Land Business Legal and Tax and Corporate Setup (LA 737)

Land Business Legal and Tax and Corporate Setup (LA 737) Transcript: Steven Butala:                 Steve and Jill here. Jill DeWit:                         Good Day. Steven Butala:                 Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala. Jill DeWit:                         And I'm Jill DeWitt, broadcasting from sunny Southern California. Steven Butala:                 Today Jill and I talk about land, business, legal and tax corporation setup. [crosstalk 00:00:18]. If you listened to our show yesterday, we totally covered this topic, so we're going to change it up a little. Jill DeWit:                         Are we? Steven Butala:                 If you really want to know about land, business, legal and tax, please listen to yesterday's show. It's show 736. Jill DeWit:                         Shoot, I wanted to talk about this more. I really like this topic. Steven Butala:                 I know you love talking about taxes. Jill DeWit:                         Man. I've been waiting for this. Steven Butala:                 We set it all up yesterday. We got into this, we went ... oops, too late. We ran over in time and we decided that we're going to in detail cover today how much mail is too much. Jill thinks you should send out 50,000 letters and just deal with it. Jill DeWit:                         And jam up the system. Steven Butala:                 Jam the system up. Jill DeWit:                         Yeah. Steven Butala:                 Be on the phone all day and so, I completely disagree with that. Jill DeWit:                         Not necessarily. Can we do both, because people are going to be looking for this show. Can we do a little bit of recap and do that too? Steven Butala:                 Sure. We'll recap. I'll recap in just a few sentences your legal situation, how you should set this all up after you've done 10 deals. That's the theme of this week. Jill DeWit:                         Thank you. I'm happy now. Steven Butala:                 Before we get into that, let's take a question posted by, as if this isn't confusing enough. Let's take a question posted by one of our members on the landacademy.com community. It's free. Jill DeWit:                         Isn't that the greatest thing in the world, by the way, when a woman says I'm happy now? Steven Butala:                 It really is. Jill DeWit:                         I'm surprised you didn't stop and go, "Wait, wait." But you can also play this back often if you want. Steven Butala:                 That's a whole different topic. Jill DeWit:                         I'm happy now. Steven Butala:                 What do you think the problem is? Jill DeWit:                         I am happy. Steven Butala:                 That's a lot of women. Jill DeWit:                         Oh, they're unhappy all the time. Steven Butala:                 I know. What is it? Jill DeWit:                         I don't ... that's just their DNA I guess. Steven Butala:                 I know. It's so ... they learned how to do it? Jill DeWit:                         Yeah. Steven Butala:                 They're born that way? Jill DeWit:                         Must be. Yeah. I think there's people that are born that way. They're born that they're just never satisfied. Kind of like you're born high maintenance. I've seen that. Steven Butala:                 You know how we have all this experience buying and selling land and houses and stuff. And we have a show about it? Jill DeWit:                         We do? Steven Butala:                 I secretly- Jill DeWit:                         We do? Steven Butala:                 Yeah. It's a show together. Jill DeWit:                         Oh. Steven Butala:                 Actually, it's just a daily meeting that we have.