The agreement was to "donate to charity,"
And that was done. Thanks.
Topic: BFL creates new charity project to donate 1000 BTC to [ROFL!] - page 2. (Read 8555 times)
The agreement was to "donate to charity,"
And that was done. Thanks.
My quick guess would be that one would have to pay additional filing fees for registrations that were allowed to lapse. Of course, if wrenchmonkey was serious about his "fuck the law" stance, BFL should just fail to register and not pay any taxes either.
BFL creating their own charity, donating to themselves, then paying their contractors with it. Quite the song and dance routine.
Who can really say they were surprised by this? Or surprised that some people would try to defend this behavior? Yet another broken promise from BFL, and they'll get away with this one too since nobody bothers to hold them to their promises. That's for the state of Missouri. They're in KS, with their primary corporation being incorporated in Wyoming. Missouri appears to be completely irrelevant to their current business structure. Most likely, they started the registration process in Mo., then decided to bin it, and just let the thing resolve itself. Assuming, of course, it's actually even the same BF Labs. Their website doesn't seem to be working to be able to view the filings...
But at any rate, don't let a rational explanation get in the way of your FUD fest...
But at any rate, don't let a rational explanation get in the way of your FUD fest...
There is no penalty associated with "admin dissolution"?
That's for the state of Missouri. They're in KS, with their primary corporation being incorporated in Wyoming. Missouri appears to be completely irrelevant to their current business structure. Most likely, they started the registration process in Mo., then decided to bin it, and just let the thing resolve itself. Assuming, of course, it's actually even the same BF Labs. Their website doesn't seem to be working to be able to view the filings...
But at any rate, don't let a rational explanation get in the way of your FUD fest...
But at any rate, don't let a rational explanation get in the way of your FUD fest...
As a renown BFL shill...I must cover the tracks in the sand and say...they probably forgot to file?
If there are no legal issues with the state they registered, then there is really nothing to worry about.
PG you SOB...why are you always looking in places you shouldn't be!? Darn you and your Googling!
(MASTER BFL Shill)
If there are no legal issues with the state they registered, then there is really nothing to worry about.
PG you SOB...why are you always looking in places you shouldn't be!? Darn you and your Googling!
(MASTER BFL Shill)
Is Butterfly Labs registered as a business entity? And in what state? Didn't come up in a Kansas search.
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=149144214231010201167112190255028042109060235081
https://www.kansas.gov/bess/flow/main?execution=e1s5
https://www.kssos.org/filed_doc_viewer/view_entity.aspx?id=09262012465169112&submit=View+History+and+Documents
https://www.sos.mo.gov/BusinessEntity/soskb/Corp.asp?3402461
What the fuck does this mean?
Quote
5/22/2013 Admin Dissolution
Administrative dissolution of a corporation by the Secretary of State may occur for the following reasons:
Failure to file an annual report
Failure to pay franchise taxes
Failure to maintain a registered agent
Fraud upon the state.
However, as with a voluntary dissolution, administrative dissolution does not mean the corporation has ceased its existence. Administrative dissolution does not terminate the authority of the corporation's registered agent.
Before an administrative dissolution occurs, the Secretary of State must provide written notice by mail that the corporation is to be dissolved. The corporation then has xxx days in which to correct or explain the situation. If it does not, the corporation may be administratively dissolved.
If your entity has been administratively dissolved or your entity's certificate has been cancelled or rescinded, you may request a reinstatement packet.
A corporation or limited liability company may be Administratively Dissolved if the entity in question falls into delinquent status for failure to file its required annual report and fails to correct that status within a certain time,after appropriate notification attempts by the Department. Administrative Dissolution is the termination of existence of the entity by this department.
Source: http://www.infotaxsquare.com/view_article.php?id=218
How many states did they register in? Also, I'm late, but, wtf @ OP.
Nevermind! I found it!
I thought it was something important.
Carry on!
Quote
Involuntary cessation of the existence of a corporation by a government authority. It is prompted usually by the corporation's failure to comply with certain statutory requirements such as to file an annual return or pay its taxes.
I thought it was something important.
Carry on!
Is Butterfly Labs registered as a business entity? And in what state? Didn't come up in a Kansas search.
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=149144214231010201167112190255028042109060235081
https://www.kansas.gov/bess/flow/main?execution=e1s5
https://www.kssos.org/filed_doc_viewer/view_entity.aspx?id=09262012465169112&submit=View+History+and+Documents
https://www.sos.mo.gov/BusinessEntity/soskb/Corp.asp?3402461
What the fuck does this mean?
Quote
5/22/2013 Admin Dissolution
Is Butterfly Labs registered as a business entity? And in what state? Didn't come up in a Kansas search.
https://bitcointalksearch.org/topic/m.619440
"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."
Is Butterfly Labs registered as a business entity? And in what state? Didn't come up in a Kansas search.
https://bitcointalksearch.org/topic/m.619440
"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."
Is Butterfly Labs registered as a business entity? And in what state? Didn't come up in a Kansas search.
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=149144214231010201167112190255028042109060235081
Is Butterfly Labs registered as a business entity? And in what state? Didn't come up in a Kansas search.
No, BFL created their own charity
Actually, no. The "Bitcoin Development Fund" is not a charity.
No, it's not a tax-shelter. Tax shelter =/= charity.
Dear IRS
I have a friend who's still on probation and he wants to know if it's okay for his company to create a "Development Fund" to launder a crypto-currency.
I have a friend who's still on probation and he wants to know if it's okay for his company to create a "Development Fund" to launder a crypto-currency.
DHS is in charge of money laundering now. At least, that is what they said when they went after LibertyReserve and Mt. Gox/Dwolla.
Clearly, the DHS will always make good choices when it comes to prosecuting Bitcoin related companies.
Dear IRS
I have a friend who's still on probation and he wants to know if it's okay for his company to create a "Development Fund" to launder a crypto-currency.
I have a friend who's still on probation and he wants to know if it's okay for his company to create a "Development Fund" to launder a crypto-currency.
No, BFL created their own charity
Actually, no. The "Bitcoin Development Fund" is not a charity.
Your facts have no power over the Dancing Queen!
Even if you go to http://www.guidestar.org/SearchResults.aspx and search for Bitcoin Development Fund and find nothing, it will not phase him in the slightest.
No, BFL created their own charity
Actually, no. The "Bitcoin Development Fund" is not a charity.
Just an FYI I did indeed get 10BTC donated to me about an hour ago.
That's nice, but are you a "charity"?
He's donated a shit-ton of work, time, and intellectual property to the bitcoin community, if that's what you're asking...
He doesn't have a piece of paper from the dot-gov declaring him a registered religion, if that's what you're asking...
BFL is the one claiming to be donating to charity. If they were going to donate the 1000 btc to the community, or to random people, or something else, then they should have said so. But they promised to donate the 1000 btc to "charity". I don't care if Kano is Satoshi himself. He is *not* a charity. All "donations" to non-charities need to be removed from their fake charity page.
http://www.youtube.com/watch?v=TGfNSitVQFM
BFL creating their own charity, donating to themselves, then paying their contractors with it. Quite the song and dance routine.
And you'll get to sharing those contracts when, exactly? You seem to have personal knowledge of these alleged contracts. Please share them with the rest of us.
Just an FYI I did indeed get 10BTC donated to me about an hour ago.
That's nice, but are you a "charity"?
He's donated a shit-ton of work, time, and intellectual property to the bitcoin community, if that's what you're asking...
He doesn't have a piece of paper from the dot-gov declaring him a registered religion, if that's what you're asking...
BFL is the one claiming to be donating to charity. If they were going to donate the 1000 btc to the community, or to random people, or something else, then they should have said so. But they promised to donate the 1000 btc to "charity". I don't care if Kano is Satoshi himself. He is *not* a charity. All "donations" to non-charities need to be removed from their fake charity page.
http://www.youtube.com/watch?v=TGfNSitVQFM
BFL creating their own charity, donating to themselves, then paying their contractors with it. Quite the song and dance routine.
Jump to: