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To: Myrddin

I set up a C-Corp at one time — to qualify on a bid as a subcontractor on a contract to IBM for replacing computer systems for a toll bridge commission. Otherwise I never really used it.

If I was a Section 8 minority — a black woman with a Hispanic surname, say — I would have definitely used a corporate structure. Then I would have done very well in the railroad business, at the least.

Also see my post a few minutes ago about Stark’s screed.


1,328 posted on 02/19/2010 4:43:16 AM PST by bvw
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To: bvw
A C corp is a lot of work to set up and maintain. My son has set up a few, but he had 60 employees. It was the right thing to do as a real estate broker/lender with a building full of busy agents.

One of my vendors on the railroad project set up a C corp in his wife's name. He is Indian and makes multiple trips to India each year to work with friends and associates. He was formerly a co-worker at my current company.

1,332 posted on 02/19/2010 9:20:58 AM PST by Myrddin
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