Comments on: Become A Corporation

By: carlos

carlos — Mon, 03 Dec 2007 09:13:25 +0000

Thanks guys, I feel marginally better.

But maybe I’m the one to watch out for. What if my corporation is powerful, how easily am I corrupted?

This may be like unleashing a million pirahnas to fight off a handful of sharks.

Sure the sharks are gone, but now what?

Actually that would be pretty awsm. I’m in.

See you next financial year in Jerusalem!

By: p

Sun, 02 Dec 2007 21:28:28 +0000

KongÅ Gumi, a family company that lasted 1400 years, before it was bought out in 2006.

By: alistair

alistair — Sun, 02 Dec 2007 19:36:45 +0000

http://www.detaxcanada.org/

carlos, most corporations function smoothly for generations without machiavellian powerplays, but the newspapers like to sensationalise to sell ink, so we tend to see only the bureaucrats “behaving badly” as it were……

for the person wanting freedom and having incured problems with financial issues in the past detax might be a strategy.

dangerous ideas though.

pick your poison.

By: carlos

carlos — Sun, 02 Dec 2007 12:19:02 +0000

It’s not that it’s a bad idea, it’s just that I’m paranoid enough without having to worry about hostile takeover bids or being kicked off the board of directors via some technicality or whatever. What if carlos, Inc. becomes the next Monsanto? It’s all a little too Frankenstein for my liking.

By: carlos

carlos — Sun, 02 Dec 2007 12:09:54 +0000

[Comment removed by Tim Boucher]

By: Ted Heistman

Ted Heistman — Sun, 02 Dec 2007 06:10:03 +0000

Allistair that is an abandoned domain name.

By: Tim Boucher

Tim Boucher — Sun, 02 Dec 2007 04:22:52 +0000

I’m not advocating that anybody do anything except for spend the time you would normally spend next year on “following the election” learning about how business and legal systems work, and making a profitable business to protect your family and the people you love and to add value to the rest of the community.

By: alistair

alistair — Sun, 02 Dec 2007 02:18:54 +0000

[Comment removed by Tim Boucher]

By: p

Sun, 02 Dec 2007 01:39:08 +0000

I formed an LLC when I was a full-time contractor. it turned out to be money in the hole and my state taxes actually went up quite a bit, but I understand that’s not very common.

I am also reminded of this kid:
http://www.washingtonpost.com/wp-dyn/articles/A24016-2005Apr3.html
who actually committed a murder, forming a corporation for the purpose beforehand, to try and force the issue of corporate liability. (he of course was found guilty as an individual.) (further nota bene for wiretappers and spooks: NOBODY HERE ENDORSES ANYTHING LIKE THIS.)

By: Thirtyseven

Thirtyseven — Sat, 01 Dec 2007 23:01:06 +0000

Being able to write off purchases on your taxes alone is a good “purpose.” Not to mention all the legal layers of liability insulation that comes from acting as a corporation. I agree 110%, everyone should be getting on this. I’m starting no less than three corporations this month.

By: James Russell

James Russell — Sat, 01 Dec 2007 08:29:20 +0000

How odd. A friend of mine was saying to me just last night I should think about registering myself as a business.

I still don’t know what the purpose would be, though.