Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Elmer Phud who wrote (178907)	7/27/2004 1:08:50 AM
From: Amy J	Read Replies (1) \| Respond to of 186894

OT Elmer, if you have interesting activity, then your ownership isn't confidential. Banks have biz dev people that love to chat. Bank forms in California ask for a listing of the top shareholders as well as a couple of the corporate positions (CEO, etc.) How about Nevada? Regards, Amy J

To: Elmer Phud who wrote (178907)	7/27/2004 1:14:51 AM
From: BelowTheCrowd	Read Replies (1) \| Respond to of 186894

elmer is correct. If the corporation owns assets, they are registered to the corporation, and any payments to/from the corporation are in the corporate name. It may not be possible to easily find out who the shareholders are. This is useful in some cases. If you're setting up a business and need financing, the lenders are going to usually demand to know something about the people behind a privately held corporation and don't care that it's not a matter of public record. If you just want to buy a boat, plane, huge plot of land, office building or any other asset, and NOT have everybody in the world know that you own it, then you can shield the ownership through a Nevada corp. Probably won't help you much if the corporation comes under legal attack and the lawyers demand to understand who is responsible for decisions. That requires a whole different level of protection.