Q 1) Which choice, Domestic profit?
http://www.sec.state.ma.us/cor/corpweb/corcor.htm
I understand someone else besides myself has to be named within the options?
What is the possible pitfalls of that if it is so? Should that party be the accountant? (you said hire an accountant), or just someone you trust to get the paperwork to you?
I presume this is the party who you would call to provide the notices and proof of lien to the court to over rule a warrant...
Can the corporation be the same as the name on the birth certificate? why/whynot
(refferencing the party in FL who put a hold on the name making it a fiction)
Can this situation be offered to others as a benefit?
Can it be a source of collateral to the company?
Q 2) How is the corporation supposed to open a bank account without a drivers license ID? they want one and gave me a hard time just to close a business account, so i went to a different branch and had no problem. but they still wouldnt answer the question i asked them when i told them i had to do a corp & lien, i presume if the corporation holds any funds it needs to be on deposit somewhere.
if I lien my Bcert. and claim it's worth say 3M$ can the company then 'borrow' against that from a bank?
The Division is the filing and public information office for corporations, other business entities, filings made under Article 9 of the UCC and trademarks.
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Scott Duncan
Yes, you need to commission a TRUST in commerce. That is what a corporation IS.
...so set it up with somebody you TRUST.
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Chris Evan
David Johansen, I have been into the same thing here!
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Chris Evan
And I don't know enough about this. I was thinking one could start a Common Law TRUST by using a Notary and Public Notices, then notify the SoS to issue a number to operate in Commerce with.
I know this process can be done using a Corporation Sole, but that is a whole can of worms.
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Bill Wiethaup · Bildo Schmildo
Not sure, but I think that is SS-4 for a common law trust.
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David Johansen
ok that explains it. the first bank person said 'current' (dLic) ID<(clue), and asked specifically about the issued number. AHA so the drivers license # is issued to be doing business with the state. it's a secret agent id, only its in reverse. (the secret is kept from us)
is that like brownie points for me?
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David Johansen
so to open a bank account in the corporation's name, i'm the agent (autographer), the corporations registration number is the 'license', and the corporation vouches for me at my word, i am who i say i am, and there's where the peacekeepers society ID comes in.
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David Johansen
ok, so my father turned me down to be that party: trustee, but i have another in mind i can trust that well. he's the friend that told me what that person can do (take it all).
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Scott Duncan
If you have to "shop around" you are in NO position to set up a trust.
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David Johansen
right, i gather that.
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David Johansen
I still need to review the specifics regarding the procedure, so i can have a nice row of ducks rather than all scatterbrained... who/what/where is the item that other party i would consider be placed into, not one of the corporation names but in the trust as the trustee? (what is the position of that 'other' party), and why is it such a 'compromising' position?
what if it were duplicated with the parties in reverse and dual companies with individual trusts each being equally responsible to the other creating a reciprocal liability?
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Scott Duncan
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Chris Evan
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Chris Evan
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Bill Wiethaup · Bildo Schmildo
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David Johansen
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David Johansen
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David Johansen
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Scott Duncan
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David Johansen
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David Johansen
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