This is a short YouTube video (speaker: Louis/Luis Barajas) advising undocumented business owners on converting from being self‑employed to becoming a business owner so the business can continue and generate income even if the owner is deported or must be outside the U.S. Key practical recommendations: set up a general durable power of attorney, build systems and hire trusted people to run the business, and shift mindset from ‘job-for-self’ to transferable business ownership.
Chapters
Hi everyone, this is Luis Baragas. And if you are undocumented and own a business and you may be deported, or think about that, you may be deported. I will share with you that one of the most important things that I've talked about over the last 20 years is how to convert you from being self employed to being a business owner. What is the difference? If you're self employed, you've created a job for yourself and you have to be there every day to earn income. And if all of a sudden you can't be here in the United States anymore to run that business, you're going to lose all that revenue source and that you have, that's the money that you've been living off of. If we start thinking about how to convert that self employed job into a real business where you do not have to be there every single day, that means that you can earn your income anywhere in the world, even if you have a business here in the United States. What a great opportunity for you to do that. And so I'm getting emails right now from a lot of self employed individuals who are concerned that they're going to lose their business. So as I've been talking in the past or the last few social media posts is get a general durable power of attorney for someone that you absolutely trust to help you run your business. If they can run the business without you being here in the meantime, even while you're there, we can figure out a way to how to convert it into an actual business where you can hire people who can run the business without you being actually physically in the United States. There are tons of business owners that live in, not just in Latin American countries and European nations that have businesses in the United States who are making tons of money and do not have to be here. So that's another way. Okay, so that's what's happening right now. I'm just answering actually an email to somebody who's right now very concerned about their business. I've written books about it. Go to our website, you can go to Amazon.com, look at my name.
Again. I'm not here selling you books, I'm not here selling you coaching programs. But there's ways to change the mindset about how you own your business. Now you're going to have to understand that you're going to have to lose some bit of control by having somebody else run the business. But, but with the proper systems in place, you can absolutely do this. Okay, I want everyone who's on our site and our social media sites to build wealth. And you don't have to build it just here in the United States. You can build it selling products here in the United States, but you can be outside of the country. And what a wonderful opportunity again. And most of the people that I've helped throughout the last 40 years who have reached a level of financial success own their own business. So think about that as well and talk to you soon.
