By Jodi Nicholson Offshore 10 Commandments If you are thinking about incorporating a company offshore the following should be carefully considered to ensure that your offshore company strategy is kept private and legal. The following activities relating to the management and administration of a fund or offshore incorporated company must take place at the Foreign Principal Office of the fund/company, or at another office outside of the United States: 1. All communication with shareholders, including provision of monthly statements of accounts, investment reports, annual financial statements and all other reports, financial or otherwise.
2. Communicating with the general public.
3. Soliciting sales of shares of or subscriptions into the Fund.
4. Accepting and processing subscriptions from shareholders.
5. Maintaining both the corporate records and books of account of the Fund.
6. Auditing the Fund's books of account.
7. Distributing payment of dividends, fees and expenses, including legal, accounting management and investment advisory fees, as well as payment of salaries and other expenses of the Fund.
8. Publishing the Fund's share prices, whether at the net asset value per share, or the bid (redemption) and offer (subscription) prices.
9. Holding board (directors) and shareholders' (members) meetings.
10. Accepting redemption notices from shareholders and affecting the redemption of the Fund's shares or shares in the IBC for such shareholders. It is important to note that while there are may companies that tout that they are able to provide incorporation services many fail to inform you that these companies need to be legitimize as to avoid problems which may arise from a creditor attacking the credibility of your company.
This can be done without too much hassle with an Offshore Management Company in the form of an Offshore Office. This is the one thing that legitimizes your offshore or onshore company in the eyes of your home state. Presenting a professional image is extremely important when building the integrity of your new incorporation. Basically, this is the proof that you are truly a business. It is your insurance policy. With an offshore office it is impossible for your business to be considered spurious or non-genuine so please give an offshore office careful thought: Keep in mind that if you were to try and set up a similar package by yourself it would cost over well over $2,000.00 US per month to maintain not to mention the cost of the time spent to set these items up and monitor them. We will provide these services to your new company at just a small fraction of that cost. A company conducting business without a phone and fax-line is unfathomable! How would your customers contact you? And yes it would be a bad idea to use a US phone line to conduct business on behalf of a foreign company.
To build the image of your newly formed offshore company we will provide you with an offshore office package which includes essential elements such as offshore mail forwarding, offshore private fax and telephone number, offshore email accounts and offshore website hosting and data storage on a secure server. Please visit our site at www.bahamasbusinesscentre.com. Article Source: http://EzineArticles.com/?expert=Jodi_Nicholson http://EzineArticles.com/?Things-You-Should-Know-About-Going-Offshore&id=185261 very cheap phentermine
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