920
the management of your business, as well as taxes and

372
00:22:39.039 --> 00:22:42.359
personal liability as the business owner. And I'm not a lawyer,

373
00:22:42.519 --> 00:22:45.759
as you all know so, and I don't pretend to

374
00:22:45.799 --> 00:22:49.960
be one here on the radio, but I do want

375
00:22:50.000 --> 00:22:54.720
to talk about legal structures as to my understanding of

376
00:22:54.839 --> 00:22:57.240
them and the best way to utilize them.

377
00:22:57.480 --> 00:23:00.799
It is important that most people do not understand them.

378
00:23:00.880 --> 00:23:03.799
There are a variety of choices and most a lot

379
00:23:03.839 --> 00:23:05.480
of people make the wrong choice.

380
00:23:06.000 --> 00:23:10.319
Right, And so the the the three there's three as

381
00:23:10.400 --> 00:23:14.880
I see it, there's three basic entities. There's your sole proprietorship,

382
00:23:15.000 --> 00:23:18.039
there's a corporation and a partnership. So let's focus just

383
00:23:18.119 --> 00:23:20.759
on those three. And of course there's different forms of

384
00:23:20.880 --> 00:23:24.359
a corporation, there's different forms of a partnership, but let's

385
00:23:24.440 --> 00:23:26.279
talk about them one at a time. So a sole

386
00:23:26.400 --> 00:23:33.480
proprietorship is actually a business formation that does not protect

387
00:23:33.559 --> 00:23:38.039
you from personal liability. However, the use of a sole

388
00:23:38.119 --> 00:23:42.000
proprietorship comes in most effectively is when you're just starting

389
00:23:42.079 --> 00:23:45.240
your business and you're seeing if it's gonna work out.

390
00:23:46.359 --> 00:23:49.200
Because if you're just starting a business, you're under the

391
00:23:49.400 --> 00:23:53.000
you're under the lawsuit radar for the for the most part,

392
00:23:53.559 --> 00:23:56.119
you know, you're just starting out, and so instead of

393
00:23:56.200 --> 00:23:58.720
incurring all the costs of setting up a corporation or

394
00:23:58.720 --> 00:24:01.599
a partnership, you just want to test out your business

395
00:24:01.640 --> 00:24:03.640
to see if it's gonna be something you're gonna stay with.

396
00:24:04.240 --> 00:24:06.440
See if it's something it's you know, that's gonna work

397
00:24:06.519 --> 00:24:08.880
for you, it's not to make money, and if it is,

398
00:24:09.039 --> 00:24:10.799
then you's stop. Then you have to get out of

399
00:24:10.880 --> 00:24:17.079
that structure because that structure affords absolutely no personal liability protection.

400
00:24:18.440 --> 00:24:20.599
It's you know, if so if somebody.

401
00:24:21.039 --> 00:24:23.440
And higher taxes, higher tax right.

402
00:24:23.400 --> 00:24:26.359
And higher taxes as well. Because it's all on your

403
00:24:26.400 --> 00:24:31.359
personal tax return, there is no flexibility as there is

404
00:24:31.519 --> 00:24:35.200
with other structures. So, uh, you know you're gonna pay

405
00:24:35.240 --> 00:24:39.480
self employment tax, You're gonna pay uh, you're gonna pay

406
00:24:39.480 --> 00:24:42.839
the regular income tax. In addition to that, self employment

407
00:24:42.920 --> 00:24:47.240
tax is fifteen point roughly fifteen point four percent. Uh,

408
00:24:47.720 --> 00:24:50.880
you're paying where as an employee, you only pay half

409
00:24:50.960 --> 00:24:53.400
of that. The other half is paid by the employer.

410
00:24:53.640 --> 00:24:56.279
And since your sole proprietorship, you're considered an employer, and

411
00:24:56.359 --> 00:25:00.160
that's why you're paying fifteen point four Yeah, but the

412
00:25:00.319 --> 00:25:03.400
only way I recommend sole proprietorships is if you're just

413
00:25:03.480 --> 00:25:05.480
starting the business, you don't know if it's gonna go

414
00:25:05.960 --> 00:25:10.119
north or south, and you're under the legal radar. You're

415
00:25:10.160 --> 00:25:13.079
not taking a lot of risk. You know, You're not like,

416
00:25:13.200 --> 00:25:16.839
for example, you're not giving what are they called when

417
00:25:16.880 --> 00:25:22.839
you they put they imprint the skin? What is that

418
00:25:22.960 --> 00:25:23.839
called tattoo?

419
00:25:24.119 --> 00:25:24.599
You're not doing it.

420
00:25:24.640 --> 00:25:27.359
You're not a tattoo paala all right, because if you while,

421
00:25:27.440 --> 00:25:30.960
that would probably present itself with a liability even for

422
00:25:31.039 --> 00:25:34.640
your first customer. So, but for the most part, you're

423
00:25:34.720 --> 00:25:37.799
under the radar, then a sole proprietorship is probably your

424
00:25:37.880 --> 00:25:41.480
best choice until you start saying, you know what I'm

425
00:25:41.519 --> 00:25:44.559
gonna I'm committed to this business. Now I'm gonna I

426
00:25:44.920 --> 00:25:48.160
can see myself making money in it. It's a profitable venture.

427
00:25:48.759 --> 00:25:53.880
Now it's time to start to look into probably a corporation.

428
00:25:54.480 --> 00:25:57.599
And I'm also a big believer and you might agree,

429
00:25:57.720 --> 00:26:00.960
might not, that it should never be a sole prop.

430
00:26:01.359 --> 00:26:04.240
There are other ways to do it as a sole

431
00:26:04.400 --> 00:26:08.240
prop without the liability, you know, and you can always

432
00:26:08.319 --> 00:26:12.839
switch later. For instance, if you do a single member LLC. Right,

433
00:26:13.119 --> 00:26:16.240
that's basically a sole prop but without the liability.

434
00:26:16.759 --> 00:26:18.000
Right, No, that's right.

435
00:26:18.519 --> 00:26:21.279
Is exactly that, the single member LLC is a sole

436
00:26:21.359 --> 00:26:25.279
proprietorship without the liability. But you are paying that, you know,

437
00:26:25.359 --> 00:26:27.640
you are paying that self employment tax, so it's not

438
00:26:28.319 --> 00:26:31.359
in full. So it's not really that that kind of

439
00:26:31.440 --> 00:26:37.000
as favorable as structure. But but it is a liability protection.

440
00:26:37.160 --> 00:26:40.119
So if I was a tattoo poll, that's exactly how

441
00:26:40.119 --> 00:26:42.440
I would set it up. But once again, I'm paying

442
00:26:42.480 --> 00:26:45.559
a five hundred dollars annual fee. I'm paying, I'm you know,

443
00:26:45.680 --> 00:26:47.599
you know, I'm paying for an extra schedule in my

444
00:26:47.720 --> 00:26:50.559
tax return. Well, actually you're not. No, you're gonna be

445
00:26:50.599 --> 00:26:52.960
paying You're gonna you're gonna have the extra schedule anyway,

446
00:26:53.119 --> 00:26:55.519
but you're gonna be paying that that the membership fee,

447
00:26:55.559 --> 00:26:57.119
and you're gonna have to hire a lawyer to get

448
00:26:57.160 --> 00:27:00.279
to develop that and so that if you I'm not

449
00:27:00.480 --> 00:27:03.680
really sure if your business is gonna fly, that's when

450
00:27:03.759 --> 00:27:07.039
I that's when I do recommend a sole proprietorship. But

451
00:27:07.119 --> 00:27:10.799
you're right, you can eliminate the personal liability to be

452
00:27:11.160 --> 00:27:12.759
a single member LLC.

453
00:27:13.839 --> 00:27:16.160
I'm just a believer that I'll spend the money to

454
00:27:16.240 --> 00:27:18.839
begin with to protect my liability because it only takes

455
00:27:18.920 --> 00:27:20.680
one one lawsuit.

456
00:27:20.960 --> 00:27:21.720
And that's right.

457
00:27:22.200 --> 00:27:24.200
You know it was worth paying whatever you had to

458
00:27:24.240 --> 00:27:25.400
pay to avoid.

459
00:27:25.160 --> 00:27:30.839
That's right, And that's very true. And so a corporation, though,

460
00:27:30.960 --> 00:27:35.599
is that next step that gives you the liability protection,

461
00:27:36.200 --> 00:27:39.160
plus it can give you some tax what I'm gonna

462
00:27:39.160 --> 00:27:43.079
call tax flexibility. So first of all, there are three

463
00:27:43.880 --> 00:27:47.119
There are two types of corporations, and then there's the LLC.

464
00:27:47.400 --> 00:27:51.240
And I'll explain. You have an S corporation, a sub

465
00:27:51.319 --> 00:27:55.200
chapter S corporation, which in my opinion, is the most

466
00:27:55.279 --> 00:27:58.359
favorable structure from a tax standpoint and gives you the

467
00:27:58.440 --> 00:27:59.720
liability protection.

468
00:27:59.519 --> 00:28:02.720
At the same time time, especially if you're a small business.

469
00:28:02.799 --> 00:28:03.799
Right, that's right.

470
00:28:03.880 --> 00:28:09.680
And a C corporation is really I believe to be

471
00:28:09.880 --> 00:28:14.839
unfavorable because there's double taxation. It's very difficult to sell

472
00:28:15.039 --> 00:28:22.200
a C corporation and it's it's it's only utilized in

473
00:28:22.359 --> 00:28:26.319
rare cases for a small business. And I can tell

474
00:28:26.359 --> 00:28:28.759
you I made the mistake back in nineteen eighty four

475
00:28:28.960 --> 00:28:32.119
to be a C corporation and I had to do

476
00:28:32.519 --> 00:28:35.000
a lot of work to get out of it and

477
00:28:36.400 --> 00:28:40.079
turn myself into an S which ended up being favorable.

478
00:28:40.119 --> 00:28:44.119
But it's it's it's a lot of work, time, energy, efforts, expense.

479
00:28:44.640 --> 00:28:46.720
You might as well be an S corporation right off

480
00:28:46.799 --> 00:28:51.359
the bat. Now, an S corporation is called a pass

481
00:28:51.440 --> 00:28:55.359
through entity, which means the profit gets passed through to

482
00:28:55.960 --> 00:29:00.240
the business owner's personal tax return and gets taxed at

483
00:29:00.279 --> 00:29:05.440
the business owners uh uh individual tax rate.

484
00:29:06.480 --> 00:29:08.160
So that you know that.

485
00:29:08.480 --> 00:29:10.920
So, but the beautiful thing about that is is that

486
00:29:11.279 --> 00:29:15.079
that profit of the S corporation is not subject to

487
00:29:16.079 --> 00:29:20.480
unemployment tax or self employment tax. I should say it's not.

488
00:29:20.720 --> 00:29:23.240
It's not seven to self employment tax. And as a result,

489
00:29:23.720 --> 00:29:26.839
you can actually by managing it properly, it's going to

490
00:29:26.880 --> 00:29:31.319
be managed. This flexibility, the flexibility has to be managed,

491
00:29:31.359 --> 00:29:34.440
and by managing it properly, you can reduce your tax

492
00:29:34.559 --> 00:29:38.240
liability with that sub SUBS corporation. Now you have to

493
00:29:38.279 --> 00:29:40.960
remember that a sub court an s coop, you have

494
00:29:41.240 --> 00:29:43.799
to have a reasonable salary. You have to make a

495
00:29:43.880 --> 00:29:49.720
reasonable salary and be on the payroll. Otherwise you're abusing uh,

496
00:29:50.039 --> 00:29:53.559
the U S corporation's advantages.

497
00:29:53.079 --> 00:29:55.400
And that and that's where you that's where you appeerce

498
00:29:55.480 --> 00:29:58.319
to the corporate vail and you are personally liable if

499
00:29:58.359 --> 00:29:58.920
you don't do that.

500
00:29:59.440 --> 00:30:03.440
That's right, because what happens is is you have to

501
00:30:03.519 --> 00:30:06.160
make sure that when you're a corporation, whether it's an

502
00:30:06.240 --> 00:30:08.680
S corporate or C corp, that you have to be

503
00:30:08.759 --> 00:30:14.480
piduciarily responsible in every way so that the course can

504
00:30:14.599 --> 00:30:19.079
clearly see that there's two entities, the corporation and the person.

505
00:30:19.440 --> 00:30:22.079
If you don't separate that, if you co mingle funds

506
00:30:22.119 --> 00:30:25.440
and do all that nonsense, that a good lawyer is

507
00:30:25.480 --> 00:30:26.680
going to break the corporate veil.

508
00:30:27.200 --> 00:30:29.279
Yeah, and you're going to get in no trouble totally.

509
00:30:29.400 --> 00:30:31.799
So you've got to be really diligent about the management

510
00:30:31.839 --> 00:30:35.400
of a subs corporation or YESC corporation, by the way.

511
00:30:36.160 --> 00:30:39.160
And a perfect example of that is which people wouldn't

512
00:30:39.160 --> 00:30:42.079
even think of. If you pay one of your vendors

513
00:30:42.200 --> 00:30:45.720
with personal credit card, you have just pierced to corporate veil.

514
00:30:46.119 --> 00:30:46.519
That's right.

515
00:30:47.079 --> 00:30:50.079
The an opposing attorney will have a field day with

516
00:30:50.160 --> 00:30:54.319
that one. Yeah, yeah, because you're being the same person.

517
00:30:54.640 --> 00:30:58.279
The key is to make the corporation separate from the individual.

518
00:30:58.680 --> 00:30:58.839
Yes.

519
00:30:59.799 --> 00:31:03.240
And so then there's this thing called an LLC, which

520
00:31:03.279 --> 00:31:05.880
is a limited liability company, which we've already touched upon.

521
00:31:06.400 --> 00:31:09.920
You could be a single member LLC. You could be

522
00:31:10.000 --> 00:31:13.839
a partnership and and have it and have and be

523
00:31:13.960 --> 00:31:16.880
an LLC, but you're going to be taxed as a partnership.

524
00:31:16.960 --> 00:31:19.640
See the LLC. You can be taxed in a variety

525
00:31:19.640 --> 00:31:23.079
of ways. You could be an S corporation in an LLC,

526
00:31:23.200 --> 00:31:25.839
which I don't recommend, and and that way your tax

527
00:31:26.000 --> 00:31:28.880
is an S corporation. You could be an LLC and

528
00:31:28.960 --> 00:31:33.440
a sole proprietor and that is when that's protecting you

529
00:31:33.519 --> 00:31:36.279
from the personal liability side. But you're being taxed on

530
00:31:36.359 --> 00:31:40.079
your individual tax return, and then you'd be you could

531
00:31:40.119 --> 00:31:43.559
be a partnership taxes I'm sorry, an LLC tax is

532
00:31:43.599 --> 00:31:47.400
a partnership. So an LLC gives you the flexibility of

533
00:31:47.519 --> 00:31:51.039
being taxed in different ways. Yeah, all right, So that

534
00:31:51.319 --> 00:31:55.319
that's the advantage of it of an LLC. My favorite,

535
00:31:55.519 --> 00:31:58.319
my favorite structure is still an S corporation because it

536
00:31:58.400 --> 00:32:02.119
gives you the most flexibility from a tax standpoint, and

537
00:32:02.240 --> 00:32:04.960
I call it flexibility. It doesn't eliminate tax, but it

538
00:32:05.000 --> 00:32:10.440
gives you flexibility because of the profit from the S

539
00:32:10.559 --> 00:32:14.000
corporation is not subject to self employment tax.

540
00:32:15.480 --> 00:32:17.480
So given all these.

541
00:32:17.359 --> 00:32:20.400
Structures, my favorite, and of course that's what my company is,

542
00:32:22.000 --> 00:32:25.200
is an S corporation. But like Dean said, you have

543
00:32:25.319 --> 00:32:28.519
to be very diligent when you're a corporation. Otherwise, if

544
00:32:28.519 --> 00:32:32.160
you're commingling funds, you're using personal credit cards, all of

545
00:32:32.240 --> 00:32:35.960
that nonsense that you're gonna look like a you're gonna

546
00:32:36.000 --> 00:32:38.799
look like the corporation and the individual is one of

547
00:32:38.839 --> 00:32:42.039
the same, and you're gonna lose every lawsuit with with

548
00:32:42.240 --> 00:32:45.559
a with a reasonable competent attorney on the other side.

549
00:32:46.440 --> 00:32:48.759
And a lot of people do okay because they don't

550
00:32:48.839 --> 00:32:52.559
understand this. They set up an S corp and then

551
00:32:52.599 --> 00:32:56.640
they pay all their personal bills through the S corpse

552
00:32:56.720 --> 00:33:00.559
so they can quote unquote, you know, bring down their income.

553
00:33:01.599 --> 00:33:07.640
But again, your deductions are not your personal bills. That

554
00:33:09.200 --> 00:33:13.480
improper taxation that is deemed income. So if you have

555
00:33:15.039 --> 00:33:20.799
your personal home rent, let's say, without using home home deductions,

556
00:33:20.880 --> 00:33:25.359
which I never recommend anyway, but uh, you know you

557
00:33:25.559 --> 00:33:29.240
are going to You have just pierced to corporate veil,

558
00:33:29.839 --> 00:33:33.599
and it looks like you're just trying to take advantage

559
00:33:33.680 --> 00:33:38.880
using the ses corp to avoid paying taxes by getting

560
00:33:38.960 --> 00:33:44.559
deductions you would never get. Yeah, okay, and so yeah,

561
00:33:45.400 --> 00:33:49.279
this was sometow I was taught very early, like eighteen

562
00:33:49.400 --> 00:33:53.160
years old, like, no matter what, do not commingle and

563
00:33:53.240 --> 00:33:57.480
what commingling means. Some people think commingling just means commingling

564
00:33:57.559 --> 00:34:00.680
the money. That's why I brought up the the concept

565
00:34:00.759 --> 00:34:03.839
of the personal credit cards, because it's not just commingling

566
00:34:03.920 --> 00:34:07.680
the money, it's actually using the corporation to fund your

567
00:34:07.759 --> 00:34:08.960
personal lifestyle.

568
00:34:09.639 --> 00:34:13.639
And big no, big no no, You're gonna get nailed

569
00:34:13.920 --> 00:34:17.599
and all the value that the corporation has to protect

570
00:34:17.679 --> 00:34:21.119
you is gone. The other the other misknowment people have

571
00:34:21.559 --> 00:34:24.559
is that when they sign a personal guarantee for a loan,

572
00:34:25.119 --> 00:34:28.360
even if it's a sebass corporation, it's still personally liable

573
00:34:28.440 --> 00:34:33.039
on that when you the corporation protects you from personal

574
00:34:33.119 --> 00:34:38.719
liability from the outside. But if you're signing away, You're right,

575
00:34:39.159 --> 00:34:42.679
and and and becoming personally liable for a bank loan

576
00:34:42.840 --> 00:34:43.559
or a lease.

577
00:34:43.519 --> 00:34:45.199
Or even a vendor. Uh.

578
00:34:45.360 --> 00:34:47.800
That makes you sign personal guarantees, which I'd be very

579
00:34:47.880 --> 00:34:51.679
cautious about, by the way. Uh, that just you are

580
00:34:51.880 --> 00:34:55.599
personally liable regardless of what kind of structure you have

581
00:34:56.199 --> 00:34:58.119
when you sign a personal guarantee.

582
00:34:58.119 --> 00:35:00.519
I was taught that too a young age. Don't ever

583
00:35:00.639 --> 00:35:03.559
sign a personal guarantee. What's the what's the point of

584
00:35:03.719 --> 00:35:08.800
getting a business loan if you're going to sign personal guarantee.

585
00:35:10.960 --> 00:35:13.800
Theoretically, there's no point. The problem is is that banks

586
00:35:13.880 --> 00:35:17.239
are just being real difficult these days and requiring it

587
00:35:17.400 --> 00:35:20.000
on everything. And when business owners need a line of credit,

588
00:35:20.920 --> 00:35:21.119
you know.

589
00:35:21.199 --> 00:35:24.719
That's the unfortunate part because they are requiring more now

590
00:35:24.840 --> 00:35:27.880
than ever. Because ever, yeah, it was never a case

591
00:35:28.039 --> 00:35:31.639
back and back in the day, and now like it

592
00:35:32.039 --> 00:35:36.920
defeats the whole purpose of having corporation. It's personal guarantee.

593
00:35:37.719 --> 00:35:40.440
It does, it does, but at least it limits you know,

594
00:35:40.599 --> 00:35:42.800
the outside suit lawsuits.

595
00:35:42.920 --> 00:35:43.920
But that's true.

596
00:35:44.000 --> 00:35:46.559
But but you know, but but but on the other hand,

597
00:35:46.599 --> 00:35:50.000
you're right, Uh, you know, people sign away. I you

598
00:35:50.079 --> 00:35:53.400
know that I have clients that have personal guarantees with

599
00:35:53.639 --> 00:35:56.159
vendors that are thirty years old, and I'm telling them

600
00:35:56.199 --> 00:35:59.159
to go back and get that personal guarantee and rip

601
00:35:59.199 --> 00:36:04.480
it up because you know, if something happens, you know,

602
00:36:04.519 --> 00:36:07.159
imagine being loyal to a vendor for thirty years and

603
00:36:07.239 --> 00:36:09.119
then they go after you personally because they got this

604
00:36:09.239 --> 00:36:11.639
personal guarantee and you're happen to hit the ruck patch.

605
00:36:12.199 --> 00:36:16.719
I mean, it's just scary. So you know, you're never

606
00:36:16.840 --> 00:36:23.280
signed personal guarantees. Really now applies with exclamation points to

607
00:36:23.480 --> 00:36:26.719
suppliers who try to get them when especially when you're

608
00:36:26.760 --> 00:36:27.559
just starting out.

609
00:36:27.760 --> 00:36:30.480
Well, like you're talking about the banks and credit and stuff.

610
00:36:31.519 --> 00:36:35.039
To me, you know, it's like, if you're going to

611
00:36:35.119 --> 00:36:37.239
sign personal guarantee, you just might as well get the

612
00:36:37.320 --> 00:36:42.000
credit personally. Because here's the problem people don't think about.

613
00:36:42.360 --> 00:36:46.119
If you're getting a business loan based on your done

614
00:36:46.199 --> 00:36:51.119
in Bradstreet score and you do a personal guarantee, you

615
00:36:51.239 --> 00:36:54.440
have all the negatives and none of the positives. But

616
00:36:55.000 --> 00:36:58.639
because you're not you're building your business crap, but you're

617
00:36:58.679 --> 00:37:01.360
not building your personal credit. But your personal credit could

618
00:37:01.400 --> 00:37:05.199
get affected negatively. So if you're going to have where

619
00:37:05.400 --> 00:37:08.199
you might get affected negatively on your personal credit, you

620
00:37:08.360 --> 00:37:10.880
might as well get the positive part of it and

621
00:37:11.079 --> 00:37:14.440
have it being a personal credit, so you're getting that

622
00:37:14.679 --> 00:37:17.360
on your credit report. That's my opinion at least, Like

623
00:37:18.480 --> 00:37:22.920
you know, it's a yeah, you don't want to personal

624
00:37:23.039 --> 00:37:26.199
credit for your business, but in the same token, if

625
00:37:26.199 --> 00:37:29.719
you're personally guaranteeing, that means you, pray, basically are without

626
00:37:29.800 --> 00:37:34.400
any of the benefits. In my opinion, Yeah, it's very true.

627
00:37:34.440 --> 00:37:36.639
It's a dangerous it's a dangerous part of being a

628
00:37:36.679 --> 00:37:40.079
business owner of these personal guarantees. That's for Don Shure. Yeah,

629
00:37:40.840 --> 00:37:42.840
you know, you should make sure you have homesteads on

630
00:37:42.880 --> 00:37:47.639
your house and and and all, you know, and maybe

631
00:37:47.960 --> 00:37:50.679
put them put your house into trust. All those types

632
00:37:50.719 --> 00:37:52.480
of things can protect and you should go to a

633
00:37:52.559 --> 00:37:57.599
state attorney or or an attorney to you know, protect

634
00:37:57.639 --> 00:38:01.599
yourself because because if you run into trouble and then

635
00:38:01.639 --> 00:38:05.639
you start protecting yourself, it's it's these are fraudulent conveyances

636
00:38:05.719 --> 00:38:07.840
that occur and you're just going to get into more trouble.

637
00:38:07.960 --> 00:38:12.639
So be proactive and trying to protect your assets, no doubt.

638
00:38:14.079 --> 00:38:16.239
So one of the things I like to offer your audience.

639
00:38:16.760 --> 00:38:22.400
Dean is a workbook called Legal Structures, and it's an

640
00:38:22.400 --> 00:38:26.239
actual implementation workbook to help help the business owner understand

641
00:38:26.280 --> 00:38:28.480
what the best legal structure is and how to go

642
00:38:28.599 --> 00:38:32.000
about it and why and so. In order to get that,

643
00:38:32.079 --> 00:38:34.320
you go to NeXTSTEP CFO dot net. You hit the

644
00:38:34.400 --> 00:38:37.760
contact button, you fill out the contact form, and in

645
00:38:37.880 --> 00:38:41.400
the message box simply put legal Structure workbook and I'll

646
00:38:41.440 --> 00:38:42.719
send that to you free change.

647
00:38:43.639 --> 00:38:46.199
Nice. I love it, and yes, this is a very

648
00:38:46.280 --> 00:38:50.559
important subject. I'm glad we covered it because I can't

649
00:38:50.599 --> 00:38:52.559
tell you how many people I know going to business

650
00:38:52.599 --> 00:38:55.639
and they have no idea about any of this stuff.

651
00:38:55.639 --> 00:38:57.639
I don't even know what makes them think they should

652
00:38:57.639 --> 00:39:00.800
go into business without doing some real search and knowing

653
00:39:00.880 --> 00:39:03.360
your legalities and your liabilities and all that.

654
00:39:03.519 --> 00:39:03.920
But they do.

655
00:39:04.480 --> 00:39:09.360
But they do, and they they they think certain things,

656
00:39:10.559 --> 00:39:14.800
you know, but that's not reality because they it's like

657
00:39:14.880 --> 00:39:17.599
everything nowadays. They talk to their their buddy or like

658
00:39:18.679 --> 00:39:21.440
when somebody posts something on social media and I know

659
00:39:21.559 --> 00:39:23.760
it's not true. I'm like, it's that pure reviewed And

660
00:39:23.880 --> 00:39:25.960
the answer I get is, oh yeah, all my friends

661
00:39:26.000 --> 00:39:30.360
agree with me. No, no, and all your friend agree

662
00:39:30.440 --> 00:39:33.920
with you and your business decisions either because they're not

663
00:39:34.039 --> 00:39:38.039
going to pay the price you will. But thankfully because

664
00:39:38.079 --> 00:39:44.039
of people like you, Michael, people can seek out your expertise,

665
00:39:44.519 --> 00:39:48.880
your assistance so that they don't have to pay the price.

666
00:39:49.559 --> 00:39:53.000
And it's decision is ultimately is the decision is ultimately

667
00:39:53.039 --> 00:39:54.440
as what structure.

668
00:39:54.119 --> 00:39:58.360
That yeah, and how much they want to mention yeah,

669
00:39:58.480 --> 00:40:04.119
and how many want to say exactly. Well, again, it's

670
00:40:04.159 --> 00:40:08.480
been this is great information, especially heading into a new year,

671
00:40:08.679 --> 00:40:14.559
because taxes are coming, okay, and you'd better be in

672
00:40:14.719 --> 00:40:19.039
the right legal structure for that. And so reach out

673
00:40:19.079 --> 00:40:23.239
to Michael, get the free workbook, and you know, see

674
00:40:23.280 --> 00:40:25.679
what Michael can do for you. And once again, Michael,

675
00:40:25.840 --> 00:40:27.880
thanks for being on the Adventures.

676
00:40:27.480 --> 00:40:29.719
Of pipe Man and I wish you happy to you.

677
00:40:30.760 --> 00:40:35.199
Yeah. Matter of fact, I was just gonna say, and

678
00:40:35.320 --> 00:40:38.719
I'll see you next year, all right, excellent, Thank you,

679
00:40:39.400 --> 00:40:40.519
bye bye bye.

680
00:40:41.400 --> 00:40:45.519
Thank you for listening to the Adventures of Patemin.

681
00:40:46.159 --> 00:40:49.599
I'm w for CUI Radio.