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Originally Posted by Randomonium
I have no idea how legal that is, but thank you - it's the type of thinking that I was hoping for out of this thread.
Maybe that is a potential business model? Although wouldn't the Custodian be on the chopping block if your records weren't in order? If so, they would probably need to be well compensated and/or intimately involved in your operation.
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This is where an attorney and some sound decisions on the part of the business owner come into play to consider how hard you may want to attempt to comply while still maintaining some privacy...
In our case, the business was set up like this...
* LLC is formed in Nevada legally, as an adult corporation.
* As part of the formation of the LLC, Members and Managers were chosen.
* The General Manager handles any and all business dealings with the state and federal government.
* General Manager is also named the Custodian of Records for our company.
* Manager recieved regular updates to the 2257 records as required, and promptly filed those records wherever appropriate.
* Annual cost for all business services comninded was aroun $1,900.00
So, if the Manager of the LLC is indeed an active employee, available 20 hours per week, has direct involvement with the company, and properly maintains the 2257 records, I don't see why this could not be a more widely used option.
Again, IANAL, but our's never objected to it as far as I know.
Now then, what I cannot for the life of me understand, is those companies coming out with absolutely non-compliant means of providing docs to affiliates such as setting up hotlines and providing online records storage options when those things are just asking for trouble by all parties involved.
It's of course my
, but I think I have my solution worked out pretty well for us, so I am good with that for now.
