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Friday, February 10, 2012

Why an LLC and a regular business corporation?



And wow, 50,000,000 shares. Somebody anticipates booming a business, for sure, ya betcha.

I wonder if a ground floor buy-in opportunity is yet available, for when the thing goes public with an IPO, just as Facebook has recently done, (making Zuckerberg not only a wealthy billionaire, but one having liquidity - a place to sell some shares and diversify).

So, who is the innovator and entrepreneur behind this Twin Cities adventure? That is the question.

There is this about that.

I admit I don't catch all the news, but I have not heard much alleging Mike Jungbauer is a big time spender, yet he did the two filings, not a mere single incorporation. Same place in Excelsior, same general business name, but one an LLC and the other a standard business corporation. What's the plan, Dan?

_________UPDATE__________
But wait. There's more.


Wow. Zowie.

How can I buy some shares? What's the price? What terms and conditions? Any restrictions on resale of shares, once purchased? If any reader knows anything - anything about this adventure, please send an email [address on the sidebar] or post a comment.

That firm -- It must be one of those "job creators" that the Republicans are always yammering about. Please let me know. (An email can be sent captioned in the "subject line" as "off the record," if identity or content of communication is something the writer wants to keep private.)


For now the IHS - Infinite Hydrologic Solutions firm appears unregistered in North Dakota, where the oil boom is booming and you'd expect a foreign corporation registration to have been filed:




Also, same registered office address, a contractor:


See, e.g., here. Any info if co-owned? Or doing joint business, anywhere in the US of A, or abroad? Send an email, please.


___________FURTHER UPDATE___________
Checking records of other neighboring states, without any oil boom, yielded no IHS, LLC, nor any Infinite Hydrologic Solutions, Inc. (Nor an LLC with that name) filings in Wisconsin or Iowa. Some partial name overlap was found, but no Minnesota firm's filings (per the Minnesota home-state filings), and the late-2011 timeframe of the Minnesota records.

There are nuances to "doing business" in another state, see, e.g., this Wisconsin page: