QUESTIONS & ANSWERS
1. WHAT IS A GENERAL PARTNERSHIP& WHAT IS A LIMITED LIABILITY PARTNERSHIP AND WHAT ARE SIMILARITIES AND DIFFERENCES?
WE USE A LIMITED LIABILITY PARTNERSHIP DUE TO IT HAVING THE ADVANTAGES OF CONTROL BY OWNERS AND ABILITY TO TRANSFER DEDUCTIONS TO A SCHEDULE C, AND BEING EXEMPT FROM REGISTRATION(ie NOT a security)like a general partnership, but LIABILITY IS MANAGED BY BEING A LIMITED LIABILITY PARTNERSHIP THUS PROTECTING OWNERS!A Limited Liability Partnership, like a general partnership is an organization of business equals. In both a Limited Liability Partnership and a general partnership all general partners have a duty to actively participate in the major decisions affecting the enterprise. And are treated as both owners and consultants. Because of this involvement, the Limited Liability Partners have real control over the policies and the direction of partnership business. Partners share equally in their pro rata share of the venture’s profits in proportion to their partnership ownership. The Bad part of a General partnership is, they each share proportionally in any liabilities that the partnership may incur.Limited Liability Partnershps give the control benefits while limiting liability-thus the best of both worlds.
2. WHAT IS MY POSSIBLE EXPOSURE TO LIABILITY-Typically, if a partnership is formed for the purpose of operating a business then any liability that would normally be incurred in operating that business would pass through directly to the partnership. This exposure can, however, be minimized through careful planning by the partnership. As a result, our potential liability is minimized in this partnership. Liability could happen if for example you as an individual partner held a seminar, and you started a fist fight with somebody attending…..or something equally unusual.
3. HOW LONG BEFORE I START RECEIVING MONEY?
Funds are expected to be distributed to the Limited Liability Partners 6-9 months after the close of the Partnership. Thereafter, distributions are scheduled to continue on a monthly basis for the life of the Partnership. Affiliates and others being directly involved may start receiving income far earlier.
4. ARE THERE ANY TAX ADVANTAGES?
You must get qualified advice from your own tax consultant to answer this question, but in general, the answer is yes (for cash investors). It is anticipated that the majority of the investment can be expensed for income taxes. (See Pro-forma Statement)IRA, SEP & Qualified plans can be used to purchase units.
5. WHY IS THIS OPPORTUNITY AVAILABLE?
A common question is, “If this is such a good opportunity then why is it available to me?” There are a number of reasons that good business opportunities become available. Being in the right place at the right time to take advantage of an opportunity is a key factor. It is also very, very important to be in a position to commit to take advantage of these opportunities when they become available. This is the key to entrepreneurship upon which this country was founded. Visionaries, who are in a financial position to join with others at any given time, make it possible to commit, create and fund successful concepts when they become available. Were you able to participate in cable TV when it first started; did you invest in the Los Angeles cellular system when it became available? The good opportunities are normally sold out very fast.
6. HOW ARE THE PRODUCTS,RADIO SHOWS,SOCIAL NETWORKING PLATFORMS INVOLVMENT IN PROFESIOONAL GROUPS &WEBSITES DOING PRIOR TO OUR GETTING INVOLVED?
A) the Products have shown amazing results, PRODUCING RESULTS LIKE NOTHING ELSE AVAILABLE! We have dozens of pics from public demonstrations in front of hundreds of doctors, scientist &lay people, we have done much testing and now need to do CERTIFIED TESTING by a CERTIFIED LABORATORY so the CERTIFIED results can be formally submitted to various public &private entities. The product testing has kept us in business, since partner contributions have been less than expenses.We need to get certain Copyrights, Patents, Trademarks, related intellectual protection, and also the results will be used for various grant funding opportunities.(see www.transformationalbreakthroughs.org WE ALLREADY HAVE DOCTORS WRITING PRESCRIPTIONS, AND (more exciting)INTEREST FROM MANY PRIVATE AND GOVERNMENTAL PLACES-PENDING THE CERTIFIED TESTING.
B)Steven has a large following on Blog Talk Radio via his show “Steven Michael King presents “The Best In The World” ! Archived listens for some of his shows are in the thousands.
C)Steven is in over 150 Face Book Groups and has a large following of Doctors, scientists, healers , &other profesionals—we need major help working Face Book , Linked in (he has well over 500 contacts, we need training how to reach them!) Steven is in demand world wide and we need muchhelp learning how to work the various Internet platforms!
D)Steven is actively involved with dozens of professional groups- some are Energy Medicine, some Energy Psychology & many are complimentary and interested in our Products---all are waiting for us to get websites &related working!
E) we had a mall working www.strategicconsultant.org then right after Steven’s main partner died(John Williams) the web host changed various things and the site is no longer working until we can hire an experienced webmaster. We have the worlds best all in one spot, they are nterested in various mutual affiliate type arrangements and we need experienced internet marketers &webmasters to get it working again. Our Internet store www.transformationalbreakthoughs.org has a customer waiting list building, an affiliate waiting list building etc…WE NEED TO HIRE EXPERIANCED WEBMASTERS TO GET THE SITE PROPERLY CONNECTED SO SHOPPING CART AND AUTO RESPONDERS WORK!!!!....OUR LIST OF LOYAL POTENTIAL CUSTOMERS IS PATIENT DUE TO UNIQUENESS OF OUR PRODUCTS---WE NEED THE WEB EXPERTISE SO WE CAN DELIVER ON ORDERS!!!!
F)We have many dozens of free products ready now, and we are within 40 hours of getting the “for sale” products working.
G)WE have a big You Tube Channel started, and same with other similar sites- we need experienced help to learn how to upload the larger files!
H)we have various doctors and others interested in joint ventures- we need the technical help to produce and edit, and we need some legal and accounting help to set up the many joint venturesThis includes potential interest from atleast one accredited university after we get the second round of Certified Testing.
I)we have dozens of established companies open to mutual affiliate arrangements waiting on us to get our webhsite &shopping cart working, which requires help from somebody who has helped build websites and shopping carts. We got our sites pretty far along even though our only experienced partner died years ago, and now we are positioned where most webmasters can complete what we started, if we have cash to pay them.
J)we have interest from various Governmental and even military contacts, pending Certified Testing…See webinar for more info @ www.transformationalbreakthroughs.org
7. HOW DO WE KNOW THAT MAJOR PLAYERS WOULD BE INTERESTED IN OUR PRODUCTS &PROGRAMS?
.We have many dozens of the Worlds best who know of Steven as a result of various meetings, and everybody is waiting for the websites working &product testing, and related help.
8. WHAT IS THE CURRENT STATUS OF PRODUCTS, PROGRAMS, WEBSITES,INVENTIONS &RELATED PROGRAMS?
We are constructing Personal Empowerment Programs, including books, tapes, seminars, catalogs, TV shows and InterNet Mall. This is being done as a joint venture with other entities under the name Optimum Solutions for Empowerment (See thewebinars for more detailed info @www.transformationalbreakthroughs.org). The various joint ventures contemplated brings together the best of Eastern and Western medicine, the best of spirituality combined with modern psychology and quantum physics. We have top MD’s, Ph.D.’s, physicists, etc. supplying product and/or information. We get a percentage of the business from all companies that are participating, and, for most of the companies, we will end up being a distributor for their products, enabling us to make from 59 to 75% of product sales.
9. IS THIS LIKE A “BRAIN/MIND SYMPOSIUM” OR A “NATIONAL HEALTH FEDERATION EXPO” OR “WHOLE LIFE EXPO” ONLY DONE VIA MULTI-MEDIA?
The “Whole Life Expo”, which is very popular, has 3 to 5% of the 300 to 500 exhibitors selling quality products profitably and are respected, both in the medical and psychological industry as well as the holistic movement. The rest of the exhibitors are anybody who can pay $2,000 for a booth. We want more quality than the “Whole Life Expo”.
10. HOW MUCH WILL THESE KITS SELL FOR?
Our products range from under 1 dollar, to several hundred dollars. WE HAVE MAINTAINED THE LEAST COST PER MINUTE, LEAST COST PER PAGE &ALLLWAYS THE BEST VALUE AVAILABLE! Many of our products and webinars are free to gain market share, and others are steeply discounted. Most ofour products can be baught for less than 10 dollars!The books retail for $29.95 and we will sell them for $19.95 and they will be advertised in holistic publications and tabloids such as “The Examiner” (The advertisement for “this miracle book” that will change all aspects of your life, get your prayers answered, etc.) The various products will also be advertised there. We will be sponsoring and/or joint venturing radio & TV shows with established psychics and leaders in the human potential industry. We will also include shows that are focused on holistic health and business management.
11. WHAT HAPPENS WHEN SOMEONE BUYS PRODUCTS?? IS THIS MULTI-LEVEL?
Initially, when someone buys the kit they will be able to distribute the kit, equal to whatever level of kit they have purchased. In other words, level 1, level 2... level 50, etc. This way, we can supply them with the kit for its cost plus a profit and they can place the “miracle” ads wherever appropriate.WE ARE SET UP FOR AFFILIATE MARKETING AND CAN BEGIN WITHIN HOURS OF HIRING AN EXPERIANCED WEBMASTER TO HOOK THINGS UP…..THE SOFTWARE PAYS AFFILIATES &SUB-AFFILIATES 5 LEVELS DEEP!WE ARE USING AN INDUSTRY LEADER(VOLUSION.COM) WHO HOSTS OUR STORE AND PROVIDES SOFTWARE &TECH SUPPORT!Unfortunatly our only experienced webmaster died years ago, so we need somebody with experience who understands what Volusions 24 hr tech support says to do, and same with interfacing with the merchant services companies that do billing such as Pay Pal & others..
12. CAN PARTNERS SELLAUDIOS, VIDEOS, BOOKS ,SEMINARS , AND OTHER PRODUCTS AND SERVICES?
Yes, absolutely. All partners are asked to be affiliates, any partner can in theory , become a millionare if they work at it as the products, distribution channels, profit margines and other key elements are there, and we can purchase the computer and marketing help.
13. CAN ANY PARTNERS PROMOTE THE SEMINARS?
Yes, after the second quarter of next year, once we’ve established the order and sequence of seminar curricula and cost break-downs for compensating partners.
14. HOW DO THE PRODUCTS S FIT IN WITH THE COURSES AT UNIVERSITIES OR WITHIN PROFFESIONAL ASOCIATIONS?
This is covered in the webinars at www.trandformationalbreakthroughs.org!
17. HOW DO THEPRODUCTS FIT IN WITH THE ,WEBINARS,SEMINARS,groups, asssociations AND CABLE TV SHOWS??
THIS IS CONVERD IN THE WEBINARS @ www.transformationalbreakthroughs.org
18. DO WE HAVE ENOUGH MONEY TO DO THIS? WHY BRING IN JOINT VENTURE PARTNERS?
The good news is we have found several dozen companies that want to be in our mall. There are a lot more companies that have heard about our idea than first anticipated (through the companies we’ve approached), who are already contacting us asking to be included. This means that we would make a lot more revenue from sales than originally anticipated. Additionally, products, that we were distributors for, would be promoted in the books, tapes and seminars, with respect for how to use them. For example, crystals, pyramids, the biofeedback machines, etc.
Because there are more companies that are interested in participating than what we originally planned for, the cost, to put everything together properly would be higher than initial expectations, thus requiring joint venture partners.
19. WHY CABLE TV?
a) A show can be done on local and leased access (occasionally for less than $100) and some of those time spots are watched by network executives looking for up and coming talent and shows. b) The shows, themselves, can be taped and provided to large networks in exchange for a percentage of products and services that are sold as a result of the show (leading experts talking about their books, tapes, seminars, etc. as well as doing live healings, readings, etc. on the air. c) By providing instruction, as well as entertainment, the tapes can be edited and resold at a profit. d) There are several nationally televised networks that are willing to give free air time in exchange for a percentage of advertising revenue and/or a percentage of revenue from products and/or services sold as a result of or during the airing of the TV shows. e) Segments of these cable shows could be spliced together to create a “poor man’s infomercial” which we could use as a stepping stone towards doing a first class infomercial, later on, with joint venture partners in the infomercial business.
20. WHY WOULD A NATIONALLY RECOGNIZED AUTHOR/HEALER/SCIENTIST or other POTENTIAL LEADER BE WILLING TO DO INTERVIEWS AND/OR PARTICIPATE IN A LOW BUDGET internet or CABLE TV SHOW?
These shows still reach a wide range of audiences, allowing the expert to continue to gain new business (which they would be splitting with Optimum Solutions for Empowerment [which we co-own]). Additionally, most authors, seminar leaders, etc. like to create a list of credits, including talk shows, newspapers, magazines and anyone else who has interviewed them. The bottom line: it is an inexpensive, easy way for them to make additional money, requiring minimal time and allowing them to promote additional products above and beyond their nationally recognized books.
21. DO WE HAVE THE CONNECTIONS WITH RESPECT TO PRODUCTION, SYNDICATION, ETC. REGARDING POTENTIAL DEALS WITH NATIONAL NETWORKS?
Yes, we do, provided: a) partners approve the ballot resolutions. b) Additional funding comes in through either capital contributions and/or joint venture partner commitments.
22. HOW DO SEMINARS HELP OUR BUSINESS?
We’ve branched out to multimedia - seminars help tie it all together via the entire “human potential” movement. We have the InterNet, books, tapes, catalogs, etc. for performance enhancement things (psychic performance, learning performance, etc.) and that’s the Optimum Solutions For Empowerment. We are going to start a series of about 150 seminars at $100 per weekend, and the seminars will be multilevel. It follows all the stuff that’s in the books and tapes (50 levels of the Optimum Solutions for Empowerment). When people finish a seminar, they can be a distributor for that seminar and receive finders fees when they refer other people.
There are existing companies that do billing for multi-level.
In Los Angeles, seminars charge between $300 and $3,000 for a weekend. We’re covering more stuff than they are for only $100. We’re charging so little to keep the seminars full, and a constant stream of referral and repeats (wanting to do the next level), it’s easier for someone to budget $100 than something larger.
At the seminars, we’ll have some of the energetic devices, bio-feedback equipment and other stuff in the books and catalogs. That way, there’s hands on. Initially, we’ll video and audio tape the seminars (this allows us to “shoe-string” our books and tapes).
During practice seminars (about healing and energy work) people were asking if we knew any good psychics. We know psychics who do work for government agencies, law enforcement, fortune 500 companies, etc., and we can work a deal with them for referring people. Those psychics require an appointment, usually 2 to 4 weeks in advance. We can profit from them. If somebody wants a psychic, right now, and does not want to wait, we give them our 800 and 900 numbers.
From the beginning, we discuss things a person can do to get a much better reading than normal [like a) special breathing techniques, b) various meditations, c) ways of manipulating energy systems, d) writing all your stuff down first, with use of special wording, e) quieting your mind, etc. that make it easier for a psychic]. If someone does those things, the psychic is going to have an easier time and the person is going to think that psychic was incredible. Part of it’s the psychic, but a lot of it is what the person getting the reading is actually doing.
This will be it’s own little course and something that we can put in the ads advertising the 800 & 900 numbers as a “freebie”.
We can, through connections in Dione Warwick’s camp and in Kenny Kingston’s camp, get hold of their mailing lists for everybody who’s called, when they called and how often they call.
We would either lease their list and do a direct mail for the books, tapes, seminars, etc. or (and right now they want to see how it goes first with us leasing it) split the profits and they would do the mailings. They have free give-aways and are looking for other things to enhance their revenue.
The closest product to ours is from a company called Delfin (a company that shows you how to increase your income earning potential). There is nothing unique in the Delfin programs - each level is between $2,000 and $5,000, We’re talking about putting out a comprehensive program where each book is $20, (books, tapes, etc. are $120 as a package), a seminar for a weekend is $100, so we’re going to be at 10 cents on the dollar compared to others, more comprehensive and with a lot of peripheral products.
Many leaders across the country are interested in listing with our mall and paying us a commission for what comes in through our mall, newsletters, books and tapes, seminars, catalogs, etc. When we do our seminars, we can say “here’s an introduction Pranic Healing”, or “here’s an introduction to NLP”, or “here’s some of the stuff covered in Huna, and Timeline Therapy, done by Tad James”. That way, they get an introduction to other products and we get between 40 to 60% of what their products go for. We have our own stuff, plus we’re marketing everybody else’s stuff. We’re also in contact with people who are writing other books or doing self-publishing (How to develop this or that, etc.) and many have been in the Inquirer and the Examiner for a couple of years and are regular sellers. They’re interested in cross-promotion offering our programs to their people and offering some of their programs to our customers. There might be more money in wholesaling.
We will make sure that all of our products are mutually supporting and complimentary. We’re seeing very good signs and we can start doing advertising for the seminars, by putting up fliers in front of bookstores and health-food stores here in LA. We can start doing cheap advertising once we’ve done a few of these others. If we want the stuff to go quicker, then we can work a deal with bookstores and pay them a commission when they sign people up to attend, then they will push it very vigorously. We’ve already got people willing to write testimonials.
In the seminar business, if you spend $5,000 to advertise a seminar and you get 100 people there and charge $100 per persons, that’s $10,000 gross - That means that after paying $1,000 for the room, you’ve got $4,000. The whole idea of the seminar is to give them enough tools so that they are excited and feel that they absolutely have to go to the next level, as quickly as possible. By doing the referral fees (bring 4 people and get it free), people can fund their progress by helping others. That way their own growth and progress is self funding.
The same is true with all the devices, bio-feedback, etc. and we have over 300 items to sell. By having the stuff at the seminars, people have the chance to experience the products directly, and that’s going to increase our sales. People fall in love with these things when they play with them.
If they have a check, they’ll write it; if they don’t have a check, it comes down to what can they do to get the money. We’re providing them with both options.
We also have some multi-level stuff that we’ve checked out (like the grocery coupons). Those are real nice because they don’t require our involvement with people, but they’ll start building some down-lines which we can plug in to.
We have some other multi-level companies that are interested in our stuff, but we need to get it further along. We need money and to be left alone by partners not directly helping.
25. IF I WANT TO INVEST PASSIVELY WITH YOU DIRECTLY,IN SOMETHING DIFFERENT &SHORTER THAN A PARTNERSHIP YET STILL AN EXEMPT TRANSACTION,SUCH AS A SHORT TERM(9 MONTHS OR LESS SECURED PROMISSARY NOTE) CAN I?
Yes. Simply contact the management committee (in writing, at the above address) and let us know your interest and intentions. We will forward the information to appropriate parties.