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.

Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?

To: ColleenB who wrote (21386)	12/30/1998 4:20:00 PM
From: Jgilbert	Read Replies (1) \| Respond to of 43774

Colleen, Is that you having at it with the RB gurus? Your name is in all lowercase so I wasn't sure. If 'tis truly you, you ought to know that deviation from the party line is not tolerated over there. I honestly don't know if anyone knows anything about our little startup; I'm still trying to find the pony in all of this horse manure. Gosh, could it be that 2 cent stocks with no history are a gamble? What a great insight! The beauty of anonymity is that the manners mom taught need not be exercised on the net. I'll bet your father in law the Colonel would be outraged. Now, then. How bout them Falcs?

To: ColleenB who wrote (21386)	12/30/1998 10:37:00 PM
From: ISOMAN	Respond to of 43774

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. sos.state.nv.us

To: ColleenB who wrote (21386)	12/30/1998 10:55:00 PM
From: ISOMAN	Respond to of 43774

info on Deleware Corps... state.de.us

To: ColleenB who wrote (21386)	12/30/1998 11:17:00 PM
From: ISOMAN	Read Replies (1) \| Respond to of 43774

Where should I incorporate? It is not the purpose of this guide to provide legal or tax advice. Before deciding to form a corporation, you should consult with an attorney or an accountant to determine if a corporate structure is best for your business, and in which state to form your corporation. Some accountants and lawyers recommend forming a Delaware corporation in all cases. It is true that up until a few years ago, Delaware corporations did have significant tax and other advantages. This is no longer as true as it used to be. Nor may it be advantageous to form a corporation in Nevada, Wyoming or any other state in America if you do not conduct business there. The best advice may be to form a corporation in the state where you plan to conduct business. It will be far less complicated and more cost-effective in the long run. Listed below are some of the reasons why Delaware attracts both large and small businesses: What are the advantages of a Delaware or Nevada corporation? Anyone may form a corporation in Delaware without ever having to visit the state. Delaware has kept its fees low and is one of the friendliest states to corporations. Indeed, over 50% of all companies listed on the New York Stock Exchange Names and addresses of initial directors need not be listed in public records. The cost to form a Delaware corporation is among the lowest in the nation. The annual $50 Franchise Tax compares favorably with that of most other states. Delaware maintains a separate court system for business, called the "Court of Chancery." If legal matters arise involving a trial in Delaware, there is an established record of business decisions. No minimum capital is required to organize the corporation and there is no need to have a bank account in Delaware. Just one person can hold all the offices of the corporation: President, Vice President, Secretary and Treasurer. There is no state corporate income tax on Delaware corporations that do not operate within the state. Shares of stock owned by persons outside of Delaware are not subject to Delaware personal income tax. There is no Delaware inheritance tax levied on stock held by non-residents. A Delaware corporation can be formed quickly and easily by phone in as little as 5 minutes. Nevada is becoming increasingly friendly to corporations with its privacy and liability protection status. Numerous companies are relocating their business entities to Nevada in order to receive the numerous tax benefits. Listed below are some of the reasons why Nevada is attracting more businesses each day: No state corporate tax on profits No state annual franchise tax No personal income tax Stockholders are not public record which permits complete anonymity Just one person can hold all the offices of the corporation: President, Vice President, Secretary and Treasurer. Stockholders, directors and officers need not be residents of Nevada A Nevada corporation can be formed quickly and easily by phone in as little as 5 minutes. incorporate.com