Essentially, all businesses are about 80 percent the same, according to serial entrepreneur Peter J. Burns III. To that regard, he’s willing to work on a wide variety of projects with other would-be entrepreneurs—including millennials—as long he deems future partners to be “best in class.”
He says it really doesn’t matter what the industry may be. “If there is a profit in it, the project interests me and I am impressed with the candidate—I’ll take the shot,” says Burns, who is based in Southern California and has helped create more than 150 businesses in a four-decade-plus career.
A Unique Start-Up Method
Peter J. Burns III has identified a unique solution for savvy millennials who see the benefit of being their own bosses (and setting up the proper paperwork to do this) rather than serve as employees: Make yourself a small company.
It’s a scenario he envisions for sharp young people who want to work in his world.
Rather than hire a person as an employee, Peter J. Burns III says there are multiple benefits to an individual incorporating themselves. What’s involved? An individual gets the necessary EIN number, bank account, and business license to establish a consulting business in their specialty field.
“The consulting business would then contract with the small business/person for this service,” Burns says.
“No catches, no hoops to jump through,” Burns says. “It would function as any other business-to-business interaction would, and nobody is faced with the difficult task of categorizing a worker as an independent contractor or full-timer.”
It’s a completely legal process and within all IRS rules, regulations and guidelines.
The Benefits of Creating Your Own Business
The primary benefit is that it is a simple transaction between business to newly created business. There’s no red tape of reporting and withholding taxes, or with social security and healthcare. It streamlines the relationship between the employer and employee into a very efficient business model.
This model is an example for a would-be millennial entrepreneur to start up a business and pay themselves for work. It’s a simple exchange of services for money for an actual service performed.
“You agree on a payment amount, service is rendered, you pay it and it’s a straight deal,” Burns says. “I don’t see the negatives in this…except the IRS can’t grab a bunch of money from people and there’s no way to actually screw the individual or the company if you use my process. I can’t see any negatives, honestly.”
Peter J. Burns III and young entrepreneurs
Why help out future small business owners?
“I’ve had a good life and I’m happy to help others get on a good career path,” Burns says. “It’s from the Bible, and I believe John F. Kennedy also said something like this in a speech—and it’s very true: ‘To whom much is given. Much will be required.’”
Burns believes the small business population in the United States needs help.
“Nobody’s helping us so we’ve got to help ourselves,” he says. “When you involve government with capitalism, it’s a cluster. It always has been and it always will be. I’m just another entrepreneur out there just trying to help my fellow entrepreneurs. I am not a lawyer. I am not an accountant. I’m just a fellow businessman who may have come up with a way to save a lot of time and trouble, and not to mention money, for my fellow entrepreneurs.
Veteran entrepreneur Peter J. Burns III is moving forward with a major investment in Agora Temple, a religious institution that provides cannabis as a sacrament to parishioners. In an economy struggling to adjust to hardships presented by the COVID-19 pandemic, the investment is hailed as a bold and strategic move.
Agora Temple is a 501(C)(3) charitable organization based in the Melrose section of Los Angeles.
“Agora Temple will be the model for other places of worship as we expand in California and beyond,” says Peter J. Burns III, who is based in Southern California. “We not only have an exemplary leadership team at the existing location, but we also have the right people in place for expansion, especially from an operational, legal and regulatory standpoint.”
Peter J. Burns III will have a seat on the board of directors at Agora Temple. He says his company’s decision was bolstered by a plethora of legal decisions in the state that recognize that freedom of religion is protected by the First Amendment, which prohibits laws impeding the free exercise of religion among U.S. citizens.
The model is also supported by the fact that there’s a long, rich history of cannabis and religion dating back 7,000 years. And, that the Catholic Church has long used wine as a sacrament, even selling wine that has been “ordained” to its membership.
“The underlying mission of promoting spiritual growth by using cannabis as a sacrament must be ingrained in the Temple’s philosophy as well as its practice,” Burns says. “There are many existing religious institutions in California that have mishandled this. We are prepared to help them, as well as to establish new Temples.”
Burns adds that he is also impressed by the charitable mission of Agora Temple, which has been working with various charities in Southern California for more than a year. ‘We will enhance those efforts,” he says.
How Does a Cannabis Church Operate?
In California, and states all over the country, cannabis churches are becoming part of the landscape. People don’t technically pay for marijuana at these church services. Instead, they tithe (donate money) to the church in exchange for cannabis.
There are legal issues. But proponents argue that many people truly believe that cannabis has a history and a proper place in being delivered as sacrament. Members of cannabis churches believe they are involved in religious efforts that help them connect to a higher power.
And there are medical studies. Some research points to the benefits of cannabis for many maladies, such traumatic brain injuries and persistent anxiety. Other studies show a rise in cannabis use among all segments of the population. Taken together, it’s easy to conclude that in the not-so-distant future the use of cannabis will be widespread and legal in every state in the country.
Recognizing this, Peter J. Burns III has embarked on a crusade to reduce pain and suffering in the United States by making cannabis available as a sacrament.
This movement is not new. In California, there are dozens of independently owned cannabis churches. Peter J. Burns III’s goal is to create hundreds of these places of worship and reflection, in California and nationwide.
“This fits into my philosophy as an entrepreneur of doing well by doing good,” Burns says. “We are spreading peace, love, and a sense of togetherness by promoting the spiritual use of cannabis as sacrament.”
The beauty of a cannabis church services is that topics anyone can relate to are explored, including love, self-awareness and empathy. Everyone’s opinion and perspectives are respected, and no one is told what to believe. The idea is that everyone participating is given the opportunity to learn more about themselves by learning more about the experiences and contexts of others.
Agora Temple is funded through donations, or tithing. Some of these donations are presented in furtherance of charities. Other gifts are made in exchange for sacramental cannabis.
Agora accepts responsibility for being a spiritual oasis. It has embraced charity work and adheres to the regulations of being constructed as a non-profit, or 501(c)(3). These principles are critical to a long-term future, as well as an ability to ease pain and suffering for all Americans.
There are opportunities for investors to participate in this worthwhile cause. Even as the country embraces a new, post-coronavirus economy. For more information, reach out to Peter J. Burns III: (peterjburns3@gmail.com).
While the coronavirus crisis is threatening to wipe out many businesses—and maybe even send the economy into a recession—entrepreneur Peter J. Burns III says there’s a widely underutilized method for increasing tax savings that could greatly boost stimulus efforts.
That method is known as cost segregation. It’s a 100-percent legal process guided by IRS methodology. The IRS publishes guidelines for a cost segregation study on its website.
“We’re looking at an unprecedented devaluation of companies and their properties,” says Peter J. Burns III, a serial entrepreneur who has spent the last 40-plus years helping create more than 150 companies in both conventional and nontraditional markets.
He says cost segregation is a way for companies to get money back in taxes that they’ve already overpaid. Burns believes this process is a quicker and more efficient way to stimulate the economy than relying on aid packages from the federal government.
“Even if companies have already paid their taxes this year, they can do amended returns and get back money they’ve already overspent,” Peter J. Burns III says. “This process is a much quicker way to try to avoid what is looking like an inevitable depression.”
What is Cost Segregation?
Cost segregation is a method of reclassifying components and improvements of commercial and residential real estate. Using Internal Revenue Service guidelines, cost segregation results in reduced tax liabilities and increased cash flow—for both owners and lessees.
To initiate cost segregation, a third-party-certified study identifies, values and separates depreciable personal property. A certified analyst will appraise non-structural items (things like carpet, wall coverings, etc.) and adjust the scheduled depreciation.
The result? Acceleration of depreciation can lead to huge tax savings in the early years of the life cycle of a real estate property. This allows a property owner to catch up on savings that result from the depreciation adjustment.
It’s relatively simple. Under standard, straight-line depreciation, the default tax life on a commercial building is 39 years. Cost segregation professionals seek to identify the multiple pieces of personal property that can be placed on shorter—five-, seven- or 15-year—depreciation terms.
According to studies commissioned by Peter J. Burns III, doing a third-party-certified study for cost segregation usually result in 6 percent of the value of a building coming back in tax benefits. In one study, an $8-million rental villa returned $625,000 to the owner after cost segregation.
Cost segregation is a 100-percent legal process guided by IRS methodology. IRS guidelines allow this technique to be applied to newly built and existing buildings. However, the building must have been placed in service after 1987.
The number of years owned by the current owner, prior renovations, and future renovation plans are some of the considerations used to determine whether a cost segregation study makes economic sense.
The technique has been widely used since 1997 as a result of two landmark tax court cases in which both Walgreens and Hospital Corp. of America prevailed against the IRS. Traditionally, engineering departments in Big Four CPA firms have used cost segregation with their large clients.
The modern application of cost segregation can be traced to those 1997 court cases—but it was Peter J. Burns III, who was serving as an adjunct faculty member at the Barrett Honor College at Arizona State University, who first tied the practice to other business ventures in 2005.
Cost Segregation is a Simple Process
It’s estimated there are 91 million buildings eligible for a cost segregation study. Yet, only five percent have undergone the process. According to Peter J. Burns III, that means there’s potentially as much as $500 billion on the table to help out struggling businesses.
That’s roughly equivalent to the stimulus plan approved by the federal government.
Cost segregation is actually a simple transaction. If you’d like to find out more about this innovative process that could help rescue American businesses, reach out to Peter J. Burns III, who can help match prospective donors with qualified cost segregation professionals.
Despite the media stereotypes, serial entrepreneur Peter J. Burns III, has had plenty of success hiring millennials.
“I’m here to tell you that there really are exceptions to the way millennials are typecast,” the Southern California businessman says. “I’m a lifelong entrepreneur and I start new ventures faster than some people can put on their shoes. And I’ve found great hires who are young people.”
Over the last dozen years or more, Peter J. Burns III has been active in the “entrepreneurial education” space. He’s taught courses as an adjunct at the Barrett Honors College at Arizona State University. He moved that program to Grand Canyon University and started GCU’s first accredited College of Entrepreneurship.
Several years ago, Peter J. Burns III also had a stint as a Visiting Entrepreneurship Educator at two top universities in Ethiopia.
“The sheer brilliance and earnest enthusiasm of some of the young men and women I’ve taught represent some of the most satisfying times of my four-decade career in entrepreneurship,” Burns says.
After relocating from the East Coast to La Jolla, I started no less than five new ventures, he says, “and I’ve actively sought the help of millennials as my interns in each new venture.”
Yes, there have been some missteps along the way. The recruitment process has included some people who could have starred in this YouTube video that mocks millennials. Nonetheless, Burns says he’s gotten adept at “picking winners and placing bets on them.”
Debunking Millennial Stereotypes
Do people of any race, political group or country all act the same way? Nope. Think about it. History books and media stereotypes might have you believe that all young people in the 1950s were greasers, or every child of the ’60s was a hippie. It definitely wasn’t the case.
Not so long ago, Time Magazine published an article called Millennials The Me Me Me Generation. The basic claim in the article was that millennials were narcissistic. Part of the cause: parental adulation and an excess of participation trophies.
While partly true, isn’t there a segment of narcissists that makes up every generation? Yes. It’s also true that Baby Boomers were originally dubbed “The Me Generation.” Why? Narcissistic tendencies.
Debunking stereotype, Peter J. Burns III says not all millennials are entitled, hold progressive values, espouse socialism, are unsatisfied with their work, or are always switching jobs.
Peter J. Burns III with young entrepreneurs
Interviewing Millennials at Peter J. Burns III
“The millennial vertical may appear to be spoiled and entitled—but the truth is they never stood a chance,” Burns says. “Their parents sacrificed everything to give their millennial children the best education. And everybody fell for the falsehood that an expensive education ensured success in the business world.”
Burns says he found that the average educational debt of millennials he has interviewed was $50,000—and some young people he’s interviewed had $100,000 hanging over their heads as they entered the real world.
“Employers really don’t care where you went to school, what your GPA was or how many extracurricular activities you stacked your resume with,” Burns believes. “All the prospective employer wants to know is can you efficiently do the job offered—and do it for the benefit of the business.”
Burns says he looks for young people who didn’t have a lot of support getting to where they are.
“I prefer self-starters who worked during their school years and didn’t leech off their parents and go into spiraling student loan debt,” he says. “I absolutely love would-be entrepreneurs with the dream to ‘hire themselves.’ I’ll often do whatever I can to mentor them to do just that.”
The door is open at Peter J. Burns III. “I want to find would-be success stories out there, and I will give them a shot.”
Are you a millennial looking to connect? Reach out today on Burns’ main website.
Peter J. Burns III is a serial entrepreneur who specializes in starting up niche market replicable business enterprises. An innovative businessman, he creates and implements many new concepts from the ground up. Critical to his success: Participation in the Harvard Business School’s Owner/President Management (OPM) program.
What is Harvard’s OPM program? It’s designed for business owners and founders who have at least 10 years of operating existence, serve as a chief executive or a C-level exec, and are actively involved in a business or hold a significant equity stake in one.
The Harvard curriculum helps entrepreneurs who are already building, leading and growing successful businesses focus on leadership and personal growth. It spurs individuals to develop a broader global perspective, gain a deeper understanding of operations and glean greater insight into operational excellence.
Celebrity students who have enrolled include actors Katie Holmes, Tyra Banks and Channing Tatum and rapper LL Cool J.
Peter J. Burns III was the perfect candidate—and to date was one of the youngest people accepted into this prestigious program.
The Harvard Background of Peter J. Burns III
Burns entered Harvard’s OPM program in 1986 at the age of 29. Yes, by that age he’d already had 10 years of experience running a successful company.
His official career as an entrepreneur started when he created a company that imported mopeds (motorized bicycles) to the United States from Europe. That was on Nantucket Island in 1977. At the time, it was one of the most successful recreational rental companies of its kind in the world.
The moped rental company had $3 million in annual sales—netting over half of that amount.
Burns wrote the business plan for that company while he was enrolled as a first-year student at the University of Virginia’s McIntire School of Commerce, while he was enrolled in a 4-year Army ROTC scholarship.
When Burns was selected from among worldwide applicants to be in the Harvard Business School’s OPM program, he recalls being 20-plus years younger than most of his classmates.
“I was classmates with such business giants as Peter Norton (Norton Antivirus,) the owners of the revered Donegal Mills Plantation and the fifth generation of the venerable Gieves & Hawks,” Burns says. “I was with the titans of the entrepreneurial world and was blessed to be among them as ‘The Kid’ of the bunch.”
Peter J. Burns III, Serial Entrepreneur
Since his college years, and early business success, serial entrepreneurship and the establishment of unique businesses has been a major part of Burn’s life. Over the span of four decades in business, Burns has started, operated, sold, and/or expanded more than 150 businesses.
Some of those businesses and operations include:
•Creation of the first “Dolphin Tour” business, using jet boats on guided tours through wild dolphin habitats (Water Tours 1995).
•Establishment of the first integrated media rich commercial email marketing business (Cybertising 2000).
•Inventing the “Insert-A-Zine” niche-publishing concept (NightLife Magazine! 2001).
•Pioneering the expanded market for Cost Segregation Studies, introducing a Patent Pending for unique applications (CSS 2008).
•Expanding to the massive commercialization of cost segregation (HL Cost Seg 2016).
•Co-founding the first financing organization for “Creatives,” i.e., singers, film producers, artists (FundingWagon.com, 2013).
• Founding Ethiopian Capital Partners as a bi-lateral platform of commerce between the U.S. and Ethiopia (Expatrepreneur.us 2013).
• Co-founding Luxury Travel Product Placement company that acquired empty time in luxury villas in exchange for luxury products and remarked to Closed User Groups at 40 percent less than the villa owner could rent out own villa. (HL Villas 2016).
• Co-founding Avia Travel Services by assembling a partnership with an expansive travel booking engine, joining it with an airline ticketing entity and creating a “one-stop-shop” for the corporate group and employee travel at significantly discounted rates. (Avia 2017).
And many more…
Opportunities with Peter J. Burns III
Growing up as a young entrepreneur, experiencing the ups and downs of starting businesses, and having decades of experience, Burns developed a passion for mentoring. He combined his passion for starting new enterprises with his affinity for offering guidance to aspiring and existing entrepreneurs by creating Burn$ Funding.
Burns$ Funding uses unique and innovative methods (involving the use of bridge loans and shelf corporations to repair credit and gain access to funding) to provide aspiring entrepreneurs and existing business owners with access to capital to fund their own business ventures.
Interested in hearing more about business opportunities? Check out the Peter J. Burns III website and read more about this Harvard trained and real-world-seasoned entrepreneur.
Property owners who utilize Peter J. Burns III’s innovative process for doing “cost segregation” at tax time are eligible for big-time savings. It’s estimated there are 91 million buildings qualified for a cost segregation study. That means that as much as $500 billion of potential savings are on the table, according to Peter J. Burns III.
Obviously, cost segregation—which is a little-know process that’s guided by Internal Revenue Service guidelines—is underutilized. Is it for you? Can you save money by doing a cost segregation study? Let’s look at the definition of the process and delve into how it works.
What is Cost Segregation?
Under United States tax laws and accounting rules, cost segregation is the process of identifying personal property assets that are grouped with real property assets, and separating out personal assets for tax reporting purposes.
In other words, cost segregation is a tax savings tool that allows businesses and individuals to increase cash flow by accelerating deductions and deferring federal and state income taxes.
What is a Cost Segregation Study?
To initiate a cost segregation study, a certified third-party identifies, values and separates depreciable personal property. A certified analyst will appraise non-structural items (things like carpet, wall coverings, etc.) and adjust the scheduled depreciation.
The result? Acceleration of depreciation can lead to huge tax savings in the early years of the life cycle of a real estate property. This allows a property owner to catch up on savings that result from the depreciation adjustment.
It’s relatively simple. Under standard, straight-line depreciation, the default tax life on a commercial building is 39 years. Cost segregation professionals seek to identify the multiple pieces of personal property that can be placed on shorter—five-, seven- or 15-year—depreciation terms.
According to studies commissioned by Peter J. Burns III, doing a third-party-certified study for cost segregation typically results in 6 percent of the value of a building coming back in tax benefits. In one study, an $8-million rental villa returned $625,000 to the owner after cost segregation.
When Should A Cost Seg Study Be Done?
Real estate that qualifies includes properties like large homes, villas or hotels that you anticipate holding for at least a few years and were purchased, constructed or remodeled after Jan. 1, 1987.
It’s best to have a study completed the year the building or improvements are placed in service. However, IRS Revenue Procedures allow taxpayers to “catch up” on the depreciation that was not claimed when the property was placed in service, without amending prior years’ tax returns.
In addition, the IRS allows for the “catch up” period all in the first year—rather than over four years, when the Revenue Procedure 99-49 was first introduced.
Should You Use an Expert to Conduct a Study?
Absolutely. A cost segregation study must be performed by a trained Cost Segregation specialist – not a Certified Public Accountant.
At HL Cost Seg, our certified cost segregation study professionals have the expertise in tax law, cases, and rulings on cost segregation. Other specialties include real estate development and construction experience—to maximize your tax savings. Our company will work with your advisors to help you take advantage of this extremely viable tax savings solution.
Peter J. Burns III’s HL Cost Seg is a subsidiary of HL Villas and operates in conjunction with the financing arm of the business. The company has partnered with the leading cost segregation company in the industry, Cost Segregation Initiatives, LLC.
Cost Segregation Initiatives, LLC performs just one function…cost segregation. CPAs are on staff but this is not a CPA firm. (Note: Unlike some competitors, the company is not out to poach business from CPAs. We’ll work in conjunction with CPAs, not against them.)
Cost Segregation Initiatives, LLC was established to provide comprehensive, professional cost segregation studies to our clients. The team has more than 15 years of cost segregation experience and more than 35 years of tax preparation and planning experience.
Drop us a line at this link to find out how cost segregation can save you money at tax time!
Entrepreneur Peter J. Burns III didn’t invent cost segregation—but the Southern California-based entrepreneur has innovated this process, which can save property owners thousands of dollars at tax time.
Burns has also identified a simple way that cost segregation can be used to boost the often-unenviable task of charitable fundraising. In fact, cost segregation is a win-win for both donors and charitable organizations looking to raise money.
But first, what is cost segregation? It’s a method of reclassifying components and improvements of commercial and residential real estate. Using Internal Revenue Service guidelines, cost segregation results in reduced tax liabilities and increased cash flow—for both owners and lessees.
To initiate cost segregation, a third-party-certified study identifies, values and separates depreciable personal property. A certified analyst will appraise non-structural items (things like carpet, wall coverings, etc.) and adjust the scheduled depreciation.
The result? Acceleration of depreciation can lead to huge tax savings in the early years of the life cycle of a real estate property. This allows a property owner to catch up on savings that result from the depreciation adjustment.
It’s relatively simple. Under standard, straight-line depreciation, the default tax life on a commercial building is 39 years. Cost segregation professionals seek to identify the multiple pieces of personal property that can be placed on shorter—five-, seven- or 15-year—depreciation terms.
According to studies commissioned by Peter J. Burns III, doing a third-party-certified study for cost segregation usually result in 6 percent of the value of a building coming back in tax benefits. In one study, an $8-million rental villa returned $625,000 to the owner after cost segregation.
Cost segregation is a 100-percent legal process guided by IRS methodology. The IRS publishes guidelines for a cost segregation study on its website.
IRS guidelines allow this technique to be applied to newly built and existing buildings. However, the building must have been placed in service after 1987. The number of years owned by the current owner, prior renovations, and future renovation plans are some of the considerations used to determine whether a cost segregation study makes economic sense.
The technique has been widely used since 1997 as a result of two landmark tax court cases in which both Walgreens and Hospital Corp. of America prevailed against the IRS. Traditionally, engineering departments in Big Four CPA firms have used cost segregation with their large clients.
The modern application of cost segregation can be traced to those 1997 court cases—but it was Peter J. Burns III, who was serving as an adjunct faculty member at the Barrett Honor College at Arizona State University, who first tied the practice to other business ventures in 2005.
Using Cost Segregation for Innovative Charitable Fundraising
Seeking charitable donations for even the worthiest organizations is often an uphill battle. Nobody likes to be in the position of holding out their hand for money.
Tradition techniques include cold calling and letter-writing campaigns that detail why donations are important for the worthwhile mission of the charitable organization. Whatever method you use to seek funding, it’s often a tough sell with your donation base.
However, what if you can guide wealthy patrons into a simple way to create huge tax savings on their real estate properties? It’s logical that they can, in turn, donate a substantial percentage of those savings to your charitable organization.
It’s estimated there are 91 million buildings eligible for a cost segregation study. Yet, only five percent have undergone the process. According to Peter J. Burns III, that means that as much as $500 billion of potential funding for charitable organizations is still on the table.
It’s actually a simple transaction! Charities offer to commission a cost segregation study for donors—in return for a sizable portion of the resulting tax savings. This allows wealthy donors who own property to generate funds for the charity of their choice at no out-of-pocket expense.
If you’d like to find out more about this innovative process to do charitable fundraising, reach out to Peter J. Burns III, who can help match prospective donors with qualified cost segregation professionals.
In the last decade or so, opioid addiction has destroyed millions of lives and become an ever-increasing and dangerous plight which has flooded institutions and industries across our country: our schools, hospitals, prisons, workplaces and homes have been inundated with victims who have fallen prey to the empty promises of “Big Pharma”.
CNN Editorial Research found that theFDA approved an “abuse-deterrent” formulation of OxyContin to help curb abuse. However, people still found ways to abuse it as pharmaceutical companies pushed the drug and doctors continued to over-prescribe it. This was the initial wave of the opioid tsunami we now face as a nation (2019).
Then, in May of 2015 “the DEA announced that it had arrested 280 people, including 22 doctors and pharmacists, after a 15-month sting operation centered on health care providers who dispense large amounts of opioids. The sting, dubbed Operation Pilluted, is the largest prescription drug bust in the history of the DEA.” (“CNN Opioid Crisis Fast Facts”, 2019). This set the precedence for future prosecution of companies who have placed greed, wealth and personal gain over the lives and health of millions of victims and their families. As they’ve secured billions in profits, they’ve also left multitudes addicted and their families devastated.
That’s where the lawyers at TGKI Law – Opioid Crisis Recovery Law Firm have stepped in to recover damages and hold accountable those manufacturers and wholesalers who have saturated the market with these dangerous drugs. They understand the extent of the opioid crisis and have the knowledge and experience to help. They know that without this fight, millions more will continue to become addicted and the opioid death toll will only continue to rise.
“The statistics for opioid use and opioid-related overdoses are alarming. Every day, opioid addiction affects millions of Americans and their families. 115 Americans die each day due to opioid-related causes, and an estimated 7,000 people are treated each day for opioid-related complications.” (Murray, 2019).
In fact, in recent years, more people died from drug-related overdoses than gun violence or motor vehicle-related accidents (Freedman, 2018). 70,000 deaths were from drug-related overdoses, and 68% of those were due to prescription or illicit opioid overdoses. It’s important to remember that opioids includes various prescription medications as well as illicit drugs. The Centers for Disease Control and Prevention (CDC, 2018).
Johns Hopkins Medicine lists the most commonly used opioids as:
prescription opioids, such as OxyContin and Vicodin
fentanyl, a synthetic opioid 50–100 times more potent than morphine
heroin, an illegal drug
One need only to Google “Opioid Addiction” now to find page after page of opioid addiction surveys, checklists, support groups, rehabilitation centers, medical centers who specialize in it and lawyers who represent victims in this deadly national epidemic. There is no denying the magnitude of this crisis.
The precedence for litigation against Big Pharma was first set when the Tobacco Industry finally had to answer to their greed and deception as they lost a lawsuit against one of their many victims in February of 2000, and were ordered to pay the plaintiff 51 million in damages. Then Purdue Pharma pled guilty in 2007 for “misleading and defrauding” consumers by advertising Oxycontin as “less addictive” than other opioids. Clearly, justice is eventually served when enough victims come forward to hold companies responsible. We now know that the highly addictive nature of these opioids has led to millions of deaths and overdoses and has increased the number of people who become addicted to illicit opioids. (“CNN Opioid Crisis Fast Facts”, 2019).
Opioid addiction has hit all socioeconomic levels of society, from the poor to the wealthy. It has also affected many races. One which has been substantially hit are American Indians. On any given reservation, one in ten American Indians report that they or someone they know has become addicted to opioids. (Parkhurst, et al. 2018). Their lack of proper medical care may be a contributing factor in the cause of these alarming statistics, but what can they do right now to stop Big Pharma from continuing to take advantage of their communities?
Peter J. Burns, III is working in coordination with TGKI Law – Opioid Crisis Recovery Law Firm to bring justice to the millions of victims, including multitudes of American Indian families across hundreds of Indian reservations whose lives and family’s lives have been devastated by opioid addiction. They also know that victims and their families are entitled to substantial compensation, in many cases, for their pain and suffering, hospitalizations, medical treatments, rehabilitation programs, lost wages, funeral expenses and more.
Many victims and families of victims are standing up now. They have suffered and are ready to hold accountable “Big Pharma” for their pain and suffering. They are seeking counsel from TGKI Law – Opioid Crisis Recovery Law Firm because they know they are in good hands.
If they do not recover any damages, there is no payment. Fees are collected only if they are successful in recovering damages for the client.
There is NO UPFRONT FEE and NO COST.
Cases are accepted based on contingency fees so there is no upfront payment or other costs to the client unless damages are recovered.
A 25% Contingency Fee.
TGKI has agreed to accept a 25% contingency fee for tribes instead of the typical 33% fee charged by most attorneys for cases such as this. The 25% contingency allows the tribe to keep 8% more of any received damages versus a settlement negotiated by a competing firm with 33% contingency fee.
A short and simple Legal Services Retainer contract.
With their simple retainer contract, there is no need for lengthy review processes which could delay filing and result in a missed opportunity for maximum damage recovery.
TGKI is leading the fight.
TGKI Law – Opioid Crisis Recovery Law Firm has already filed over 80 cases on behalf of municipalities and various other entities and wants to help your family or your tribe recover its fair share.
Peter J. Burns III
by L. A. Rawleigh on January 5, 2020
Sources:
Murray, K. (2019). Who Opioid Addiction Affects. Retrieved from:
Rising Number of Deaths Involving Fentanyl and Fentanyl Analogs, Including Carfentanil and Increased Usage and Mixing with Non-Opioids. (2018). Center for Disease Control and Prevention. Retrieved from:
Burn$ Funding has announced the launch of Behavioral Group Homes, a division that will serve as an investment option for clients, as well as outside investors.
Behavioral Group Homes have returns that are much higher than owning a traditional rental property, and much less risky than an Airbnb type of real estate investment.”
— Peter J. Burns, III
LA JOLLA, CALIFORNIA, USA, July 23, 2019 /EINPresswire.com/ — Burn$ Funding, an emerging aggregator of non-traditional tools for securing growth capital, announced today the launch of Behavioral Group Homes, a new division that will serve as an investment option for its clients, as well as for outside investors. The launch coincides with Burn$ Funding placing three behavioral homes in the Phoenix area under contract. Behavioral homes are licensed to take care of some of society’s most challenged individuals, many who are developmentally and intellectually disabled.
Like the company’s announcement a few weeks ago of the launch of Luxury Group Homes as a new division, the introduction of Behavioral Group Homes taps into a growing trend in eldercare around group homes. Many studies have shown that demand for beds at nursing homes and assisted living facilities is outpacing supply. Group homes are a logical alternative.
As with investments in Luxury Group Homes, investments in Behavioral Group Homes could also prove lucrative, according to serial startup entrepreneur Peter J. Burns, III, the founder of Burn$ Funding. Behavioral homes typically generate 20% to 40% higher net income than traditional group homes.
A key component of the deal is that the current owner of the behavioral homes will remain a consultant to Burn$ Funding for 12 to 18 months. “He has an exemplary staff that has been with the company for several years,” said Burns. “There has been very little turnover, and we intend to keep it that way. On a related note, we plan to use these three homes as a showcase for our Behavioral Group Homes business, to show future residents, their families, the community, and investors how these types of homes should be managed. These three behavioral homes have consistently achieved high ratings from Banner Health, and in recent years, Banner Health has become a tremendous referral source for residents of these homes.”
Burns added that the homes are not only great for the residents, but also for investors.
“They generate a significantly higher Cap Rate and Cash on Cash Return than almost any other type of real estate investment,” said Burns. “Behavioral Group Homes have returns that are much higher than owning a traditional rental property, and much less risky than an Airbnb type of real estate investment, which is risky due to unknowns including zoning restrictions/changes, community issues and variable demand.”
About Burn$ Funding
Burn$ Funding is an emerging aggregator of non-traditional tools for securing growth capital. Three of those tools, in particular stand out. First, Burn$ Funding has institutionalized the bridge funding process to help clients reduce credit card debt and obtain a higher credit score. This allows Burn$ Funding clients to secure more capital at remarkably low interest rates, in some cases as low as zero percent for an introductory period of 12–21 months. Second, Burn$ Funding offers a market in shelf corporations, which are business entities that are no longer being used because their assets have been sold, typically through acquisition. However, these corporations are still viable because they have exemplary credit records. While these entities typically range in cost from $5,000 to $10,000, their clean record can help clients secure lines of credit for growth. Third, Burn$ Funding has pioneered the use of Cost Segregation to allow commercial real estate owners to generate capital (in the form of tax savings) based on a little known IRS allowance. A cost segregation study identifies aspects of a property that can be placed on accelerated depreciation life cycles, typically resulting in huge tax savings for eligible property owners.
Starting a small business and becoming an entrepreneur may sound appealing to many, but it certainly isn’t for everyone. It takes passion and a drive to succeed. Opening your own small business can sometimes seem like an impossible task, which is why it is important to start off with some useful knowledge to help get you started.
Having over 4 decades of experience in business and a passion for mentoring, serial start-up entrepreneur Peter J. Burns III was able to offer some essential tips for starting a small business. “As a lifelong entrepreneur, I can tell you that there is no perfect formula or secret blueprint for starting your own business. However, it is important to have some useful start-up knowledge in your back pocket before you hit the ground running with your new business venture,” says Burns.
Conducting Market Research
Serial start-up entrepreneur Peter Burns stresses that, “The first step to starting your own business is of course, coming up with a great business idea; but first, you need to figure out if there is a need for it.”
Before putting the parts into place it is essential to conduct market research. This will give you an idea of whether or not there is a demand for your product or service, or if your idea can be turned into a viable business. “You always want to make sure that the
There are certain marketing research tactics that are easier to use for small businesses looking to get started, such as:
Conducting online research
Conducting surveys
Asking your audience (conduct market research interviews)
Researching competitors -looking at their strengths and weaknesses (online presence, marketing strategy, etc.)
A good place to start conducting marketing research would be gathering information on similar existing businesses as well as the potential consumers you will be targeting.
Making a Business Plan
Any entrepreneur will tell you that a business plan is one of the essential building blocks of starting your own business. According to expert entrepreneur Peter J. Burns, “A good business plan should list the key elements of your business, and lay the foundation for exactly how you intend to start, manage, and grow your new business”. They are useful for showing investors how you intend to make money and provide returns on their investment, as well as for convincing potential business partners why they should work with you.
When he was a freshman at the University of Virginia, Burns enrolled in an Entrepreneurship course typically reserved for seniors. The students were assigned with the task of coming up with a product or service and writing a business plan to put the idea into place. “My business idea focused on importing mopeds from Europe to the U.S., and renting them out to tourists around resort areas,” Burns explains.
At the conclusion of the course, Burns used his business plan to start the first moped rental business in the U.S., making $55,000 in 10 weeks. “Without the business plan I created in my Entrepreneurship class at UVa (with the help of some fellow classmates), I would not have had the tools to turn that idea into a reality”, says Burns.
Financing Your Small Business
Funding is the stumbling block of so many entrepreneurs. Without it, your new business idea has a significantly lower chance of getting off the ground and up and running.
It is important to be realistic and consider your own financial situation as well as the options around you, in order to decide the best way to go about funding your business. If funding your startup yourself is not an option, seeking out a loan or line of credit may be a good place to start. Unfortunately, applying and qualifying for a bank loan can be extremely tedious and difficult.
“This is why I started my own financial services firm, Burns Funding.” According to Burns, “Our mission is to provide funding for aspiring entrepreneurs to help get their businesses off the ground, without the hassle that goes along with applying for a bank loan or falling pressure to something even more risky, like taking out a home equity loan”.
Burns Funding uses a unique bridge funding process, providing access to more capital, at better rates for consumers, entrepreneurs, and business owners. They are also able to provide access to funding for those with low credit scores, by taking them through their credit repair process to help them qualify for more funding. Money Inc. published an article recently which describes the process in more detail here.
This is just one of the many options you can seek out in order to help cover the start-up costs of your small business. Once you acquire the capital to help your business take off- whether with the help of angel investors, friends or family, or loans, you will put in a much better position to start achieving your goals.
Note: Previously published by Peter J. Burns III on Medium (2019)
Peter J. Burns III and young entrepreneurs
Peter J. Burns III with young entrepreneurs
Peter J. Burns III | Peter J. Burns 3 | Burns Funding 