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First, girls like us love to carry purses, and second, we girls need to carrypurses. After all, guys don't carry around lipstick, mascara, face powder,perfume, tampons, and the like, do they? I mean, like, when Mike went off towork in the morning, he probably didn't take spare tampons with him, but whenAmanda and Michelle go out, we better carry some with us, just in case! Andlipstick: I bet Mike seldom had to touch up his lipstick after lunch, did he?But I promise you Michelle will! And really, Michelle, would you want to carry ablue purse while wearing a pretty pink outfit? Of course you wouldn't, girl! Letme suggest, Michelle, that you look in a mirror every so often, just to remindyou of who you are. Then maybe you won't ask such foolish questions." Yes, Miss Amanda, you're right," I replied, intimidated by her lecture. Part 12And so the afternoon continued. After selecting my purses and belts, we wentback and selected another half dozen outfits. After that I was handed back. “We make them come to us. But first, we need to get you set up as an corporation. That way, you are protected, and the corporation pays the taxes on the entire revenue stream, and you only pay taxes on what you draw out. Corporate tax rates are much lower than individual rates. “I have a couple of shelf Inc.s we could use one from a state without corporate taxes and reduce the tax burden even further. You do need to find three people to be share holders and board members, but they only need to hold one share. Any questions?”“Yes, I have a couple, one is, can I license my existing patents to the LLC?”“I will look into it, but I am positive that you as an individual can sell or license your patents to you as a corporation. Anything else?”“Can I use family members as board members?”“Of course.“Can you create a trust for me and have the trust control most, 75% or more, of the shares, with me having the proxies?”“That’s smart, and yes I can.”“Last one, would you be the corporate counsel as.
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