[asterisk-users] World Cheapest Predictive Dialer!

[Jay R. Ashworth]

On Tue, Jun 17, 2008 at 12:00:18PM -0400, C F wrote:
> On 6/16/08, Jay R. Ashworth <jra at baylink.com> wrote:
> > On Sat, Jun 14, 2008 at 11:13:31PM -0400, C F wrote:
> > > > Happens in the commercial world all the time; it's a common way to "get
> > > > cash out of the corporation" -- a business's building is owned by the
> > > > corporation's owners, and rented to the corporation.
> > >
> > > This is actually illegal in some states and considered a breach of
> > > Fiduciary everywhere.
> >
> > May be, but I know at least 3 owners of private corporations who are
> > doing it, and their auditors seem fine with it.  I think that it
> > matters whether the corporation is public or not...

> LLCs?

No, my assertion was that I believe that 'Steve's assertion that it is
illegal and a breach of duty for a corporation's officers to own its
real estate and lease it back to the company' may be dependent on
whether the company is publicly owned or not.

I suspect that there is no breach in the case of a private company,
because different fiduciary duties pertain.

I'll ask my client who's the ex-president of one of the companies I was
talking about.

Cheers,
-- jra
-- 
Jay R. Ashworth                   Baylink                      jra at baylink.com
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