In the next section from the book about incorporating yourself , " The Personal-Holding-Corporation
Trap"
However,even if your corporation is deemed valid by the IRS, there is still another pitfall
to avoid : You don't want to be considered a personal holding corporation is a corporation in which 60% or more of the corporate
income is derived from investments and less then 40% percent comes from actual operation of the business . This situation
is to be avoided because personnal holding corporations are subject to especially heavy taxes and do not enjoy the preferencial
tax treatment of general business corporations and perfessional corporations ( this made Tinkerbell think if he knew
that he was another person in the past),(Due to his study and befeif in reincarnation and Tibetain Buddisim to stop the neverending
hell of constant rebirth and lifes cycles. You would think you'd like to be able to grasp the situation before it is lost
and the good of it cannot be used.(So if Tinkerbell took his Luftwaffe pay and invested in Willeys airpland company and history
is history.How important is it? How much does Tinkerbell own and just as important How much does he owe? Such
as Oberlutenant Helmut Lent and the story is that he (although good at the time) put his meger salary into Will'ys little
mail plane company that even though got caught up in a war and one of its designs the Me 109 was actualy a 1930's concept
of a winged rocket spaceship design that turned out to be a pretty good fighterplane design too.And what happens if you were
flying a British Spitfire at the time and got shot down maybe by Tinkerbell himself God forbid.Does this make him a perfessional
corporation or a perfessional holding corporation and what about Wille'ys other business after the
bf109v1 and the me109 varients and after 1938 the design with the british Kistral engine was almost not excepted by the
air ministry and Will'y was not a favorate of the hard core Nazies and there was what we call today much counter -intellegence
operations because of the war and Tinkerbell thinks its most important what the children and other persons growing up learn
about the war.(Does Tinkerbell make sense?) Tinkerbell thinks he got drafted into the SS luftwaffe and hes not sure what
it all means only that he likes to watch the business news and send a little information to his friend Jeffery two tie my
shoe in Moline cause it makes him feel a little better and he thinks they can check what I see on the tv also when you
start to get an idea of the local and corporate landscape and understand some of the readings that you get in your interest
and veiws you know it could be a serious matter at times and you want to be helpful because just from thinking about personnel
holding corporations and shell corporations Stolened identity and out right piracy you know it can be important in
one of my books on economics at one end of the corporate spectrum are businesses that don't contol the prices or services
the market does and at the other spectrum of corporations that are out and out monopoloys and from the business news you can't
run a business on hot margin money mixed in with this is information like the mellon bank that isn't a bank but
an asset management company so now you look at the tv and you look a little about mergers what a hostile take over is and
try and become computer literate at the same time. Tinkerbell he found out the first thing you do with your corporation is
that you fill out the information that the state sends you. Your suppose to hold a minutes meeting and take records about
what was discussed and elect officers in the corporation like treasurer or most important secratary where he was living was
a nice place but concidered a bad neighborhood with certain persons this tinkerbell thought was not really his problem until
somebody wanted to make it his problem and thats he believes to be true.