I don't see how this could possibly make sense.

.... the stooges come out of the woodwork. They scream bloody murder of how expensive and difficult it is for poor mom and pop to disclose assets.

We even get some new sign ups posting a story about a little old lady pensioner spending all her retirement money on accountants. Laughable.

Meanwhile, the Mit Romneys of the world laugh all the way to the bank - in their private jets.

The Clintons set up pass through LLCs - they did not keep any money in DE. The income passed through the LLCs to them as personal income (see their tax returns for details) and was taxed in their home state. Any business taxes were also paid in their home states.

We have been dissecting this for weeks now - you are late to the party.

stop reading breathless hype from conspiracy sites. There have been enough lawyers explaining the issue here on DU that one has to be either stupid or deliberately obtuse to continue peddling it as an attack on Hillary.

be coming. I hope they are entangled in the Panama Papers in any way.

It could be for good reason. Because the answer is hidden, or "Take my word on it, Sonny," we can't know for certain.

What it makes clear is how much privilege and advantage the laws provide the wealthy, especially the super-rich.

"Anti-secrecy" advocates don't really know what they are talking about. Corporations are organized by state. You have to pick one.

Delaware has become a corporate haven because it has ease of filing (by email or fax) with judges and courts to handle business disputes - mostly shareholder disputes and up to date laws (LLCs, mergers, etc. ). Most lawyers in the US have an understanding of DE corporate law.

Most companies organized under DE law are the national companies or regional companies - anything other than a mom and pop that plans to focus on one state. But plenty of other states have thousand of corporations and LLCs and you provide basically the same information for each of them, with some exceptions. If you don't provide it initially, you provide it in the annual report.

If a company is not physically located in DE - they are REQUIRED by law to have a registered agent to accept service so the company can be sued - the registered agent is not hiding the corporation, rather it is a way for anyone who wants to sue them to get the corporation into court. CT Corp is one of those companies - there are others. So the certificate of formation (LLC) or articles of incorporation (Inc.) all have to state who the agent for service for the entity is.

And guess what, DE companies are subject to DE and federal law - so they don't avoid paying taxes!!

Nine times out of 10, you simply google the company and find that they are a DE company and are located in another state but you can find information about them.

Let's not forget that thousands of good people in Delaware work for the state and for companies supporting Delaware corporations - it is a good source of revenue for the state and for people who live there.

Call a news conference immediately, you solved it. No issues here. I am sure millions of people around the world will breathe a sigh of relief when they hear your answer. All these so-called 'experts' around the world. What idiots, right?
They should have called you first for an explanation and all of this would have been avoided.

They can just go by regular law.

weren't incorporated.

sounds hardcore libertarian to me. Too bad if they lose their homes and the kid's college fund - they deserved it.

all the people I know that have them are in the trades - carpenter, plumber, landscaping. Several of them are one man "companies".

Are these people the enemy to you?

with all the rights that people get before the law?

being living breathing humans with human bodies. There is no provision whatsoever in the Constitution otherwise.

that is one thing that corporate law manages. What person owns everything that GE has for example?

be able to lease assets in order to conduct business (real estate for example). GE in your example would have to arrange something with private citizens. No ownership whatsoever of real property.

correct? How do you make a company liable if it is not a legal entity? Sounds like you need corporate law.

sounds like you have different laws for corporations then you do for individuals.

Here's a question for you - how do the owners and shareholders pay off liabilities? They use corporate money, correct? What laws regulate how corporations can hold tangible assets like money?

but also they aren't even persons. (in the Biblical and Constitutional sense, I mean)

and require laws unique to them. Because they are not people.

what WE want, not what they want. Keep them coming, I can handle a good corporate troll all day long. And then some.

I noticed you glossed right over that.

should be held liable for their actions. When is the last time we put a corporation in jail? Never. When has a corporation EVER been held fully accountable for wrongdoing, to the extent an actual person (as opposed to this cute legal theory of corporate personhood) would?

and individuals write personal checks to pay debts? There is no such thing as corporate assets such as money?

what a radical concept.

interference from the corporations and their political prostitutes. Citizens United is SO aggregious, it requires a Constitutional Amendment, which I fully support and advocate for. (Might even need to add one about SCOTUS too, but that's a whole different ball of wax).

**DU disclaimer: My view expressed here represent only my own, and are not in any way affiliated or representative of any political party, politician, corporation, or other artificially constructed legal entity. All rights reserved. By reading my views, you are acknowledging having read and consented to learning my views, and further agree to have any disputes resolved through my mediation partners. For full terms, please write to my office. Terms have no cash value. Void where prohibited. Views expire when I change them. Don't take any wooden nickels.

I am not a fan of the source but it does not change the address of the shell company or what it does. Those are fixed facts.
You have to be smart enough, no matter the source, to see what is likely fact and what is likely partisan commentary. Never relying on a single source is best practice.

That address is the registered agent for many corporations and LLCs who have incorporated in Delaware. Delaware has very attractive incorporation laws and incorporating in that state can save money. When I had an LLC, I filed in Delaware, and with that company as my registered agent, even though I lived in California.

It wasn't a shell corporation. It was simply a sole proprietorship that needed to be an LLC so it could act as a vendor for one company that required that before I could write for them. No big deal and nothing under-the-table at all. It was just a formality, and was far easier and cheaper than doing it in California.

This accusation is just silly.

Before the Swiss bank could name more than 6,500, Hillary Clinton as Secretary of State intervened.

http://www.theatlantic.com/politics/archive/2015/07/hillary-helps-a-bankand-then-it-pays-bill-15-million-in-speaking-fees/400067/

That possibly was legal. Definitely immoral. And likely unconstitutional, but hey! The people who benefit in secret make the laws in secret. Certainly won't hear them discussed on tee vee, and thus never even considered in the minds of many. What I find disgusting are the people who know about this and do nothing.

"shell" companies for their various projects.

Money hidden offshore does not get "put to work."

http://m.csmonitor.com/World/Americas/2016/0405/What-do-the-Panama-Papers-have-to-do-with-inequality-A-whole-lot

I bet you know a bunch of people who sell art work, landscape, handle plumbing, etc., that have a company that is basically where they cash their checks for services, pay themselves and employees, and protect themselves from liability. They pay taxes due too. That's a "shell" company. Someone who earns money here and takes it out of the country without paying taxes is a felon and should be pursued. There is no proof Clinton -- or most of the people with "shell" companies -- do that.

Color me shocked.... Not.

from foreign leaders. They gotta hide all that cash some how so set up shell companies. I think they call it creative accounting.

bother her.

"Super-Rich" must mean something different when one is only worth a quarter-billion dollars.

It does get old though. Cheers to you Octafish for posting.

Happy New York primary day!

but they both LOOOOOOVE the Washington Free Beacon!

Sid

Tyler Durden
Zero Hedge on 04/18/2016

There has been much confusion, at time quite angry, how in the aftermath of the Soros-funded Panama Papers revelations few, if any, prominent U.S. name emerged as a result of the biggest offshore tax leak in history. Now, thanks to McClatchy more U.S. names are finally being revealed and it will probably come as little surprise that many of the newly revealed names have connection to both Bill and Hillary Clinton.

SNIP...

Among them are Gabrielle Fialkoff, finance director for Hillary Clinton’s first campaign for the U.S. Senate; Frank Giustra, a Canadian mining magnate who has traveled the globe with Bill Clinton; the Chagoury family, which pledged $1 billion in projects to the Clinton Global Initiative; and Chinese billionaire Ng Lap Seng, who was at the center of a Democratic fund-raising scandal when Bill Clinton was president. Also using the Panamanian law firm was the company founded by the late billionaire investor Marc Rich, an international fugitive when Bill Clinton pardoned him in the final hours of his presidency.

SNIP...

Also among the Clinton connections is Fialkoff, now a senior adviser to New York Mayor Bill de Blasio and director of the city’s Office of Strategic Partnerships. She, her brother, Brett, and her late father, Frank, are listed as shareholders of UPAC Holdings Ltd, a British Virgin Islands offshore company incorporated in June 2012.

SNIP...

Brett Fialkoff, who serves as chief operating officer at his family’s business, Haskell Jewels, a New York-based designer, marketer and distributor of costume jewelry, initially told McClatchy he didn’t know why his family would be in the documents. Later, he said that someone must have opened an account in their names.

Still, later, he said he set up an offshore company to export accessories from China to the United States. The documents indicate the company’s files are registered in Beijing.

CONTINUED...

http://www.zerohedge.com/news/2016-04-18/multiple-clinton-connections-emerge-ongoing-panama-papers-fallout

Is it legal to hide money you make in Canada offshore, SidDithers?

You've got a long history of promoting asshats like Paul Craig Roberts, Christopher Bollyn, and Wayne Madsen. I guess it was just a matter of time before you got around to the Free Beacon.



Sid

Well, I guess it's better than antisemites and Robert Parry.

After his exit from the US Senate, Phil Gramm immediately found a job at Swiss bank UBS as its Vice Chairman. Gramm today works in the Wealth Management department, where he brought on, among others, former President Bill Clinton.

Lovers of the confederate flag and Rand Paul.