As the United States has become both a tax and privacy haven, wealthy families from around the world are seeking U.S. trust solutions. This webinar examined various worldwide factors for this historic movement of money into the United States, including FACTA, CRS, secrecy vs. privacy, and asset protection. This presentation also considered and objectively compared U.S. trust jurisdictions, accentuating the vital importance of selecting the correct U.S. trust situs for international families. The presentation concluded with a discussion of various privacy, tax, and asset protection planning tools available to international families in the United States.
This presentation considered newly enacted progressive trust laws within the overall context of the vital importance of selecting proper trust jurisdiction in the wealth planning process. Concepts such as the community property trust, dynasty trust, directed trust, trust protector, family advisor, privacy, and trust taxation were discussed in detail, with special focus on how these compelling modern trust planning tools have combined to render the United States both a worldwide tax and privacy haven for families across the nation.
Taxation of Trusts and the Vital Importance of Selecting the Proper Trust SitusMcKonly & Asbury, LLP
This webinar was hosted by David Warren, President and CEO of Bridgeford Trust Company, and examined the progressive trust jurisdictions that allow trusts to “live in perpetuity” and that do not tax trusts at the state level. These progressive trusts present compelling tax planning opportunities for clients, underscoring the vital importance of considering alternative trust jurisdictions in the wealth planning process.
This webinar will focus on taxation of trusts among the states and discuss a developing trend in the case law that supports the fact that “resident trusts”, trusts established in a jurisdiction that does not tax retained income in trust, can no longer be taxed by the home state (the state where settlor or beneficiaries reside) and, to do so, violates the Commerce Clause of the United States Constitution. In light of this trend, and recent Private Letter Rulings issued by the IRS, specific planning strategies will be discussed and analyzed.
What Is a Qualified Domestic Trust in ConnecticutBarry D Horowitz
There are many different estate planning tools that can be utilized to address various different respective sets of circumstances. One of these focused legal devices is the qualified domestic trust. Learn more about qualified domestic trust in Connecticut in this presentation.
Will My Heirs Be Forced To Pay an Inheritance Tax in ConnecticutBarry D Horowitz
There are some misconceptions that arise with regard to taxation as it applies to estate planning. Many people think that an inheritance tax and an estate tax are identical forms of taxation, but in reality, this is not the case. Learn more about inheritance tax in Connecticut in this presentation.
This presentation considered newly enacted progressive trust laws within the overall context of the vital importance of selecting proper trust jurisdiction in the wealth planning process. Concepts such as the community property trust, dynasty trust, directed trust, trust protector, family advisor, privacy, and trust taxation were discussed in detail, with special focus on how these compelling modern trust planning tools have combined to render the United States both a worldwide tax and privacy haven for families across the nation.
Taxation of Trusts and the Vital Importance of Selecting the Proper Trust SitusMcKonly & Asbury, LLP
This webinar was hosted by David Warren, President and CEO of Bridgeford Trust Company, and examined the progressive trust jurisdictions that allow trusts to “live in perpetuity” and that do not tax trusts at the state level. These progressive trusts present compelling tax planning opportunities for clients, underscoring the vital importance of considering alternative trust jurisdictions in the wealth planning process.
This webinar will focus on taxation of trusts among the states and discuss a developing trend in the case law that supports the fact that “resident trusts”, trusts established in a jurisdiction that does not tax retained income in trust, can no longer be taxed by the home state (the state where settlor or beneficiaries reside) and, to do so, violates the Commerce Clause of the United States Constitution. In light of this trend, and recent Private Letter Rulings issued by the IRS, specific planning strategies will be discussed and analyzed.
What Is a Qualified Domestic Trust in ConnecticutBarry D Horowitz
There are many different estate planning tools that can be utilized to address various different respective sets of circumstances. One of these focused legal devices is the qualified domestic trust. Learn more about qualified domestic trust in Connecticut in this presentation.
Will My Heirs Be Forced To Pay an Inheritance Tax in ConnecticutBarry D Horowitz
There are some misconceptions that arise with regard to taxation as it applies to estate planning. Many people think that an inheritance tax and an estate tax are identical forms of taxation, but in reality, this is not the case. Learn more about inheritance tax in Connecticut in this presentation.
The Myths & Realities Of Estate Planning 2009cpwalmsley
In this presentation I debunk some common misconceptions with estate planning. This knowledge and more is available to my clients. Audio will soon be added.
Arizona Divorce, Modification, and EnforcementBillie Tarascio
Your divorce agreement may need to be changed after a new job, new town, medical issue, or growing children. This presentation from Modern Law and AccessLegalDocs.com walks you through what you need to know if your divorce is in Arizona. It's also geared to help the person working on a do-it-yourself divorce without an attorney.
Divorce 101: What You Need To Know Before Filing For Divorce in ArizonaBillie Tarascio
With 8 in 10 people in Arizona filing for divorce without an attorney, it's vital that you know what attorneys know about what to do before you start the process. This presentation walks you through the things you'll need to know
McKonly & Asbury’s October webinar is brought to you by Bridgeford Trust Company! Modern trust laws, including directed trust, trust protector, and the newly created family advisor, have revolutionized the trust industry in the United States. During this webinar, David Warren, Chairman of the Board/Co-Founder of Bridgeford Trust Company and President/CEO of Bridgeford Advisors, will highlight how these modern progressive trust laws, found only in a handful of states including South Dakota, have drastically changed how trusts are created and administered, delivering far more control and direction to settlors of trusts, beneficiaries, and their advisors than ever before.
The webinar will examine modern trust laws in the context of their impact on traditional notions of trust planning using irrevocable trusts. We will specifically discuss control mechanisms now available to planners, settlors of the trusts, and beneficiaries such as the directed trust, trust protectors, the family advisor and decanting and their dramatic impact on trust planning and the trust industry overall.
The Myths & Realities Of Estate Planning 2009cpwalmsley
In this presentation I debunk some common misconceptions with estate planning. This knowledge and more is available to my clients. Audio will soon be added.
Arizona Divorce, Modification, and EnforcementBillie Tarascio
Your divorce agreement may need to be changed after a new job, new town, medical issue, or growing children. This presentation from Modern Law and AccessLegalDocs.com walks you through what you need to know if your divorce is in Arizona. It's also geared to help the person working on a do-it-yourself divorce without an attorney.
Divorce 101: What You Need To Know Before Filing For Divorce in ArizonaBillie Tarascio
With 8 in 10 people in Arizona filing for divorce without an attorney, it's vital that you know what attorneys know about what to do before you start the process. This presentation walks you through the things you'll need to know
McKonly & Asbury’s October webinar is brought to you by Bridgeford Trust Company! Modern trust laws, including directed trust, trust protector, and the newly created family advisor, have revolutionized the trust industry in the United States. During this webinar, David Warren, Chairman of the Board/Co-Founder of Bridgeford Trust Company and President/CEO of Bridgeford Advisors, will highlight how these modern progressive trust laws, found only in a handful of states including South Dakota, have drastically changed how trusts are created and administered, delivering far more control and direction to settlors of trusts, beneficiaries, and their advisors than ever before.
The webinar will examine modern trust laws in the context of their impact on traditional notions of trust planning using irrevocable trusts. We will specifically discuss control mechanisms now available to planners, settlors of the trusts, and beneficiaries such as the directed trust, trust protectors, the family advisor and decanting and their dramatic impact on trust planning and the trust industry overall.
Not Your Grandfather’s Corporate Trustee: Modern Trust Laws and the Resurgenc...McKonly & Asbury, LLP
This webinar was hosted by David Warren, President and CEO with Bridgeford Trust Company, and Tyler Wenger from McKonly & Asbury. The presentation examined the resurgence of corporate trustees in the wealth planning process in the context of modern trust laws and situs selection.
Check out our Upcoming Events page for news and updates on our future seminars and webinars at http://www.macpas.com/events/
How to Preserve Your Wealth for Generations in CaliforniaScott Schomer
With proper estate and legacy planning, wealthy families have a better chance of success in passing on their fortune to their family, from one generation to the next. Learn more about legacy wealth planning in this presentation.
International Estate Planning for Cross-Border FamiliesR. Stanton Farmer
This article provides an introduction to international estate planning and investment techniques that sophisticated international and cross-border families utilize, and observes some of the pitfalls that arise from applying a domestic estate plan to a cross-border family’s wealth. A particular emphasis is placed on U.S. expat estate planning. - See more at: http://thunfinancial.com/international-estate-planning-cross-border-families/#sthash.JbN4DC5W.dpuf
It is imperative that you understand what each fiduciary role encompasses and what should be considered when making a decision about whom to appoint. Learn more about fiduciaries in this presentation
Estate Planning For The Business Owner Updated 1 5 2011 For 2010 Tax ActDeborahPechetQuinan
This presentation reviews federal and Massachusetts estate tax laws and applies the law and valuation discounting concepts to the closely-held business owner, and reviews pre-sale/appreciation event estate tax minimization planning opportunities.
Every year billions of dollars in unclaimed money and property is turned over to the State by companies who cannot locate the owners. Unclaimed money and property in the form of bank saving accounts, safety deposit vaults, deposit certificates, estates owned, money orders that were not cashed, insurance policies that are terminated or matured, term deposits, non refunded utility deposits and many other sources. Companies cannot hold on to money owed to another indefinitely. When the company cannot find the property owner, the money must be handed over to the State. State laws require the remittance of unclaimed money, from:
banking and financial organizations
insurance companies
utilities companies
loan companies
safety deposit box contents
public and private pension proceeds
landlords, retailers, and other companies and institutions that collect money in trust.
The Easiest, Most Hassle-Free Way to Make Money!
How Are Debts Handled After Someone Dies in TexasSteve P. Mendel
Probate is the legal process that is typically required after a death to ensure that the decedent’s assets are identified, located, and eventually transferred to the rightful beneficiaries or heirs of the estate. Another important aspect of the probate process, however, is addressing debts of the decedent. Learn more about debts in Texas in this presentation.
A presentation explaining the importance of preparing an estate plan sooner rather than later. A brief explanation of the component parts of an estate plan is included.
How to put U.S. real estate into a corporate holding structure.pdfMatthew Ledvina
The crafting of a private derivative contract, with the expertise of individuals like Matthew Ledvina, is perhaps the most crucial step in leveraging this financial instrument for wealth structuring. The terms and conditions laid down in the contract govern the entire transaction and serve as the foundation for subsequent negotiations and adjustments.
What Is a Special Needs Trust in North DakotaRaymond German
To account for this dynamic, you could make a loved one with a disability the beneficiary of a special needs trust. Under program rules, the trustee could use the assets in the trust to improve the beneficiary's quality of life. Learn more about special needs trust in North Dakota in this presentation.
The more complex an estate is in terms of asset diversification, management expectations and distribution objectives, the more pertinent a carefully crafted living trust becomes in terms of its overall financial benefit and functionality. living trusts are useful for high net worth individuals or estates that are seeking to supplement their wills with more specific asset management criteria.
What Do I Need If I Purchase a Lemon Law Buyback Vehicle?
You will be notified prior to buying a lemon buyback vehicle by the seller in writing of the non conformists stated by the previous owner. For more information visit: http://dealerfraud.org/
This webinar is hosted by Michael Hoffner, Partner and Leader of McKonly & Asbury’s Systems and Organization Controls (SOC) practice and Co-Director of the Assurance practice, and Janice Snyder, Partner and Co-Director of the Assurance practice.
This ethics webinar focuses on the 7 threats that could compromise a CPA’s compliance with the AICPA code of professional conduct. Many threats fall into one or more of the following seven broad categories: adverse interest, advocacy, familiarity, management participation, self-interest, self-review, and undue influence.
Ratio Analysis and Business Performance – Why Should I Care – Part 2?McKonly & Asbury, LLP
The webinar is hosted by David Blain, Partner and Director of McKonly & Asbury’s Entrepreneurial Services Group, and Eric Fischer, Benefits Advisor at American Family Life Assurance Company of Columbus (Aflac).
This webinar is a continuation of the first webinar hosted on May 30, 2019. This webinar focuses on debt covenant and leverage ratios most used and reviewed by banks and other lending institutions. The webinar also focuses on how banks and lending institutions view these ratios and how to best prepare and present your business for compliance with these ratios.
Not-For-Profit Organizations: Lessons Learned from Implementation of the New ...McKonly & Asbury, LLP
McKonly & Asbury’s July webinar entitled, “Not-For-Profit Organizations: Lessons Learned from Implementation of the New Financial Reporting Standard” took place on Thursday, July 25, 2019. The webinar was hosted by Gary Dubas, Partner and Director of McKonly & Asbury’s Nonprofit Practice, Janice Snyder, Partner and Co-Director of the Assurance Practice, and Jim Shellenberger, Principal and Leader in the Nonprofit Practice.
2019 State Taxes: Pennsylvania Update and The Multistate Tax ClimateMcKonly & Asbury, LLP
McKonly & Asbury’s June webinar entitled, “2019 State Taxes: Pennsylvania Update and the Multistate Tax Climate” is hosted by Mark Heath, Partner and Director of Tax Services at McKonly & Asbury, and Lindsey Waltemyer, Tax Supervisor. During this webinar, attendees will gain an understanding of the budget provisions and recent tax updates specific to Pennsylvania; receive updates on how various states are reacting to federal tax changes and national trends in sales tax nexus; and receive updates from Harbor Compliance on foreign entity qualification and annual report requirements.
McKonly & Asbury’s April webinar entitled, “Leasing: A New Standard is Finally Here” is hosted by Dan Sturm, Partner; Brett Bauer, Senior Manager; and Tim Showers, Supervisor. During this webinar, attendees will learn how ASC 842 differs from ASC 840; will see illustrative financial statements which highlight exactly what changes as a result of the new standard; and will gain an understanding of what they should be doing now to prepare.
Business Valuation Update & Impact of the Tax Cuts and Jobs ActMcKonly & Asbury, LLP
This webinar is hosted by McKonly & Asbury Principal and Business Valuation Leader, Eric Blocher. The webinar will focus on the following; 1) the three different approaches to valuation, 2) the importance of the Standard of Value, Level of Value, and Premise of Value, 3) the Impact of the Tax Cuts and Jobs Act on business valuation, 4) trends in the valuation industry for accounting for the Act, and 5) new topics that are affecting the business valuation industry.
This webinar will provide you with all of the information you need to know in order to understand and implement the changes made by the Tax Cut and Jobs Act, signed into law in December of 2017. McKonly & Asbury presenters, Mark Heath – Partner, and Charlie Eisenhart – Manager, will be covering corporate tax reform including rate changes, new depreciation rules, and limitations on deductions; flow-through tax reform with a special focus on the new 199A deduction; as well as the changes affecting individuals, including new rate brackets and limits on itemized deductions.
Elaine Nissley, Principal with McKonly & Asbury, will provide an overview of ethical style and perspectives. During the webinar, she will present ethics from a macro, corporate, and individual level and discuss social contracts within organizations. She will also discuss how our personal ethical perspective, the ethical perspective of others, and the organization’s ethical perspective influence social contracts and behavior in the workplace. Elaine will then look at a self-assessment tool which you can use to assess your ethical leadership style and a balanced scorecard to measure and track the corporate ethical environment, as well as some frameworks to help you to make balanced ethical decisions. The webinar will conclude with a review of the state of ethics in the workplace in 2017 and a summary of the Federal Sentencing Guidelines related to the key components of an effective ethics program to protect both the organization and their employees.
In today’s business environment, organizations have a responsibility to their employees, clients, and customers to ensure the confidentiality, integrity and availability of the critical data that is entrusted to them. Every network is vulnerable to some form of attack. However it is not enough to simply confirm that a technical vulnerability exists and implement countermeasures; it is critical to repeatedly verify that the countermeasures are in place and working properly throughout the secured network. During this webinar, David Hammarberg, Principal, IT Director, and leader of McKonly & Asbury’s Cybersecurity Practice will be joined by Partner, Michael Hoffner and they will lead a discussion on a Cybersecurity Risk Management Program including what it is and how it can prepare your organization for the future.
Professional Ethics for CPAs - What the Rules Say and How to Interpret ThemMcKonly & Asbury, LLP
This webinar was hosted by McKonly & Asbury Partners, Janice Snyder and Michael Hoffner and reviewed the structure of the current AICPA Code of Professional Conduct as well as provided an overview of how CPAs in both Public Practice and serving in Industry should interpret the requirements therein. The presenters went through the outline of the Code, explaining where to find various components of the regulations and providing a series of examples to illustrate the application of the framework.
2018 Pennsylvania Tax Update: The State Budget, Legislation, and Multistate T...McKonly & Asbury, LLP
This webinar was hosted by McKonly & Asbury Senior Tax Manager and SALT Leader, Michael Eby, and Tax Supervisor, Lindsey Waltemyer.
It provides an overview of the enacted 2017-2018 Pennsylvania State Budget; a brief update on recently passed Pennsylvania tax legislation and court decisions of interest; and discusses how states, including Pennsylvania, are addressing these changes at the Federal level in their own respective tax structure.
Not-for-Profit Financial Reporting: How to Convert Your Financial Statements ...McKonly & Asbury, LLP
This webinar was hosted by McKonly & Asbury Partner, Janice Snyder, and Principal, Jim Shellenberger, and addressed the requirements of Accounting Standard Update 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities. The presenters reviewed the new requirements under this standard and converted a full set of not-for-profit financial statements from the previous requirements to the new requirements. This was a step-by-step, page-by-page review of not-for-profit financial statements.
This webinar was hosted by McKonly & Asbury Partner, Michael Hoffner and Senior Managers, Josh Bantz and Samuel BowerCraft.
The webinar reviewed he new Trust Services Criteria that will be effective for SOC 2 and SOC 3 reports issued after December 15, 2018. The emphasis of this webinar was on evaluating the changes to the criteria, impacts on the report, and processes and procedures for transitioning from the 2016 Criteria to the 2017 Criteria. The presenters looked in-depth at how clients should map their controls from the 2016 Trust Services Criteria to the 2017 Trust Services Criteria including challenges with the new criteria.
The webinar was hosted by McKonly & Asbury Senior Tax Manager, Mike Eby and Senior Audit Manager, Dan Kern, along with special guest, Bonnie Mark, Principal at Delta Development Group, Inc.
The presentation gave an overview of the Federal and Pennsylvania historic preservation tax credit programs for income-producing properties. Specific discussions included: 1) requirements that need to be met for a project to be eligible for the programs, 2) the application process, 3) accounting and cost certifications, 4) tax benefits of participating in the programs, 5) and recent changes to the Federal program due to Tax Reform.
Throughout the presentation, the hosts reviewed case study examples of local and national projects that they have participated in over the years. Developers, contractors, investors, and even businesses outside the real estate industry will find that there may be opportunities for them to participate in the incentives of these programs.
This webinar focused on the ins and outs of purchasing a business. The objectives of this webinar were to provide the attendees with tips and tools to use as a buy side party in a transaction. More specifically, the participants came away with a basic knowledge of how to approach and communicate with targets, how to analyze a target, the due diligence process, and what to expect at close and post-closing of a transaction.
The presenters discussed the process from start to finish with a focus on the following areas:
- What do you want to be and where do you want to go? – First step is to identify the type of business that best fits your overall business plan and strategy (culture, size, business lines, etc.).
- Preliminary process – How to identify targets, use of professionals, development of a professional, and internal advisory team.
- Transaction process – Initial discussions, development of an LOI, transaction type, and due diligence.
- Closing process – Purchase document, delivery of assets or working capital, and final adjustments.
- Post-closing – Now What?
This webinar discussed the purpose of data analytics and how it can be a light in the darkness for your organization to make better decisions for the future. The webinar covered the purpose of data analysis and its definition, the fundamental steps to take to perform data analysis to problem solve, and closed with next steps that attendees can take to further develop data analysis and business intelligence within their organizations.
During this webinar, attendees learned about the following:
- How data analytics functions to help your organization improve.
- The process for using data analytics to solve problems.
- Next steps to take to build data analysis within your organization.
As a follow up to the webinar we did in December, this webinar will dig in a little deeper into what we believe are the most impactful and relevant aspects of the Tax Cuts and Jobs Act of 2017 for both individuals and businesses. We will also identify planning opportunities for businesses to ensure that opportunities for tax minimization are realized and pitfalls are avoided.
During the webinar, participants will understand how the potential tax legislation will affect themselves individually, their families, their businesses, and how to plan for future tax liabilities.
This webinar presented a broad overview of pending tax legislation and provided details on how the current Federal tax legislation proposals will affect individuals, families, and small and large businesses. The presenters also identiied planning opportunities for businesses to ensure that opportunities for tax minimization are realized and pitfalls are avoided.
Participants will understand how the potential tax legislation will affect themselves individually, their families, their businesses, and how to plan for future tax liabilities.
Preparing to Buy or Sell? Topics and Tips for a Successful TransitionMcKonly & Asbury, LLP
This webinar was geared to those in the process of business transition. Whether looking to sell your business, transition your business to a future generation, or expand your business through acquisition, this webinar focused on key concepts from a financial and tax structure that all business owners should consider in advance of any business related transition. The webinar discussed matters of preliminary planning and preparation for transition, understanding business value, tax consequences and tax structuring matters, pitfalls to avoid, and other unintended consequences.
Ethics: Real Life Application of the AICPA Code of Professional ConductMcKonly & Asbury, LLP
This webinar focuses on specific ethical examples related to both public accounting and industry. There is also a discussion on key points in the AICPA Code of Professional Conduct and their application to our daily responsibilities.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
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3. “The U.S. is emerging as a leading tax and secrecy haven for rich
foreigners.” Bloomberg Magazine, Jan. 27th, 2016
“America is the new Switzerland.” Financial Times, May 16th, 2016.
“The United States is now becoming one of the world’s largest tax
and secrecy havens.” Washington Post, April 5, 2016
“The United States has become a place of choice for foreign
investors.” Daily Business Review, April 25, 2017
4. International Families with Ties to the U.S.
◦ Education
◦ Marriage
◦ Business Activity
◦ Not Nefarious or Bad Actors
Tax and Privacy Issues
◦ Taxation Planning (NOT Tax Evasion)
◦ Privacy Laws (NOT Secrecy)
◦ Panama Papers
◦ Domestic Asset Protection v. Off Shore Asset Protection
Common Reporting Standard (CRS)
5. Global cooperation and sharing of financial information between and
among participating jurisdictions, with enhanced transparency in
multinational business and investment reporting.
Similar to FATCA.
As of August 2017, 102 jurisdictions have committed to implement
CRS including the Cook Islands, BVI, Cayman Islands, Switzerland,
Nevis, and New Zealand.
United States NOT participating in CRS.
6. FATCA
◦ A US tax initiative introduced by the United States Internal Revenue Service (IRS).
◦ Commitment: 100+ countries have signed up to FATCA.
◦ AIM: to reduce tax evasion by US citizens and US tax residents.
CRS
◦ A global tax initiative introduced by the Organization for Economic
Co-operation and Development (OECD).
◦ Commitment: As of August 2017, 102 countries have signed up to CRS.
◦ AIM: To reduce tax evasion by taxpayers of countries signed up to CRS.
7. FATCA:
◦ FATCA aims to identify whether an account holder is a US person using
citizenship and tax residency.
◦ Tax information is collected for US account holders ONLY.
CRS:
◦ CRS aims to identify the tax residency of each and every one of its account
holders.
◦ Tax information is required for ALL account holders.
8. The reporting requirements of CRS are the same as FATCA with the
exception of:
◦ Tax residency, date and place of birth are also reported for ALL account
holders.
◦ Information must be reported on the CRS schema to the local Tax
Authority for onward forwarding to all countries complying with CRS.
Similar Penalties
9. “The choice of a state
in which to establish a trust
is as critical as the decision
to create one.”
Elizabeth Mathieu,
President of Neuberger & Berman
10. Trust laws in the U.S. vary significantly from state to state.
A few states are “in a race” to establish the most progressive
trust laws in an attempt to capture trust business.
Tier 1 Trust Jurisdictions*
o South Dakota
o Delaware
o Nevada
o Alaska
* Trusts & Estates Magazine, January 2016 Issue
11. Asset Protection
Dynasty Trust/Rule Against Perpetuity
Taxation
Privacy Rules
Modern Trust Laws
12. A self-settled trust that protects assets from creditors
(including future spouse).
Strategy that legally shields assets from third party liability
(future spouse) while permitting settlors to receive income,
retain some control over trust assets AND enjoy a
discretionary beneficiary interest during their lifetime.
Most states do NOT have an Asset Protection Trust Statute.
13. Several states have passed Domestic Asset Protection Statutes.
South Dakota, Nevada, Alaska, and Delaware are consistently
recognized as having the most robust and powerful Asset
Protection Statutes in the nation.*
* See Domestic Asset Protection Trusts: Which Jurisdictions Are the Most
Effective to Set Up This Powerful Tool?
Mark Metric & Daniel G. Worthington, Trust and Estates Magazine, January 2013
14. Very compelling planning tool for high-risk individuals and
pre-marital planning.
Not all Domestic Asset Protection Statutes are created equally.
Fraudulent Conveyance (look-back):
o South Dakota – 2 years
o Delaware – 4 years
Best of Both Worlds - Domestic and Offshore asset protection
in one instrument.
15. Definition – A trust that is not subject to the rule against
perpetuities and, therefore, lives forever.
Driven by state law.
South Dakota allowed for the first Dynasty Trust in the nation
in 1983 by abolishing the rule against perpetuities.
16. Dynasty Trusts avoid federal taxation on trust assets forever because there
is never a forced distribution of assets.
Very important planning tool that protects family wealth over generations.
Not all states have abolished or amended the Rule Against Perpetuity,
clearing the way for Dynasty Trusts.
State Constitutional Issues.
Dynasty Trust states are not created equally.
17. *Created by Steve Oshins, 2016. Law Offices of Oshins & Associates, LLC. Las Vegas, Nevada. soshins@oshins.com
18. *Created by Steve Oshins, 2016. Law Offices of Oshins & Associates, LLC. Las Vegas, Nevada. soshins@oshins.com
19. Income retained in a trust is taxed in most states at applicable income
tax levels.
A handful of states do not have an income tax and, therefore, do not tax
retained income in trusts, including South Dakota.
There is a simple, compelling, and often untapped tax planning
opportunity by properly situsing a trust in a state that does not have an
income tax or tax trusts.
20. Resident Trust – A trust with situs and trust administration in a jurisdiction
other than where the settlor, beneficiaries, or co-trustees reside.
Sourced vs. Non-Sourced undistributed trust income.
There is a clear trend in case law across the country denying state
authority to tax retained income in a resident trust.
21. At least 3 states have generated appellate court case law indicating that it is a
violation of the Commerce Clause of the United States Constitution and Due
Process for a state to tax a resident trust properly sitused and administered in
another state.
o McNeil v. Commonwealth of Pennsylvania, Pennsylvania Commonwealth Department
of Revenue
o Residuary Trust A U/W/O Fred E. Kassner v. the New Jersey Division of Taxation
o Kimberly Rice Kaestner 1992 Family Trust v. North Carolina Department of Revenue
22. A compelling tax planning opportunity exists in certain states for dynasty
trusts to avoid federal estate taxation through a forced distribution AND
avoid state taxation on undistributed income.
The opportunity to create a trust in, or move an existing trust to a
jurisdiction that has dynasty trust provisions and does not tax undistributed
income clearly will have a very substantial impact on the value of trust
assets over generations.
23. South Dakota Community Property Special Spousal Trust
◦ Created by one or both spouses with both spouses as beneficiaries to avoid taxation because
it treats the property as community property at the death of the first spouse, applying a 100%
percent step-up in basis at date of death of the first spouse.
◦ Avoids federal capital gains taxation of marital/trust assets when subsequently sold.
◦ Combining the benefits of a South Dakota Community Property Special Spousal Trust with the
federal estate tax benefits of a Dynasty Trust, in a jurisdiction that does not have an income
tax, such as South Dakota, creates a powerful tax move that has the potential to result in
compelling federal and state tax savings over subsequent generations.
24. Very important issue for high net worth families and closely held
business owners.
◦ Quiet Trust – no disclosure requirement.
◦ Court Seal – Keeps trust information out of the public domain.
South Dakota – Total Seal Forever/Not Discretionary/Quiet Trust.
◦ Delaware – Seal for 3 years/Discretionary.
◦ Most States – Open to the Public.
26. Through bifurcating liability, the directed trust model creates a legal
framework allowing trustees and beneficiaries to work with asset
managers and independent trust companies of their choosing.
Directed trusts provide a family with maximum flexibility and control
regarding the trust's asset allocation, diversification, investment
management, and distributions.
27. A directed trust can be used by a settlor who wants to fund an
irrevocable trust with a closely held company or a specialized asset,
but who also wants to place control of such assets in the hands of a
particular individual (or group of individuals) familiar with the
company’s operations or that type of specialized asset.
The directed trust concept unbundles functions (asset management
and trust services) that have traditionally been bundled by large
bank-based corporate trustees.
28.
29. The Trust Protector, often used in conjunction with a Directed Trust, delivers far
more control to settlors of trusts, beneficiaries, and their advisors than ever
before.
The inclusion of a Trust Protector allows the settlor, beneficiaries, and their
advisors to modify and control many important aspects of the trust and provide
direction to the trustee with respect to investment management, jurisdiction,
and trust distributions.
30. Reasons why a settlor may wish to appoint a Trust Protector include:
◦ The settlor wishes for a mechanism to easily replace the trustee or change
trust situs.
◦ Protectors allow for a great degree of flexibility when dealing with changes in
circumstances, including both factual circumstances (death, premature
divorce, previously unknown children) and legal changes (any legal changes,
but most frequently changes to applicable revenue laws).
31. Reasons why a settlor may wish to appoint a Trust Protector include
(continued):
◦ The settlor may be concerned that the trustee may not pay sufficient attention
to his wishes.
◦ The settlor wishes certain powers to be withheld from the trustees.
◦ The settlor wishes a third party to act as a main point of contact between the
beneficiaries and the trustees.
32. Appropriately referred to as a “Trust Protector Light,” because of its
non-fiduciary status and limited powers.
Excellent option for settlors of trusts and beneficiaries who may want
family advisors, such as attorneys, CPAs, or investment advisors, to have
some control and input over important aspects of trust administration
without elevating the position to that of a fiduciary.
33. The Family Advisor role, similar to the Trust Protector, has the
power to modify, control, and participate in many important
aspects of trust administration. The powers that may be granted to
the Family Advisor are:
o Remove and appoint a trustee, a fiduciary provided for in the governing
trust instrument, trust advisor, investment committee member, or
distribution committee member.
o Appoint a successor trust protector or a successor family advisor.
34. o Advise the trustee on matters concerning any beneficiary; receive trust
accountings, investment reports, and other information from the trustee or to
which a beneficiary is entitled; attend meetings, whether in person or by any other
means, with the trustee, investment trust advisors, distribution trust advisors, or
other advisors, whether in person or by any means, electronic or otherwise; and to
consult with a fiduciary regarding both fiduciary and non-fiduciary matters or
actions, all without any power or discretion to take any action as a fiduciary.
o Provide direction regarding notification of qualified beneficiaries pursuant
to § 55-2-13.
35. Decanting is the distribution of assets from an irrevocable trust into a new
trust with different, and presumably more desirable and flexible provisions,
leaving the unwanted provisions in the original trust and not binding on the
trust assets.
Decanting has emerged as a powerful planning tool for planners relative to
adapting family wealth plans to changes in the wealth planning landscape
and family dynamics, without the need for Court intervention.
36. Transfer trust situs to a more favorable trust jurisdiction state.
Correct drafting errors.
Enable trusts to be subdivided among beneficiaries.
Switch trust from grantor trust status for tax purposes to non-grantor status.
Include asset protection provisions.
Change administrative terms of the trust.
Change trustees.
Expand trustee powers.
Create a Directed Trust (Investment and Distribution Committees).
37. New York was the first state to enact a decanting statute in 1992.
Currently 22 states have Decanting Statutes:
◦ South Dakota, Nevada, New Hampshire, Delaware, Tennessee, Arizona,
Ohio, Alaska, Wyoming, Illinois, Virginia, South Carolina, Missouri,
Kentucky, North Carolina, Texas, Rhode Island, Wisconsin, New York,
Michigan, Florida, and Indiana.
38. Only South Dakota allows trustees to decant from a trust with an ascertainable
standard of distribution into a trust with absolute discretion to distribute and
also remove a mandatory income interest.
Only 7 states have statutes that do not require notice of decanting to
beneficiaries.
Selecting the proper decanting statute is essential.
39. *Created by Steve Oshins, January 2017. Law Offices of Oshins & Associates, LLC. Las Vegas, Nevada. soshins@oshins.com
40. *Created by Steve Oshins, January 2017. Law Offices of Oshins & Associates, LLC. Las Vegas, Nevada. soshins@oshins.com
41.
42. U.S. Trusts as Foreign Trusts
◦ Failure of Court Test or Control Test = Trust Treated as a Foreign Entity.
Not Subject to U.S. Taxation
South Dakota Trust for Legal Purpose (SD Law applies)
Why a Foreign Trust?
◦ Foreign born person living in U.S.
◦ Foreign person with U.S. assets
◦ Repatriation to the U.S.
◦ Privacy/Political corruption concerns
◦ Reporting Protocols
◦ Taxation
43. Strong and thorough KYC (Know Your Customer) is essential.
◦ World checks.
◦ Source of Funds.
◦ Verification of good character/tax compliance in home state.
Not everyone coming to the US is nefarious.
Need for Uniformity of Regulations among trust companies and states.
44. “We are the chartering authority...if something goes wrong, we own it.
From a reputational standpoint no one benefits from having
something bad happen.” Bret Afdahl, Director, South Dakota Division
of Banking, Financial Times, May 16th, 2016.
The South Dakota Division of Banking is proactively working closely
with trust companies in the international space to develop uniform
regulations designed to protect against nefarious actors and to
protect the overall integrity of the South Dakota trust industry.
45. Bridgeford Trust Company is an independent trust company providing industry leading
trust administrative services to families across the nation and around the world.
Bridgeford Trust delivers tremendous control and flexibility to settlors and beneficiaries
of trusts, as well as their advisors, through South Dakota’s cutting edge modern trust
laws, including directed trusts, domestic asset protection trusts, privacy, taxation, and
decanting.
Contact David Warren, JD, President & CEO at dwarren@bridgefordtrust.com or by calling
(605) 224-1372.
Visit our website for more information at: www.bridgefordtrust.com