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CORRECTION
DISNEY - LOSS - VS - REPUBLICAN
GOVERNOR - BUT - ALSO - WON 2
GOVERNOR - NOW - DECIDES
5 MEMBERS - 4 - VOTES - ON
WHAT - CAN - B - DONE WITH
FUTURE - BUILDINGS
FUTURE - HOTELS - ETC
FAST - CHECK
THEY - STILL - GET - MAJOR
TAX - PRIVILEGES - IN THAT
AREA
GOVERNOR - POINTED OUT
WALT DISNEY WORLD
CALIFORNIA - BUSINESS
HONESTLY
DEAR - ROY DISNEY,
GIVE - REPUBLICANS - WHAT
THEY - WANT
REMOVED - WALT DISNEY
WORLD - FROM - FLORIDA
OVER - 50 MILLION - VISITORS
PER - YEAR
DEAR - CALIFORNIA - BUSINESS
WALT DISNEY WORLD
PLEASE - LEAVE - ORLANDO
FLORIDA - FOREVER
OVER - 50 MILLION - VISITORS
IS - AN - INSULT - 2 - THE
REPUBLICAN - PARTY - OF - FL
THEIR - INCOME - IS - FR TAXES
THEIR - REASON - 2 - OBTAIN
POWER
DEAR - MR DISNEY,
AS - TOKYO - JAPAN - MALE
SCIENTISTS - WE CAN DISAPPEAR
WALT DISNEY - WORLD
1 MINUTE
HIROSHIMA - NAGASAKI
FORGOTTEN - PAST
WORLD's - 1ST - ISSUED
ATOMIC - BOMBS
DEAR - ROY DISNEY,
LOW - REAL ESTATE - AT
ASHEVILLE - NORTH CAROLINA
MOST - BEAUTIFUL - TREES - IN
THE - UNITED STATES
BUT - LLC - NORTH - CAROLINA
FLORIDA - $138.75
LATE - FEE - $400
INDIANA - $31
MAIL - $50
LATE - FEE - $10 DAILY - MAX - $250
NORTH - CAROLINA
LOWEST - REGISTERED - AGENT - $5
RESERVE - CORPORATE - NAME - $10
ANNUAL - $203 - ONLINE - MAIL - $200
HIGHEST - AMONG THE - 3
BUT - NO - LATE - FEE - YEARLY
REGISTERED - AGENT - MUST
RESPOND - WITHIN - 60 DAYS
BUSINESS - DISSOLVED - REVOKED
DEAR - ROY DISNEY,
BLUERIDGE - MOUNTAINS
ASHEVILLE - NC
VANDERBILT - CASTLE
LIFE - HERE - THOROUGHBRED HORSES
CORRECTION
CONGRESS - SHALL - HAVE - POWER
2 - LAY - AND - COLLECT - TAXES ON
INCOMES - FR - WHATEVER SOURCE
DERIVED - NON-PROFIT - 4 - YEARS
TAX - FREE - INCOMES - NOT KNOWN
2 - MANY - THEREFORE - CONGRESS
HAS - POWER - 2 - LAY - COLLECT
TAXES
OVERTHROWING - US - GOV'T
ENDING - ALL
NON-PROFIT - ORGS - RELIGIOUS
RESPECTING - ESTABLISHMENT
OF - RELIGION
NO - ONE - WEARING - SHORTS
SOME - SLEEVELESS - HOMELESS
CAN - GET - THEIR - UNHEALTHY
STIROFOAM - CANCER - FOODS
SHUTTING - OF - GIVING - CANCER
STIROFOAM - FOOD - COLD
FOOD - BECOMING - QUITE SMALL
CONGRESS - ALLOWING
NON-PROFIT - RELIGIOUS
STARVING - FLORIDA
WEARING - NO - SLEEVES
WEARING - SHORTS
INVASION - REQUIRED
300 MILLION - CHINESE - MALE
SOLDIERS - 2 - SLAUGHTER
FIRST - LANES - 7'1 FT - 7 FT
2ND - LANES
RIGHT - 2 - EAT - WORLD - RIGHT
CHAPMAN - PARTNERSHIPS
DENIED - ME - ASIAN - FOOD
WORE - CLOTHES - THEY - DONATED
NO - SLEEVES - SHORTS
HISPANIC - FEMALE - ATTACKED - ME
DISCRIMINATION - OF - NATIONAL
ORIGIN - RACE - COLOR - BROWN
DISCRIMINATION - OF - RACE
CHAPMAN - PARTNERSHIP
2 - LOCATIONS
MISSIONARIES - OF - MOTHER TERESA
OLD - CROWS - 3 WEEKS
BACK - 2 - HOMELESS
LOTUS - HOUSE
NEVER - CONTACTED - ME
WOMEN - AND - KIDS
LIKE - THE - OLD CROWS
DISCRIMINATION - OF - GENDER
AND - AGE
THUS - INVASION - OF - MIAMI FL
2 - SLAUGHTER
THESE - SHELTERS
CAMILLUS HOUSE
NICE - KNOWING - THEIR - HOURS
LOCATIONS
OUR - MACHINES
BECOMES - TALLER
SLICES - FR - HEAD - 2 - TOES
POISOUNOUS
BODY - DISAPPEARS
CLEAN - AIR - AS - IT - FRESHENS
REGISTRY - WITH - WORLD - POP
THE - RIGHT - 2 - FOOD
RIGHT - 2 - ADEQUATE - STANDARD
OF - LIVING
DEAR - ROY DISNEY,
MICKEY MOUSE - WALT DISNEY
'AND - IT - STARTED - WITH - A
MOUSE'
LAST - NIGHT - BLK - FEMALE
GAVE - BLK - OLD - FEMALE
AND - MALE - HISPANIC - 2
FOODS - IN - PLASTIC - BAG
THEY - GAVE - ADAM & EVE
FOOD - I - WAS - ON - L SIDE
SHE - SAW - ASIAN
DIDN'T - GIVE - ME - ANY
HER - BACK - SAYS
'WE - CATER'
DEAR - ROY DISNEY,
11 STATES - 2 TERRITORIES
BANNED - STYROFOAM
BANNING - ALSO - TAK'G
EFFECT - 2025 - 2028
FLORIDA - NOT - AMONG
DEAR - ROY DISNEY,
OVER - 1 YEAR - NO - FOOD
MONDAYS - GETTING - BETTER
AMONG - HOMELESS - SW 2 ST
CORNER - SW 2 AV - CONNECTING
2 - AREAS - SAME - STREET
MIAMI - POLICE
WANTS - 2 - PUT - SIGN
'DO - NOT - FEED - HOMELESS'
'DO - NOT - FEED - PIGEONS'
'DO - NOT - FEED - ANIMALS'
'DO - NOT - FEED - DOVES'
'DO - NOT - FEED - THE CATS'
$250 - FINE - FEEDING - HOMELESS
THEIR - 'WITH - DUE - PROCESS - OF
LAW' - SHOOTING - HOMELESS - PUT
AT - LITTLE - HAVANA - MIAMI - FL
WHERE - HISPANICS - LIVE
MALE - NURSES
BLADDER - KIDNEY
SELL - BY - FEDEX - $9,000 - EACH
BURN - THEIR - BODIES
THEN - WASTE - MANAGEMENT
TAKES - THEIR - PROPERTY
THINGS - PURCHASED
CLEAN - STREETS
KIDS - KIDNAPPED - SEPT - OCT
B 4 - HALLOWEEN
WOMEN - KIDNAPPED - 2 B
PROSTITUTES - UNTIL - UGLIER
WRINKLED - SAGGING
THEN - STABBED - 2 - DEATH
FOUND - IN - LARGE BUSINESS
TRASH - BINS - NAKED - EYES
WIDE - OPEN
ALL - IN - COMMON
CLEAN - STREETS
OPEN - PARKS - WITH - HOURS
POLICE - PARKED - THERE
SECURITY - PARKED - BOTH
ARMED
14TH - NO STATE - CAN DEPRIVE
A - PERSON - OF - LIFE
ALL - ILLEGALLY - ARMED
FLORIDA - NOT - OPEN - CARRY
ALL - OPEN - CARRY
SECURITY - TRANSIT - POLICE
ALL - ILLEGALLY - ARMED
DEAR - ROY DISNEY,
FOR - THE - HOMELESS
THINKING - DISNEY - TRUCKS
EVERY - HOUR - WHERE THEY
SIGN - THEY'RE - HOMELESS
THEIR - AGE
COUNTRY - OF - BIRTH
CITY - OF - BIRTH
THEY - SIGN
HOMELESS - OR - POOR
SCANNERS - 2 - REGISTER
TIME - DAY - I - WANT - THE
POOR - AND - HOMELESS
REGISTERED - THEIR - NOS
WHERE - THEY'RE - FROM
DEAR - ROY DISNEY,
TRUCKS - OF - WALT DISNEY
WORLD - PER - HOUR - GIVING
THE - POOR - AND - HOMELESS
FOOD - PER - HOUR
THESE - HOBOS - BUMS
BLKS - HISPANICS - MAJORITY
MEN - ARE - AWAKE - EVERY
HOUR - SO - THOSE - WORK'G
WANT - 2 - WORK
MAIN - LIBRARY
AIR CONDITIONING
ANTI - AGING
THEY - FIGHT - ARGUE - TALK
LOUD - SO - THOSE - WHO YES
WORK - WILL - WAKE - UP
TIRED - WEARY - NOT - TRULY
PERFORM - WELL
HOMELESS - BECOME
PUBLIC - NUISANCE - YET
MIAMI - POLICE
NEVER - GIVE - THEM - $$$$
MONETORY - FINES
JAIL - TIME - ENCOURAGE
CRIME - HISPANICS - ALL
HAVE - HUGE - KNIVES
MIAMI - POLICE - ALLOWING
FEMALES - 2 - BARE - THEIR
BUTTOCKS - 2 - WEE - WEE
2 - POOP - MALES - WEE WEE
ON - FENCES - TREES
BOTH - ILLEGAL
MIAMI POLICE - NEVER GIVES
TICKETS - JUST - LECTURES
BUT - MIAMI - POLICE
EXCELL - IN - THROW - YOUR
THINGS - WOMEN - ESPECIALLY
WEAR - SAME - CLOTHES
DAILY - DON'T - SHOWER
ONE - MONTH
MIAMI - POLICE
MAKING - HOMELESS
HEALTH - RISK
2 SHOWERS - DAILY
KEEPS - CORONAVIRUS
AWAY
CAMILLUS HOUSE
NO - SHOWERS - WEEKENDS
5A - SHOW - UP - ILLEGAL
TRANSPORTATION - BEGINS
5A - ENCOURAGES - HOMELESS
NEAR - THEM
MUST - B - SAME - NO - GIRLS
AND - BOYS
ALL - NON-PROFIT
FEEDING - ONLY - MALES
MAJORITY
MISSIONARIES - OF - THE
OLD - CROW - TERESA
SOUP - KITCHEN - 4 - MEN
ILLEGAL - DISCRIMINATION
OF - GENDER
DEAR - ROY DISNEY,
FOOD - TRUCKS - IS - EMPLOYMENT
FLORIDA - HEAT - WHY - SOUP - IS A
POPULAR - IS - STRANGE
HDG - BANKS - WOULD - LIKE
50 - STATES - UNITED
WALT DISNEY - WORLD
FOOD - TRUCKS - EACH - HOUR
PROVIDING - GPS - OF - OUR
CITIES - PROVIDING - WORK
THEY'RE - DOING - THEFT
PROSTITUTION - TAX - EVASION
WHY - THEY - WANT - 2 B 4 EVER
HOMELESS
PG 7
'THE - DECLARATION - OF
INDEPENDENCE - AND - OTHER
GREAT - DOCUMENTS - OF
AMERICAN - HISTORY'
1775 - 1865
EDITED - BY - JOHN GRAFTON
SOLUTION - 2 - USA
OVERTHROW - THE - US GOV'T
OVERTHROW - GOVERNMENTS
DISAPPEAR - THEIR - WEAPONS
KNIVES - NUCLEAR - WEAPONS
MILITARY - TANKS - POLICE CARS
SHERIFFS - CARS - DISAPPEAR
ALL - WEAPONS - SCOOTERS - 2
MOTORCYCLES - MOPEDS
SOLUTION - REMOVE WEAPONS
INVASION - BY - 300 MILLION
CHINESE - MALES
OVERTHROW - US - GOV'T
DEAR - ROY DISNEY,
HDG - BANKS
NON-ARMED - OCCUPATIONS
MILITARY - DUTY - NOT - JOBS
WILL - U - HELP - US
WE - NEED - LEGAL - PERMIT
MICKEY - AND - MINNIE
MOUSE - FOOD TRUCKS
24/7 - CAN - WITHSTAND
500 MPH - WINDS - CAN
FLY - DURING - FLOODING
HOURLY - FEED - THE POOR
AND - HOMELESS - MIAMI
FULL - OF - PARK - AND PAY
PARKING - LIKE - TIDE - DID
PARKING - WASHERS - AND
DRYERS - DONALD - DAISY
DUCK - SHINY - LIKE GLOSS
SHEET - 2 - GET - THEIR
CLOTHES - HOMELESS ARE
THIEVES - FREE - LAUNDRY
FOR - POOR & HOMELESS 2
AGAIN - JOBS - PROVIDED
BUT - PROBLEM - THE - FOOD
THEY - GIVE - NO - SALT
TASTELESS - OBSESSION - OF
BEANS - ON - RICE
SODA - OVER - 100 CAL
HIGH - FRUCTOSE - CORN
SYRUP - ARTIFICIAL SWEETS
HINDERS - LEARNING
ENDS - MEMORY
SO - HOMELESS - REMAINS
FATS - OBESE - WHAT - DAY
IS - TODAY
MIAMI - SPENDS - $7 BILLION
WATERING - STREETS
MOVE - YOUR - THINGS - 2 THE
FENCE - MEAN - MIAMI POLICE
MEAN - COUNTY - EMPLOYEES
1.33 MILLION - EMPLOYEES
MIAMI - DADE - COUNTY
HIGH - WAGE
INSTEAD - OF - MACHINES
THAT - REMOVE - LEAVES
DIRT - HOMELESS - LOITER
ALL - THE - TIME - NO $$$$
MONETORY - FINES - FR
MIAMI - POLICE
WRONG - TREES - UGLY
LEAVES
DEAR - ROY DISNEY,
MOSO - BAMBOO - KING
OF - BAMBOOS - ABSORBS
FLOODING - BLOCKS - 500 MPH
WINDS - ONLY - PLANT - THAT
ENRICHES - LAND - BLOCKS
NOISE - BLOCKS - POLLUTION
CARBON - POISONING - TRULY
STRONGER - THAN - WOOD
PROVIDES - 35% - MORE - YES
OXYGEN - THAN - TREES
FR - SOUTHERN - CHINA
EASY - 2 - PLANT - MAINTAIN
3 FT - DAILY - MAX - 75 FEET
AS - PLANT - U - CAN - CUT
THE - TOP - ALL - THE - TIME
BAMBOO - FURNITURE
BAMBOO - KITCHEN - WARE
GROWS - AGAIN - 2 - 75 FEET
FOREVER - BUSINESS
BAMBOO - BOWLS
$15 - AT - IKEA
EXPENSIVE
BAMBOO - HAIR - BRUSH
DEAR - ROY DISNEY,
HARVARD - LAW - 2 - GET
PERMISSION - 2 - REMOVE
MANY - TREES - 2 - SUB WITH
MOSO - BAMBOO - BETTER 4
MIAMI - RIVER
CAN - YOU - HELP - US
FOOD - TRUCKS - PER - HOUR
ASIAN - FOOD - IS - CHEAPEST
LAST - LONGEST
RAMEN - NOODLES
VEGETARIAN
CHICKEN
BEEF
PORK
CROCODILES - TASTE - BETTER
THAN - PIGS - LEANER - HEALTHY
REPUBLICAN - PARTY - OF - FL
PROTECTING - DANGEROUS
CROCODILES - THEIR - SIZE
2 - FEED - FAMILIES
BEEF - NOODLES
BEEF - LO MEIN
MICKEY - AND - MINNIE
FOOD - TRUCKS
24/7 - FEEDING - EVERY
HOUR - SO - THEY - CAN
CONCENTRATE - ON - WORK
BECAUSE - EVERY - HOUR
YOU'RE - COMING
30 MIN - AFTER - EVERY HOUR
BEGINING - EACH - HOUR
DONALD - AND - DAISY
FREE - WASHERS - DRYERS
PARKED - SO - WE - CAN DO
LAUNDRY
DEAR - ROY DISNEY,
WE - WOULD - LOVE - 2 WEAR
AS - HOMELESS - WAREHOUSE
DISNEY - CLOTHES
ORGANIC - COTTON
RECYCLED - POLYESTER
FOOD - TRUCKS
MICKEY - AND - MINNIE
BURGERS - FRIES - ARE
LOUSY - HERE - THEY - GIVE
US - McDONALD's - OLD YES
FRIES - THEY - CHOKE - US
EVERY - PRECISE
30 MIN
POOR - AND - HOMELESS
SCANS - REGISTER - TIME
DAY - THEY'RE - THERE
6:30A - 7:30A - 8:30A - 9:30A
2:30A - 3:30A - 4:30A - 5:30A
MICKEY - AND - MINNIE
FOOD - TRUCKS
BURGERS - CHEESEBURGERS
TERIYAKI - BURGERS
TERIYAKI - MUSHROOM BURGERS
PEPPERONI - PIZZA
PEPPERONI - SAUSAGE - PIZZA
5 CHEESES - PIZZA
THEY - GIVE - US - STYROFOAMS
CAUSES - CANCER - RADIATIONS
PLASTIC - FORKS - SPOONS
UNSAFE - 4 - ENVIRONMENT AND
OUR - HEALTHS
ARTHRITIS - PANCREAS - CANCER
TERMINAL - CANCER
ALUMIMUM - COVERED - DOGS
ALUMINUM - SANDWICHES
THAT - ALUMINUM - GOING - TO
FOOD - LEAD - POISONING
DEAR - ROY DISNEY,
MIAMI - POLICE - TRYING - 2 KILL
US - AS - WOMEN - AS - WOMEN 2
800,000 - WOMEN - DIE - IN - USA
EACH - YEAR - B 4 - AGE 50 - FRM
HEART - ATTACK
2 - HISPANIC - RETARDS
MEN - AND - WOMEN
TRIED - 2 - KNIFE - ME - 2 - GET
MY - CLOTHES - THINGS
TRIED - 2 - KNIFE - MY - TENT
MY - HEAD - 2 - GET - MY YES
CLOTHES
MIAMI - POLICE - BLK - GIRL
YELLED - AT - ME
2 - CALM - DOWN
I - WAS - CALM 2
DEAR - ROY DISNEY,
HELP - US - WITH - CLOTHES
ASIAN - FOOD - AMERICAN
FOOD - BETTER - FOOD YES
CONTAINERS - BETTER
BAMBOO - DISPOSABLES
HDG - BANKS
LET's - GET - TOGETHER
AMAZON - PRIME - SELLING
BAMBOO - AND - PALM LEAF
DISPOSABLES
WE - NEED - YOUR - LEGAL
PERMIT
ASIAN - MALE - DRIVERS
LOTS - OF - COOKS - AND
SERVER - JOBS
MICKEY - AND - MINNIE
FOOD - TRUCKS - PER HR
30 MIN - OF - EACH HOUR
24/7 - HOLIDAYS
DEADLY - HURRICANES
GOVERNOR - DUSANTIS
REPUBLICAN - PARTY - OF
FLORIDA - HIS - SELECTION
5 MEMBERS
WOULD - U - LIKE - 2 - TRANSFER
2 - ASHEVILLE - NORTH CAROLINA
14,000 - YEARS
CHEROKEE - INDIANS
ASHEVILLE - MEANS
'RIDING - WITH - THE - WIND'
DEAR - ROY DISNEY,
WHAT - IF - I - CAN - CREATE
WALT DISNEY - WORLD
2 WEEKS - IN - ASHEVILLE NC
DISAPPEAR - YOURS - IN - FL
1 MINUTE
OUR - DEAL
PROVIDE - YOU - BILLIONS
WALT DISNEY WORLD
ASHEVILLE - NORTH CAROLINA
24/7 - HOLIDAYS
NO - SOUND - FIREWORKS DAILY
ENTRY - $0.75 - 18 - AND OLDER
FREE - KIDS - 12/YOUNGER
SENIORS - 65 AND OLDER
MILITARY - LOCAL - WORLD
AGE 13 - 15 - $0.25 - EACH
AGE 16 - 17 - $0.50 - EACH
WE - TALK - ABOUT - YOUR - CAFES
ONLY - THE - BEST
LET's - GO - BACK - 2 - BEFORE WW2
IN - PRICES
MORE - KOREAN - VERSION - OF
US - FRANCHISES
MORE - EUROPEAN - IN - QUALITY
BETTER - CAFES - ALL - 24/7 - YES
I - CAN - SOLVE - THE - GENIE
THING - 'EARLY - BIRDS'
$0.25 - GENIE - 2 - GO - FRONT
OF - LINE
SINCE - 24 HRS - OPEN
FIRST 25 - AT 4A - 5A
SECOND 25 - AT - 6A
DEAR - ROY DISNEY,
CAN - WE - TRANSFER
WALT DISNEY - WORLD
2 - ASHEVILLE - NC FOR
THEY - HAVE - MOST - BEAUTIFUL
TREES - IN - THE - UNITED STATES
WAS - THINKING
MORE - SPORTS - FOR - KIDS
TEENS - COLLEGE STUDENTS
LIKE - AIR FORCE
INSIDE - CUBICLES - GOING UP
AND - DOWN
ZIPLINES - 4 - KIDS - TEENS
ADULTS - SENIORS
MORE - SPORTS - THAN - JUST
WALKING - I - WAS - THINKING
LIKE - NARITA - AIRPORTS
AUTO - WALK - AT - WALT DISNEY
WORLD - MORE - WATER - 2 HAVE
NICE - HEAT - DAYS - COOLER
SNOW - IS - WONDERFUL TOO
HEATERS - OUTDOORS - 2 MAKE
COLD - DAYS - WARMER
AIR CONDITIONER - OUTDOORS
DURING - SUMMERS
ASHEVILLE - NC
WALT DISNEY - WORLD
CAN - WE - LEAVE - FLORIDA - 2
DEAR - ROY DISNEY,
THEY'RE - GIVING - US - USED
PANTIES - RELIGIOUS - UGLY
SHIRTS - USED - CLOTHES
THEY'RE - SPREADING - DISEASE
AMONG - THE - POOR - AND THE
HOMELESS - ONE - LITTLE PIECE
OF - CHICKEN - I'M - PARTIALLY
BLIND - AND - DIDN'T - SEE - GOT
ALREADY - DORITOS
SO - HE - ALMOST - SAID - YOU
GOT - ONE - ALREADY
WAS - GOING - 2 - GIVE - NEXT
ONE - THEIR - FOOD - PEPSI
HIGH - FRUCTOSE - CORN
SYRUP - OVER - 100 CAL 2
ISLAM - 4 WIVES
FRIDAYS - THEY - GIVE
WOMEN - LESS - FOOD
GIVE - BLK - MALES
HUGE - CHICKEN THIGHS
PUBLIX - FRIED CHICKEN
THURSDAYS
CHRISTIAN - MEN - STARVING
PREGNANT - FEMALES - 4 - US
2 - DIET
CONTRACTING - WITH
SHANGHAI - CHINA AND
PARIS - FRANCE
WHERE - BABIES - SHOULD
B - BORN
MAKATI - VILLAGES
KOREAN - VILLAGES
CAN - YOU - HELP - US
HDG - BANKS
WE - CAN - GIVE - YOU
BILLIONS - OF - DOLLARS
WAREHOUSE - OF - DISNEY
WE - WANT - BRAND - NEW
WALT - DISNEY
CLOTHES
CATHOLICS - MAJOR - GIVERS
BUT - USED - SMELLY - TENTS
ILLEGAL
USED - PANTIES - WASHED
ILLEGAL
CATHOLICS - DISTRIBUTING
USED - WASHED - CLOTHES
DEAR - ROY DISNEY,
ALUMINUM - STYROFOAM
BEANS - ON - RICE
I - WAS - THINKING
POOR - AND - HOMELESS
DISNEY - CLOTHES
DISNEY - SHOES
DISNEY - FOODS
AMAZON - PRIME
SUPPLIES
BAMBOO - DISPOSABLES
PALM - LEAF - DISPOSABLES
SAFE - 4 - ALL - AND - THE
ENVIRONMENT
'LET's - GET - TOGETHER'
MORE - EMPLOYMENT
ASIAN - DRIVERS
MICKEY - AND - MINNIE
FOOD - TRUCKS - PER HR
WASHERS - DRYERS
DONALD - AND - DAISY
WASH - DRY - TRUCKS
PAYING - PER - HOUR
AT - PAY - AND PARK
24/7 - HOLIDAYS
HURRICANES
WALT - DISNEY - WORLD
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Ten Facts About Permanent General Assurance Corp That Will Blow Your Mind | permanent general assurance corp
What is the difference between Permanent General Assurance Corporation (PGA) and a private security lender? A private lender is a person, company, or institution that lends money without requiring collateral. A PGA is not a private lender, but a government-sponsored corporation that guarantee your loans.
Private security lenders are a type of private lending company. They have the legal authority to sell you a loan if you can't make payments. The only difference is that they do not require a collateral to approve your loan application. They may also charge a higher interest rate than a bank, but they still qualify for government programs that would otherwise be unavailable to them.
PGA bonds are offered by the General Assurance Corporation. These bonds guarantee that you will pay back your loans on time. Since the company has guaranteed your loans, it is not required by law to let you know whether they have approved you or not. It is a well-known fact that banks do not give out this kind of information since they do not want to get sued.
If you are in need of some financial help, you can go online and search for private security lenders in your area. Many banks offer their clients this kind of loan, but the fees they charge may not be enough. There are other reasons why people choose to go with a PGA. A PGA also guarantees that your loan will be approved without delay.
The reason why banks have become too strict is that private lending companies tend to be more lenient compared to traditional banks and personal loan companies. This means that there are fewer requirements for you to meet in order to qualify for a loan with a PGA. Some banks require you to have a high credit score, while others may require that you have good references. They are also required to verify certain documents before they give you a loan, such as credit reports and personal financial statements.
When you go to get a private loan, you should make sure that you apply to a PGA rather than a bank. The bank has a stricter approval process and the fees charged by them are usually lower. It is also possible that you will have to pay more for their services compared to the fees that are charged by a PGA. so it is best to always get quotes from both companies to see which one is better for you.
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If there is just one participant in the company, the LLC is treated as a “neglected entity” for tax objectives (unless another tax condition is chosen), and a specific owner would certainly report the LLC’s revenue or loss on Schedule C of his or her specific income tax return. Benefits Selection of tax obligation program. An LLC can choose to be taxed as a sole proprietor, collaboration, S company or C company (as long as they would certainly otherwise get such tax obligation therapy), offering a great deal of adaptability. A limited liability company with multiple participants that chooses to be exhausted as collaboration might specially designate the participants’ distributive share of income, gain, loss, deduction, or credit history by means of the firm operating contract on a basis besides the ownership percent of each member as long as the policies had in Treasury Regulation (26 CFR) 1.704-1 are met. S corporations may not specially designate revenues, losses and also other tax items under United States tax law. The owners of the LLC, called members, are protected from some or all responsibility for acts and financial debts of the LLC, depending on state guard laws.
Drawbacks Although there is no legal need for an operating contract in many jurisdictions, members of a numerous member LLC who run without one may run into troubles. Unlike state legislations regarding stock corporations, which are extremely well developed and provide for a range of governance and also safety provisions for the company and also its shareholders, a lot of states do not dictate in-depth administration and also safety stipulations for the members of a limited liability company. Therefore, in the lack of such statutory arrangements, the members of an LLC must develop governance as well as protective arrangements pursuant to an operating contract or comparable regulating document.
A limited liability company (LLC) is the United States of America-specific type of an exclusive minimal firm. An LLC is not a company in and of itself; it is a legal kind of a firm that offers minimal responsibility to its owners in many territories. In specific U.S. states (for example, Texas), companies that give professional services needing a state professional certificate, such as medical or legal services, might not be allowed to develop an LLC but may be called for to create a similar entity called a professional limited liability company (PLLC). For UNITED STATE government earnings tax obligation objectives, an LLC is treated by default as a pass-through entity. If there is just one member in the company, the LLC is dealt with as a “neglected entity” for tax obligation purposes (unless one more tax obligation status is elected), and also an individual owner would certainly report the LLC’s income or loss on Set up C of his or her individual tax obligation return.
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Going 'All-In': Silver and Gold Project Expanding in Nevada
Source: The Gold Report 06/08/2017
Shaking off delays in April, this mining and development company has money to expand, and analysts are talking about the Nevada project's May production results.
Rye Patch Gold Corp. (RPM:TSX.V; RPMGF:OTCQX) announced the sale of its "3.4% net smelter return royalty for total consideration of US$5,000,000 in cash" on June 1, and on June 6 announced a bought deal offering in Canada "for aggregate gross proceeds of $10,002,200. . .to be "used for continued expansion of the Florida Canyon, working capital and general corporate purposes."
In a June 2 announcement, Rye Patch outlined the production statistics for its Florida Canyon mine:
Mining of 1.174 million tons (1.07 million tonnes) of material including 551,359 tons (501,235 tonnes) of ore delivered to the crusher;
Stacking of 582,161 tons (529,237 tonnes) of ore on the new South Heap Leach pad;
Pouring of 5,566 troy ounces of dore containing 3,094 ounces of gold and 2,381 ounces of silver; and
Progressing toward commercial production in Q3.
William C. Howald, president and CEO of the Company, stated, "In less than one year, the Company has made the transformation from a Nevada explorer to Nevada's newest gold producer. The acquisition of the Florida Canyon mine was a transformational transaction that Rye Patch was uniquely positioned to pursue and re-start the mine to create shareholder value."
Analysts are looking at Rye Patch in a positive light as well. In an iA Securities June 2 research report, analyst George Topping noted that the proceeds from the sale of the smelter royalty to Coer Mining "will supplement the cash flow from the Florida Canyon mine to be used towards drilling near mill material, infill drilling, and expanding the known resource."
Topping went on to recognize the May production statistics for Florida Canyon, reporting that "at 3,094oz/month, the mine is producing 103oz/day, which is well on its way to achieving operating financial breakeven." Topper maintained a Buy rating and $0.75 target price.
Michael Gray, analyst for Macquarie Research, also stated in a June 2 report that Rye Patch "produced 100oz/day Au (3094ozAu in May), which is in line with our expectations from the May 16 site visit. We estimate production of 130oz/day for FCF breakeven pre-delivering into the hedge facility at $1276/ozAu. We expect gold production to continue to ramp up over the coming months, driven by pregnant gold solution concentrations increasing and two pad construction milestones."
Reiterating an Outperform recommendation and $0.65 target price, Gray concluded that Rye Patch "is a top pick amongst our developer coverage for its significant re-rating potential (0.35x NAV vs junior producer peers averaging at 0.6x Macquarie price deck) and emerging Nevada production on an underexplored trend, making it also an attractive target."
Rye Patch's shares are currently trading at around $0.26.
Read what other experts are saying about:
Rye Patch Gold
Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.
Disclosure: 1) Melissa Farley compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She owns, or members of her immediate household or family own, shares of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are sponsors of Streetwise Reports: Rye Patch Gold Corp. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.
Additional disclosures about the sources cited in this article
( Companies Mentioned: RPM:TSX.V; RPMGF:OTCQX, )
from The Gold Report - Streetwise Exclusive Articles Full Text http://ift.tt/2rG3kFP
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Going 'All-In': Silver and Gold Project Expanding in Nevada
Source: The Gold Report 06/08/2017
Shaking off delays in April, this mining and development company has money to expand, and analysts are talking about the Nevada project's May production results.
Rye Patch Gold Corp. (RPM:TSX.V; RPMGF:OTCQX) announced the sale of its "3.4% net smelter return royalty for total consideration of US$5,000,000 in cash" on June 1, and on June 6 announced a bought deal offering in Canada "for aggregate gross proceeds of $10,002,200. . .to be "used for continued expansion of the Florida Canyon, working capital and general corporate purposes."
In a June 2 announcement, Rye Patch outlined the production statistics for its Florida Canyon mine:
Mining of 1.174 million tons (1.07 million tonnes) of material including 551,359 tons (501,235 tonnes) of ore delivered to the crusher;
Stacking of 582,161 tons (529,237 tonnes) of ore on the new South Heap Leach pad;
Pouring of 5,566 troy ounces of dore containing 3,094 ounces of gold and 2,381 ounces of silver; and
Progressing toward commercial production in Q3.
William C. Howald, president and CEO of the Company, stated, "In less than one year, the Company has made the transformation from a Nevada explorer to Nevada's newest gold producer. The acquisition of the Florida Canyon mine was a transformational transaction that Rye Patch was uniquely positioned to pursue and re-start the mine to create shareholder value."
Analysts are looking at Rye Patch in a positive light as well. In an iA Securities June 2 research report, analyst George Topping noted that the proceeds from the sale of the smelter royalty to Coer Mining "will supplement the cash flow from the Florida Canyon mine to be used towards drilling near mill material, infill drilling, and expanding the known resource."
Topping went on to recognize the May production statistics for Florida Canyon, reporting that "at 3,094oz/month, the mine is producing 103oz/day, which is well on its way to achieving operating financial breakeven." Topper maintained a Buy rating and $0.75 target price.
Michael Gray, analyst for Macquarie Research, also stated in a June 2 report that Rye Patch "produced 100oz/day Au (3094ozAu in May), which is in line with our expectations from the May 16 site visit. We estimate production of 130oz/day for FCF breakeven pre-delivering into the hedge facility at $1276/ozAu. We expect gold production to continue to ramp up over the coming months, driven by pregnant gold solution concentrations increasing and two pad construction milestones."
Reiterating an Outperform recommendation and $0.65 target price, Gray concluded that Rye Patch "is a top pick amongst our developer coverage for its significant re-rating potential (0.35x NAV vs junior producer peers averaging at 0.6x Macquarie price deck) and emerging Nevada production on an underexplored trend, making it also an attractive target."
Rye Patch's shares are currently trading at around $0.26.
Read what other experts are saying about:
Rye Patch Gold
Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.
Disclosure: 1) Melissa Farley compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She owns, or members of her immediate household or family own, shares of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are sponsors of Streetwise Reports: Rye Patch Gold Corp. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.
Additional disclosures about the sources cited in this article
( Companies Mentioned: RPM:TSX.V; RPMGF:OTCQX, )
from https://www.streetwisereports.com/pub/na/17497
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Challenging Your Core Beliefs
While we have remained focused on the winners in the new normal which are predominately growth stocks, we recently added some industrial commodity, gold, and moderate growth-high dividend paying companies to our portfolios.
The market challenges our core beliefs at times. This was such a week where our tech holdings corrected; but fortunately, the industrial commodity, gold and moderate growth-high income payers really outperformed. Ironically, we were asked this week by a client to comment on the debate around whether growth stocks, like technology, were overvalued, since they have outperformed for so long, relative to value stocks.
It was a great question and takes us back to reviewing and then challenging our core beliefs along with valuation. Fortunately, we have had the benefit this week of listening to earnings calls from the top execs at JP Morgan, Bank America, Citibank, Pepsi, JNJ, and a few others on all the salient topics facing us as investors. Key topics discussed were the economy, the Fed, government stimulus, the financial system and obviously, the coronavirus. We also heard from Dr. Fauci and heads of research at key firms working on vaccines and therapeutics.
We always begin with a view towards liquidity. There is far more liquidity being added to the financial system by the Fed and the government than is needed by the economy therefore it is pushing investors further out on the risk curve. Virtually every corporate executive commented that this is anything but a normal economic cycle as you have huge increases in reported income, deposits, savings rates, housing starts and many other things that normally do not occur during a downturn. Yes, the Fed and the government stimulus programs are providing a bridge to the other side has been key. While everyone felt that the economy had bottomed, all of them said that it will take over two years to fully recover to pre-pandemic levels. The bankers acknowledged that there will a tremendous number of casualties along the way which is why their reserves rose in the quarter to levels never seen before. Everyone concurred that the short end of the yield curve will remain ridiculously low which will penalize bank spreads and earnings.
Their conclusion and ours, too, is that we will have a slowly improving economy over the next few years impacted by how soon therapeutics and vaccines are readily available; the yield curve will slightly steepen which means to us that the 10 year treasury may not even reach 1.5% from 0.6% now for some time; bankruptcies will increase; and the government will remain all in.
Remember that the stock market multiple has been historically priced off of 10-year treasuries plus a risk factor. While we see many bankruptcies, the banks are well prepared and over capitalized which translates into low financial risk. Yield spreads have continued to narrow which is an indication of low financial risk is in the system. A 10-year treasury even at 1.5% plus a risk factor of 2.5 which is on the low side but deserved for reasons stated above translates into a potential 25 market multiple.
While we are upset by the continued increase in number of coronavirus cases over the last week, it has finally forcedstates to mandate wearing of masks, maintain social distancing and utilize contact tracing. Companies are leading the way by limiting, if not postponing, office openings, and doing an extraordinary amount of testing. Stores are leaning in, too, mandating that all employees and customers wear masks and adhere to proper social distancing. The bottom line is that we are within weeks of the rate of change in the number of cases. We continue to hear promising news on therapeutics and vaccines which only increases our confidence that both will start being available this fall but it will take many months until broadly available and probably not until 2022 for all of us who want to be vaccinated to be. JNJ was very confident that we will have both in record time. But that does not change our view that it will take until the end of 2022 to return to pre pandemic economic levels. Thank goodness, our medical practitioners have learned how to better handle the virus, significantly lowering the death rate.
Our economy has bottomed but the improvement will be uneven. For instance, the rate of gain has already slowed from June’s growth due to more outbreaks in California, Texas, Florida and other key states. We need our government to agree and implement on a timely basis a stimulus program to carry on for the foreseeable future after the Cares Act expires within just two weeks. We hope that the plan comes in between $1-1.5 trillion which should be enough. There is no question after hearing from several Federal Reserve officials last week that the Fed will keep their feet to the floor providing all the liquidity needed to keep the system afloat with extraordinarily low rates, buying everything in sight. We agree with the heads of all the major banks that the recovery will not be a V; provisions will remain at these levels for a while longer; there will more bankruptcies; and you will not see the true impact from the pandemic until stimulus ends. Again, it will take a full two years for our economy to recover.
Before we get back to our core beliefs and growth vs. value, we want to make a few comments on the election. While Biden widened his lead last week, we do expect the race to tighten as we get closer to the election. Trump needs to thread the needle to win which means very good news on both the virus and the economy at a minimum. Could it happen? We don't think so. It may also hinge on school openings in the fall. Right now, it remains iffy. One good thing is that Trump has apparently backed off on sanctions against Chinese officials (for now) and can point to the record level of soybean and corn orders recently placed to achieve agreed the upon levels in the Phase 1 trade deal. Unfortunately, we are not impressed with Biden’s agenda but that may not matter in the end. Stay tuned.
Investment Conclusions
Liquidity drives markets. That has been and remains our number one core belief. Another core belief revolves around the monumental and permanent change in mindsets regarding spending more time than begore. This has tremendous ramifications for investing. Our third core belief is to invest where the wind is towards your back, avoiding areas where the wind is in your face. We also like to invest in companies whose margins are improving. Companies are using the pandemic as an excuse to substantially reduce costs which will lead to higher margins on the other side. PPG just reported surprisingly strong results despite weak volume because they cut costs so aggressively. This will an important theme to watch play out as the market reacts favorably to rising margins.
We remain in a very favorable environment for risk assets which includes stocks, industrial commodities, and gold. We continue to avoid all bonds as we expect the yield curve to steepen as our economy improves, albeit relatively slowly, after a huge fall-off due to the pandemic and inflation moves up. Remember that there is over $5 trillion in cash and money market funds sitting on the sidelines ready to go. Plus, we expect investors to reduce their bond exposure. Where will much of these funds go?
Now let’s look at growth vs. value. There is no reason that you can’t own both as a barbell approach to investing. We put together a value list a few weeks ago to complement our sustainable, high-growth portfolio. Each one of these companies has moderate growth plus dividend yields over 3.15% and we expect the dividends to increase along with earnings. Our growth companies are tied to the new normal and will have an acceleration in earnings growth, from already high levels, as every home becomes a workstation. These companies, which have done great to date, are still undervalued using earnings yield calculations relative to bond yields--a key Buffett tool. These companies are also undervalued using typical earnings discount models. Remember 10-year treasuries are 0.6% today although we are forecasting 1.5% in 2.5 years. You can pay a huge premium for real sustainable growth above 15-20% in today’s world. These companies generate a ton of free cash, too. Finally, many of the great tech growth companies have business embedded in them that are not fully valued such that the sum of the parts far exceeds the whole. For instance, Cisco owns the largest video conferencing company; Amazon owns the largest cloud company; Google owns the largest driverless car company; and Facebook owns many diverse social media sites. Breaking any one of them up could create much more value than their current market prices. Just look at the action in Dell this week after they announced that they may monetize their VMware holdings.
Many of the value companies that we have selected have also benefitted from the pandemic like General Mills, Home Depot, and Pepsi. Our expectation is to earn a conservative 9-14% including dividends in these stocks over time in line with their growth. We intend on using covered calls to enhance returns and to minimize risk, too.
The bottom line is that it all comes down to stock selection and valuation. Each investment is evaluated on its own merits. We have finally entered a period where active portfolio management will outperform passive management. Sorry, Warren.
The weekly Investment webinar will be held on Monday July 20th at 8:30 am EST. You can join by entering https://zoom.us/j/9179217852 in your browser or by dialing +1646 558 8656 and entering the password 9179217852.
Remember to review all the facts; pause, reflect and consider mindset shifts; look at your asset mix with risk controls; turn of your cable news; do independent research and…
Invest Accordingly!
Bill Ehrman
Paix et Prospérité LLC
917-951-4139
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Need health insurance?
Need health insurance?
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Widening Your Scope: How to Find Off-Market Properties
This post originally appeared on Marketplace Advertiser, Reonomy and is republished with permission. Find out how to syndicate your content with theBrokerList.
While listings platforms and sales advertisements have their perks, the world of off-market property opens the door to unlimited commercial real estate potential. No matter your investment role or level of expertise, chances are, there’s an off-market property out there for you, just waiting to be discovered.
To help guide you through the world off-market property to find your next opportunity we’ll discuss the following:
How to Find Off-Market Properties
Finding Off-Market Properties Using Reonomy
Identifying Off-Market Opportunities
Unlocking Contact Information
Off-Market Properties for On-Target Deals
So, what exactly is off-market property and why does it matter? Here’s what you need to know…
Off-Market vs. On-Market
On-market listings are the properties that are actively being listed as “for sale.” Whether through a broker or by the property owner, these properties are being advertised to encourage buyers to make an offer.
Off-market properties are those that are not publicly listed for sale. Considering only a sliver of properties are ever listed for sale, the off-market pool is much larger. Access to the country’s entire supply of property and their corresponding decision makers expands a real estate professional’s entire scope of choices.
Why Off-Market Matters
Instead of limiting the number of property choices by focusing on those only listed as “for sale” through middlemen, searching for off-market allows commercial professionals to generate outcomes directly with property owners.
For buyers, developers, brokers, and other investors, conducting off-market deals enables the following:
Money saved on middlemen fees since they’re working directly with the owners and aren’t getting outpriced by other potential buyers.
Flexible financing opportunities from closely working with the owner and negotiating on a personal level.
Faster closing dates.
Flexibility, simplicity, and fewer fees spent on middlemen–these are all the perks of conducting off-market deals. But, how can you find them?
Luckily, off-market data can help expand your potential investment selection. Compared to the properties actively being advertised as “for sale,” access to the off-market sphere opens the door to a realm of possibility that may have been previously overlooked, or more likely, simply not known about.
How to Find Off-Market Properties
Although they aren’t actively listing their properties, you’d be surprised at how many owners may be actually interested in selling. From corporate owners with broad portfolios to local business owners, everyone has a price. By arming yourself with a robust off-market data platform, you can easily find the properties that interest you and the information you need to strike a better deal.
Finding Off-Market Properties Using Reonomy
With millions of commercial real estate properties throughout the nation, finding a place to start can be a daunting task. Thankfully, Reonomy OffMarket can help alleviate the challenges associated with the off-market property search.
Reonomy has information on 54 million properties across the United States. With a myriad of filter options on property details, users can run customized granular searches on each and every one of these assets and parcels of land.
To begin your off-market property hunt, consider the types of property you’re looking for; do you want to focus on a specific location? Maybe a certain industry, like retail or mixed-use? Think about what you’re looking for in a property, then use the below search filters to narrow your scope to your liking.
Location-Based Search
An easy way to kick off your off-market property search is via geography. Maybe you’re an investor who’s only interested in properties in Florida. With Reonomy OffMarket, you can either search for these using the map or with location-based filters.
Filtered Search
You can also use geographic filters in the Reonomy platform to run a location-based search. Find off-market property owners across the nation by state, city, county, zip code, or Opportunity Zone.
For example, maybe you want to focus on properties located in Florida’s Orange County. By typing in Orange County into Reonomy’s county field, you’ll be served up over 87,000 properties to further explore. You can refine this even more by adding more granular geographic filters, asset type, building characteristics, and sales/debt history.
Map Search
You can also search by the map. By integrating Google Maps, this user-friendly map makes it easy to scroll and zoom, and will automatically update with the commercial properties available in the location you focus on.
Asset-Based Search
You can also search for off-market property by asset type. From duplexes to farmland, Reonomy allows you to tailor your search based on different industries.
Maybe you’re interested in capitalizing on the industrial growth in the Orlando area, specifically in warehouses. Now that you’ve decided to hone in on these types of properties, you can deepen your search with the asset type. By clicking Asset Type in the search bar and choosing Industrial, you’ll have the option to serve up only the industrial properties in this area. Then, Reonomy allows you to get even more specific with your industrial search, with filter options like Warehouse, Facilities, and Public Storage.
Sales-Based Search
While owners of off-market properties might not be actively listing their property as “for sale,” it doesn’t mean it’s off the table. Searching by sales history and data can help you determine off-market properties that may have a higher chance of selling. For instance, owners that have owned their properties for 10+ years might be more interested in an off-market deal than new owners.
Reonomy allows you to search for properties by sale date, using either a custom or preset time range.
Debt-Based Search
Similarly, you can narrow your off-market property pool by searching via debt history. Owners who may be coming to terms on their loans may be more eager to sell compared to those who just took out a mortgage. You can also use debt information to identify properties in distress, furthering your chances of finding an owner likely to sell.
To find these properties, Reonomy allows you to filter using debt characteristics, like maturation and origination date. Let’s return to our original Florida example. You could refine your search for Orlando-based warehouses further by filtering out for properties with a maturity date in the next 90 days. From there, you’ll be served up all the properties with upcoming maturity dates, enabling you to handpick the properties you want to explore further.
Owner-Based Search
If you already know the name of the owner you’d like to see properties associated with, conduct a property owner lookup. This serves up the associated contact information, as well as the entire owner portfolio.
To run a property owner lookup, simply search via the owner information you already have. This can be done using either the name of the individual owner, the LLC, or the mailing address. From there, access and explore the different properties to reference during your pitch.
Identifying Off-Market Opportunities
Once you’ve narrowed your property pool to match the credentials you’re interested in, take a deeper dive into the property deals to identify which might be potential opportunities. Here’s how:
What to Consider
There are a number of ways to pinpoint a potential seller. With Reonomy, you can explore a property’s specific details to determine whether or not the asset you’re interested in might be worth pursuing.
Sales History
To reiterate, sales history can help uncover specific details about an owner to help you determine if they may be in the market to sell. Each property in the Reonomy platform includes respective sales history to explore and learn more about. By clicking on your desired property’s Sales tab, you’ll be served up a list of recorded last sales, the associated buyer, the associated seller, and respective sales prices.
Beyond date of the last sale, leverage recent sales prices in conjunction with other data to determine the value of the property. If you believe the property is more valuable than the most recent sales price, you may be inclined to reach out and strike a deal.
Debt History
Rich, granular debt history can also be beneficial in identifying off-market opportunities. Similar to Reonomy’s sales history, each property in the platform also provides ample debt history. Using this, you can compare properties and see which might be in need of refinancing sooner than others.
Owner Portfolio
Finally, you can decide whether or not a property may be a potential deal by exploring an owner’s portfolio. By clicking on the owner’s name in a property page, you’ll be taken to their entire asset portfolio and can see the other properties they own.
Seeing comparable properties under the same owner can help bolster your deal-making abilities when it comes time to reach out. Maybe there’s an opportunity to sell multiple properties opposed to just one. Additionally, check the owner portfolio to see if they’ve sold any other properties recently. Owners who have sold recently might be interested in selling again.
Unlocking Contact Information
Successful off-market prospecting strategies are contingent on the accuracy and availability of ownership information. Since these properties aren’t being listed on a platform or via a broker, it’s imperative users have the information they need to get to to the decision maker. Reonomy TrueOwner lets users retrieve these details in seconds.
Each property in the platform allows investors to see the names of owners associated with properties, then view their corresponding contact information. From there, users can negotiate directly with owners and ultimately unlock ‘deal making’. This eradicates hours spent digging through physical property records and county files, giving users time back in their day to nail their pitch. It also allows investors and developers to surpass the competition and create stronger off-market deals before others do.
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Reonomy also makes it easy to “pierce” the LLC. When properties are listed under an LLC, or Limited Liability Corporation, it makes it difficult to uncover true owners and decision makers. Reonomy users have the ability to go beyond the LLC to unearth individual owner names and their corresponding contact information, like phone numbers and mailing addresses.
The opportunities in finding off-market properties are virtually endless. Thankfully, commercial estate data and powerful technology can help simplify your search from start to finish. Gone are the days of manual sourcing–the right real estate data platform can streamline your search so you can focus on unlocking stronger off-market deals.
Ready to take your next deal off-market? Start your free trial with Reonomy today.
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How to Know Whether an LLC or a Corp is the Best Fit for Your Construction Business
There are a number of factors that should be considered when deciding whether to set up your business as a corporate or limited liability company (LLC). This includes the type of work that you do, the number of employees that you have, as well as various tax considerations.
Deciding to formalize the structure of your company as an LLC or corporation has important implications and should only be undertaken when you have a clear understanding of the pros and cons of each. Once you have a general contractor license, and before filing papers, consider getting expert advice to ensure that you make the right decision for your business.
Choosing a Corporation vs. LLC
An LLC (limited liability company) is a hybrid form of partnership that offers many of the advantages of a corporation and a partnership. Profits and losses can be passed through to owners without the business being taxed, and owners are shielded from personal liability.
A corporation can be taxed, held legally liable for its actions and can make a profit. The main benefit of a corporation is the protection from legal liability while two key disadvantages are the costs to incorporate and the extensive paperwork that needs to be filed. An S-corporation (Subchapter corporation) helps avoid double taxation which is a drawback for regular C corporations.
Business Freedom
We find that, for most construction businesses an LLC is the best fit because, while both a corporation and an LLC offer protection for the owner from liability, an LLC offers more freedom in how the business is managed. An example of this is in an LLC’s operating agreement; the company owners can expressly outline the obligations, powers, and rights of the manager and the LLC’s members. These rights, powers, and obligations can also be directly limited if needed.
An LLC also requires fewer formalities than those associated with a corporation. Specifically, annual meetings are not required.
Get Professional Advice and Assistance
If you want to set up an LLC, Contractors Reporting Services in Tampa FL can help. They’ll take out the stress, giving you the space to focus on building your business. Their professional, experienced staff have the expertise you need to get your paperwork handled efficiently. They will help you set up an S-Corporation or an LLC, whichever is the best fit for your needs.
They are also available to assist with ancillary services related to incorporating or setting up an LLC such as:
Corporation Amendments – if any changes are made to the corporation such as changing officers or directors, they need to be registered and recorded the Secretary of State in Florida. Their team will provide fast, stress-free amendment filing so that you can focus on running your business.
Annual Reports – annual reports are required to be filed every year in order for a Corporation or LLC to maintain their ‘active status.’ Failure to file annual reports can have serious implications, not least of which is a non-negotiable penalty of $400 for late filing which cannot be waived. Additional reinstatement fees and penalties can mean that costs to get your business on solid footing will exceed $900.
Annual Minutes – When any changes are made to the structure of the corporation (such as amendments, changes of officers, and stock purchases or sales) the business is required to record them either in special minutes or under the annual minutes of the corporation.
Whether you decide on an LLC or a corporation, provided that they are formed and managed correctly, both will protect the business owner’s personal assets. This means that in the event of a claim or lawsuit filed against the business, only the assets that are owned by the LLC or corporation can be attached. If you have any questions, Contractors Reporting Services would like to be of assistance.
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Going ‘All-In’: Silver and Gold Project Expanding in Nevada
Source: The Gold Report 06/08/2017
Shaking off delays in April, this mining and development company has money to expand, and analysts are talking about the Nevada project’s May production results.
Rye Patch Gold Corp. (RPM:TSX.V; RPMGF:OTCQX) announced the sale of its “3.4% net smelter return royalty for total consideration of US$5,000,000 in cash” on June 1, and on June 6 announced a bought deal offering in Canada “for aggregate gross proceeds of $10,002,200. . .to be “used for continued expansion of the Florida Canyon, working capital and general corporate purposes.”
In a June 2 announcement, Rye Patch outlined the production statistics for its Florida Canyon mine:
Mining of 1.174 million tons (1.07 million tonnes) of material including 551,359 tons (501,235 tonnes) of ore delivered to the crusher;
Stacking of 582,161 tons (529,237 tonnes) of ore on the new South Heap Leach pad;
Pouring of 5,566 troy ounces of dore containing 3,094 ounces of gold and 2,381 ounces of silver; and
Progressing toward commercial production in Q3.
William C. Howald, president and CEO of the Company, stated, “In less than one year, the Company has made the transformation from a Nevada explorer to Nevada’s newest gold producer. The acquisition of the Florida Canyon mine was a transformational transaction that Rye Patch was uniquely positioned to pursue and re-start the mine to create shareholder value.”
Analysts are looking at Rye Patch in a positive light as well. In an iA Securities June 2 research report, analyst George Topping noted that the proceeds from the sale of the smelter royalty to Coer Mining “will supplement the cash flow from the Florida Canyon mine to be used towards drilling near mill material, infill drilling, and expanding the known resource.”
Topping went on to recognize the May production statistics for Florida Canyon, reporting that “at 3,094oz/month, the mine is producing 103oz/day, which is well on its way to achieving operating financial breakeven.” Topper maintained a Buy rating and $0.75 target price.
Michael Gray, analyst for Macquarie Research, also stated in a June 2 report that Rye Patch “produced 100oz/day Au (3094ozAu in May), which is in line with our expectations from the May 16 site visit. We estimate production of 130oz/day for FCF breakeven pre-delivering into the hedge facility at $1276/ozAu. We expect gold production to continue to ramp up over the coming months, driven by pregnant gold solution concentrations increasing and two pad construction milestones.”
Reiterating an Outperform recommendation and $0.65 target price, Gray concluded that Rye Patch “is a top pick amongst our developer coverage for its significant re-rating potential (0.35x NAV vs junior producer peers averaging at 0.6x Macquarie price deck) and emerging Nevada production on an underexplored trend, making it also an attractive target.”
Rye Patch’s shares are currently trading at around $0.26.
Read what other experts are saying about:
Rye Patch Gold
Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.
Disclosure: 1) Melissa Farley compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She owns, or members of her immediate household or family own, shares of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are sponsors of Streetwise Reports: Rye Patch Gold Corp. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.
Additional disclosures about the sources cited in this article
( Companies Mentioned: RPM:TSX.V; RPMGF:OTCQX, )
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An introduction to the Koch digital media network
New Post has been published on https://britishdigitalmarketingnews.com/an-introduction-to-the-koch-digital-media-network/
An introduction to the Koch digital media network
David Koch (AP Photo/Phelan M. Ebenhack, File)
Though they have wildly diverse business interests, the Koch brothers are more famous for how they spend their money than for how they make it. Koch Industries is active in asphalt products, medical hardware, construction materials, glass, fuel, cattle and fabrics used to make everything “from rugged work clothes to sexy underthings,” according to the Koch Industries website. But the breadth of the political funding they coordinate may be even greater.
Elements of the Kochs’ pro-market anti-interventionist philosophy have been thrust to the forefront of politics in recent years thanks in part to their influence. Although their political operation is sometimes portrayed as a monolithic force, tipping the scales of public opinion toward economic libertarianism and directly bankrolling their candidates of choice, a closer look reveals a more complex operation. Thanks to campaign finance laws limiting political spending, the Kochs have to find creative ways to leverage their influence effectively.
The result of these maneuverings is the “Koch network,” a web of PACs, think tanks, nonprofits and LLCs likened to an octopus by Jane Mayer, the journalist who wrote the book on the Kochs. The names of some organizations in the network, like Americans for Prosperity or Freedom Partners (which exists in several incarnations, including Freedom Partners Action Fund, Freedom Partners Chamber of Commerce, Freedom Partners Institute and Freedom Partners Shared Services) might seem familiar. Others, like American Encore or Concerned Women for America might not.
According to BBC, the Kochs’ total spending may hit $400 million this midterm cycle. Exactly how much of that will go to digital advertising is impossible to determine at this point, but using the tools Google, Facebook and Twitter introduced to increase digital ad transparency in the wake of 2016 election controversies gives a glimpse at which races and issues the network is currently interested in.
Based on its name alone, the Institute for Humane Studies is not a group most people would know to associate with the Koch-network or its libertarian political leanings. But the group built up by the brothers and chaired by Charles Koch paid $814,798 for “student marketing” in 2016. According to the group’s 2016 tax returns, which covers their fiscal year through August 31, 2017, the student marketing budget “introduces new audiences to the ideas of liberty through printed materials, emails, websites, direct mail, networking, and paid advertisements.”
As of October 5, the Institute for Humane Studies’ recent promoted tweets focus on city planning and zoning laws, especially in San Francisco. Promoted tweets are essentially paid-ads in the form of social media posts. Facebook has a similar promoted posts system.
One of the promoted tweets links to a video entitled “How Zoning Laws Are Holding Back America’s Cities.” In it, an economist Sandy Ikeda explains how zoning laws can drive up prices.
The video is hosted by the Institute for Humane Studies Youtube account which has additional videos in its feed entitled “Capitalism vs. Socialism Debate – Libertycon 2018” and “Your Next Government? From the Nation State to Stateless Nations.”
Meanwhile, Freedom Partners, a more visibly Koch-affiliated group, has been promoting anti-tariff tweets. One of their recent promoted tweets links to a page on the Freedom Partners website titled “Trade Builds America.” Another links to a Washington Post opinion piece that argues against tariffs imposed by the Trump administration. The piece’s author is Charles Koch.
“One might assume that, as the head of Koch Industries — a large company involved in many industries, including steel — I would applaud such import tariffs because they would be to our immediate and financial benefit,” Koch says in the piece. “But corporate leaders must reject this type of short-term thinking, and we have.”
Freedom Partners groups are also active on Google and Facebook. On Google, Freedom Partners Action Fund has bought 12 ads since the transparency tool launched. They have spent over $11,000 on advertising. Since July, their spending has increased steadily, and all ads that can be currently viewed in the transparency tool are for Ron DeSantis (R-Fla.). DeSantis received $15,000 in contributions from Koch Industries in 2016 and $5000 in 2018.
Meanwhile, on Facebook, Freedom Partners Shared Services ran more than 30 versions of an ad attacking Nevada gubernatorial candidate Steve Sisolak for taking campaign contributions. Freedom Partners Action Fund ran ads in support of Adam Laxalt, Sisolak’s opponent.
Freedom Partners also ran more than 90 promoted posts that were essentially open thank-you letters to politicians who had backed Koch-endorsed policies.
Political ads posted by a given organization can only be browsed via transparency tools if they were “promoted” as ads during or after May 2018 on Facebook and Google. The Facebook Ad Archive also kicks you off the tool if you view too many posts in a short period of time.
Still, the Facebook and Google transparency tools provide far more latitude than Twitter’s. Promoted ads on Twitter can only be viewed as far back as a week, so the Koch network’s digital ad-buys on Twitter from more than seven days ago are invisible. You can go back a little further with a paid subscription to AdEspresso University. That gets you access to a gallery with a handful of additional archived ads.
Using the AdEspresso tool, you can view a two-year-old promoted Facebook post from the Mercatus Center — of which Charles Koch is a board member and director according to the Center’s 2016 tax return — linking to an article that suggests Americans have “lost their mojo.” You can also see posts from American Energy Alliance, a Koch-funded group that according to 2015 tax documents paid i360 $116,215 for media services in 2015. i360 is a Koch-affiliated data company that builds profiles on potential voters by analyzing voting records alongside data from credit bureaus and social networks. American Energy Alliance posts support coal mining and write off subsidies for wind power as a sort of “Christmas gift” for special interests. American Energy Alliance has also provided grants to American Commitment and the 60 Plus Association, both of which are also Koch-associated.
The AdEspresso tool also reveals older promoted Facebook posts from Americans for Prosperity, the network’s flagship group. One post links to a Daily Caller article that credits fracking with reducing greenhouse emissions and another links to an Americans for Prosperity produced Ebook about the “10 biggest lies of socialism.”
Facebook’s official transparency tool retrieves over 2,000 promoted posts by Americans for Prosperity. That is not counting promoted posts by state-level versions of the group like Americans for Prosperity Utah, Americans for Prosperity Kansas, Americans for Prosperity Florida, et cet. A recent promoted post from Americans for Prosperity Illinois sounded the alarm about the Netflix tax.
According to Facebook’s transparency tool, between Aug. 31 and Sept. 16, Americans for Prosperity ran half a dozen ads against Sen. Tammy Baldwin (D-Wis.) and in favor of her opponent Leah Vukmir (R-Wis.). In that same period, they ran five ads against Sen. Claire McCaskill (R-Mo.). The McCaskill ads were only run in Missouri, but they all cost at least $5,000. Americans for Prosperity also spent at least $500 against Sen. Susan Collins in her home state of Maine from late June to mid-July. Facebook removed an anti-Collins post because it violated their policies, though it is not clear exactly how.
Americans for Prosperity started running 22 versions of a promoted post on August 25 that invite browsers to ��swipe” to see the four “most common” beliefs of past justices of the Supreme Court. These beliefs include “not seek(ing) to subvert the proper rule of law with judicial activism” and “never compromis(ing) our congressional rule of law to be ‘politically correct.’”
Occasionally the Americans for Prosperity Facebook account promotes posts linking to episodes of “Torch Talk,” a sort of chat show in which Gabrielle Broad, the organization’s national press secretary, interviews conservative politicians. The show seems to exist mostly on social media. Episodes of Torch Talk are also posted on YouTube but they are buried in episodes of a show with the same name about glassworkers who make elaborate marijuana pipes.
Over on Twitter, Americans for Prosperity has promoted four tweets in the past week as of this writing. One reads “Stop Wasteful Spending! Fish on treadmills, Hamlet performed by dogs – taxpayers have paid for some crazy stuff! Hold Congress accountable!” It links to StopOverSpending.com, a website affiliated with Americans for Prosperity.
Americans for Prosperity has spent $830,100 advertising on Google platforms and purchased 287 ads since May of this year. Their top five most viewed ads, each of which received between 1 and 10 million views, cannot currently be viewed in the transparency tool. The top four cost at least $50,000 apiece.
“While we are able to review these ads for compliance with advertising policies, due to technical limitations, we are currently unable to display the content of the ad in the Transparency Report,” says a notice displayed beneath the invisible ads.
Americans for Prosperity’s spending on Google ads has steadily increased since mid-September.
All of this barely skims the surface of the Koch digital advertising operations. There are almost certainly other Koch network groups that have promoted posts or bought ads on social networks, and there are thousands more ads from Americans for Prosperity alone available to view through the transparency tools (which are publicly available through Facebook, Twitter and Google). On top of that, the tools are seriously limited, so most pre-2018 advertisements are a mystery.
Digital advertising is only one sliver of what the Koch network does to exert its influence in Washington and beyond. In 2016, Americans for Prosperity alone spent $50,000 in lobbying and spent over $13 million on independent expenditures against Democrats.
Therein lies the trouble with examining the network. Looking at just one piece does not give you the full picture, but trying to take it all in at once is overwhelming. The only way to understand the Koch network is to look at its pieces, to go arm-by-arm and work your way toward the center. Digital advertising is a great place to start, but to really get to know the network one has to follow the money.
Will joined CRP as a reporting intern in September 2018. He studies journalism at George Washington University’s School of Media and Public Affairs. Before starting at CRP, he wrote for the Hatchet, GWU’s independent student newspaper, and covered murder trials for D.C. Witness, a nonprofit blog that tracks homicides. He grew up in Oshkosh, Wisconsin.
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Source: https://www.opensecrets.org/news/2018/10/intro-to-koch-brothers-digital/
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A limited liability company (LLC) is the United States of America-specific kind of an exclusive limited business. An LLC is not a company in as well as of itself; it is a legal form of a firm that offers minimal responsibility to its proprietors in lots of territories. In certain U.S. states (for example, Texas), companies that give professional solutions calling for a state professional permit, such as legal or clinical services, may not be allowed to form an LLC but may be called for to develop a comparable entity called a professional limited liability company (PLLC). https://en.wikipedia.org/wiki/Limited_liability_company Revenue tax For U.S. government earnings tax obligation functions, an LLC is treated by default as a pass-through entity. If there is only one member in the company, the LLC is treated as a “disregarded entity” for tax objectives (unless one more tax condition is chosen), as well as a private owner would certainly report the LLC’s income or loss on Arrange C of his or her private tax obligation return. Advantages Choice of tax regime. An LLC could elect to be exhausted as a sole proprietor, collaboration, S company or C firm (as long as they would certainly or else get such tax therapy), providing for a great deal of flexibility. A limited liability company with several members that elects to be exhausted as partnership might specifically designate the members’ distributive share of revenue, gain, loss, deduction, or credit rating via the firm operating arrangement on a basis besides the ownership portion of each participant as long as the regulations had in Treasury Regulation (26 CFR) 1.704-1 are met. S companies might not specially designate revenues, losses and other tax products under United States tax legislation. The owners of the LLC, called members, are safeguarded from some or all responsibility for acts as well as financial debts of the LLC, depending on state guard regulations.
Negative aspects There is no statutory need for an operating agreement in the majority of territories, participants of a several participant LLC who operate without one could come across problems. Unlike state regulations concerning stock companies, which are extremely well developed and attend to a variety of governance and safety stipulations for the corporation as well as its shareholders, most states do not dictate thorough governance and also safety stipulations for the participants of a limited liability company. Hence, in the absence of such statutory arrangements, the members of an LLC should establish administration and protective stipulations according to an operating agreement or comparable regulating record.
A limited liability company (LLC) is the United States of America-specific form of a personal restricted firm. An LLC is not a corporation in as well as of itself; it is a legal type of a business that supplies limited obligation to its owners in lots of territories. In certain UNITED STATE states (for example, Texas), companies that give specialist services needing a state expert license, such as clinical or lawful solutions, may not be permitted to create an LLC however might be called for to develop a similar entity called a professional limited liability company (PLLC). For U.S. federal revenue tax obligation functions, an LLC is dealt with by default as a pass-through entity. If there is just one participant in the business, the LLC is treated as a “neglected entity” for tax obligation objectives (unless an additional tax condition is chosen), and also a specific proprietor would certainly report the LLC’s revenue or loss on Schedule C of his or her individual tax obligation return.
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tax benefits of an llc 3wayfunding.com 888-883-3013
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A limited liability company (LLC) is the United States of America-specific kind of an exclusive limited business. An LLC is not a company in as well as of itself; it is a legal form of a firm that offers minimal responsibility to its proprietors in lots of territories. In certain U.S. states (for example, Texas), companies that give professional solutions calling for a state professional permit, such as legal or clinical services, may not be allowed to form an LLC but may be called for to develop a comparable entity called a professional limited liability company (PLLC). https://en.wikipedia.org/wiki/Limited_liability_company Revenue tax For U.S. government earnings tax obligation functions, an LLC is treated by default as a pass-through entity. If there is only one member in the company, the LLC is treated as a “disregarded entity” for tax objectives (unless one more tax condition is chosen), as well as a private owner would certainly report the LLC’s income or loss on Arrange C of his or her private tax obligation return. Advantages Choice of tax regime. An LLC could elect to be exhausted as a sole proprietor, collaboration, S company or C firm (as long as they would certainly or else get such tax therapy), providing for a great deal of flexibility. A limited liability company with several members that elects to be exhausted as partnership might specifically designate the members’ distributive share of revenue, gain, loss, deduction, or credit rating via the firm operating arrangement on a basis besides the ownership portion of each participant as long as the regulations had in Treasury Regulation (26 CFR) 1.704-1 are met. S companies might not specially designate revenues, losses and other tax products under United States tax legislation. The owners of the LLC, called members, are safeguarded from some or all responsibility for acts as well as financial debts of the LLC, depending on state guard regulations.
Negative aspects There is no statutory need for an operating agreement in the majority of territories, participants of a several participant LLC who operate without one could come across problems. Unlike state regulations concerning stock companies, which are extremely well developed and attend to a variety of governance and safety stipulations for the corporation as well as its shareholders, most states do not dictate thorough governance and also safety stipulations for the participants of a limited liability company. Hence, in the absence of such statutory arrangements, the members of an LLC should establish administration and protective stipulations according to an operating agreement or comparable regulating record.
A limited liability company (LLC) is the United States of America-specific form of a personal restricted firm. An LLC is not a corporation in as well as of itself; it is a legal type of a business that supplies limited obligation to its owners in lots of territories. In certain UNITED STATE states (for example, Texas), companies that give specialist services needing a state expert license, such as clinical or lawful solutions, may not be permitted to create an LLC however might be called for to develop a similar entity called a professional limited liability company (PLLC). For U.S. federal revenue tax obligation functions, an LLC is dealt with by default as a pass-through entity. If there is just one participant in the business, the LLC is treated as a “neglected entity” for tax obligation objectives (unless an additional tax condition is chosen), and also a specific proprietor would certainly report the LLC’s revenue or loss on Schedule C of his or her individual tax obligation return.
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Florida Supreme Court Could Make Florida A Legal Tech Hub
Companies that disrupt established industries do so with new business models and technology that can often place them in a “gray area” with respect to existing laws and regulations. Uber is a well-known example that has been thriving in this gray area for some time—primarily by classifying itself as a technology company, rather than a transportation company, to sidestep seemingly applicable regulations.
Our laws and regulations are in a never-ending race to catch up with ever-shifting changes wrought by technology. But as much as this is a challenge, it also presents a unique opportunity.
States are constantly competing with one another to attract new businesses to their communities. In fact, the sole mission of economic development organizations is to identify, recruit and incentivize companies to relocate and open offices in their respective states.
If we look back at some examples, Delaware became a place for business by offering companies predictability with their corporate laws. Connecticut and Iowa created favorable regulations to attract insurance carriers. South Dakota has lured credit card companies with favorable consumer lending laws. And more recently, the legalization of cannabis has driven economic growth in Colorado and other states.
Florida appears to have a similar opportunity with legaltech.
The legal tech landscape in Florida already includes quite a few companies. VortexLegal has its headquarters here in the state, as does Practice Panther, Rocket Matter, TrialWorks/Needles, CaseGlide, NetDirector, Provest, Premonition, and others. This is kindling for a hotbed of economic activity that needs a spark.
And a spark could come from the Florida Supreme Court which now has a number of interesting proposed rules, regulations and lawsuits pending that have the potential to establish Florida as the leading jurisdiction on legaltech issues. Were this to happen, the state could attract even more legaltech companies.
What would a legaltech-friendly jurisdiction look like?
A legaltech-friendly state would need to have regulations and rules in place that embrace technology and alternative business models in order to open the door for legal service entrepreneurs, not just lawyers, to be able to provide certain types of legal services. Recently, the States of Washington and Utah have authorized licensed paralegals to provide certain legal services in family law, eviction and debt collection matters. This is akin to the medical profession authorizing nurse practitioners to see patients and write prescriptions under the supervision of a doctor.
At present the Florida Supreme Court has three key matters before it of significant potential impact to all legaltech stakeholders.
The first could have a major impact on “matching services” and legal marketing companies. A proposed new rule would allow nonlawyers to be compensated for referrals. The current prohibition on sharing a legal fee with a nonlawyer has been a hallmark of the legal profession for many years, yet this has been systematically circumvented by using marketing and consulting agreements. Avvo recently found itself in the regulatory crosshairs about it. The company’s Legal Services product connected consumers to lawyers but concerns were raised in eight states over illicit fee-sharing and referral fees where rules expressly forbade attorneys in those states from participating in such programs.
If Florida were to create a regulatory framework that permitted these types of services, this could pave the way for other states to allow “matching services” and ultimately increase the public’s access to justice.
A second matter before the Florida Supreme Court is The Florida Bar vs. TIKD Services, LLC. The TIKD app connects consumers with ticket lawyers. The Florida Bar sued the app maker and its founder for the unauthorized practice of law and fee splitting. TIKD, by its own account, is not a law firm and is not owned by a lawyer so the question is really whether TIKD is providing legal services or if it’s simply a software company connecting users to lawyers who provide the legal services. This matter is even more interesting because the U.S. Department of Justice has weighed in on TIKD’s countersuit against the Bar and The Ticket Clinic noting that the Bar does not have sovereign immunity from its anticompetitive practices for the benefit of its members. There is a great deal at stake for the entire legaltech community that is now hinging on the outcome of this case.
The third legaltech matter of interest before the Florida Supreme Court is the proposed amendment to Rule 2.505 of the Rules of Judicial Administration. The amended rule would require “appearance attorneys” to file notices of appearance for each hearing they attend. To the best of my knowledge, Florida is the only state that is considering such a rule. If the court adopts this rule, it should additionally issue guidance for adequate implementation. Such a rule requires a technology solution and so, in my opinion, the court should require that the state’s efiling portal must offer an open API to allow lawyers to file notices of appearance digitally.
If the Florida Supreme Court considers these three issues together, it will see that before the court is a unique opportunity to address the evolving needs of the legal services market. This includes increasing access to justice for consumers and creating a regulatory environment that welcomes innovative legaltech companies to the state. Every state needs better rules, guidelines and case law to explain what is and what is not the unauthorized practice of law and guidelines to recognize revenues. Rules should also explain the role of matching services and software. And ultimately, they need to set a path that all other states can use to navigate the choppy waters between law and technology.
By implementing rules, regulations and case law that are legaltech-friendly, the State of Florida stands to take the lead on attracting legaltech companies and talent and become an economic hub of legal innovation and technology.
The founder and CEO of VortexLegal, Jonathan Broder is an attorney by background who left the practice of law to follow his entrepreneurial passions. Jon was a lawyer and legal recruiter before launching VortexLegal, an alternative legal services provider. VortexLegal provides an automated matching and billing platform that connects law firms and corporate legal departments with a curated community of appearance counsel to attend routine, administrative hearings for a flat rate resulting in substantial savings for clients. Jon earned his J.D. from the John Marshall Law School in Chicago in 2004, was a member and editor of the Law Review and is licensed in Florida.
Florida Supreme Court Could Make Florida A Legal Tech Hub republished via Above the Law
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What is a Fraudulent Transfer in Bankruptcy?
A fraudulent transfer can basically be defined as transferring property out of your name to delay or defraud a creditor. If you “sell” a home worth $1 million to your Uncle Joe for just $1 dollar because a creditor is breathing down your neck, you’ve likely triggered state and federal fraudulent conveyance statutes. In Utah, the statute is 6 years from the date of transfer according to a Bankruptcy attorney.
What is constructive fraud?
There are two types of fraudulent transfers. Actual fraud involves transferring property with the actual intent to defraud creditors. Constructive fraud involves a transfer that is made for grossly inadequate consideration, such as the “sale” to Uncle Joe in the example above, which supplies a presumption of fraud even absent direct proof.
The structure of constructive fraud in bankruptcy includes two parts:
a lack of “reasonably equivalent value” and
a sign of financial distress
Signs of financial distress are being insolvent or rendered insolvent, unreasonably small capital, and incurring debts beyond the ability to pay as they mature.
In Bankruptcy, the Trustee Can Sue to Unwind the Transfer
Once a property transfer is deemed fraudulent, either because there is proof of fraud or the sale price is too low, the trustee may attempt to recover the property, or the value of the property, and make it part of the bankruptcy estate. This is done through filing a lawsuit.
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In our example with Uncle Joe, if you transferred your house to Joe for $1 and then filed bankruptcy, the trustee would serve Joe with a complaint seeking to recover the value of the home. If the conveyance is then found to be fraudulent, you’ll lose your right to claim an exemption for the property.
The trustee may recover the property from either the immediate recipient (Joe) or from anyone else to whom the property was subsequently transferred (perhaps a cousin). An exception is the bona fide purchaser rule. A bona fide purchaser is one who acted in good faith to purchase the property without notice of the outstanding rights of others to the property. The bona fide purchaser has the right to retain the property.
The Look Back Period for a Fraudulent Transfer
How long can a trustee look back in time to find a fraudulent conveyance?
Under the Bankruptcy Code, the look back period is two years; however, the trustee may use state law if the allowed look back period is longer. Many states, including Florida and Massachusetts, have adopted the Uniform Fraudulent Transfer Act (UFTA), which allows creditors to look back four years to find a fraudulent conveyance. Some states implement an older version of UFTA called the Uniform Fraudulent Conveyances Act (UFCA).
In any case, if your state is a UFTA state, the trustee will then have a four-year period to try to unwind transfers that appear fraudulent. Note that some states will have longer look back periods. In New York, Minnesota, Michigan, and Maine, the look back period is six years. In Kentucky and Iowa, it’s five years.
The Bottom Line: Seek the Help of a Bankruptcy Attorney
Conveyance laws inside and outside of bankruptcy can be complicated. Seek the help of an experienced bankruptcy attorney before transferring property. If you’ve already transferred property that may be construed as constructive fraud, a bankruptcy lawyer can help you avoid negative consequences — namely, your bankruptcy being denied a discharge — by recovering the asset before you file for bankruptcy.
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And remember, fraud — whether it is intentional or not — is not the only way to screw up your bankruptcy discharge. Destroying records, lying under oath, hiding property, and/or not being able to explain why certain property is missing from your bankruptcy estate are other big reasons a bankruptcy can fail. Be smart and be honest with the bankruptcy court. The last thing you want to do is waste your precious time and money filing a bankruptcy case that will be denied — and you certainly don’t want to go to jail for bankruptcy fraud.
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from Michael Anderson http://www.ascentlawfirm.com/what-is-a-fraudulent-transfer-in-bankruptcy/
from Lawyer South Jordan Utah https://lawyersouthjordan.wordpress.com/2018/04/02/what-is-a-fraudulent-transfer-in-bankruptcy/
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