Turnkey Capital Inc. (TKCI)

[Sobek]

Interesting, updated TKCI website says Seminole Indian Company is now a subsidiary of the company:

http://turnkeycapitalinc.com/about-us/subsidiaries/

PORTFOLIO COMPANIES: Wholly Owned Subsidiaries of TKCI

Seminole Indian Company: Generating revenue through a strategic alliance with Chief James E. Billie, Former Chairman of the Seminole Tribe, designed to take advantage of every opportunity permitted by tribal sovereignty to create revenue streams in multiple areas in conjunction with operating partners that have existing marketing and customers in place, thereby limiting the capital requirements and risk.

Benefits to investing in tribal commercial ventures and/or locating businesses or facilities on Tribal Lands

New Markets Tax Credit: Investors receive FIT credit for making qualified equity investments in designated Community Development Entities (CDE’s), which in turn provide investments in low-income communities. Qualified investments in tribal ventures made through CDE’s allow investors tax credits equal to 39% of the associated investment, allocated over a seven-year period.

Employment Tax Credits: Pays to non-Indian businesses, for each tax year, a $20,000 tax credit for every “qualified employee” (Indian) who is paid “qualified wages”. The employees must perform substantially all of their services on the reservation, and reside on or near the reservation. Therefore, a non-tribal company that situates a business facility on the reservation could be eligible for sizable employment tax savings on an annual basis.

Accelerated depreciation: The Revenue Reconciliation Act of 1993 (Part III) outlines several tax benefits for businesses locating on Indian land, including accelerated depreciation schedules for facilities.

Tax-exempt financing: Tribes can issue tax-exempt debt, like state and local governments.

Discounted leasing rates: Tribal trust lands and improvements on such lands are exempt from state taxation. Therefore, lease costs can be significantly minimized (potential eliminated) to the benefit of non-Indian lessees.

Federal contracting preferences (HUBZones): All Indian reservations qualify as HUBZones. This allows for small businesses located on reservations to qualify for government contracts. The HUBZone Act of 1997 requires federal agencies to set aside a minimum of 3% of contracts for businesses in HUBZones. This represents an estimated value of $6 billion annually, nationwide.

Customs duty deferral, elimination or reduction (Foreign Trade Zone) on products imported or exported through Indian reservations.

State/County land use exemption: If a non-Indian company builds a facility on Indian trust lands, the development would be exempt from local, county and state zoning and land use restrictions.

COMPANY: Remote Office Management (“ROM”): Generating revenue through a joint venture whereby we cross market professional services under ROM for one stop computer/IT and accounting services.


COMPANY: Turnkey Home Buyers: Wholesale Real Estate: Generates revenue from real estate transactions by building out our real estate brokerage and property management teams. Once these pieces are in place, Turnkey will rebuild our own portfolio of owned properties that we may flip to shareholders or VIP Buyers.