PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Mar 7 3:00 PM EST

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To: ColleenB who wrote (36915)	5/23/1999 5:34:00 PM
From: jhild	Read Replies (2) of 43774

THe State of Nevada has undergone a site redesign. Rather than all of this information being listed under the Secretary of State, they have listed it under what they call the Business Information Network. This information just has a new URL: state.nv.us Why Incorporate in Nevada? No corporate income tax No taxes on corporate shares No franchise tax No personal income tax No I.R.S information-sharing agreement Nominal annual fees Minimal reporting and disclosure requirements Stockholders are not public record Additional Advantages: Stockholders, directors, and officers need not live or hold meetings in Nevada, or even be U.S. citizens. Directors need not be stockholders Officers and directors of a Nevada corporation can be protected from personal liability for lawful acts of the corporation. Nevada corporations may purchase, hold, sell or transfer shares of its own stock. Nevada corporations may issue stock for capital, services, personal property or real estate, including leases and options. The directors may determine the value of any of these transactions, and their decision is final. Hey if I were to form jhild, inc. this would be the state for it wouldn't it? I could maintain secrecy, thumb my nose at investors and file at my leisure. Currently it looks to me on the basis of the few instances I have seen like 18 months is about as fast as the SEC delists securities that fail to file in a timely manner. I think they should consider a fast track approach to these kinds of violations.

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