On Tue, Jun 17, 2008 at 1:02 PM, Jay R. Ashworth <[EMAIL PROTECTED]> wrote: > On Tue, Jun 17, 2008 at 12:00:18PM -0400, C F wrote: >> 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... > >> LLCs? > > No, my assertion was that I believe that 'Steve's assertion that it is > illegal and a breach of duty for a corporation's officers to own its > real estate and lease it back to the company' may be dependent on > whether the company is publicly owned or not. > > I suspect that there is no breach in the case of a private company, > because different fiduciary duties pertain. > > I'll ask my client who's the ex-president of one of the companies I was > talking about. >
Please don't attribute quotes to me that I did not make or even "assert". It was CF and maybe Alex.... Re-read the thread and stop showing your a**...... Comprehension and retention is key. Thanks, Steve Totaro _______________________________________________ -- 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
