Mike The Pike Productions Inc (MIKP)

[lbdave]

Play the pump but don't get caught without a chair when the music stops. All this BS about reducing the A/S is just that, BS. It's important to remember that exactly 2 months ago Mark raised the A/S from 2.5 billion to 5 billion on the Wyoming SOS filings, but the odd thing is corporations in Wyoming can have unlimited A/S anyway lol. Although i'm sure Mark will make a filing to decrease the A/S (not filed yet) but a week from now if he needs additional shares for funding he can increase them just as easily at no cost to him, and it will take a while before shareholders even realize it happened.

Some interesting reading material about Wyoming Corporations.

We believe that Wyoming is the best state in America in which to do business and we think we can make you a believer also. In a moment, we will examine the many benefits that Wyoming has but let’s first take a look at what it doesn’t have:



Wyoming doesn’t have:

Personal income tax
Corporate income tax
Inventory tax
Gross receipts tax
Franchise tax
Burdensome regulations
Disclosure of shareholders
Business or "per-capita" tax
Excise tax
Sales, property and inheritance taxes are among the lowest in America

…AND CONSIDER THESE ADVANTAGES

Unlimited ability to issue stock—Most states set a limit on the number of shares that you are authorized to issue; Not so in Wyoming! You may issue as many shares as you wish (without any additional costs or fees) by simply making the proper entries in your Articles of Incorporation. (We will take care of all that for you.) Unlimited shares may be of paramount importance to you in particular, if you ever contemplate taking your company public.

You can be everything in Wyoming—

Some states require that you have more than one person to serve as the various officers and directors of your corporation. Again, not so in Wyoming! One person can fill all of the required corporate positions giving you the ultimate in flexibility and control.

Enjoy anonymity and privacy in Wyoming—

The more information about you that appears in the public record the easier it is for you to become a target. Wyoming has no requirement for the names of shareholders to be filed with the state. It asks only for a simple "Annual Report" which requires disclosure of only those assets located within the state of Wyoming and the name of one person, usually the one who submits the report.

Restrictions and corporate formalities are at an absolute minimum in Wyoming—

If you would like less "red tape", bureaucracy and restrictions in your business life Wyoming is the place for you!
Low annual fees—The annual fees in Wyoming are based solely on the value of corporate assets located within the state. The minimum is $50 and a million dollars worth of assets within the state of Wyoming would cost you only $200. That’s right, $200 in fees for every million dollars worth of assets that you keep within the state of Wyoming. There are no fees for assets outside of the state. So almost all businesses that we incorporate here only owe a fee to the state of $50.00 per year.
As an officer or director you cannot be held responsible for the debts of the corporation—Wyoming law is quite strong in this respect and holds generally that as long as you did not intentionally break the law you are protected from claims against the corporation.

No minimum capitalization is required in Wyoming—

You can fund your corporation with one dollar, with a million dollars or the amount of your choice. And, while there are sound business reasons of avoiding "under capitalization", the choice is yours and you enjoy the ultimate in flexibility.

Your directors and/or shareholders meetings may be held anywhere in the world—

You are not required to hold meetings in Wyoming; indeed you need never set foot within the state. Wyoming is rich in history and breathtaking scenery but if your tastes run more to the Bahamas, Hawaii or, for that matter, the French Riviera the choice is yours.

Stock in your Wyoming corporation may be issued in exchange for "anything of value"—

You may use cash of course but also property, services or any valuable consideration at the total discretion of the board of directors which you’ll remember can be one person (you?).

Maximum anonymity can be yours—

Make no mistake; we’re not suggesting that you need to be "secretive" and certainly not that you do anything improper. Nevertheless, in today’s overly litigious society it is a fact of business and personal life that the only thing necessary to involve you in a lawsuit is the perception by someone else that you have assets…you’ve heard it called the "deep pocket theory." Many business people have found it advantageous to maintain financial privacy simply to avoid looking like a good litigation "target." In Wyoming you may use "nominee officers/directors" meaning that anyone you designate can appear on the public record in your stead offering you valuable financial privacy. Furthermore, you may also be interested in using nominee or "third party" shareholders who can be the owners of record of the stock which you control. Ask us how to explain the endless possibilities for privacy using the foregoing two strategies.
Lifetime proxy—John D. Rockefeller was the first individual to acquire a personal net worth of one billion dollars. When asked late in life how he accomplished such a feat he is reported to have shared with a young interviewer that his simple secret was to "own nothing and control everything." That is indeed wonderful advice for a host of reasons (consider, no one can take from you that which you do not own) but it is sometimes more easily said than done. By allowing another person or entity to own shares you can use proxies to maintain complete control. The problem is that most state laws require proxies to expire and be subsequently renewed every six or seven years. If the "legal owner" declined to renew your proxy you could be literally be left with nothing and no recourse. That is hardly a scenario that makes us feel secure nor is it one that we would recommend to you. However realize that Wyoming allows for lifetime proxies thereby protecting you from any such problem arising.

If you already have a corporation —

Once again Wyoming offers unparalleled flexibility. By filing a few simple forms (we will handle it for you start to finish) your existing corporation can become a bona fide Wyoming Corporation. Wait; it gets even better! Your existing corporation can retain its original incorporation date after becoming a Wyoming corporation. Anyone examining the Wyoming public record will see a corporation dating back as far as your current corporation does. You can promptly become a Wyoming Corporation without losing the many benefits of the longevity and continuity of operation.



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