travel....that was pretty good....
but, here's another, possibly more plausible, idea....think about it this way.....
if I acquire a LOSER company and assume the debt....and, as part of the acquisition agreement, cut myself in on the action (for taking on the debt)(and, you won't find that part of the agreement in any public filings or records).....
that means: I can have the assets of the loser acquisition funnel thru my LLC (Seaway Valley).....I can still have my "C" corp (Seaway Valley) run the show (because Seaway has a controlling stake in Seaway)......and....
the best part......
I can funnel the losses of my LOSER acquisitions thru the LLC to offset my gains from the money I make as part of the CD conversion scheme.....and, that reduces my tax liability...
it's actually quite simple....very legal....
why do you think there are TWO Seaways and one is an LLC???
Tom is the man with the plan!!!!
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