Episode 115: TMBA 115 (LBP104) – The Right Side Of History and the Secrets of Offshore Corporations

Tropical MBA: Entrepreneurship & Founder Lifestyle

Dan Andrews; Ian Schoen

Digital Nomad, Business, Ecommerce, Society & Culture, Amazon, Founders, Cash Flow, Places & Travel, Founder, Business Owner, Cashflow, Management, Entrepreneurship, Million, Operator, Operations, Profits, Distributed Team

4.9 • 527 Ratings

🗓️ 24 May 2012

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week Dan and Ian are acting like expatriot snitches, unleashing an Offshoring 101 course onto the listeners of the LBP community.
Blasting through conversation ranging from why you should and shouldn’t incorporate your business in the US to Earned Income Exclusions & FBAR’s and all the juicy details in between, including some important things they’ve learned along the way, the guys are getting into some serious business discussion.
This episode is definitely one to pull out the pen & paper/Evernote for!

Transcript

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0:00.0	So, Ian, in the listener community, there's been a little bit of confusion about the term Bala.
0:08.1	So we've done a little bit of research into the etymology of this term.
0:12.7	Yes, that's right.
0:13.9	And we've dug up some archive footage, and we're going to play that for you.
0:18.9	This is what we believe to be the origin.
0:22.1	Look, you're not saying to live.
0:24.0	It's $2 million.
0:26.0	It's made out of expensive chicken dinners I've eaten over the wheel.
0:30.2	And a baller-ass restaurants.
0:32.9	Come with me.
0:34.0	Oh, hold up.
0:34.9	The recipe ain't right unless I make it right.
0:37.3	You see it damn. I sprinkle diamonds on everything I eat.
0:41.3	Two reasons. One, it's the most ball of shit you can possibly do to your food.
0:46.3	And two, makes my dokey twinkle, man.
0:50.2	Bala! Ball up! Thanks for coming back
0:54.2	Priam
0:55.0	Ha ha ha
0:56.2	Hey podcast
1:02.1	Listener
1:02.7	Even if you are alone
1:03.8	In your entrepreneurial pursuit
	...

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