Inside if you are a US Business Entity Using Paxum

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  • JuicyBunny
    So Fucking Banned
    • Jun 2010
    • 2145
    #1

    Business Inside if you are a US Business Entity Using Paxum

    Can anyone tell us what "public authority" they are speaking about to confirm shareholders in an LLC?

    I can see Paxum nose-diving in 3-2-....
    Tags: None
    • JuicyBunny
      So Fucking Banned
      • Jun 2010
      • 2145
      #2
      Consider another payout method. IF you are a US based entity.

      Paxum apparently has no clue as to the difference between a public corporation or an LLC.

        Comment

        • Barry-xlovecam
          It's 42
          • Jun 2010
          • 18083
          #3
          You have to file an annual report for your corporation, LLC, PC with the state it is domicile in. The annual report lists the officer's names and addresses of record (this can be the corporation's address (offices)). Shareholders that are not officers are not listed -- with the exception of SEC reports of publicly traded stock companies. This is public record (searchable and retrievable). The state is "public authority".

          Sounds like FinCen wants to know. Verification of corporate identity.

            Comment

            • JuicyBunny
              So Fucking Banned
              • Jun 2010
              • 2145
              #4
              Originally posted by Barry-xlovecam
              You have to file an annual report for your corporation, LLC, PC with the state it is domicile in. The annual report lists the officer's names and addresses of record (this can be the corporation's address (offices)). Shareholders that are not officers are not listed -- with the exception of SEC reports of publicly traded stock companies. This is public record (searchable and retrievable). The state is "public authority".

              Sounds like FinCen wants to know. Verification of corporate identity.
              Thanks for your info. For our state we have never been required to file a report. But I will confirm.

              I am going by...
              https://www.sec.gov/fast-answers/ans...ehlisthtm.html

              But I think you are correct. Paxum is calling it KIY however. lol. We are closing our Paxum account.

                Comment

                • JuicyBunny
                  So Fucking Banned
                  • Jun 2010
                  • 2145
                  #5
                  LP/LLC/GP Tax

                  Although Limited Partnerships, Limited Liability Companies and General Partnerships formed in the State of Delaware do not file an Annual Report, they are required to pay an annual tax of $250.00 ($300.00 to be made effective July 1, 2014, beginning tax year 2014). Taxes for these entities are due on or before June 1st of each year. Penalty for non-payment or late payment is $200.00. Interest accrues on the tax and penalty at the rate of 1.5% per month.

                  https://corp.delaware.gov/frtax.shtml

                  Compliant for 10+ years.

                    Comment

                    • Barry-xlovecam
                      It's 42
                      • Jun 2010
                      • 18083
                      #6
                      Then the "public authority" is the state of Delaware and the last record of standing the verification.

                      You sure?
                      https://corp.delaware.gov/paytaxes.shtml
                      read this page

                      LLC, LP and GP companies are exempt -- corporations need to file reports.

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