Bobsprit has 2 Boats!
 

Again, you're talking apples and oranges. For UC, there are
familial links. For IBS, there may be links, but it's not clearly
defined. For example, most professional and highly skilled
amateur athletes have very low instance of IBS. This is not
the case with UC, since there is a fairly strong genetic link.
My friend who has UC uncle died at 32. Those days it wasn't
complete understood what happened to him, but my friend
almost died with the same symptoms.

"Bobsprit" wrote in message
...
You're talking about anecdotal
evidence vs. actual reliable data.


Because of the highly variable symptoms for UC and IBS, just about every
study
made has been based on anecdotal data, inlcuding the familial link
statistics
cited recently at 15-20%, below the keying factor. As for cancer rates,
IBS
patients have a higher rate and UC patients are told to get scoped twice
as
often for just this reason. A person with UC needs to be scoped at a
younger
age as well. Some doctors suggest 35 as a starting point.
Here's a link.
http://ibscrohns.about.com/library/b...itiscancer.htm

And this from the CFSN site:

Irritable bowel syndrome is an epidemic in the United States. More than 5%
of
the population is afflicted by "idiopathic" (cause unknown) bowel
discomfort,
urgency, and diarrhea type symptoms. IBS can progress to colitis, but is
different in that colonoscopy finds no obvious pathological changes in the
bowel.

RB

Bobsprit has 2 Boats!
 

Well, they say if you really want to make it in the corporate
world, you have to sh*t on everyone else.

"SkitchNYC" wrote in message
...
It's one of the leading causes of workplace absense.


Figures.

Bobsprit has 2 Boats!
 

I'm also aware of the drug
you allude to. The study was conducted with mostly women,
and as yet is not approved for men by the FDA.

I'm speaking of recently approved Colazal. It's available for anyone. About 10
bucks a day for the 9 pills. Far superior to the previous generics with
virtually no side effects.

RB

Bobsprit has 2 Boats!
 

That's for UC not IBS.

"Bobsprit" wrote in message
...
I'm also aware of the drug
you allude to. The study was conducted with mostly women,
and as yet is not approved for men by the FDA.

I'm speaking of recently approved Colazal. It's available for anyone.
About 10
bucks a day for the 9 pills. Far superior to the previous generics with
virtually no side effects.

RB

Bobsprit has 2 Boats!
 

Here's a link for the IBS drug I was talking about in case
anyone is interested...

http://www.zelnorm.com/index.jsp

"Bobsprit" wrote in message
...
You're talking about anecdotal
evidence vs. actual reliable data.


Because of the highly variable symptoms for UC and IBS, just about every
study
made has been based on anecdotal data, inlcuding the familial link
statistics
cited recently at 15-20%, below the keying factor. As for cancer rates,
IBS
patients have a higher rate and UC patients are told to get scoped twice
as
often for just this reason. A person with UC needs to be scoped at a
younger
age as well. Some doctors suggest 35 as a starting point.
Here's a link.
http://ibscrohns.about.com/library/b...itiscancer.htm

And this from the CFSN site:

Irritable bowel syndrome is an epidemic in the United States. More than 5%
of
the population is afflicted by "idiopathic" (cause unknown) bowel
discomfort,
urgency, and diarrhea type symptoms. IBS can progress to colitis, but is
different in that colonoscopy finds no obvious pathological changes in the
bowel.

RB

Bobsprit has 2 Boats!
 

Bwaaahahahahahahahaa!
Hope you'r having fun.


Doesn't seem like it.

RB

Bobsprit has 2 Boats!
 

You really are a pit bull when you get into something. I have never seen you
admit you were wrong, and I don't expect to see it now. But nonetheless:

Cause there are a million better ways to get gains or income out and cause
you're gonna turn capital gains into personal income that way - not too
smart.

Jesus, maybe you should talk to someone who actually knows about
company accounting in Oz.

This is a non-answer. Why don't you explain the benefit from your ridiculous
structure. I have explained the problems. If you don't even know why you have
it that way, then you have been taken for a ride.

The fact that you don't even know who AAR is or would say that "they don't
know
**** about Oz" tells all. They are the biggest Oz law firm and the leading
tax
advisor there and the firm consisting of some of my best friends (see, all
Ozzies are not assholes).
Bwaaahahahhahahahahahahahhaaaa!
The biggest Oz law firm?
Bwaaahahhahahahahahhahahaaaaa!
Never heard of them.
You one of those Yanks who says
"My mate lives in Australia, you probably know him"

It is easily verifiable. The fact that you have never heard of them says more
about your knowledge than mine. You just keep diggin deeper. Its like someone
claiming to have the state of the art boat, but having never heard of, say,
Morris or Hinckley.

My accountants have set up my affairs to my advantage, I'm NOT an
accountant, I believe what they tell me.

Well, that's probably the crux of the problem. Ask your "niece" to think if
the corporate form is the wisest way to hold investment securities. Its not
and you claiming you do is either a lie or the result of horribly poor advice.

G'day Alfie.

Bobsprit has 2 Boats!
 

If it all falls down I am not personally liable providing I have not
breached my duties as a director. ie trading when insolvent.
Good eh?

Without knowing the specifics, Skitchy is ****ing into the wind suggesting
any
part of your situation is not "proper."

Proper has nothing to do with it, Bob. His statement above is correct,
except
he fails to note that he would also be personable liable if the corporate
shell
is a mere instrumentality of his, which it appears to be. This ain't ****
into
the wind, rather **** on a stupid ownership structure.

OK Kitchy, maybe you could show us your accountancy degree.
Oh, BTW my niece is an associate and very soon will be a partner
"in one of the biggest accounting firms in Oz"
Not AAR I'm afraid.......

As I've said AAR is not an accounting firm and you not being aware of them
indicates you are a small fry. No problem with that, but nothing wrong with
getting good advice. You should have your niece look over what you are doing.
Maybe then you'll see the light. You probably have a one or two man shop
handling your work now, which often results in less than efficient structures.
But to each his own - pay double taxes if you want I dont' care.

G'day and good luck.

Bobsprit has 2 Boats!
 

Hey Kitchy, I'm no accountant.
Experts are there to be used, I use them...

Don't rely on them without knowing why they are requesting you do something.
Rule no. 1.

Bobsprit has 2 Boats!
 

As I've said AAR is not an accounting firm and you not being aware of them
indicates you are a small fry. No problem with that, but nothing wrong with
getting good advice. You should have your niece look over what you are
doing.

Well actually she works for the firm I use but she has a policy of not
working directly with family.
One of the senior partnrs is my main contact.

Seing as you are so well versed in Oz accounting, you may have heard
of them..HLB Mann Judd?
I could understand if you haven't.

Mid-tier Oz accounting firm. Big deal.

Maybe then you'll see the light. You probably have a one or two man shop
handling your work now, which often results in less than efficient
structures.
But to each his own - pay double taxes if you want I dont' care.

Ahh dear still working on incorrect assumptions.
Double taxes...Bwaaahahhaahahhahhahaaaaaaa!

OK. Then back to square one. Explain, as I have asked numerous times, why you
have organized as you have. You are quite eager to avoid answering this very
simple question. Either you don't know or you haven't really done what you've
said. Tough for you to choose, I know, because it is not clear which is least
embarassing for you.

Bobsprit has 2 Boats!
 

Dear oh dear,
It's done for all the usual reasons that businesses are incorporated
in Oz.

That's a cop out. You just don't know why, and that's amazing.

Talk to your lawyer friend, he might give you some insight into what
is one of the most complicated tax systems in the World.

Rubbish.

Bobsprit has 2 Boats!
 

SkitchNYC wrote:

Dear oh dear,
It's done for all the usual reasons that businesses are incorporated
in Oz.

That's a cop out. You just don't know why, and that's amazing.

Talk to your lawyer friend, he might give you some insight into what
is one of the most complicated tax systems in the World.

Rubbish.

Skitch, Oz has you bouncing up and down on a hook that resembles
a thirty-pound fisherman (no doubt on an all-chain rode.)
Everything he has said is correct under Australian corporate law.
My business, which was once a simple two-person partnership, had
to incorporate (long ago) for precisely the reasons he is listing
and you refuse to believe. When the other partner bows out and
I'm running as sole trader, it will still be a company with
protection provided I don't breach my duties as a director.

The reason lies not with Oz's strangeness but withe the
strangeness of the Australian corporation laws, and for that
matter the strangeness of Australian taxation laws, which now run
to 24 volumes or something ridiculous, so complex that only
specially trained, tutored and accredited taxation accountants
can cope with it, and only then when running on refresher courses
every six months. One example should suffice. Were you aware an
Assistant Taxation COmmissioner in Australia can make law which
assumes your guilty and demands you pay up first before any
contest of defence can be started? It's called a "determination"
and while it can be over-ruled by a court, that may take a couple
of years and several hundred thousand dollars to achieve.

So Oz is cheerily leading you on by stating nothing but the
truth. As the truth is so outlandish, you refuse to believe it,
thus demonstrating your limitiations as a Googler. Yet you
yourself are party, daily, to even more outlandish perversions of
logic and legislation, those being the contractual agreement
covering your use of software...
--
Flying Tadpole

-------------------------
Learn what lies below the waves of cyberspace!
http://www.internetopera.netfirms.com

Bobsprit has 2 Boats!
 

Skitch, Oz has you bouncing up and down on a hook that resembles
a thirty-pound fisherman (no doubt on an all-chain rode.)
Everything he has said is correct under Australian corporate law.
My business, which was once a simple two-person partnership, had

Poor Skitchy....hooked, brought on deck and then fried a deep golden brown!
Skitchy cracks me up with his legal-clap-trap! He clearly knows nothing, and
still does the best Roy Horn taming the tiger impression ever! Whoops!

Bwahahahahaha!

RB

Bobsprit has 2 Boats!
 

Everything he has said is correct under Australian corporate law.
My business, which was once a simple two-person partnership, had
to incorporate (long ago) for precisely the reasons he is listing
and you refuse to believe. When the other partner bows out and
I'm running as sole trader, it will still be a company with
protection provided I don't breach my duties as a director.

For starters, Taddy, he has not listed any reasons. He appears not to even
know why he did it. As for you, please explain who your duties are owed to if
you are the sole owner and trader. Moreover, there are plenty of better ways
to avoid this than the basic corporation, with all its inherent flaws. So come
on, man, if your'e gonna get in the game, know which direction to run.


The reason lies not with Oz's strangeness but withe the
strangeness of the Australian corporation laws, and for that
matter the strangeness of Australian taxation laws, which now run
to 24 volumes or something ridiculous, so complex that only
specially trained, tutored and accredited taxation accountants
can cope with it, and only then when running on refresher courses
every six months. One example should suffice. Were you aware an
Assistant Taxation COmmissioner in Australia can make law which
assumes your guilty and demands you pay up first before any
contest of defence can be started? It's called a "determination"
and while it can be over-ruled by a court, that may take a couple
of years and several hundred thousand dollars to achieve.

Big deal. The IRS has the same powers.


So Oz is cheerily leading you on by stating nothing but the
truth.

He is stating nothing. Unless I missed it. Maybe you can tell me where he
posted why he has incorporated so many ordinary functions. I am only asking
him for an explanation of the benefits he is seeking, so I can then refute them
or provide him with a better alternative. He seems to have done it based on
advice without knowing why he did it.

As the truth is so outlandish, you refuse to believe it,
thus demonstrating your limitiations as a Googler.

No Googling here, despite your suspicisions.

Bobsprit has 2 Boats!
 

Capetanios Oz wrote in message
...

Oh dear, better ways?
Tell me kitchy, HOW THE **** WOULD YOU KNOW?

Calm down, Oz. I thought that I was reading a reasoned debate!



Regards


Donal
--

Bobsprit has 2 Boats!
 

Oh dear, better ways?
Tell me kitchy, HOW THE **** WOULD YOU KNOW?

Bwahahahahahahaha Getting to you, eh? Take a sip of wine and calm down, old
boy. Life's too short to have a heart attack over your keyboard. Listen
Nozzy, I might just know because it is my business to know. I might also get
information from the bloke sitting right next to me laughing his ass off at
you. At least I didn't have to fly 30 hours to get here, but a compatriot of
yours and I are cooped up in an office this weekend working and getting a kick
out of you working yourself into a lather. BTW he doesn't really think you are
Aussie - too uptight he says - thinks you're probably English.

As Taddy has stated our tax law is a minefield, even the best
accountants get caught often, decisions by the Tax Commissioner appear
to be made on the fly and then subject to "determination" when
questioned.

Big deal. The IRS has the same powers.

Big Deal....who cares. Neither Taddy nor I operate in the US but if we
did I'm sure we'd both employ an accountant with local knowledge.
Oh wait a minute, its the Yank thing..."we've got the biggest
everything, even ****ups!"

Yea, that must be it. If all else fails, resort to the tried and true
anti-Americanism. Hoo hoo Let it all out Nozzy, its good for you. Its a
great strategy, when you don't know something, pound the table - make a lot of
noise.

Bwaaahahahahahahahahaaaa! You missed it!
Lets see there's asset protection, liability protection, insurance
benefits, income protection,tax benefits, personal benefits

Asset protection? How does that work. Income protection? What's that?
Personal benefits? What the pride of ownership? Bwahahaha There are also
many drawbacks to a company. Why not consider using a trust, partnership, LP,
offshore corp., even a trade coop can be better than a company - you'll be able
to isolate yourself but get better tax treatment.

....even the
Dino is owned by a company :-)

Now that is just silly. Do you know that you can lose the limited liability
benefits of being incorporated if the shareholder is deemed to dominate and
control the company so that identities are mingled? Do you know that one of
the leading pieces of evidence that creditors use to pierce the corporate veil
is excessive use of incorporation. Better be careful.

Do you know anything about FBT?

Of course, it is one of the problems with what you are doing.

Maybe you should try it, you may get a clue!
""The tax system is so complicated that very few people know what all
their entitlements are," Mr Goddard said."
http://www.smh.com.au/articles/2003/...035013227.html

"TAX Questions Being the most complicated tax system in the world it
is well worth taking a look at this one"
http://www.stonedcrow.com/backpacker_tools/faqs.htm
A good one for you! BASIC!

And this page is for regular updates....they're needed because as
Taddy says, tax accountants need 6 month refresher course to keep up
with a ridiculously fluid system.
http://www.corrs.com.au/WebStreamer?page_id=1800

Enjoy the reading......

Thanks for the Googling, but I know more than I care to right now. C Ya

Bobsprit has 2 Boats!
 

Oh dear, better ways?
Tell me kitchy, HOW THE **** WOULD YOU KNOW?

Bwahahahahahahaha Getting to you, eh?

Somebody name Skitchy got off the sarcasm train a little too early, aye, Ozzy?

RB

Bobsprit has 2 Boats!
 

"SkitchNYC" wrote in message
...

Oh dear, better ways?
Tell me kitchy, HOW THE **** WOULD YOU KNOW?

Bwahahahahahahaha Getting to you, eh? Take a sip of wine and calm down,
old
boy. Life's too short to have a heart attack over your keyboard. Listen
Nozzy, I might just know because it is my business to know. I might also
get
information from the bloke sitting right next to me laughing his ass off
at
you.

Hey, I'm not sitting anywhere near you!




At least I didn't have to fly 30 hours to get here, but a compatriot of
yours and I are cooped up in an office this weekend working and getting a
kick
out of you working yourself into a lather. BTW he doesn't really think
you are
Aussie - too uptight he says - thinks you're probably English.

heh heh Very astute!!!!


Regards


Donal
--