Grue, click on my previous posts and you'll find several full and detailed clarifications to this with state registration links etc etc etc. I won't bother to review them all here because there's no way you could have possibly missed them if you have read these threads. You're just a troll.
oh really? let's analyze your previous posts.
Note, I'm not a lawyer and this should not be taken as legal advice, but here's the answer to your question...
Corporate registry in any state requires a local address of record. Certain states (Delaware and Wyoming are good examples) have worked hard to create attractive corporate taxation policy. They do this mostly by not taxing assets or profit as long as they're out of state. However, since an in state address must be provided for yearly filings and correspondence (minutes of record, board meetings, charter renewal etc) to maintain the legal body active and healthy from year to year, a registered agent specializing in these interactions is commonly retained. This keeps the corporate assets and profits, which are out of state, free from in state taxation. I think a casual review of business norms would reverse any thoughts about this being a murky practice. It's simply how business is done and also why the vast majority of the US fortune 500 are registered in either Wyoming or Delaware.
Regards,
BFL
ok, you state why you have a whyoming[sic] state registration.
Actually I think this is the very first post where you indicated you have a dba filing as Butterfly Labs.
There is no dba filing in the state of Missouri for "Butterfly Labs Inc."
D&T, "related dba filings underway" implies they're not through the process yet. However, it's a valid question that you had asked before and didn't get an answer. Mostly because the discussion hadn't been reasonable enough to warrant comment at the time in the other wild thread.
Having a DBA is legally relevant only when you're writing a check or entering into a legal relationship with a name that's not backed by a legal structure. All our communication, merchant accounts & contracts are marked with BF Labs Inc. So making a point of this is splitting hairs. If you need to be right.. well, you are. Is it relevant... no... not really. In anycase, DBA's have been underway for quite some time and with a little patience, you'll be comforted to see them when you refresh your registry page.
D&T, in general you seem to have been at us with a fire poker. I can understand why. You were making a technical assessment that you believed in and mostly turned out to be right (regarding power draw). However, I don't believe you've been particularly unfair along the way when you've had the facts... and I appreciate that.
Regards,
BFL
you're saying that you're making a dba filing, but nothing to backup your ownership of the said registration.
The legal entity is BF Labs Inc. which is a Wyoming corporation. We operate under the brand entity Butterfly Labs with related dba filings underway for the various permutations of that name. Any formal interaction with the company such as purchases and communication clearly states BF Labs Inc.
Here is the official entry in the Wyoming state corporate registry :
https://wyobiz.wy.gov/Business/FilingDetails.aspx?FilingNum=2011-000606261I should point out that Goat knows all this already as it's been covered several times in the previous thread. I guess my job as forum rep is like following a toddler around with a wash cloth. Ah.. I should stop complaining. It's not so bad.
Regards,
BFL
PS. Here's a previous post answering this same question:
1. Corporate registry - The company is a 'C' corp registered in the state of Wyoming as BF Labs Inc. Why Wyoming when you're not based there? Mostly due to it's favorable tax and legal climate. Operating in the same state of incorporation exposes the company to additional tax liabilities. You might also find it interesting to know that the majority of US domiciled fortune 500 companies are either Delaware or Wyoming corporations for these same reasons. Intel is a good example.
You post a link to the registration,
which also happens to be the same link that a member posted on November the 6th. Which, correct me if i'm wrong, you have not commented on until mid December. In addition,
there is also a post claiming that the registration does not belong to you.
Perhaps my point wasn't stated clearly. Here is it again:
what's preventing me from creating a company called "Butter Fried Labs", and claiming to use the same registration? You see the problem there?
ANY company (with a similar name) could
claim that registration belongs to them; simply saying "oh, we're registered as BFL in Wyoming" isn't enough. You need to provide definitive proof that proves the registration is yours, and you're not merely using another company's registration.
Oh, what about your dba filings? are they still not complete yet?
Your strange activities regarding the registration of your business makes me believe that
a) you are not registered as a company, at all.
b) you're using another company's registration to cover your behind (why else would you take one and a half months to reply to a registration issue?)
This is my last post to you, Grue. If our product affects your view of the world in some painful way, you're just going to have to deal with it.
that's a nice cop out to some legitimate questions about your business.
