I see another promoter has thrown the towel in at TG.Even removed her signature and photo.
It's not looking good for those cashing in on e-points.
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05-01-2007, 10:47 AM #11
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06-01-2007, 03:11 PM #12
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ARE YOU INTERESTED TO BECOME a"limited partner" to the growth of MC Inc. and V-Lane Traffic?
* MC Inc. (MARVCorp Inc.), is becoming the biggest media advertising platform existing on the World Wide Web
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pinetree
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07-01-2007, 09:40 PM #13
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Promote Something Legit
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07-01-2007, 10:46 PM #14
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Some IBC gen.
An IBC (International Business Corporation) is a corporation and must be managed as such. It has Directors and Shareholders (owners), and it can do business as any other corporation.
However, it has one important feature that makes it different:
It is granted freedom from financial reporting by the country it is established in, provided:
it does not conduct any business in this country itself!
all shareholders are residing outside the country as well.
The only reporting obligations an IBC has is the update of the names and addresses of the Directors and the address of its legal office or agent's office.
The consequence of this is that it has no liability for income tax on its profits - it does not even have to report to the government what kind of income it makes!
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(quote)
The only difference between a domestic (local) Corporation and an IBC is that the IBC is entitled to do business without any financial reporting to the government in its own country. Just like the Offshore Trust or Private Interest Foundation. But the terms are also similar: the owners (shareholders) cannot be residents in the country the IBC is established in, and the IBC cannot do business in its own country without filing tax returns for those activities and being taxed on those. Now, using professional services is not generally included in this definition of "doing business". The IBC can use lawyers, accountants, and other professional advisors in its own country - no problem. But it cannot sell anything or in any other way derive an income from business activities in its own country.
When you get an IBC established, you are, of course, interested in doing it in a small country that does not have to be included in your market...
Most states in the USA are more than happy to provide IBCs for foreigners - but not for US citizens and residents. And not for foreigners that want to do business in the USA. Same thing.
Liability shield
The main advantage from a Corporation (domestic or IBC) is the liability shield. The owners (shareholders) are not liable for what the corporation does, except for the funds they invested in terms of share holdings and/or shareholder loans. In other words: if the IBC runs out of cash, the creditors cannot sue the shareholders or the directors to pay the debt owning.
This is what makes an IBC a very valuable instrument for your Trust or Foundation. Your "Uncle Offshore" should be kept free of liability at all time. He owns your assets, so you want zero liability to point to him. When you do his business through an IBC, he gets that protection - still with no tax liability.
Nominee Director
And IBC needs a minimum of one, two, or three directors. It depends on the country. Many countries will even allow a foreigner to be a Director. Most times, the law calls for at least one local Director, though. Some jurisdictions also allow Corporations or Trusts to assume the office of Director. On top of this, some countries even allow for nominee shareholders, and others allow anonymous bearer certificates for shareholders. It can be quite confusing.
However, for almost all simple business propositions, you are best off with a very simple IBC: You need only one shareholder (your Trust or Foundation), and you need only one Director, whom you hire in the country the IBC is established in. You let the Director take care of the IBC the same way as you let the Trustee take care of your Trust or the Council of your Foundation. In other words: you do not personally touch any of the offices of "your" IBC!
This means that you do not open any bank accounts for the IBC. You never sign any documents for the IBC. You never pretend that you have any ownership interest in the IBC - because you don't! You let the Director do all that on behalf of your Trust/Foundation, so you can enjoy your privacy.
As for the Trust or Foundation, you can work as an agent for the IBC also - no problem. But you want nothing to do with its shares or legal offices. The reason is that you do not want to commit fraud on your tax return. "Anonymous" or not. "Confidentiality" or not. A crime is a crime, whether it is discovered or not. A director does not cost more than a couple of hundred dollars per year. If you want to make yourself a criminal for that kind of money, then I seriously suggest you go and find yourself a job instead... So, if you live in any western country where you are obliged to report your personal assets to your government, also if they are located in another country, do not get tempted by those apparently very attractive offers from The British Virgin Islands!
Which country?
The country you choose really does not matter very much. As long as you can get away with using only one Director, and you are able to find a good one you can work with. I know some I am extremely happy with myself - and I know they would also work for my clients. On top of that, the prices of IBCs in that country are the lowest I ever found! And better yet: This country (Commonwealth of Dominica) is not very well known yet as "tax shelter" - no big governments have any interest in it...
There are certain limitations, though. If you want to engage your IBC in gambling, high-risk insurance underwriting, or pornography, for instance, many countries will not accept that. But others will. Like Costa Rica. It just costs more to establish and run an IBC in those countries - no "free lunch"!
Also, if you want a merchant account so you can charge your customers' credit cards online, you need the IBC established in a country where the banks are reasonable in regard to the terms for that. For this, Panama is an excellent, but rather expensive choice as this country requires three Directors - for that very same reason...
Finally, if protection of the IBC against lawsuits is important because you know it has a high risk of running into legal conflicts, then you want to choose a jurisdiction that makes it very difficult to sue the IBC. The law in Nevis is second to none on this: in order to file a lawsuit against your Nevis IBC, the plaintiff must pay a $25,000 non-refundable fee for just having the judges consider accepting the case as non-frivolous! But Nevis IBCs are not cheap, so unless this risk management strategy is important to you, you are better off with something less expensive, as in Dominica...
But, other than this, it simply doesn't matter - because you are not going to do business in that country anyway!
What does it cost?
An IBC typically costs around $1,500-$2,000 to establish. On top of that, you will have to pay yearly maintenance fees. There are several - and they vary from one jurisdiction to another. You have to pay the government for keeping the registration alive. You have to pay a local agent, and you have to pay your Director(s) . Sometimes, you also have to pay a registrar. And sometimes also some other government fees that are nothing but camouflaged taxes. In total, you should expect a yearly cost between $500 and $1,000.
Bank account of not for your IBC?
For the vast majority of cases, you will not need a bank account for the IBC!
The reason is that no government cares whether it is the IBC or the owner (your Trust or Foundation) that gets paid. You Uncle's bank account is most often good enough to handle both your Uncle's own affairs and the affairs of his business! Remember, there are no filing requirements. No taxes. No need for bookkeeping! No need for accountants - you can throw all receipts away - you don't need them! Not a single soul gives a damn if you mess around with "business expenses" and "personal expenses" on your Uncle's bank account.
For your domestic business, this is very, very different.... but the exclusive reason for this is that the government will not allow you to make personal deductions from your personal income, but it does allow the business to deduct "legitimate business expenses" from the taxable income of the business. If you mix your personal transactions with your business transactions on the same bank account, it gets very difficult for the government to control - and when that happens, you get the blame, because the government's default reaction is to reject your attempted deductions and let you carry the burden of proof!
(end) Extract from the "doggy bone Newsletter" by Mogens EliasonLast edited by paddyfield; 07-01-2007 at 10:58 PM.
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19-01-2007, 01:03 PM #15
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Getting to a "dealer"
Could anyone tell me how to find one of these new Swisscash "dealers"? As far as I know, I can no longer top up my current investment without going through a dealer, and Swisscash won't help me find one -- they won't reveal the names of any dealers. I have lost the Email address of my original sponsor, which is why I am stuck. Thanks in advance.
gettingresults
Kumamoto, Japan
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20-01-2007, 11:36 AM #16
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I just sent an e-mail. pls. check your inbox.
pinetreeARE YOU INTERESTED TO BECOME a"limited partner" to the growth of MC Inc. and V-Lane Traffic?
* MC Inc. (MARVCorp Inc.), is becoming the biggest media advertising platform existing on the World Wide Web
* MC Inc. / V-Lane Traffic is a full service media and advertising agency.
--------------------
FOR MORE INFO,JUST PM.
pinetree
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22-01-2007, 04:46 AM #17
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Careful
Be Careful Kumamoto
This Yoshitsuga is not a licenced Financial Officer of any company. In fact Lloyds of London refuses to have anything to do with him. Others are just now coming forward with shouts of this bogus company scamming them. They're affraid to deal with customer complaints , so they push it off on these fraudant Dealers.
Be Warned
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22-01-2007, 05:17 PM #18
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22-01-2007, 07:48 PM #19
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The Same Script
It's the same old script , only it's not from GoldCoders.Com , It's from Brian Marsden and who ever he was partnered with. Making money off new referals won't continue these programs to pay out no matter what their website misleads you to believe. Study real hard all of these programs and how they are structured and pieced together. They are EXACTLY the same program with name changes. They have the same perverts running and cheerleading them.
Blue
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23-01-2007, 07:49 PM #20
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ARE YOU INTERESTED TO BECOME a"limited partner" to the growth of MC Inc. and V-Lane Traffic?
* MC Inc. (MARVCorp Inc.), is becoming the biggest media advertising platform existing on the World Wide Web
* MC Inc. / V-Lane Traffic is a full service media and advertising agency.
--------------------
FOR MORE INFO,JUST PM.
pinetree
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