Veteran entrepreneur Peter J. Burns III is turning a unique relationship with the Vietnam-based HI-TEK company into an opportunity for investors to help ship Personal Protective Equipment (PPE) from Vietnam to the United States.
For four decades, Peter J. Burns III, now based in Southern California, has started up, expanded or partnered with more than 150 businesses all over the globe. The serial entrepreneur has worked with HI-TEK in a variety of business capacities in the past, especially in the travel industry.
“We’ve had a great, exclusive relationship with Thomas Johnson of HI-TEK, and this business opportunity with PPE is an extension of that,” Burns says.
Johnson is chairman and CEO of HI-TEK, a company he co-founded 25 years ago. He has actively provided technical guidance for online search technology, internet advertising, social networking, tracking and optimizing performance metrics, blockchain technology and e-commerce for the global travel and tourism market.
Recently, the HI-TEK software development team and their strategic global technology partners have produced numerous proprietary e-commerce and mobile travel booking applications that accept digital Travel tokens (HI-TEKCOIN) as a form of crypto payment.
HI-TEK and PPE
For decades, HI-TEK has been an authorized business partner with a unique relationship to the Vietnamese government. The company developed the first internet (.vn) domain registration platform in 2003, online travel booking engine in 2005, and secured visa registration software in 2018.
The company has been recognized by the Vietnam government for significant contributions to the country’s economy.
Working closely with the Vietnamese Ministry of Trade, HI-TEK has produced an online database of all Vietnamese businesses. That allows for direct access to major manufacturers, factories, and business owners.
HI-TEK has worked with the Vietnam government to create partnerships with PPE glove factories and to ensure reliable delivery of quality Nitrile glove products to clients worldwide.
Johnson’s company arranged a meeting between the Ministry of Trade and the top five glove manufacturers, and the result was production of extra PPE to support the high demand in the United States’ hospitals and medical clinics.
Vietnam, incidentally, has been a COVID-19 success story, having recorded relatively few cases and zero deaths, according to a BBC report.
HI-TEK and Peter J. Burns III
Peter J. Burns III is combining his exclusive relationship with HI-TEK and Burns Funding, his “customized-funding-solutions” company that offers primary credit lines, bridge loans and shelf corporations.
“This is an amazing opportunity that is available because of the relationship I have with Thomas Johnson,” Burns says. “HI-TEK has a direct pipeline to manufacturing in Vietnam. And Vietnam has been working for years to be an alternative to China. Vietnam also has better quality that China and is less expensive.”
Several VA hospitals in the United States and many doctors’ offices and nursing homes have already received these highly needed nitrile gloves. This is a unique opportunity to successfully invest in PPE while providing life-saving equipment to our frontline healthcare professionals.
For more information or to see if you’re qualified to acquire a loan from Burns Funding and participate in this Global PPE Distribution Network, go to burnsfunding.com or send an email here.
According to researchers, climate change is a major force in creating more interactions between humans and sharks—but entrepreneur Peter J. Burns III says he’s got a creative and effective idea to keep beaches safer for people who want to recreate in oceans and coastal areas.
Climate change is heating waters along the equator, pushing aquatic creatures poleward, according to the National Oceanic and Atmospheric Administration (NOAA). As sharks seek cooler waters they increasingly come into contact with surfers and beachgoers. They’re flocking to subtropical coastlines in record numbers.
Changes in habitat have been shown to provoke changes in behavior—and one bite provokes significant response in the media. Peter J. Burns III’s Orca Project aims to help curb that response—and more importantly, to keep coastal regions safe for swimmers.
What is the Orca Project?
When shark attacks occur or sharks are sighted in local waters, both tourists as well as locals are scared away from the beach. In coastal towns, beach tourism is a key component of the economy. If the amount of foot traffic is affected coastal businesses and communities suffer.
If sharks are a detriment to life, limb and local tourism, turns out killer whales can be the savior. Yes, Orcas. They don’t attack humans in the wild—but they do find sharks to be delicious.
No, you can’t hire an Orca to guard your beach.
However, a startling trend has been observed in which numerous mutilated carcasses of great white sharks have been washing up on the shores of beaches of South Africa. After observing the size of the bite marks on the shark, scientists have determined that the predator responsible for preying on the great whites is the Orca.
Other scientific studies have pointed to the notion that the sight or sound of Orcas in the area sends sharks scurrying away—sometimes for up to a year.
Peter J. Burns III believes that local beach communities could alleviate shark problems by synthesizing the smell or sound of Orcas and “broadcasting” it in ocean waters. This would theoretically create a natural “shark repellent” that could divert sharks away for months.
To that end, Peter J. Burns III has been actively reaching out to the Orca Conservatory to get them involved in this project.
“We can learn a lot from researching Orcas, who are not known to harm people and are in need of conservation,” Burns says. “When orcas enter an area, sharks will leave and do not return for months. Additional focused research efforts into the biological manner by which Orcas frighten sharks can help save human lives. Once we know more about the sounds, pheromones, and other signals which orcas give, we can use that information to protect people.”
Significant Numbers of Shark Attacks
Serial entrepreneur Peter J. Burns III would fit right in on the TV show Shark Tank. Over the course of a 40-year career, he’s started more than 150 businesses. However, the Southern California resident is the first to admit that hanging out in the ocean with real sharks is not his ideal place to be.
He’s not alone. And like a true entrepreneur, Peter J. Burns III wants to turn his distaste for shark-infested shorelines into a business opportunity. Hence, his drive to create interest in The Orca Project.
In recorded history, United States beaches have been the scene of 1,441 shark attacks—more than any country in the world. Now, a gruesome shark death (like in the Jaws movies) isn’t exactly common, but there definitely are places where you should be on guard.
The file being maintained in Florida is fitting. The state’s Volusia County has been dubbed the shark bite capital of the world. Since 1882, Volusia has recorded 303 shark attacks. The region had the highest number of annual shark-bite incidents in 2016-18.
Other spots you’ll want to avoid if you don’t like your odds in the water against sharks include: New South Wales (Australia), the Eastern Cape of South Africa, Maui, Pernambuco (Brazil), Reunion Island (Western Indian Ocean) and Charleston, South Carolina.
Don’t look for Peter J. Burns III out in the water in any of those spots. But do take a look at his Orca Project plan to combat against shark-infested waters. And for more information about The Orca Project, reach out to Peter J. Burns III on his website.
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.
A positive outlook on life—despite the gloom and doom brought by the COVID-19 crisis—will always pay dividends, according to serial entrepreneur Peter J. Burns III.
He has a singular message that applies to your personal and professional lives: “Don’t whine about what is missing. Embrace what you have in front of you and just live your life. As the old saying goes about the calamity facing us now—this, too, shall pass.”
On the business front, Peter J. Burns III has kept moving forward during the coronavirus pandemic. He closed a significant transaction—acquisition of control of the board of the country’s first and best-run Cannabis Church.
The Agora Temple is located on Melrose Avenue in Los Angeles. This unique vertical is a religious institution that serves cannabis as a sacrament (more on this later). The church also is a significant force in bringing large charitable bequests to many underserved communities.
“Making a large investment in a completely new field appears counterintuitive to common sense, especially during one of the most fearsome economic downturns in America’s history,” Peter J. Burns III says. “But for me, it’s par for the course.”
On the personal side. Burns—who has had a hand in building 150 companies over an illustrious, 40-year career—says he’s using time during self-quarantine that’d he’d normally devote to finding new business ventures to enjoy his surroundings.
Based in Southern California, Peter J. Burns III is safely and responsibly—per social distancing guidelines—taking work-break walks in the gorgeous community of Del Mar. Before the coronavirus pandemic, he similarly discovered the beauty of La Jolla, Ocean Beach, Solana Beach, Encinitas and Cardiff-by-the-Sea.
“I’m lucky to live in an area that has extensive natural beauty and miles and mines of beach communities with amazing coastlines,” he says. “I’m really appreciating that right now.”
A Few Notes on the Cannabis Church
Cannabis churches are not new, but they are still in the fledgling stage. 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,” Peter J. Burns III says. “We have an exemplary leadership team at the existing location, and 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.
Always Moving Forward
In good business climates, as well as the dismal one we are now in, Peter J. Burns III will continue to embrace what he has on his plate. Yes, this, too shall pass. And he’ll continue to create start-ups and look for savvy business partners.
There are always opportunities for investors—even as the country embraces a new, post-coronavirus economy. For more information, reach out to Peter J. Burns III: (peterjburns3@gmail.com).
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.
Peter J. Burns III and young entrepreneurs
Peter J. Burns III | Peter J. Burns 3 | Burns Funding 