network profile
| bio | website | |
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| visits | member for | 9 months |
| seen | May 17 at 11:35 | |
| stats | profile views | 8 |
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May 17 |
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US Company, tax offshore holdings to shareholders @SteveJones its not, although maybe I can get a professor to make it one so I can get some clever responses |
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May 17 |
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US Company, tax offshore holdings to shareholders oh hi @littleadv , I thought this would be the place to ask it. I was just hoping some tax professors were lurking this forum, outside of the ones I usually talk to |
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Sep 17 |
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New shareholder class for special dividend? I'm really just waiting for sources proving the roadblocks and hurdles to such a plan (or case studies), not fear,uncertainty and doubt based on the perceived uncommon practice of moving capital that way |
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Sep 17 |
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New shareholder class for special dividend? probably not lawsuit with a good enough purpose. Here is one: Lets say your normal Class A shares gave a conservative 3% dividend, these shares can be allocated by billions of dollars from institutional investors, and with every dividend they make millions a year. while smaller investors only have limited cash inside their retirement accounts, maybe $5k-$10k dollars, the corporation -in theory- could offer this smaller class B of shares, which would be fully allocated with $5000 amongst a few hundred shares, & offer $35,000 dividends per share-for example |
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Sep 17 |
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New shareholder class for special dividend? just, slightly extended discussion on theory. awaiting continued constructive input |
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Sep 17 |
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New shareholder class for special dividend? lets just continue our discussion on theory for entertainment and expressive purposes. is that a good enough disclaimer. The pro of this possibility is a smaller shareholders could reap greater benefits. for instance, lets say you have a multibillion $ corporation with millions of shares outstanding in class A. I'm thinking a Class B could have only 10 shares worth $1 each, but each of those shares would get a $100,000 dividend. Something very well priced in to the general revenue and profits. I feel like Bain Capital did something similar a few times |
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Sep 17 |
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New shareholder class for special dividend? okay, interesting. I got a chance to look up the major stakeholder abuse thing, seems like there are more than enough jurisdictions to play around with on this issue, and the dividend would be issued long before the courts even took a cursory look at it. I think the concept is interesting because the shareholder could deploy very little capital for the corporation-approved payout, transferring wealth very conveniently anywhere |
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Aug 29 |
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Can you reduce New York LLC publication fee by using a registered agent? @littleadv understandable, I am much more of a consequentialist than a deontologist . the only tax consequence is the publishing tax. the OP will pay NY state taxes as the LLC is a disregarded entity and all earnings will flow through to him |
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Aug 29 |
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Can you reduce New York LLC publication fee by using a registered agent? @littleadv year 1 - pay $200 filing fees for wyoming , year 2 - pay $50 wyoming compliance, year 3 - pay $50 wyoming compliance, year 4 - need to sue client in NY, pay $50 wyoming complaince, $1600 NY publishing complaince, pay $200 certificate of authority complaince. This is how my way works, a lot cheaper. The limited liability of the entity itself will extend to all jurisdictions when the courts lean on the laws of the jurisidction it is created in |
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Aug 29 |
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Can you reduce New York LLC publication fee by using a registered agent? how is this going over your head, I know what you said and I know that foreign llc's are "required" to register. I'm saying you don't because there is no consequence for not doing so, no, nadda, none, zip, zero filing fees for NY, henry even posted case law. cross the bridge if you ever get there |
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Aug 29 |
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Can you reduce New York LLC publication fee by using a registered agent? no, and there is no consequence of not registering. his llc can enter into contracts, get paid, and if he has difficulty enforcing them he can get registered IF he needs to use NY courts as opposed to some other states court depending on where the client is |
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Aug 29 |
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Can you reduce New York LLC publication fee by using a registered agent? @littleadv what Henry posted nullifies your argument. if he publishes at any point in the future, even after being sued, he gets limited liability protection. This decision is based on the consequences of noncompliance - which are negligible - not the concept of noncompliance in and of itself |
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Aug 29 |
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Can you reduce New York LLC publication fee by using a registered agent? @littleadv nobody needs to know he is domiciled in new york. if anybody looks up the LLC they will see addresses in wyoming. all his contracts with clients should reflect that, or have a PO box. which cannot be served for court process in NY. |
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Aug 29 |
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Can you reduce New York LLC publication fee by using a registered agent? @littleadv if his LLC owned property in new york it would make a difference. he is doing tech stuff only, intangibles, keep it on the net |
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Aug 29 |
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Can you reduce New York LLC publication fee by using a registered agent? @littleadv it doesn't matter that he is domiciled in New York. The LLC is its own entity and even the registered agent may let you use their address for the LLC's "domicile" |
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Aug 29 |
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Can you reduce New York LLC publication fee by using a registered agent? @littleadv if his LLC is formed in any other jurisidction, it will be in good standing with that jurisdiction. which is all that matters, there is no record of the LLC in NY |
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Aug 29 |
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Can you reduce New York LLC publication fee by using a registered agent? OP can create better liability protection by filing in a different state |
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Aug 21 |
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Seeking Information About the Continued Costs of an LLC. Should I Talk to a Lawyer or Accountant? calling the regulatory authority or going to the regulatory's website can work. the main incorporation sites that will sell you on using their service for nv incorporation won't tell you about all associated costs online |
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Aug 21 |
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Seeking Information About the Continued Costs of an LLC. Should I Talk to a Lawyer or Accountant? @littleadv its not always on the internet, general assembly happens in january for many states, laws will change faster than the internet gets updated |
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Aug 21 |
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Seeking Information About the Continued Costs of an LLC. Should I Talk to a Lawyer or Accountant? actually not always true. take Nevada for instance, the $200 "business license" isn't mentioned on the main nevada incorporation sites on google, nor are the costs of noncompliance. in this case, calling the regulatory authority works best, but even then asking the right questions isn't obvious |
