350,000 USD Line of credit Chase Bank Example By: Temple ii Temple emphasized the importance of operating privately, building trust, and understanding one's role as a creditor in the United States. He discussed the process of opening a PayPal account in the trust and sole proprietorship, the need for a business account with PayPal, and the importance of using technology to access money and build a business. Temple also highlighted the challenges lenders face when evaluating business credit, the process of using a PayPal account to activate a trust, and the importance of having a business bank account and a virtual address for privacy and financial independence. Next steps • Members to open a PayPal business account using their trust EIN and sole proprietor information. • Members to aim for at least $20,000 in annual PayPal sales to qualify for PayPal Working Capital. • Members to file tax returns, even if they have low or no income, to maintain compliance and eligibility for potential government benefits. • Members to consider opening business accounts with banks like Chase, Bank of America, PNC Bank, Truist Bank, or US Bank to access business lines of credit. • Members to obtain a business credit card and debit card in their name for their sole proprietor account. • Members to register a fictitious name (DBA) for their trust EIN through their state's appropriate system (e.g., sunbiz.org in Florida). • Members to liquidate personal assets and transfer funds to their sole proprietor business account. • Members to consider using virtual address services for privacy and business registration purposes. • Members to explore digital currency options like Uphold for managing assets and portfolios. Summary Building Trust and Credit Basics Temple discussed the importance of operating privately and building trust. He emphasized the need to communicate regularly and understand how to operate as a bank, a banker, and a broker. Temple also highlighted the significance of building credit and introduced the concept of a revocable living trust, which he uses to activate his secure credit. He demonstrated how to access and manage his trust account, emphasizing the importance of logging into the IRS account. Temple also mentioned the need to move from an individual status to a sole proprietor status for credit purposes. Understanding One's Role as a Creditor Temple discussed the importance of understanding one's role as a creditor in the United States. He explained that the law states that those who hold shares or debt in public stocks for the United States are considered creditors. This means that every United States citizen is a creditor, not a debtor. Temple emphasized the significance of this distinction, as it affects one's credibility and financial stability. He also discussed the concept of credit, explaining that creditors can extend credit through loans or contracts and may charge interest. Temple encouraged the audience to understand their role as creditors to manage their cash flow and financial stability effectively. Utilizing Trust EIN for Business Credit Temple discussed the importance of understanding and utilizing a trust ein to access credit, emphasizing that it's not just about having a little money but a substantial amount. He explained the process of opening a PayPal account in the trust and sole proprietorship, which is crucial for business operations. Temple also highlighted the need for a business account with PayPal, which requires at least $20,000 in annual sales. He mentioned the possibility of getting a loan from PayPal, which can be used to pay off existing loans. Temple stressed the importance of having a business credit card with the name on it, which is linked to the sole proprietor account. He encouraged the team to ask questions and provided guidance on building credit step by step. Using Technology for Business and Taxes Temple emphasized the importance of using technology, such as laptops and smartphones, to access money and build a business. He stressed the need to use a revocable living trust as a business tool to protect assets from the government and courts. Temple also discussed the necessity of filing taxes, even if one doesn't have income, to access money from the treasury system. He encouraged everyone to learn how to use computers to file taxes and to start using their trust EIN for bills and contracts. Business Management and Trust Importance Temple discussed the importance of understanding business management and communication through trust. He emphasized that these topics are not typically taught in school and that they are crucial for managing a business. Temple also discussed the process of applying for a business line of credit using an Employer Identification Number (EIN) instead of a Social Security Number. He explained that this process may vary by lender and that some banks and financial institutions offer EIN-only credit lines. Temple stressed the importance of not personally guaranteeing a loan and not using a Social Security Number for a business line of credit. He concluded by stating that securing a $250,000 line of credit with just a trust EIN may be challenging. Lenders Evaluate Business Credit Challenges Temple discussed the challenges lenders face when evaluating business credit, revenue, and financial documentation. He suggested that business owners could use their EIN to access credit without proof of income. Temple listed several banks that offer business lines of credit without requiring proof of income, including Chase Bank, Bank of America, PNC Bank, Truist Bank, and US Bank. He emphasized the importance of having a strong personal credit score for larger loans. Temple also mentioned the possibility of using a UCC filing number to provide financial statements to lenders. He concluded by stating that the AI had provided a blueprint for accessing credit using a trust EIN. PayPal Trust Activation and Working Capital Temple discussed the process of using a PayPal account to activate a trust and create a business bank account. He explained that once the trust is activated, the PayPal system will recognize the trust's EIN and no longer require the social security number. This process is a step towards obtaining working capital, which Temple described as a harder process to achieve. He also encouraged the team to ask questions and practice their understanding of credit. Understanding Creditors and Secured Credit Temple discussed the importance of understanding who the creditors are, emphasizing that it's crucial to recognize the difference between being a borrower and a debtor. Temple also highlighted the significance of remaining unincorporated in the United States, explaining that this status can provide a strategic advantage. The discussion also touched on the need for secure credit, with Temple explaining how this can be achieved through secured checking accounts or secured credit cards. Temple also mentioned the importance of creating sales and emphasized the need to pay oneself first, either as a sole proprietor or through a trust. Lastly, Temple mentioned the potential benefits of having access to funds through a business bank account, using Chase Bank as an example. Business Credit Line for Trust Temple discussed the process of obtaining a business credit line for a trust, emphasizing the importance of using the trust's EIN exclusively and opening a sole proprietor account. He also clarified that PayPal should be informed of both business accounts. Temple further explained the use of financial documentation, such as the UCC, in building business credit history. He also mentioned the possibility of using online banks like BlueVine and American Express for business credit. Temple concluded by highlighting the importance of the creditor in Biblical principles and the potential for unsecured credit once secure credit is established. PayPal for Trust and Working Capital Temple discussed the importance of using PayPal for transactions and building trust worldwide. He emphasized the need for sales or transactions to access working capital and how this process takes 90 days for a new business. Temple also explained the concept of a sole proprietorship and the need to liquidate all assets to fund the business. He used Biblical principles to illustrate these points, including Jesus' teachings on selling all one has and giving the money to the poor. Temple concluded by encouraging the group to focus on their sole proprietorship and not just their corporation status. Business Bank Account and Virtual Address Temple discussed the importance of having a business bank account and a virtual address for privacy and financial independence. He emphasized the need for a business bank account for funding and registration purposes. Temple also introduced the concept of digital currency and the importance of understanding how to manage assets and portfolios. He ended the conversation by announcing that the next topic will focus on building a business, including obtaining a domain and ensuring the EIN is found. Visit: 2025galley.com Visit: Operateprivately.com Visit: UniversityTechnicians.com

Sole, Estate & Trust. Meeting summary for New Earth Living; Trust Law studies, Sundays 5:30 EST (05/04/2025) Temple's meeting covered essential aspects of personal and business development, emphasizing the importance of understanding taxes, banking, real estate, trusts, and fiduciary responsibilities. He stressed the need for proper documentation, including tax forms and business structures, while highlighting the significance of building credibility and managing finances effectively. The discussion also touched on the importance of digital presence and visibility in the business world, encouraging participants to prioritize their goals and focus on creating value through their enterprises. Next steps• All attendees to study the IRS website for information on trusts and taxes. • All attendees to update their banking arrangements to operate as sole proprietors. • All attendees to work on improving their credibility with courts and financial institutions. • All attendees to review their real estate arrangements and update lease agreements with their trusts. • All attendees to digitize their estate into tangible digital products and services through their own domain. • All attendees to review their Schedule C and 1041 forms to obtain business lines of credit. • All attendees to search for their business on Duns and Bradstreet to ensure they are listed and have a DUNS number. • All attendees to prioritize giving time and resources to their sole proprietorship before other entities. Summary Mastering Taxes, Banking, and Credibility Temple discussed the importance of mastering taxes, banking, and credibility to progress through five levels of personal and business development. He emphasized the need to deal with banks as a sole proprietor and to build both personal and business credit scores. Temple also highlighted the significance of maintaining good credibility with the courts and the importance of using lines of credit to manage expenses and build wealth. He encouraged the team to focus on these areas to achieve their goals. Understanding and Managing Real Estate Temple discussed the importance of understanding and managing real estate, emphasizing that everyone is involved in it, whether they acknowledge it or not. Temple explained that real estate includes managing locations, creating new agreements with property owners, and understanding the roles of brokers, realtors, and construction workers. Temple also highlighted the need to recognize that one is not homeless, but rather living on land. The discussion also touched on the concept of being "unincorporated" and the importance of working for one's own entity (EIN) before working for others. Understanding Trust Layers and Tax ObligationsTemple discussed the importance of understanding the layers of trust and how they work. He emphasized the need to follow the rules to avoid issues. Temple then presented a diagram from the IRS website, explaining the differences between a revocable and an irrevocable trust. He clarified that the grantor has control and power over the trust, and that taxes must be paid. Temple also mentioned the importance of filing the 1040 and 1041 forms, depending on the type of trust. He warned against the misconception that taxes are not paid in a trust, and emphasized the need to understand the complexities of an irrevocable trust. Trustee and Grantor Roles Explained Temple discussed the importance of understanding the role of a trustee and grantor in a trust, emphasizing that the same individual can hold both positions. Temple also clarified that an EIN is not required for a sole proprietorship but may be assigned. The focus was on the power to revoke a trust and the need to furnish a social security number to payers of income. Temple encouraged the group to conduct their own research and use the provided legal codes to support their understanding. Correctly Filling Schedule C Form Temple discussed the importance of correctly filling out the Schedule C form for tax purposes. She emphasized that the form should not include an EIN (Employer Identification Number) but rather the individual's Social Security Number. She also explained that the form should accurately reflect the individual's profession or business, and that the name of the proprietor should be the individual's name. Temple encouraged attendees to follow the instructions provided by the IRS and to update their tax information accordingly. She also reminded attendees that their business's success depends on their ongoing efforts and attention. Defining Trust and Power of Attorney Temple discussed the importance of defining the trust used, specifically the revocable trust, and its role in the power of attorney and security agreement. He emphasized the need to keep the trust unincorporated and not to deal with closed bank accounts. Temple also advised against using the same name for the trust and personal accounts, as it could cause confusion. He recommended dissolving sole proprietor EINs and moving the associated money to the sole proprietor's social security number. Lastly, Temple introduced the concept of a fiduciary, which will be further explained in future discussions. Fiduciary Role in Trust Management Temple discussed the role of a fiduciary in managing a trust, emphasizing the importance of integrity, honesty, and understanding of the trust's management. Temple explained that a fiduciary is responsible for acting in the best interests of the trust and its beneficiaries, and must disclose any potential conflicts of interest. Temple also highlighted the difference between a fiduciary duty and a suitability standard, and the importance of prioritizing the needs of the trust over personal interests. Temple concluded by encouraging the team to understand the role of a fiduciary and its potential financial rewards. Understanding Fiduciary Role and Business Fees Temple discussed the importance of understanding the role of a fiduciary and the associated fees. He emphasized the need to work as a fiduciary and prove one's worth by hourly, weekly, bi-weekly, semi-monthly, or yearly calculations. Temple also highlighted the significance of living in the corporation structures while remaining unincorporated, and the importance of selling everything to the trust. He introduced the concept of updating and digitizing all estate into tangible digital products and services through one's own domain. Temple also discussed the 1099 B and the need to claim all funds back from each year of business, using the schedule C and 1041. He concluded by explaining the Duns and Bradstreet search and its importance in understanding one's business payment performance.Visibility and Trust in BusinessTemple discussed the importance of being searchable and visible in the business world, using examples of major companies like Google, Amazon, and Walmart. He emphasized the need for businesses to have a domain, a store, and a website to be found and to sell their products or services. Temple also discussed the biblical principle of selling all one has and giving it to the poor, which he interpreted as giving one's resources to oneself first, then to one's estate, and finally to a trust. He encouraged the group to prioritize their trust and information, and to stay focused on their goals. Connect with us as a new member at UniversityTechnicians.com/members

Sole Prop Trust Update Summary Proceeding; Temple emphasized the importance of understanding and operating within the trust realm, discussing his personal journey of transitioning to trusts and the need to unlearn corporate teachings. He also discussed the importance of understanding business operations, filing taxes, and creating a revocable living trust to escape the corporate system. Lastly, Temple provided guidance on handling finances, separating personal and business accounts, and maintaining proper documentation to operate effectively in the unincorporated business status. Directly to the Agenda Temple begins the meeting by thanking attendees for their punctuality. He indicates that they will proceed directly to the agenda for the week, following their usual practice of starting with a specific topic or update. Trust Realm vs Corporate World Temple discusses the importance of understanding and operating within the trust realm rather than the corporate world. He emphasizes that trust is not just about documents but a lifestyle change that requires confidence and performance. Temple shares his personal journey of transitioning to trusts since 2016, highlighting the need to unlearn corporate teachings and avoid relying on bank approval. He explains how he secured his first treasury check in 2019, which allowed him to operate without a bank account by bartering and exchanging cash. Temple also mentions creating multiple trusts and businesses, including an IT company and a household trust, to function effectively in the corporate realm while maintaining trust-based operations. Understanding Business Operations for Success Temple discussed the importance of understanding and practicing business operations, including filing taxes, to achieve success. He emphasized that no one, including government officials, is taught how to file taxes, and this lack of knowledge is a result of the government filing their own taxes. Temple used the Delaware Secretary of State as an example to demonstrate that the government is a business and should be treated as such. He encouraged everyone to search for their entity names and register their businesses to avoid being left behind. Temple also stressed the need for confidence in one's business operations and the importance of proving facts beyond reasonable doubt. Revocable Trusts vs Corporate System Temple explains that individuals are trapped in an irrevocable corporate system through documents like birth certificates, Social Security cards, and state IDs. He argues that the only way out is to create a revocable living trust and operate as a sole proprietor. Temple emphasizes the importance of being "in the world but not of it" by separating oneself from the corporate system while still living in society. He warns that focusing too much on worldly concerns can hinder the development and effectiveness of one's trust. Mastering Taxes for Financial Independence Temple discusses how to live without relying on corporations and emphasizes the importance of understanding taxes and the IRS website. He explains that people need to learn how to do their taxes as the first step to living without the world. Temple stresses the need to master the IRS.gov website, describing it as containing answers to all government-related questions. He also discusses the biblical principle of "rendering unto Caesar" to justify paying taxes. Temple advises on how to handle bills and expenses, suggesting that they should be in the name of a trust rather than an individual. He addresses a question about fuel tax credits and explains the process of transitioning from filing as a sole proprietorship to filing under a trust. Managing Treasury Checks and Trust Funds Temple explains the process of handling a Treasury check and managing funds through a trust. He advises cashing the check at a check-cashing place rather than depositing it in a personal bank account. Temple emphasizes the importance of collecting cash and converting it into tangible assets like gold, silver, real estate, and land. He recommends opening a sole proprietor bank account using a social security number or EIN, rather than a trust account. Temple stresses the importance of maintaining control over one's finances and not fully trusting banks with assets. Separate Personal and Business Accounts Temple discusses the importance of separating personal and business accounts, explaining that mixing them will not work long-term. He emphasizes the need to operate under fictitious names for both the trust and the individual. Temple advises converting checking accounts into secured funds, starting with savings accounts, to build credit. He encourages unlearning corporate ways and studying the unincorporated side of the system. Temple also recommends placing utilities and lease agreements under the trust's name to operate in an unincorporated manner. He stresses the importance of having proper documentation, even when living with family, to maintain an unincorporated business status.