S5E7:Hoppy Bunny | Is Your Phone Spying On You? | From Paperwork to Partnerships, Making It official

Alright, listen up! 🎙️ In this episode, Pam Prior and Francis Plata are breaking down the hassle-free way to form your LLC and whip your business documents into shape. No more sweating over paperwork – just smooth sailing from setup to that oh-so-satisfying moment when you’ve got your pro binder in hand.

Need help dodging legal fees and paperwork headaches? Corpnet’s got your back with fast, affordable solutions. Oh, and for the curious: Pam’s diving into whether your phone’s really listening in... 📱👀

Stick around ‘til the end for our beer tasting too! 🍺 Is it a rabbit or is it a duck? 

Check Out Corpnet for Your Business Filing Needs: 
https://www.corpnet.com/

📰 On this week's What's News:
https://mashable.com/article/cox-media-group-active-listening-google-microsoft-amazon-meta

Today's Brew🍺: Hoppy Bunny ABA, The Duck Rabbit Craft Brewery

🍻 The P.B.K.P.I (Pam's Beer KPI) Scale ⚖️: 
1. Pam's Not Touching It
2. It's Sippable
3. I'd Drink it Again if You Gave it to me
4. I'll Order it if it's on the Menu
5. I'll Seek it out

About the Brewery: 
The Duck Rabbit Craft Brewery expresses ideas through their beer. The beers are an expression of Paul’s (their Founder) vision. They only brew beers that Paul enjoys! So, what you get in a Duck-Rabbit beer is determined by enthusiasm for delicious beer, not a focus group or a bean-counter!

🍻 Learn more about The Duck Rabbit Craft Brewery: 
https://duckrabbitbrewery.com/

Transcript

0:00

Pennsylvania has what they call the one stop hub. So I'm like, this'll be easy. This'll be awesome. So I spent, I don't know how long, I think, when you were actually here, the night I was doing this

and I started at, I don't know, 05: 0:11

00 one evening, and by

08: 0:15

00 I was screaming, I hate Pennsylvania. We gotta move. Pennsylvania sucks. We're not opening this company here. Just screaming at the top of my lungs. Because everything I tried on this website, which is intending to be user friendly, was a mess. Hey, welcome back to the Cash Flow podcast with me, Pam Pryor. Glad to have you here, where we talk about everything money related in your business. So without further ado, let's hop right in and welcome back to Cash Flow. We are fresh back from podcast movement, which was a fantastic event that we highly recommend. This week we're covering three really cool topics, and the first one is one we've all known about. But we're going to answer the question about whether or not those big tech firms are really listening in on your iPhone or your Android. Second, we're going to jump into tasting a brew from a very cool sounding brewery called the Duck rabbit out of North Carolina. It's going to be an american pale ale. And then finally, in our scale or fail segment today, Frances and I are going to talk about what we need to do when it's time to actually set up our business entity. It's a question I get a lot. And we're going to dive into it today, so stay tuned and let's hop into that news. Are they listening? All right, so we've all known it's true for a long time, right? We know that those big four meta, Facebook, Google, Amazon, those guys are all listening in on our phones because it's happened to all of us where you have a conversation about something that you haven't talked about ever, or certainly never done any research on, on your phone. And then the next ten or 15 minutes, up pops an ad for whatever you were just talking about. We all know what happens. Well, hell, last week, an investigative journalism team got hold of a presentation deck that a marketing group did, and it's from November of 2023. And they talk about in this article, which I will give all credit to Mashable as the source. They talk about the details of it here, what was in that presentation deck? And I just want to read you a few things. So this is a deck that this marketing agency sends to or gives to or presents to potential advertisers and a few of the things that they said in this deck, which is now in the hands of something called 404 media, which tracked it down. Some of the quotes include, and I'm gonna say them carefully because I then wanna go to the fact that all four of the big tech firms, Amazon Meta. I forget the other two right now just cause I'm talking. But you'll hear them in a minute. Have denied what shows up in this presentation deck. But the way they've denied it is very crafty and doesn't actually, if you read it carefully, deny that they do listen on your phone. So I'm going to read what is in the presentation deck, the couple of sentences they pulled out, and then I'm going to read you each of the denials and tell you what I pick out as the reason they're not really saying we don't listen on your phone. They're being very carefully crafting what sounds like a denial. Okay, so first of all, just to kind of get the players straight here, the company is called Cox Media Group. And basically what they do is they go to advertisers and say, hey, you want to advertise through us? Because. And then they do a presentation on all the reasons why. And in this 2023 presentation deck, they talk about something called active listening, and they actually list it as a service. They have an active listening service that targets advertising based on smart devices and the conversations that are overheard on those smart devices. So a direct quote here, what would it mean for your business if you could target potential clients who are actively discussing their need for your services in their day to day conversation? That's the beginning of the deck. Then it goes on to mention that it's legal for companies to listen in on users and collect that data. So that's an important thing to remember. I'm going to come back to that. Then they go on to say, where is it? They talk about how microphones in the smart devices are used to pick up on that information. So essentially they say, how cool would it be if you can actually target your advertising based on what users are saying that's being eavesdropped on. Eavesdropped on. Number two, it's legal to do that. And number three, we offer that service. Okay, so we now know what was in the presentation deck from CMG. CMG basically said, we're listening in. We offered this service to you, and it's legal. Now let's listen to the big four's denials or pseudo denials of what CMG said. Let's start with meta. Facebook. Right. Facebook says, hmm, we're looking into whether CMG potentially violated our terms and conditions. They say meta does not use your phone's microphone for ads. And we've been public about this for years. That's a very specific statement. We don't use your phone's microphone for ads. There's a lot of wiggle room there. They could use the phone's microphone to provide their ad sponsors with information. They just don't use it for their ads. So Meta's answer, lot of wiggle room. A non denial Amazon. What did Amazon say? Amazon said Amazon ads has never worked with CMG on this program and has no plans to do so. Again, a non denial. Amazon doesn't say they're not listening, they just say they're not working with CMG. Google says all advertisers must comply with all applicable laws and regulations as well as our Google Ad policies. Again, a non denial doesn't tell us what their head policies are. And as we know, CMG back at the beginning just said it is legal to listen. So another non denial. And finally Microsoft says, probably the weakest of them all, we are investigating and we'll take any necessary actions in line with our policies. So what's interesting about this, I find it interesting that finally there's evidence that somebody is actually selling the use of what we talk on our phones about. We've all known this for ages. We've seen it happen, like I mentioned at the beginning. But what's really interesting is that all four firms, all four of the big ones, decided to deny, and yet none of them in those denials actually deny that they're listening in on your phone. So no big deal. I figure whatever people hear about me is going to be boring anyway. I actually find it a little practical that if I've talked about something, I see an ad pop up. But I also get it's just a little bit creepy. Because of that, we're going to jump into our beer segment now and relax a little bit and unwind from Big Brother. And welcome to our Brews section. And you'll notice we've pulled Francis out from behind the camera because I'm always interested in what you have to say about the beers, too. Inevitably, either during the segment or after. I'm like, tell me what you think. And we do have some different tastes. We have very different tastes in beer. Yeah. So I think it's kind of cool that we're going to kind of get two opinions now. Are you going to have your own PBKI, but an FPKPI, I'll try to. Align with yours, but, you know, we'll have. We'll still call it a PBKI, but you'll give your score. Yeah. All right, great. Well, today, guys, we're doing a beer from the Duck rabbit brewery in North Carolina. There's not a lot of information on the brewery itself, except that it appears to be about eight guys. And each of them has a different skill set, which is really cool. You love to see that in a business that everybody kind of balances each other out. Sort of like a beer taste. Teamwork makes the dream work. There you go. And we picked up. I actually, as you know, get the IPA of the month club beers sent to us, and we got one. Such a cool club. It is a great club. It's actually. You can get any mix you want. Like, there are people. Not any mix you want, but you can get, like, any beer. Yeah. Surprise. It doesn't have to just be an IPA, right? Or you can get the IPA club. And then I think they have a couple others. They might have, like, a heavy beer club or. But they have wine clubs. It's pretty cool. And I like it because even though I go to the store a lot. And now in Pennsylvania. Thank. Yes, we have beers in the store. You don't always see stuff from all over the country. So this really goes out and curates stuff from all over the place. Lets you try a little bit from everywhere. Yeah. So, you know, if you can find something, you might know if you don't travel there, you might not trip on, which I really like. But. And again, I'm not an affiliate. I'm just telling you something I think is cool. We should get you an affiliate code, though. You probably should. I didn't think about that. But this beer is called the honey. Sorry, the hoppy bunny. A ba a B a. I called it an american pale ale in the intro, and it's not. It's an american black ale, which I honestly had never heard of. So I'm going to read you the notes on it, because it sounds a little different. And I'm curious. The duck rabbit hoppy bunny is both intensely hoppy and intensely black. And when I think black, I think more like a Guinness or something you're going to get in the UK. That's Guinness or something like that. Right. The kind of stuff you drink at room temperature. But there are eight separate hops in this one that give a whole. It says, offer delicious bitterness and beguiling hop aroma and flavor, and heavily represented are the chinook hop, which we've heard about before. And that's kind of a deep, piney citrus thing. And then a New Zealand hop called Motweca. Now, you'd said you thought maybe we'd heard of that one before. I know we've done a New Zealand hop before. I don't remember that one in particular. But that hop is supposed to bring bright fruit and spearmint notes. I find it interesting to see the word bright in a dark beer. Yeah, because usually you don't get a bright taste from a dark beer. The ABV on this one is 7.3, so we're gonna have to watch out

what we do after we record this. Yeah, it's a 10: 10:56

06 a.m.

10: 11:00

06 a.m. boom. I kind of hope we don't like it, because then we'll know it. Just sit there the rest of the. Oh, yeah. All right, good deal. Well, how about we hop in? Let's pour this thing and see what we think. I'm going to show you a cool trick, too, because you don't have an opener down here, and I don't want to screw your table up by doing the. Oh, right, I forgot about that. So I grabbed a spoon from upstairs. Spoon? Yeah. And basically you're going to hook this on the inside of your hand. You know, everybody's going to see this if it doesn't work. Right, you're going to hook this on the inside of your hand. Yeah, go in. And then you just. Wow. What was the secret with your hand? What were you doing just holding it? This is how you create the fulcrum. This is where. Oh, so it's having the finger out. Is just there is what creates the lever. And then your thumbs holding the other side. Yeah. And then it's just popping the corner off. Well, son of a gun. There you go, folks. There's your hack for the week. Yeah. So you'll have to try it next. Nice. All right, let's see what this thing smells like. Now. We're doing it out of two glasses, which is great. There's the pour. Not much head. No, that's very guinnessy. It does look guinnessy head in color, too. Let's see what we have here. Yeah, no, it smells chocolatey. Let's see. I'm not getting a whole lot of fruit. I can definitely get the spearmint, though. I get the spearmint. That's about it. Yeah. The rest is like. That looks like a Diet Coke. It really does. Which I used to be wildly addicted. To, so that's might help you curb your addiction. There you go. Let's see. All right. I don't get the pine in here, but I do get, like, a heavy wood. D sensation is really strong for me. I don't know if that's just. Let's see what we got. Cheers. Cheers. I guess Diego wants some too. Ooh. It's not. I wouldn't. I wouldn't say it's Guinnessy to me. I'm a Guinness guy, and you don't see Guinness. Guinnessy to me. I get a very not bitter, but heavy overtone. You know what this kind of reminds me of? Have you had the yingling Hershey's porter? No, but I would never order that. That's what this reminds me of, like, a lot. Yeah. I don't hate it. I'm not hating it as much as I anticipated I would, from the hoppiness description, because I'm not a big ipa hoppy guy. I don't like it. Kaya's a hoppy girl. She likes her beer super, super intense. I don't like it. And the more I go after the sip, the more I don't like it. It's laying on the back of my tongue like burnt coffee. Burnt coffee, yes, I get that. And when I drink beer, I don't want a coffee taste. It's bitter. It's not bitter like hops bitter, though, hops, to me, have, like, a jumpy bitterness. It's like a. Like. It's like a punchy in the back of your throat. It's like putting those pop rockets in your mouth, whatever those things are. Pop rocks, whatever they're called. That to me is this is not that. This is like, lays over your tongue and dies, like, bad. Like bad coffee to me. Um, so what's your Pbkpi rating on this? My Pbkpi on this is a one. There's no

risk of me getting drunk this morning after 10: 14:14

00 I would give it a three. A three? Okay, so one, just as a reminder, one is I probably won't ever drink it again, even if it was the only beer in the joint. Five is I will go to world's corners to find it, so I'm giving it a one. This is not for me. It's a three. Can you remind me? Three is I really like it. And given a choice of beers, this would be one I'd pick off a menu. It's a two. It's a two. Okay, so if it were on the menu, like, if there were a couple there, this would probably not be the one you'd get, but you'd get it if it was the only one there. Evan, if it's the only barrel. Gravity. Yeah. I'd rather have a cup of coffee. The cool thing was, what I can do with this now is take a sip and pretend it's a diet Coke, and I may kill the urge. I've always said that the minute I get my death sentence, I'm going to have a Diet coke and a cigarette. I've always thought I would like Diet Coke when I had another sip. But if I pretend this is Diet Coke, which it looks exactly like. Take a sip, I may kill that urge forever. You're gonna have to, like, just look at it, though, because it tastes nothing like diet. I know. That's what I mean. I just have to look at it and go, oh, cool, I'm getting Diet Coke. Oh, like, totally convinced myself that's what it was. You know what we should do? We should get you a glass of Diet Coke. You can smell the Diet Coke, and then you taste that. Oh, that's really good. Mix the senses. Yeah. And then you're all, I bet you. If we talk to the neuro psych doctors, they'll tell us there's a way to make that work. Or in hypnosis. I'll have a sip of this. Yeah, and it's a Diet coke to you. Or we can just, you know, put a Diet coke label on all the bottles. I will tell you, I still have dreams. I don't have dreams of smoking anymore, but I still have dreams of popping a diet Coke and drinking it. Really? And I taste it in my dream, and I love it, so. And to the point where it's real enough that I actually go through, oh, crap. It's been five years, and I just had one. I'm sorry. Five years. Yeah. So maybe this. If I can somehow associate that with Diet Coke, those dreams will go away. So are you going to buy that now? Just to keep there? You go buy it, pour it into a Diet Coke. Can reseal it, or have. Put it in a bottle. Have you put the lid back on the coke bottle, pop it so it makes that sound? Because that's part of it. That's a whole part of the experience. And this might even be a little less heady than a Diet Coke is. Yeah, I don't know. That seems like a lot of work for a small psychological test here. Known to do some things like that. But great, great, great test. This is a good one. So you give it a two? I'm on a two. Yeah, I'd give it a one. All right, well, there we go. That's fair enough. They do have a lot of other beers. They do. We were looking at the website. Yeah. They had some more ones that might be a little bit more what we like. Or more, certainly more up the IPA alley. The normal IPA taste. So have to see this. North Carolina. I haven't seen them in our stores here yet. I've never seen this bottle. It's a cool bottle, though. Yeah, it's a very cool bottle. The duck. Rabbit. I mean. Yeah, that game. Right? Is it a rabbit or a duck? Oh, no, but I see it on the bottle. Duck or is it a rabbit? I see that now. I thought they were, like, creating a. Like the jack. You know, those jacko rabbit things, the big ones that are like. I always wonder if they're real or fake. That's kind of cool. It's like one of those image things where it looks, you know, one way to some people, and other people see it as a different thing, or if you tilt it just slightly differently. This goes back to that whole. Is the dress. Is it just blue or gold? Yeah. That was a whole thing, yeah. Okay. What was it for you? It wasn't anything. It looked blue for me. I think it was blue for me. But you're color blind, so you don't count. It didn't really count for me because I could not see. Some people saw it as blue in certain ways and gold in other ways, and it was. I think I usually saw it as blue, but then one time somebody told me to do something, and when I did that, I saw the gold. Gotcha. But my natural thing was blue. If. I love to pop that picture back up on the screen. Yeah. Just to torment people. Just to. Because I'll tell you, that one pistol. That was a really long. It was long, and people were rabid about it. No, rabid rabbits. So. But on that note, do you want to dive into the. Yeah, we had an exciting week. We did. With the business, so let's dive into that now. Awesome. And welcome to our scale or fail segment. What's Murphy doing over there? He was scared. I scared him by the clap. With our clap to come in. I love it. What? Speak. Speak. All right, whatever. So what kind of questions came up today with our father, our Ford press media. I call it FP all the time now, our forward press media business, we know as you know, we're kind of progressing from the very beginning, our idea, up through creating the business, running the business, potentially someday scaling and exiting the business. So what do we want to share today about what we're facing during these early days of startup? Yeah. So I feel like, well, we started off really strong, and we talked about building our checking account, you know, doing the small things, setting aside money for taxes. Big, that's a big thing, but a small thing. A small, small thing in the big thing in the grand scheme of things, a small thing when you're thinking about it, and actual steps, just putting, transferring the money into the tax kind of savings account. But one of the things we didn't cover, because it was all happening behind the scenes, was the actual establishing of the business, how we did that, why we went with the LLC, and now that we've got our papers in, in this awesome binder. Yeah, I was so excited when I saw that. But now that we've got all that in, kind of. I think we should dive into how we did that, how we did that, how that process went about and all the little fun tidbits that came along with it. That is true. And I think this is a great thing to cover, because it is. It's a. It's a process that can be rife with frustration depending on your state. Yeah, well, you were having a hard time with it. You said it was a Sunday just thinking about it. I may have a sip of my one. On the scale of your diet code, on the beer that I hate. Yeah. So we decided to set up an LLC. Now, there's no right or wrong way to do this, and this is not tax or legal advice, but in our case, we decided to set up an LLC because at this point, we really just wanted the legal protection of having an entity that protects you personally, and me personally, from anything that might happen inside that agency. Inside the agency. So forward press media is a media agency and not a media agency, a marketing agency. And we knew we wanted to set up an LLC. And as a reminder, we knew that Francis was going to own 55%. 55%, and I was going to own 45%. So it's going to be a partnership. So I figured, hey, I do this stuff for a living. I'm going to go onto the Pennsylvania websites and get us set up. Should be easy. Should be easy. There's a really cool hub for Pennsylvania, and most states have these same kind of hubs online. And Pennsylvania, even beautifully creates a checklist. Like, it asks you a bunch of questions and then boom, out pops a checklist of everything you need to do. That's awesome. Includes a lot of things you don't think of. Like you have to set up the company. You have to get an EIN number, which is a number from the IR's. Your tax identification number, so you can file your taxes. You have to set up, if you're going to have sales tax, you have to set up a sales tax account. If you're going to have employees, you need to set up yourself as an employer and various other things that may or may not apply. A lot of licensing information if you're going to be doing anything that's regulated in any way. So I thought, piece of cake, I can do this. Got our checklist out. Checklist requires you to go to two or three different agencies within the state, and that's not unusual. You usually have to work with your department of state to set the business up and your department of revenue to set yourself up for taxes, whatever kind of taxes there are. And then depending on whether you have employees or not, you may have to go to the Department of Labor as well. And Pennsylvania has what they call the one stop hub. So I'm like, this will be easy. This will be awesome. So I spent, I don't know how long, I think, when you were actually here, the night I was doing this and

I started at, I don't know, 05: 22:28

00 one evening, and by

08: 22:32

00 I was screaming, I hate Pennsylvania, we got to move. Pennsylvania sucks. We're not opening this company here. Just screaming at the top of my lungs. Because everything I tried on this website, which is intending to be user friendly, was a mess. Like cycled with getting catch 22 loops. Like, what's your password? What's your username? What's your password? What's your username? And it wouldn't let me create a new one, but it wouldn't let me use the password on the one I've already created. Did you try turning it off and. Turning it back, unplugging it and plugging it back in? I should have other things that it did. Like you'd click on the site and it would say, oh, good, set up your organization here. And when you press the button, it would say, oh, you need to call. So I finally said, I do this for a lot of companies and a lot of my clients who have multiple companies, we use the various companies to just say, hey, you do this. Here's all the information. You do this thing because I'm going. Nuts throwing your hands up. Yeah, and we decided to use company. And this is not actually, it is a comment on how well they did. But I'm not an affiliate or anything. I'm not saying they're any better than any of the other companies, but we use corpnet, c o r p net, and we'll drop that in the link. Yeah. And basically they send me a questionnaire, very easy to fill out online. I'm already breathing calmly now, just thinking about how well this went. I fill out all the things online, I send it back to them, and they say, stand by, we'll tell you if we need you. And basically it was information about me, information about you, our Social Security numbers, what our ownership percentage was, what's the address of the business, blah, blah, blah, blah. And it was that easy. It was done. And then I thought, oh, I'm going to get a couple pings from them and have to answer some questions. Nothing. But seven days later, what comes in the mail but this thing now you, I don't know if you can see this. And Francis, maybe you'll put a better shot of it up. And for the podcast, I'll describe it. I'm holding a really nice leather binder. Hold it up for the good camera there, not that you're not a good camera. And it's a nice leather binder that's zipped up, that's me unzipping it. And when you open it up there, first of all, is a corporate seal here, which if you don't know what that is, I'll just do a quick show and tell for people and describe it. It pretty much looks like a stapler, but what it has in here is a seal that actually creates a raised seal on anything we decide to use it on. Fancy, like our certificates we would use it on, frankly. So it has that in here, and then it has literally all of the paperwork that we need for the business, very nicely organized into tabs. Oh, wow. Now, the thing to know about this is this is probably 50 pages of documentation. And in truth, every time you set up an LLC, that 50 pages of documentation has to be created, particularly with a partnership, because in here somewhere is our partnership agreement. Gotcha. That we structured. And they asked me a bunch of questions about that as well. But what we do know is corpnet guarantees that all of this is legally sound, legally set up. And in the back are these very cool certificates. Now that we can fill out to issue the stock to ourselves the way that we've said we're going to in the agreement. I'm a geek. Right. But this is pretty cool. So I, like, immediately took a video of this to give it to our majority owner, which I'm going to do right here on camera. Congratulations. Thank you. There's your business. I am excited. In a notebook. This is sick. And I've always said this, francis, that, yeah, this is something you need to do. But I've also said there's something about this that makes it feel real, like it takes it from a hobby. And I'm, you know, shooting and editing video, and I'm really good at what I do to, I've created a business and I. Tell me how you felt when, first of all, when I sent you the video, but second of all, when you grabbed this for the first time with your own hands. Yeah. So when you sent me the video, I was super excited, because I don't, I wasn't anticipating anything from this. You know, I don't think either. A little bit of online paperwork, maybe an email or two. I was expecting to get a forward. Yeah. But this, it really took me aback, and I was really excited. I showed Kaia right away, and, you know, it was kind of a whoa moment. Yeah, this is actually a thing now. Yeah. And then you had me go up and grab it from the office, and I was like, holy shit, this is. The video didn't do it just, the. Video didn't do it justice. Yeah, it's a, it's a hefty binder. Yeah, yeah, it's a hefty, hefty binder. And it feels good in the hand. It feels good to hold, you know? And it's got a steel engraved plate or not steel. I don't know, something engraved plate on the front. I mean, that's real. It's hard. It's hard. So, yeah, so that is something. I want you to listen to that, because you've worked hard to create this business. And all the entrepreneurs that I work with have worked hard to create this business. And we don't often take those breaks. We're always looking forward to what we haven't done yet. We haven't gotten there. We haven't done this. I just feel like a mountain. Money's tight. How do I do? Every now and then, there's a moment to just go, wow. I've done what most people never do. And it's real. Like, we got our first customer, we have the first money in the bank, and we have an official binder of stuff. The other cool thing about Corpnet that I will tell you, one of the biggest hassles for business owners is remembering that they have to register annually with their state. And every state's different about how you register. When you register corpnet, I basically, I think we're going to pay them an additional $250 a year. I think that it may even be high. It might be 150. And they're going to do all that for us. Like, I don't ever have to think about this again. They will file anything we have to file with the state. And these are the kind of things that can take you by surprise, because if you don't do that, you'll get a letter from the state that says, hey, you're not in good standing with us anymore. And if anybody looked up your business online, it would say, yeah, they're not in good standing. So it makes sure we'll never have to deal with that ever. Wow. And we'd go back to them when it was time to add we will go back to them when it is time to add employees or if anything we ever sell needs sales tax and those sorts of things. That's awesome. And I've worked with probably four of these kinds of companies for other clients and for my own business. This is the first time I've ever seen this. Yeah, this is outstanding. I went ahead. It's also the first time I ever kind of picked their full package. And it wasn't much. I think it was $540. Oh, wow. And I had already spent with my, what I call my hourly rate, I had already spent like eight times that in hours of being pissed off at Pennsylvania. But they know how to navigate it. Like every single state of the union, they know exactly how to navigate it. That's awesome. So here's a question for you. In the past, I've had an LLC. Before, it wasn't a partnership, it was me. But that was all done through lawyers. What are the benefits to doing it this way instead of doing it lawyers wise and kind of what is different different about that? Is this just kind of the same thing in a website? It is the same thing. And lawyers cover a lot of different matters, and they can definitely paper up an organization and make sure it's filed with the state properly. Usually lawyers do that and get it set up for you and you sign the documents in person and all of that stuff, and then you're done. Like, they don't typically go through and, and do, and maintain it themselves. But I will tell you what I have discovered, because I've worked with lawyers with one of my clients, they actually outsource this part of the work. Oh, wow. So they'll use a thing. So when I get the legal bill from them, it says, you know, here's our hours. Boom, boom, boom. And here's a pass through, cost of, you know, 255 40 for the registration. Oh, wow. So this piece of. It's kind of paralegal work, I'd say. Yeah. Like in a complicated partnership agreement or anything else. You definitely want a lawyer. If you're dealing with some sort of odd regulated thing, you might want a lawyer. Again, this isn't legal advice, but even the lawyers just outsource this work. And it's basically, like I said, paralegal work to get the paperwork all done. That's awesome. Yeah. That's really good to know, especially for people that are doing all this stuff by themselves. I feel like if I was to do any of this one before, the reason that we hired a lawyer was because I didn't know shit about it. And then two, this having all the worry of what did I do this. Right, right. Am I missing a part of this? What don't I know? Yeah. Right. And that's where I was with this, because I thought, I've never set up a partnership for myself before. I've always relied on lawyers to do that. So I thought maybe there's some questions I don't even know to ask. Yeah. And sure enough, when this notebook came back, there are a few things. We've. We've had meetings. Yeah. That. And we've. We've signed agreements for what we think and all sorts of documents I didn't know we even needed to have. Wow. So that's pretty cool with this is. I know. Like, I can just. It's like having it support. Yeah. Right. And cybersecurity. I know. I can breathe easy. Somebody else has my back on this. That's awesome. And peace of mind. It's really, you know, you're paying the extra for peace of mind, and it really doesn't sound like it was too much of an extra cost. Not at all. A one time$540 and then an annual, I think it's something like 250, and they just handle it. Wow. That's amazing. Yeah. I'm glad. Well, thanks for taking the time. One of frustration and then two of going through and finding cortnet and setting all this up. This is awesome. I feel really. I'm excited. It's a business, my friend. We are on the way to scale because we're not going to do the fail side of this thing. We're going to scale if we liked the beer, I would cheers you again. Me too. I can't even cheers that beer. But, folks, that is one way to do it. I would definitely think about looking at one of these organizations, and we'll drop all four of them in the podcast notes that I know of, and I know there are probably more than that. The cool thing is they cover all 50 states. So if you end up having employees in multiple states or you have, you sell things in the multiple states, they really help you get your hands around all that stuff. That's awesome. Just, I guess another question. If you're Canada based, would they do that as well, or is that a whole other thing? These guys. Well, let me back up. The answer is, I don't know. I'm sure there are companies in Canada that do the same thing, and these companies may have branches in Canada that do the same thing, but I've never set up an organization in Canada. I've supported a lot of them that are already set up with the financials, but I've never, like, established one. Gotcha. Gotcha. I was just curious. I know that a lot of times us and Canada kind of goes hand in hand. They do. Their. Their organization laws are different. Like, we have LLC part. We have all sorts of different ways. S Corp, C Corp, LLC, LLP. I think they have fewer, and the taxing's done a little different. So, yeah, I if you're in Canada, I'd call a canadian company that does this is what I'm saying. Or your attorney and figure out what the best route to go is. Gotcha. I was just figured out. Throw that out there. So welcome to your book. You've got something else to put in your office. I have to get a frame for that, too. I'm excited for the certificate. Yeah. Yeah. And we have to get the seal fixed. Yeah. Because it's broken. But we're going to want to seal those two certificates. That's what makes them real. I'm excited. All right, cool. Well, we will see you next week. This has been a lot of fun. A big week for us. I'm pretty sure. Next week. So that we line ourselves up for next week. You and I talked this week about kind of how we distribute proceeds. Yeah. And I think that'll be a pretty cool subject to discuss because just to give you a little peek into the episode, Francis is doing all the work of the business. Right. So he's leading the company. He's leading the people. He's doing the strategy with the clients and making sure the work gets done. I'm doing some administrative stuff and advisory, et cetera. So Francis is going to draw like salary type money out of the company. So I went through an exercise to kind of show you how that works this week, and we had to come to some decisions. So we'll talk through kind of how that works and what we did so that anybody else in a partnership like this. And again, it also applies to if you own your own business, you have heard me say before, and you will hear me say again, pay yourself. I didn't have to say it. I just started. Boop. Out it came. You got to pay yourself first for so many reasons. We'll do an episode on that at some point too, so be sure and join us next week for our next step in scale or fail. Not fail. Awesome. Take care. See you guys. Thanks so much for watching the cash Flow podcast with us. 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