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<title>Corporate Service Center&#x2c; Inc. White Papers</title><link>http://www.corporateservicecenter.com/index.html</link><description>News&#x2c; strategies&#x2c; opinions&#x2c; and research on using Nevada corporations and llcs</description><dc:language>en</dc:language><dc:creator>derek@rowleymail.net</dc:creator><dc:rights>Copyright 2008 Corporate Service Center&#x2c; Inc.</dc:rights><dc:date>2008-09-22T12:11:31-06:00</dc:date><admin:generatorAgent rdf:resource="http://www.realmacsoftware.com/" />
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<lastBuildDate>Tue, 19 Aug 2008 21:33:51 -0600</lastBuildDate><item><title>Rhode Island nightclub fire settlement</title><dc:creator>derek@rowleymail.net</dc:creator><category>litigation</category><dc:date>2008-09-22T12:11:31-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/887d1f4ae33e9a6736dd22a28a50c5dc-28.html#unique-entry-id-28</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/887d1f4ae33e9a6736dd22a28a50c5dc-28.html#unique-entry-id-28</guid><content:encoded><![CDATA[<span style="font-size:11px; ">by Derek G. Rowley (c) 2008.  All rights reserved.<br /><br /><br />LAS VEGAS - You will recall the tragic 2003 nightclub fire in Rhode Island that occurred when the rock band Great White set off fireworks in the club that ignited soundproofing foam, killing 96 and injuring over 200.  I saw a news report that Clear Channel Communications, which owns a local radio station that helped promote the concert, recently settled for $22 million, even though they had nothing to do with the fire.  Apparently Rhode Island&rsquo;s &ldquo;joint and several liability&rdquo; laws allow for the liability to extend to anyone with the remotest connection to the event.  Thus, JBL Speakers settled for $815,000 because their speakers contained flammable foam; Anheuser-Busch settled for $5 million and their local distributor for $16 million because their beer was sold at the nightclub; the manufacturer of the foam paid $16 million - even though their foam was not designed for the way it was being used; WPRI-TV paid $30 million because their cameraman&rsquo;s equipment allegedly blocked an exit.  WPRI was there to do a story on the fire dangers of nightclubs when the fire broke out.</span>]]></content:encoded></item><item><title>Most Downloaded:  Social Security</title><dc:creator>derek@rowleymail.net</dc:creator><category>web </category><dc:date>2008-10-01T12:10:08-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/0791102a7435c23877915d03e230565d-27.html#unique-entry-id-27</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/0791102a7435c23877915d03e230565d-27.html#unique-entry-id-27</guid><content:encoded><![CDATA[<span style="font-size:11px; ">As our population continues to age, with the Baby Boomer generation starting into retirement, businesses need to identify how to tap into that growing market.  A recent email I received reported the &ldquo;most downloaded&rdquo; legal reports accessed by lawyers over a 60 day period.  The winner?  </span><span style="font-size:11px; "><em>A Guide to starting Social Security benefits</em></span><span style="font-size:11px; ">.</span>]]></content:encoded></item><item><title>Drunken lawsuit</title><dc:creator>derek@rowleymail.net</dc:creator><category>litigation</category><dc:date>2008-08-25T12:06:52-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/9079c1a2f30a2b729ea8561da704dde5-26.html#unique-entry-id-26</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/9079c1a2f30a2b729ea8561da704dde5-26.html#unique-entry-id-26</guid><content:encoded><![CDATA[<span style="font-size:11px; ">by Derek G. Rowley (c) 2008.  All rights reserved.<br /><br /><br />LAS VEGAS - In May, 2005 a man in Connecticut drank 5 large margaritas at a restaurant and then walked to the New Haven train station.  According to court documents, he claims that the ticket agent sold him a ticket and told him the train was waiting on track number eight, and he&rsquo;d &ldquo;better hurray&rdquo;.  So, he drunkenly stumbles onto the first train he finds - an out-of-service metro train.  The doors close and the train travels to the train yard, about 10 minutes away.  When the doors opened, the man saw that there was no train platform.  He looks down and can&rsquo;t see the ground.  So he jumps from the train, spraining his ankle.  And then he files a lawsuit.  On July 11th, the Judge threw the case out.</span>]]></content:encoded></item><item><title>Top Ten Things millionaires don&#x27;t want to reveal</title><dc:creator>derek@rowleymail.net</dc:creator><category>Top Ten</category><dc:date>2008-09-08T12:03:44-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/808045761c63381c14ede9491adfce58-25.html#unique-entry-id-25</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/808045761c63381c14ede9491adfce58-25.html#unique-entry-id-25</guid><content:encoded><![CDATA[<span style="font-size:11px; ">Smartmoney.com surveyed millionaires and compiled the top ten things that millionaires don&rsquo;t want to reveal:<br /></span><ul class="square"><li><span style="font-size:11px; ">&ldquo;You may think I&rsquo;m rich, but I don&rsquo;t.&rdquo;  A millionaire in 1945 would need $12 million today to be in the same position.</span></li><li><span style="font-size:11px; ">&ldquo;I shop at Wal-Mart.&rdquo;  They hunt for bargains and clip coupons.</span></li><li><span style="font-size:11px; ">&ldquo;I didn&rsquo;t get rich by skimping on lattes.&rdquo;  The most common path to wealth is entrepreneurism - starting a business.</span></li><li><span style="font-size:11px; ">&ldquo;I have a concierge for everything.&rdquo;  Many of the wealthy consider the value of their time to be worth more than to spend it doing menial tasks.</span></li><li><span style="font-size:11px; ">&ldquo;You don&rsquo;t get rich by being nice.&rdquo;</span></li><li><span style="font-size:11px; ">&ldquo;Taxes are for little people.&rdquo;  They can afford high-level tax planning.</span></li><li><span style="font-size:11px; "> &ldquo;I was a B student.&rdquo;  The median college GPA of millionaires is 2.9.  Most credit their success to hard work and determination, rather than &ldquo;smarts&rdquo;.</span></li><li><span style="font-size:11px; ">&ldquo;Like my Ferrari?  It&rsquo;s a rental.&rdquo;  It makes sense for many high-ticket items.</span></li><li><span style="font-size:11px; ">&ldquo;Turns out money can buy happiness.&rdquo;  Statistics show that the wealthy are happier.</span></li><li><span style="font-size:11px; ">&ldquo;You worry about the Joneses - I worry about the Trumps.&rdquo;  There is a growing disparity between the middle-class rich and billionaires</span></li></ul>]]></content:encoded></item><item><title>IRS warns about outsourced payroll</title><dc:creator>derek@rowleymail.net</dc:creator><category>IRS</category><dc:date>2008-09-02T12:02:10-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/7f6cf122559d1492931fe8cdd2584a87-24.html#unique-entry-id-24</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/7f6cf122559d1492931fe8cdd2584a87-24.html#unique-entry-id-24</guid><content:encoded><![CDATA[<span style="font-size:11px; ">by Derek G. Rowley (c) 2008.  All rights reserved.<br /><br /><br />LAS VEGAS - The IRS recently issued a warning to employers that outsource their payroll responsibilities to third-party service providers to be aware of certain potential problems.  First, they remind employers that they are ultimately responsible if the provider fails to make payments.  Second, they don&rsquo;t recommend that you change the address of record on file with the IRS, so if there is problem you will know about it.  Third, they recommend that you have the payroll provider post a fiduciary bond to protect you.  And fourth, the IRS recommends that you ensure that your payroll provider uses Electronic Federal Tax Payment System (EFTPS) so you can confirm that payments are made on your behalf.</span>]]></content:encoded></item><item><title>Dog sued</title><dc:creator>derek@rowleymail.net</dc:creator><category>litigation</category><dc:date>2008-09-05T12:00:11-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/ed36b807fcb9616927f5bdf07f9df1c5-23.html#unique-entry-id-23</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/ed36b807fcb9616927f5bdf07f9df1c5-23.html#unique-entry-id-23</guid><content:encoded><![CDATA[<span style="font-size:11px; ">by Derek G. Rowley (c) 2008.  All rights reserved.<br /><br /><br />LAS VEGAS - The Macomb Daily reported on August 31 that a woman who claims the city police dog, named &ldquo;Liberty&rdquo; bit her on the buttocks has named the dog as an additional defendant in the lawsuit against the city.  Attorney Charlie Langton is quoted as saying &ldquo;I&rsquo;ve never heard of that.  A dog can&rsquo;t be a party to a lawsuit.&rdquo;  He added, &ldquo;It raises a lot of legal questions.  How do they serve the dog, put it in his mouth?  Is the dog going to have court-appointed counsel?  Will the dog be able to sit in on the proceedings?  This is a case you can really sink your teeth into.&rdquo;</span>]]></content:encoded></item><item><title>Financial turmoil impacts living trusts</title><dc:creator>derek@rowleymail.net</dc:creator><category>estate planning</category><dc:date>2008-09-17T11:57:24-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/3fc12ab7a57cd2273289a8068be36e6d-22.html#unique-entry-id-22</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/3fc12ab7a57cd2273289a8068be36e6d-22.html#unique-entry-id-22</guid><content:encoded><![CDATA[<span style="font-size:11px; ">Time to Review Your Estate Plan<br /><br />by Derek G. Rowley (c) 2008.  All rights reserved.<br /><br /><br />LAS VEGAS - For years, legal practitioners and estate planners have advised clients to carefully think through the appointment of successor trustees named in living trusts.  That advice has never been more relevant than now, as financial titans on Wall Street and elsewhere reel from the impact of our latest financial crisis.  In light of the financial meltdown, now is a good time for you to review your trust and estate planning documents to look for potential problems.<br /><br />In the typical living trust, the individual creating the trust becomes the trustee and the beneficiary.  Then, in the event of death or disability, successor trustees are typically named, frequently the spouse or other family member.  However, the traditional &ldquo;catch-all&rdquo; has been to name an additional successor trustee that is thought to be guaranteed to outlive any individual by naming a prominent national or regional bank as a corporate trustee.  The reason for this is that the existence of a corporate trustee will ensure that the provisions of the trust will be carried out by someone with professional fiduciary responsibility.<br /><br />Today, however, that strategy may need to be re-evaluated as some of the biggest names on Wall Street and other regional and local banks are shut down, seized by regulators and their assets sold.  This can result in an unanticipated change in the actual corporate trustee, often resulting in long-distance frustration for future beneficiaries.<br /><br />It is important to note that the trust assets held by a corporate trustee are not counted as property of the trustee, so they will not be directly impacted by the failure or bankruptcy of a corporate trustee.  Nevertheless, the trust assets can be seriously impacted my market conditions, without any clear path for how trust assets should be invested to weather financial storms.<br /><br />While there may be no clear solution to these challenges, those who are aware of these potential problems may avoid serious future problems by reviewing how their living trust addresses these issues, if they are addressed at all.  That, and a bit of common-sense can go a long way towards avoiding problems.  Fortunately, the beauty of the living trust is that it is revocable, allowing the individual who created the trust to make any necessary changes in the trust as long as they live.  So, if you find a potential problem, you still have time to fix it.</span>]]></content:encoded></item><item><title>Writings of UCLA law professor can highlight Nevada corporate advantages</title><dc:creator>derek@rowleymail.net</dc:creator><category>corporate veil</category><dc:date>2008-09-15T11:54:04-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/e6f4ed00f756d11fdc07f491549765f6-21.html#unique-entry-id-21</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/e6f4ed00f756d11fdc07f491549765f6-21.html#unique-entry-id-21</guid><content:encoded><![CDATA[<span style="font-size:11px; ">by Derek G. Rowley (c) 2008.  All rights reserved.<br /><br /><br />LOS ANGELES - Stephen M. Bainbridge is arguably the brightest mind in the field of corporate law in California.  He is the William D. Warren Professor of Law at the UCLA School of Law, and has written extensively about all aspects corporate law.  Not to be stereotyped as a high-brow elitist intellectual, Professor Bainbridge maintains a family of blogs at </span><span style="font-size:11px; color:#000099;"><u><a href="http://www.professorbainbridge.com">www.professorbainbridge.com</a></u></span><span style="font-size:11px; "> that offer a broad range of commentary &ldquo;on law, politics, religion, culture & food&rdquo; that is definitely worth reading.<br /><br />In 2007, Professor Bainbridge published an article, &ldquo;Piercing the Corporate Veil in California&rdquo; which exposes the alarming breadth of activity that can be used to pierce the corporate veil in California - and allow creditors to hold individual shareholders personally liable for corporate debt or obligations.  In the article, Bainbridge provides detailed legal analysis supporting the perception that public policy in California favors piercing the corporate veil.  As he points out, &ldquo;among the eight states with the largest number of reported veil piercing decisions, California courts have the highest rate (45%) of piercing the corporate veil.&rdquo;  <br /><br />So, successful veil piercing in California appears to be almost a statistical coin-flip.  Bainbridge, in his article, discusses many significant reasons why California treats veil piercing so liberally.  <br /><br /></span><span style="font-size:11px; ">Historically, California has been slow to recognize the legal doctrine of limited liability.  Until 1931, California&rsquo;s constitution provided no limited liability for corporate shareholders, and actually imposed personal liability on shareholders for their portion of corporate debts.  This history creates the backdrop for the legal culture in which California&rsquo;s corporate law has been since percolated.<br />Even today, California does not recognize limited liability doctrine by statute.  Bainbridge calls this &ldquo;unusual,&rdquo; compared with other states.   Instead, it relies on California case law to provide limited liability; and that case law - as all case law does - is constantly evolving and subject to interpretation of an increasingly liberal and anti-business judiciary.<br />Bainbridge writes that the case law of California courts provides for &ldquo;an astonishingly large number of factors to be considered&rdquo; in order to pierce the corporate veil, all with little guidance as to how the factors should be weighted, balanced or considered. <br />The primary legal precedent in California veil piercing law is found in the case of Associated Vendors, Inc. v. Oakland Meat Co., a 1962 case that establishes twenty-seven separate factors that can be considered.  Not only is the sheer number of possible factors that can pierce the corporate veil astonishing, as Bainbridge put it, but when some of these factors are considered individually, they are all the more astounding.  For example, here are a few of more unbelievable factors:<br /></span><ul class="square"><li><span style="font-size:11px; ">Two different corporations have identical ownership</span></li><li><span style="font-size:11px; ">Two different corporations have the same officers and directors</span></li><li><span style="font-size:11px; ">Two different corporations have the same employees</span></li><li><span style="font-size:11px; ">Two different corporations have the same attorney</span></li><li><span style="font-size:11px; ">Two different corporations have the same business address</span></li><li><span style="font-size:11px; ">The use of a corporation to procure labor, services or merchandise for another person or entity.</span></li><li><span style="font-size:11px; ">Sole ownership of all the stock in a corporation by one individual</span></li><li><span style="font-size:11px; ">Sole ownership of all the stock in a corporation by members of a family</span></li></ul><span style="font-size:11px; "><br /> California recognizes something called &ldquo;Enterprise Liability&rdquo;, which holds the entire business enterprise liable - including all divisions, subsidiaries and shareholders - for a debt incurred by one part of the business.<br /><br />All of these issues stand in stark contrast to Nevada, where the number of successful veil piercing cases can be counted on the fingers of one hand - and where in every instance the court found the presence of fraud.<br /><br />In Nevada, the corporate veil is not subject to the interpretation of a body of developing case law.  It is provided in the Nevada Revised Statutes (NRS), and can only be applied according to statute.  NRS 78.747 provides Nevada&rsquo;s standard for veil piercing which reads as follows:<br /><br />&ldquo;Except as otherwise provided by specific statute, no stockholder, director or officer of a corporation is individually liable for a debt or liability of the corporation, unless the stockholder, director or officer acts as the alter ego of the corporation.  A stockholder, director or officer acts as the alter ego of a corporation if:  the corporation is influenced and governed by the stockholder, director or officer; there is such unity of interest and ownership that the corporation and the stockholder, director or officer are inseparable from each other; and adherence to the corporate fiction of a separate entity would sanction fraud or promote a manifest injustice.  The question of whether a stockholder, director or officer acts as the alter ego of a corporation must be determined by the court as a matter of law.&rdquo;<br /><br />So, in contrast to California&rsquo;s liberal application of the corporate veil piercing, Nevada has strict standards.  Those standards include the requirement that preserving the corporate veil would sanction fraud or manifest injustice as a matter of law.  Nevada provides no opportunity for analysis as to whether the stock is owned by members of a family, or if there is a shared attorney or business address, etc.  <br /><br />Verdict:  Nevada wins, in a knockout.</span>]]></content:encoded></item><item><title>Jury finds California tax board guilty of fraud</title><dc:creator>derek@rowleymail.net</dc:creator><category>california franchise tax board</category><dc:date>2008-09-04T11:51:03-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/280d5d90a12775f18271774734d1723d-20.html#unique-entry-id-20</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/280d5d90a12775f18271774734d1723d-20.html#unique-entry-id-20</guid><content:encoded><![CDATA[<span style="font-size:11px; ">A $388 million verdict<br /><br />by Derek G. Rowley (c) 2008.  All rights reserved.<br /><br />LAS VEGAS - Gilbert Hyatt is quite a remarkable man.  In 1968, he advanced the concept of the integrated circuit when he developed the method for including all the pieces necessary to operate a computer - other than the memory and interface - in one place.  In 1970, he applied for a patent for a computer microprocessor.  <br /><br />While Hyatt&rsquo;s patent application worked its way through the bureaucracy of the patent office, three engineers from Intel Corporation created the first commercially viable microprocessor.  So, Intel is usually credited with the invention of the first microprocessor.  Gilbert Hyatt thought that was unfair, and fought the perception of Intel as the inventor of the microprocessor until 1990, when the U.S. Patent Office formally - and finally - recognized Hyatt as the rightful inventor.<br /><br />Gilbert Hyatt, as you already know, is a very smart man.  So in 1991, Hyatt, a multi-millionaire electrical engineer and inventor with more than 70 U.S. patents, moved from La Palma, California to Las Vegas.  He wanted a better quality of life and a better business environment.  He also wanted the added tax benefits that Nevada offered of having no corporate or personal income taxes.<br /><br />The California Franchise Tax Board was not happy to see Hyatt - and the hundreds of millions of dollars in licensing from his patents - move from the state.  So, they arbitrarily claimed that Hyatt was a California resident through 1992, and assessed millions of dollars in income taxes for those years, in addition to imposing harsh penalties alleging that Hyatt had committed fraud against the state by moving.<br /><br />Unable to resolve the dispute with the California tax bureaucracy using facts, logic and reason, Hyatt filed a civil lawsuit in 1998 in the Clark County, Nevada District Court.  In his lawsuit against the California Franchise Tax Board, Hyatt alleged fraud, intentional infliction of emotional distress, abuse of process, breach of confidential relationship and invasions of privacy.<br /><br />California fought back, claiming that this lawsuit shouldn&rsquo;t be heard in Nevada.  They took this argument to the Nevada Supreme Court, and lost.  So, they appealed to the U.S. Supreme Court, and lost again.   In the actual trial, an eight-member civil jury ruled unanimously against the California Franchise Tax Board, finding the allegations of fraud,  abuse, and privacy invasions to be true.  On August 4th, 2008, the jury awarded Hyatt $138.1 million in compensatory damages, and an additional $250 million in punitive damages on August 14th.<br /><br />Hyatt expects California to appeal the verdict.  John Barrett, spokesman for the tax authority in Sacramento told the San Jose Mercury News that, &ldquo;we&rsquo;re reviewing the matter and hope to have a decision soon.&rdquo;</span>]]></content:encoded></item><item><title>Wisconsin pierces the corporate veil over violation of consumer regulations</title><dc:creator>derek@rowleymail.net</dc:creator><category>corporate veil</category><dc:date>2008-07-02T16:05:06-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/c3c92b4e7c86bcefb8f4124df254d5a3-19.html#unique-entry-id-19</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/c3c92b4e7c86bcefb8f4124df254d5a3-19.html#unique-entry-id-19</guid><content:encoded><![CDATA[<span style="font:12px Times-Roman; ">Mark R. Hinkston, a Wisconsin attorney, wrote an article that appeared in the February 2006 edition of Wisconsin Lawyer titled "Piercing the Corporate Veil".  In his article, Hinkston discusses a case where the Wisconsin Court of Appeals held that personal liability attaches when a shareholder or officer violates consumer regulations such as Wisconsin's Home Improvement Code.  This ruling potentially impacts the officers, agents and employees of many businesses that sell goods and services to consumers.</span>]]></content:encoded></item><item><title>California Gets Caught </title><dc:creator>derek@rowleymail.net</dc:creator><category>california franchise tax board</category><category>llc</category><category>franchise tax</category><dc:date>2008-04-14T15:49:04-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/1cf7253513606e0eb77394649ef0b29d-18.html#unique-entry-id-18</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/1cf7253513606e0eb77394649ef0b29d-18.html#unique-entry-id-18</guid><content:encoded><![CDATA[<span style="font:12px Times-Roman; ">The California Franchise Tax Board got caught overstepping the restrictions placed by the U.S. Constitution on the ability of states to tax and regulate interstate commerce.  For years, California has imposed state taxes on the WORLD-WIDE income of limited liability companies that do business in California - in blatant disregard for the Constitution.<br />Well, they got sued, and lost.  Now they have to refund a whole lot of money.</span>]]></content:encoded></item><item><title>Charging Order Protection for Nevada corporations</title><dc:creator>derek@rowleymail.net</dc:creator><category>charging order</category><dc:date>2008-08-20T01:53:23-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/3097115812a72681100a51ebb48b9cdd-17.html#unique-entry-id-17</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/3097115812a72681100a51ebb48b9cdd-17.html#unique-entry-id-17</guid><content:encoded><![CDATA[<span style="font:12px Times-Roman; ">The right of a judgment creditor to collect against the assets of a judgment debtor varies depending upon the nature of the assets.  Some asset types &ndash; primarily liquid assets - can be directly attached, while other asset types have limitations on attachment by the judgment creditor.  Assets that cannot generally be directly taken by a judgment creditor usually provide for other recourse, such as potential foreclosure and forced sale of assets, or the imposition of a &ldquo;charging order&rdquo; against future income of assets.</span>]]></content:encoded></item><item><title>Cheat Sheet:  Non Profit Companies</title><dc:creator>derek@rowleymail.net</dc:creator><category>Non profit</category><dc:date>2008-08-20T00:56:58-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/4851b5854e2a3a5aaef83923f0e2712b-16.html#unique-entry-id-16</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/4851b5854e2a3a5aaef83923f0e2712b-16.html#unique-entry-id-16</guid><content:encoded><![CDATA[<h2>What is a Non-Profit Corporation?</h2><br />A Nonprofit corporation has no shareholders and cannot pay dividends.  Instead of stockholders, the nonprofit has &ldquo;members&rdquo;, who generally pay dues for membership.  Essentially, the shareholder of a nonprofit company is the &ldquo;public good&rdquo;.  Under IRS Code 501 (c)(3) a nonprofit corporation may be formed to operate for some religious, charitable, educational, literary, or scientific purpose. ]]></content:encoded></item><item><title>Tax nexus principles for Trucking</title><dc:creator>derek@rowleymail.net</dc:creator><category>tax nexus</category><dc:date>2008-08-20T00:50:55-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/931516954b8a0cea59506b59a7d88886-15.html#unique-entry-id-15</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/931516954b8a0cea59506b59a7d88886-15.html#unique-entry-id-15</guid><content:encoded><![CDATA[<h2>Here are the basic principles of tax nexus for the trucking industry:</h2><ul class="disc"><li>The state of Incorporation has automatic nexus</li><li>Trucking businesses provide a service, which is not a generally protected activity under Public Law 86-272</li></ul>]]></content:encoded></item><item><title>Asset protection strategies for real estate investors</title><dc:creator>derek@rowleymail.net</dc:creator><category>corporate strategy</category><dc:date>2008-08-19T23:46:58-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/c98f5407906b010d4076038e7c8e2325-13.html#unique-entry-id-13</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/c98f5407906b010d4076038e7c8e2325-13.html#unique-entry-id-13</guid><content:encoded><![CDATA[Are you like the majority of real estate investors who are focused on finding good deals, buying, selling, and turning a great profit?  If so, do not forget to protect what you have accumulated.  It takes only one lawsuit and your entire investment empire can come crashing down.   ]]></content:encoded></item><item><title>Ten facts that make Nevada&#x27;s corporate shield ultra strong</title><dc:creator>derek@rowleymail.net</dc:creator><category>Nevada corporation benefits</category><dc:date>2008-08-19T23:40:50-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/7106bf8655e5c49a303d68e3d39f1b1d-12.html#unique-entry-id-12</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/7106bf8655e5c49a303d68e3d39f1b1d-12.html#unique-entry-id-12</guid><content:encoded><![CDATA[Here are ten reasons why Nevada's corporate veil is the strongest available.]]></content:encoded></item><item><title>TRADERS:  What is the best structure for tax savings?</title><dc:creator>derek@rowleymail.net</dc:creator><category>tax strategy</category><category>entity selection</category><dc:date>2008-08-19T23:27:32-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/72d7caaa303f2831f1cac3944bafd6f2-11.html#unique-entry-id-11</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/72d7caaa303f2831f1cac3944bafd6f2-11.html#unique-entry-id-11</guid><content:encoded><![CDATA[The following is an explanation of the corporation - limited partnership strategy for active traders. This strategy can allow you to legally write-off your computers, home office equipment, all educational expenses, and a large percentage of meals, entertainment and travel.  ]]></content:encoded></item><item><title>LFC Marketing v. Loomis</title><dc:creator>derek@rowleymail.net</dc:creator><category>Nevada Supreme Court Cases</category><dc:date>2008-08-19T22:43:42-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/1b44ca6d180dfbdafc467029cbafeb68-10.html#unique-entry-id-10</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/1b44ca6d180dfbdafc467029cbafeb68-10.html#unique-entry-id-10</guid><content:encoded><![CDATA[This case presents us with two issues: (1) whether a writ of attachment may be used to secure property after a judgment has already been obtained; and (2) whether a judgment creditor can pierce the corporate veil using a reverse alter ego analysis to reach the assets of a corporation that is allegedly controlled by the judgment debtor.]]></content:encoded></item><item><title>Why Everyone Needs a Living Trust</title><dc:creator>derek@rowleymail.net</dc:creator><category>estate planning</category><dc:date>2008-08-19T22:34:51-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/99e468912d4a2823908a536865fc7852-9.html#unique-entry-id-9</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/99e468912d4a2823908a536865fc7852-9.html#unique-entry-id-9</guid><content:encoded><![CDATA[John and Mary owned a successful small business for 15 years until John suddenly died <br />of a heart attack.  Mary did not want to run the business alone, so decided to sell it.  <br />]]></content:encoded></item><item><title>Upstreaming Advertising</title><dc:creator>derek@rowleymail.net</dc:creator><category>corporate strategy</category><dc:date>2008-08-19T22:10:42-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/742157eef015bc1132ef499fbcd1ffc3-8.html#unique-entry-id-8</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/742157eef015bc1132ef499fbcd1ffc3-8.html#unique-entry-id-8</guid><content:encoded><![CDATA[<span style="font:12px Arial, Verdana, Helvetica, sans-serif; ">Chuck owns and operates a very successful mountain bike tire manufacturing </span><br /><span style="font:12px Arial, Verdana, Helvetica, sans-serif; ">plant in Illinois that has been in business for the past ten years. </span>]]></content:encoded></item><item><title>Upstreaming PR</title><dc:creator>derek@rowleymail.net</dc:creator><category>corporate strategy</category><dc:date>2008-08-19T22:09:34-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/5e05a296a6ab9fa50e2f8c4ac001d8e0-7.html#unique-entry-id-7</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/5e05a296a6ab9fa50e2f8c4ac001d8e0-7.html#unique-entry-id-7</guid><content:encoded><![CDATA[<span style="font:12px Arial, Verdana, Helvetica, sans-serif; ">John runs a busy executive recruiting firm in San Diego and uses two Public </span><br /><span style="font:12px Arial, Verdana, Helvetica, sans-serif; ">Relations Firms extensively to get exposure around San Diego. </span>]]></content:encoded></item><item><title>Upstreaming royalties</title><dc:creator>derek@rowleymail.net</dc:creator><category>corporate strategy</category><dc:date>2008-08-19T22:08:13-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/86e6d4b530113c91cf0a4625a0c09a8b-6.html#unique-entry-id-6</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/86e6d4b530113c91cf0a4625a0c09a8b-6.html#unique-entry-id-6</guid><content:encoded><![CDATA[<span style="font:12px Arial, Verdana, Helvetica, sans-serif; ">Jill lives in California and has an active seminar business that teaches investors </span><br /><span style="font:12px Arial, Verdana, Helvetica, sans-serif; ">strategies on investing in the current real estate foreclosure market. </span>]]></content:encoded></item><item><title>Nevada dual corporation strategy</title><dc:creator>derek@rowleymail.net</dc:creator><category>corporate strategy</category><dc:date>2008-08-19T22:06:17-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/bc555ffc4e3ce40f8f79206a58c7ef41-5.html#unique-entry-id-5</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/bc555ffc4e3ce40f8f79206a58c7ef41-5.html#unique-entry-id-5</guid><content:encoded><![CDATA[<span style="font:12px Arial, Verdana, Helvetica, sans-serif; ">Sam runs a very successful pipe bending business in Los Angeles. </span>]]></content:encoded></item><item><title>Web-based business</title><dc:creator>derek@rowleymail.net</dc:creator><category>corporate strategy</category><category>web-based business</category><dc:date>2008-08-19T22:04:12-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/37eb102e08ac33f71e025b179bcd094b-4.html#unique-entry-id-4</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/37eb102e08ac33f71e025b179bcd094b-4.html#unique-entry-id-4</guid><content:encoded><![CDATA[<span style="font:12px Arial, Verdana, Helvetica, sans-serif; ">Jane is a PHD Nutritionist who lives in Seattle, Washington and writes a very </span><br /><span style="font:12px Arial, Verdana, Helvetica, sans-serif; ">successful e-newsletter on the latest trends in health and wellness.   </span>]]></content:encoded></item><item><title>Royalties</title><dc:creator>derek@rowleymail.net</dc:creator><category>corporate strategy</category><dc:date>2008-08-19T21:57:54-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/69986128d977def037d94725bf2b6917-3.html#unique-entry-id-3</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/69986128d977def037d94725bf2b6917-3.html#unique-entry-id-3</guid><content:encoded><![CDATA[<span style="font:12px Arial, Verdana, Helvetica, sans-serif; ">Bob is a prolific writer of business success books and has written over 20 books </span><br /><span style="font:12px Arial, Verdana, Helvetica, sans-serif; ">in his 15 year writing career.  </span>]]></content:encoded></item><item><title>Foreigners doing business in USA</title><dc:creator>derek@rowleymail.net</dc:creator><category>corporate strategy</category><dc:date>2008-08-19T21:52:39-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/3d523afb5e7415359a84708c94e2fe39-2.html#unique-entry-id-2</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/3d523afb5e7415359a84708c94e2fe39-2.html#unique-entry-id-2</guid><content:encoded><![CDATA[Larry lives in Canada and wants to start selling his unique line of fly fishing poles <br />in the United States.  ]]></content:encoded></item><item><title>Nevada Single Entity Strategy</title><dc:creator>derek@rowleymail.net</dc:creator><category>corporate strategy</category><dc:date>2008-08-19T21:48:24-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/953193d4781c7e64ea5aeffcdd040ab7-1.html#unique-entry-id-1</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/953193d4781c7e64ea5aeffcdd040ab7-1.html#unique-entry-id-1</guid><content:encoded><![CDATA[Sarah lives in New York City and acts as a manufacturer&rsquo;s representative for <br />several products in the medical field.  ]]></content:encoded></item><item><title>Litigation Facts</title><dc:creator>derek@rowleymail.net</dc:creator><category>litigation</category><category>lawsuit</category><dc:date>2008-08-19T21:36:59-06:00</dc:date><link>http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/288d913762ca4df36bdf1af0e7804ef4-0.html#unique-entry-id-0</link><guid isPermaLink="true">http://www.corporateservicecenter.com/nevada%20corporation%20library/library/whitepapers_files/288d913762ca4df36bdf1af0e7804ef4-0.html#unique-entry-id-0</guid><content:encoded><![CDATA[<h2>WARNING:  Reading this list may cause high-blood pressure, nausea, or uncontrollable tears</h2>]]></content:encoded></item></channel>
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