You are probably confusing corporate tactics to pay less taxes vs corporate tactics to protect assets. The first does provide some asset protection but is mainly to pay less taxes. The second is to basically "hide" assets through totally legal LLCs.
Thanks, Steve Totaro On Tue, Jun 17, 2008 at 12:00 PM, C F <[EMAIL PROTECTED]> wrote: > LLCs? > > On 6/16/08, Jay R. Ashworth <[EMAIL PROTECTED]> wrote: >> On Sat, Jun 14, 2008 at 11:13:31PM -0400, C F wrote: >> > > Happens in the commercial world all the time; it's a common way to "get >> > > cash out of the corporation" -- a business's building is owned by the >> > > corporation's owners, and rented to the corporation. >> > >> > This is actually illegal in some states and considered a breach of >> > Fiduciary everywhere. >> >> May be, but I know at least 3 owners of private corporations who are >> doing it, and their auditors seem fine with it. I think that it >> matters whether the corporation is public or not... >> >> Cheers, >> -- jra >> -- >> Jay R. Ashworth Baylink [EMAIL >> PROTECTED] >> Designer The Things I Think RFC >> 2100 >> Ashworth & Associates http://baylink.pitas.com '87 >> e24 >> St Petersburg FL USA http://photo.imageinc.us +1 727 647 >> 1274 >> >> Those who cast the vote decide nothing. >> Those who count the vote decide everything. >> -- (Joseph Stalin) >> >> _______________________________________________ >> -- Bandwidth and Colocation Provided by http://www.api-digital.com -- >> >> asterisk-users mailing list >> To UNSUBSCRIBE or update options visit: >> http://lists.digium.com/mailman/listinfo/asterisk-users >> > > _______________________________________________ > -- Bandwidth and Colocation Provided by http://www.api-digital.com -- > > asterisk-users mailing list > To UNSUBSCRIBE or update options visit: > http://lists.digium.com/mailman/listinfo/asterisk-users > _______________________________________________ -- Bandwidth and Colocation Provided by http://www.api-digital.com -- asterisk-users mailing list To UNSUBSCRIBE or update options visit: http://lists.digium.com/mailman/listinfo/asterisk-users
