Of all the dumb bullshit
If you want to open 30 Llc’s in Delaware for your many shady business ventures, locate them all at 1209 North Orange Street, and pay the state peanuts for the privildge of laundering billions through them – no problem!
But, we do have some standards.
DOVER, Del. — A popular Colorado-based restaurant company is suing Delaware officials in federal court over their refusal to allow it to convert to a Delaware limited liability company.
According to the lawsuit filed Monday, Delaware officials have refused to accept business formation certificates from Illegal Pete’s because the company’s name has “a negative connotation” and “might cause harm to the interests of the public or the state.”
I once set up an LLC called ShellCo, I couldn’t believe no one already had it.
This is classic. Everyone with even a little power in Delaware knows that we fund the state on multi-billion dollar scams like this. They just don’t want anybody calling undue attention to it.
I’m trying to draw attention to it! I do my best to slip an LLC scam rant into the podcast every week.
Related:
Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018