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To: Elmer Phud who wrote (178904)	7/27/2004 12:32:19 AM
From: Amy J	Read Replies (1) \| Respond to of 186894

OT Elmer, RE: "Speaking of Nevada Corporations (of which I own 3) one main advantage is privacy. It is essentially impossible to determine the owner of a privately held Corp." Now you've got me curious . . . On a related note, while Nevada may keep it confidential, your bank won't. Bankers love to chat. If a banker sees a check bounce, all of a sudden vendors in the Valley will know. If a banker sees a lot of money being deposited, they will notice this and pass the word along to their partners. Some VCs keep in touch with banks so they get first dibs on any firm that's depositing a lot of money. They aren't suppose to do that, but they do it. You can't sneeze without everyone knowing, so it's not even worth hiding anything. The only thing worth hiding is your full name on SI just to avoid some wacko stalker. Other than that, assume everyone knows everything. Why even bother with privacy? On an unrelated note, the branch manager at my bank said they are getting more new accounts and business is picking up slowly, in fits. Regards, Amy J

To: Elmer Phud who wrote (178904)	7/27/2004 1:03:53 AM
From: BelowTheCrowd	Read Replies (1) \| Respond to of 186894

Correct, the actual owner of a corporation is difficult to discern in most cases. The officers and directors can be found, but of course won't be listed on the title of any assets, which makes it a bit tougher to get at them. When I owned an aircraft, we kept it in a corporation for that reason. We knew that as pilot/operator/director of the corporation I wasn't going to easily escape liability for anything I might do, but that keeping my name off the airplane title meant a person who wanted to find out who owned that nice Beechcraft would have to make some effort beyond going to the FAA database. There are, of course, various trust types that really do create a wall between you and your assets, but only because you really DO give up a large degree of control.