Alex

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Alex

Alex

@sidehustlealex

stupid shit and biz stuff

ecom trenches Katılım Eylül 2021
180 Takip Edilen22 Takipçiler
Alex
Alex@sidehustlealex·
The secret to overcoming brain fog, stress, and feeling overwhelmed is as easy as practicing gratitude. Realizing there’s no point of feeding yourself with negative emotions and knowing that God is always by your side is one of the greatest lessons I learned when I was trenching
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Alex
Alex@sidehustlealex·
Never thought id spend a year salary in a month 1 year ago I had -$261.14 in my chequing account How quickly times have changed 😮‍💨
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wing
wing@wingst3r·
@sidehustlealex proud to say that i got to see the come up, this is only the beginning ☝🏼
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Alex
Alex@sidehustlealex·
Paid my parents debt Giving them peace of mind is worth every penny No materialistic flex can give a better feeling than this.
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Alex
Alex@sidehustlealex·
@umzrs image
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Umar
Umar@umzrs·
You can now create brand kits just like this in a matter of seconds. I put together a playbook on how to make it. like + comment "image" And I'll send it over
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Alex
Alex@sidehustlealex·
Hardest part of ecom is coming up with a banger brand name
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Alex
Alex@sidehustlealex·
@Lukealexxander Scribe has been great for client and hiring on-boarding, lays out everything the simplest way possible
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Luke Alexander
Luke Alexander@Lukealexxander·
What are the best self serve onboarding experiences you’ve ever had for a software?
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Alex
Alex@sidehustlealex·
@Tallbendy Thank you bro 🙏 bigger things to come
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Alex
Alex@sidehustlealex·
Found where they held my payouts
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Phantom Stays
Phantom Stays@PhantomStays·
Just got off a call with a Canadian🇨🇦 ecom founder running a $40M/year Shopify brand, holds 2 passports too. Sharp guy. Seriously impressive setup, wild numbers. But underneath all of it its a ticking time💣 His business is tied to a Canadian corporation and Canadian PayPal, and with the brand tracking toward a record year and an 8-figure exit planned in 1–3 years, every single month he delays restructuring, his Canadian exit tax liability climbs higher. Traditional tax attorneys keep dropping the ball because they don't actually understand global e-commerce or Shopify. He's been stuck without a clear path forward. Here's exactly how we're solving it. The goal is to shift the entire business to a pass-through US LLC before the exit, which, when paired with proper foreign tax residency, unlocks 0% corporate, 0% personal, and 0% capital gains on the whole thing. To pull this off cleanly, we work through a few critical layers: 🔥 First, the payment stack migration. We move him off Canadian Shopify Payments and onto US Shopify Payments under the new LLC. This requires forming the LLC, getting an EIN, securing a real US business address, and opening a US business bank account with Mercury or Slash. A fresh US PayPal account gets opened under the LLC as well. This severs the revenue reporting trail back to Canada entirely. 🔥 Next, tax residency. He's got two clean paths: → Paraguay: few grand to setup, ~$500–$1,000/year to maintain, and zero days of physical presence required. 0% personal tax on foreign income. No mandatory local bank account. Total flexibility for a nomad lifestyle. One of the most underrated setups on the planet. → Panama: A fast-track 5-year citizenship program for a $200k investment. Stronger passport, deeper long-term optionality given he's already building toward starting a family. We're running both scenarios with our community tax attorney to find the cleanest fit. 🔥 Then, the exit filing. Once the US LLC and new residency are locked in, typically within 3–6 months, he formally files his Canadian exit. A specialized cross-border tax attorney handles the final Canadian exit tax valuation to legally minimize what's owed at departure and sign off on the full global structure. The good news is, he hasn't been spending signifigant time in CA the past few years (less than 3 months). So this should be relatively painless. The outcome here is genuinely staggering. Once he is setup fully, he will be eligible for a completely clean 8-figure exit with 0% corporate, 0% personal, and 0% capital gains tax. He continues stacking cash tax-free for the next 4–6 years across his Shopify brand, consulting business, etc. When he's eventually ready to return to Canada and start a family, he comes back with a fully protected, generational windfall that was built entirely outside the Canadian tax net. The wild part? None of this is exotic or aggressive. It's just proper structure, done early enough to matter. Most founders wait until the LOI hits their inbox before they start thinking about tax on the exit. By then the damage is already baked in. The only move that actually works is restructuring while the business is still private, still growing, and still yours to reposition. If you're running a high-revenue online business and planning an exit in the next few years, we should talk before the clock runs out.
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Alex
Alex@sidehustlealex·
Does larping count as a tax write off
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Alex
Alex@sidehustlealex·
$100k month incoming I could just feel it in my balls
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Alex
Alex@sidehustlealex·
If anyone in Canada doing ecom can hit me up with a cracked accountant Need to “legally” avoid paying damn near 50% in taxes
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Alex
Alex@sidehustlealex·
@adv_ceo Adversity is a privilege 💯
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Dom 🧙‍♂️
Dom 🧙‍♂️@adv_ceo·
If you are hustling and testing stuff but nothing is working out at all and every day feels like losing, just read this quote daily. What a privilege it is to be tired from the work you once begged the universe for. What a privilege to feel overwhelmed by the growth you used to dream about. What a privilege to be challenged by a life you built on purpose. What a privilege to outgrow the things you once settled for.
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Alex
Alex@sidehustlealex·
A Shopify plaque is worth more than a college degree Change my mind.
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Alex
Alex@sidehustlealex·
@PhantomStays This sounds insane, but what’s the catch?
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Phantom Stays
Phantom Stays@PhantomStays·
Dubai is like living in glorified LEGO world. Unlivable for 8 months per year. Nothing natural about it, sterile at best. Paraguay🇵🇾 0% tax residency with 0 day requirements mogs the “City of Gold” 🇦🇪 90 day/yr option. Paraguay unlocks a global life of true FREEDOM. More & more of my community is making the switch. The real will get it. And those who fell for the mystique of dubai will quietly fume until one day they too will relinquish their residency. After all, there is no permanent home for foreigners there, only a shallow, temporary lust to be found in Lego land. To be fair, to the people who made the residency switch to Dubai initially, it’s not their fault. The UAE made a KILLER marketing push 10-15 years ago. They milked global high earners dry, making them think it was only option for 0% tax residency, when in fact it is the worst & most expensive option for a majority of founders.
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Alex
Alex@sidehustlealex·
1 year ago I was sleeping in an unfinished basement freezing my ass off every night. I was in serious debt, severely depressed, and have nothing accomplished in my life. I had extreme hatred for my situation, so I decided to take the risk and go all in on business and change my life because I had nothing to lose and everything to gain. I cut all distractions, cut off friends, no social media, worked till I starved myself, and didn’t even speak to my family. However, I was building all the skills that would later benefit me in business and life. There were so many times I wanted to give up, but I had this bulletproof belief and delusion that I know that I’m gonna get the life I want. 1 year later I’m now living in my high rise apartment I always dreamed of. Quit my 9-5, able to travel any time I want, and never having that money anxiety whenever I spend (huge one). I nowhere near “made it” yet, but I’m definitely living more comfortable and I’ve grown more as a person. I plan to continue working and always be better even as little as 1% each day. It only takes 1 year. I’m living proof that everything is achievable if you really put your mind into it. I’m grateful I documented the whole journey, not sure if I will post videos about it in the future, but I mostly did it to prove myself. All you need is 3 things in life to get where you want to be. Never give up, always be learning, and work hard. It’s simple but people underestimate how much that really takes. Theres one quote that changed everything for me “if your current reality is the worst case scenario, then what’s the real risk?”. It only takes one decision to change your life, you’d be stupid to take the easy way and not take any risk. I guarantee you you’d be way more fulfilled if you did. You are the master of your fate. You design the life you want, NO ONE is coming to save you. Kill all limiting beliefs. Dedicate 1 year to doing hard things. And you will live easy for the rest of your life.
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