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To: RavMan who wrote (3707)	1/4/1998 10:00:00 AM
From: nick pace	Read Replies (1) \| Respond to of 8835

Ga Bard, How much does your real time track online cost? And how can I buy it? Nick

To: RavMan who wrote (3707)	1/4/1998 12:26:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 8835

Here is Taxman's post that got erased in the CW shake up yesterday after it was posted and I posted the URL here. FAMH and the seriousness of a tax lien against it (inside) Posted by Taxman on January 04, 1998 at 09:08:02: Some people have chosen to accept the word of the FAMH spin doctors when it comes to the $85,000 tax lien filed against FAMH by the State of Texas. However, the seriousness of a tax lien, what must occur before one is ever filed, and the consequences should be fully understood first. Having a tax lien filed against a company is a sign of poor company management. Here's why... When a tax deficiency is first determined, the State of Texas notifies the company of the tax due along with information regarding procedures the company can follow to negotiate alternative amounts and/or payment schedules. Think of these procedures as a Texas taxpayer's bill of rights. Only if a company ignores numerous legal notices from the State of Texas and refuses or fails to follow the procedures will the State of Texas resort to filing of a tax lien. No properly managed company would ever allow things to go so far as to actually have a tax lien filed against it - because the consequences of a tax lien are EXTREMELY SEVERE. The State of Texas is virtually a debtor's paradise in almost every way EXCEPT WHEN A STATE TAX LIEN EXISTS. Once a tax lien is filed, the State has the right to immediately sieze assets and bank aaccounts WITHOUT FURTHER NOTICE. In addition, the company loses its right to legally transact business in the state and the corporate directors and officers lose their corporate immunity from civil damages - i.e. they can now be held personally liable for all debts of the company. With the corporate directors and officers now held fully liable for all corporate debts, only a foolish company would dare to continue to transact business. As one can see, the consequences of a tax lien are extremely severe. Considering all the options and procedures the State of Texas has in place to give a company every opportunity to avoid a tax lien, having one filed against a company does not happen overnight and is not only a sign of very poor management but an ominous sign for the company's future as well. I hope this sheds some light as to the extreme seriousness of a Texas tax lien for a company which operates in Texas.