Using An Offshore Corporation and Bank Account : The Basics

Originally posted on Tax Haven Guru:

London Tax Haven - where the world's wealth co...

London Tax Haven – where the world’s wealth comes to hide (Photo credit: London Permaculture)

A Brief Summary of Our Services:

We combine strategies to secure you an incorporation ( International Business Corporation or IBC) in a selected low or no tax jurisdiction.Not all jurisdictions meet the needs of all clients.Our clients are from nations around the world but generally seeking tax relief and avoidance of government cupidity.

We recommend a bank(s) – in another jurisdiction- this can be corporate, personal or both.

We can provide wealth management services – 31 % return in 2013 – and this at a 1% fee plus a bonus only payable if we achieve a minimum of 8 % ( as at November 2014).

We can provide asset protection via trusts ( more important to some clients than others).

Royalty and Intellectual Property Licences – we can provide the contracts and jurisdictions to duplicate…

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BlackBerry Jumps on Samsung Lifeline for Mobile-Business

BlackBerry Ltd. (BBRY) shares advanced after the struggling smartphone maker announced a management-services partnership with rival Samsung Electronics Co., the first time the companies have teamed up for a major product.

The stock rose as much as 6.9 percent to $12.05, the highest intraday price since August 2013, after the plan was announced. Samsung’s Knox system, which offers a suite of secure work applications, will run on BlackBerry’s new server, known as BES12, the companies said in a statement today.

BlackBerry is holding an event today in San Francisco to unveil the server, which helps businesses manage devices and communicate securely. The partnership, which competes against an alliance of International Business Machines Corp. and Apple Inc., allies BlackBerry with one of its biggest rivals in the growing mobile device management market. Apple and IBM announced an agreement in July to work together on business services, sending BlackBerry’s stock down 12 percent in one day.

“People probably didn’t expect to see these two companies on the same stage, at least not willingly,” John Sims, head of BlackBerry’s enterprise services business, said at the event. “We need to be able to provide a breadth of choices and do that with companies of the highest level.”

Photographer: Hannah Yoon/Bloomberg

BlackBerry Ltd. Chief Executive Officer John Chen.

Since taking over the Waterloo, Ontario-based company a year ago, Chief Executive Officer John Chen has focused BlackBerry on business users and outsourced some device manufacturing. Partnerships seem to be the next step in his plan to return the company to profitability by 2016.

Earlier this week Chen said he had met with the heads of Chinese smartphone makers Xiaomi Corp. and Lenovo Group Ltd. and was interested in partnerships to expand in China.

Investors have supported Chen’s turnaround plan, pushing the stock up 51 percent this year through yesterday and putting it on track to beat the Nasdaq Composite Index for the first time since 2009. Ontario Teachers’ Pension Planincreased its holding in the company to 1.6 percent as of Sept. 30, according to a Nov. 7 regulatory filing.

Family Dollar Stores Target Price $ 74.50

FDO : NYSE : US$77.75
HOLD 
Target: US$74.50 

COMPANY DESCRIPTION:
Family Dollar operates over 8,000 retail discount stores
in 44 states, providing a merchandise assortment
including consumables, home products, apparel and
accessories, seasonal goods, and electronics.
Merchandise is generally sold for $1 to $10.
Consumer & Retail — Specialty Retail
RAISING PRICE TARGET TO $74.50,
IN LINE WITH DEAL PRICE DESPITE SOFT Q4
Investment recommendation
We continue to move closer to the completion of the acquisition
of FDO by Dollar Tree (DLTR : NASDAQ : $56.70 | HOLD). In
early September, the companies accelerated the expected
timeframe to the end of November, compared to the initial
schedule of early 2015. We are raising our price target to the
deal price of $74.50 (which includes $59.60 in cash and $14.90
in stock). We would take a much more positive view on the
combined entity as it would create an instant market-share
leader with over 13,000 stores and annual sales of $18B. We
think DLTR’s superior merchandising organization and greater
store consolidation than what was included in the companies’
initial outlook would drive annual synergies above the $300MM
the merger is expected to generate by year three.
Investment highlights
 Dollar General is still in the picture. DG extended its
$80/share tender offer to 10/31, but FDO remains confident
this combination would not receive antitrust approval.
 Q4 EPS missed our estimate by $0.07, but shares should
continue to trade on the potential acquisition. FDO reported
Q4 EPS of $0.73 on SSS +0.3% on top of flat. Gross margin
was 90bps below our forecast, and there was 16 bps more of
SG&A expense deleverage than we had anticipated.

Travel Schedule / Meeting with Clients – Sept .17 – Returning Sept .29

Current Fixed Dates / Cities

September:

Halifax ,Nova Scotia Canada Sept. 21 2014

New York City,NY Sept. 27 , 2014

October

Vancouver, Canada Oct . 11, 2014
Seattle, Washington Oct. 18 , 2014

Cost $199 all inclusive

One hour ( one on one)
Please reserve by email to info@jackbassteam.com OR
Call Jack direct at 604-858-3202

Please email or call to arrange individual appointments – other than the named cities.
All email will be answered after . Sept. 30

In the same way that I urge investors to use an adviser I too have a business coach.  I complained that my performance of a 31% gain in 2013 was not gaining me the respect or new clients to which I thought I was entitled.

He challenged me :
a) I was not ” entitled ” to anything more than I earned by performance
b) My performance allowed me to guarantee an annual 12 % return or I will forfeit the 1 % annual fee and the 20 % performance fee.

The Challenge – a guarantee of a minimum of 12 % for your annual investment return

Investors and pensions need efficient methods to screen, research, perform due diligence and monitor managers in their quest to deliver returns. They need to know the data they are using is accurate and fresh — and represents the best options available worldwide across every asset class. They must take into account their own assets and liabilities and the impact to portfolio risk while screening strategies and tracking exposures. They also need polished reports and presentations to provide evidence of a sound, inclusive selection processes for regulators and committees.

Placing these decisions in Jack A. Bass Managed Accounts removes the work from your hands to ours .

Meeting the Challenge

Jack A. Bass Managed Accounts offers a comprehensive suite of solutions for screening and monitoring, as well as risk assessment leveraging the data of the most important databases. In fact, 89% of surveyed clients agree that Jack A. Bass Managed Accounts helps them save their time during the due diligence process, while 75% of pension clients agreed .

The answer to When? – is always NOW ! – not tomorrow.
Contact Information

Information must proceed action and that is why we offer a no cost / no obligation inquiry service if you are not already a client.

Email info@jackbassteam.com OR

Call Jack direct at 604-868-3202 Pacific Time  10:00- 4:00

Same time zone as Los Angeles

Gordmans Stores BUY More then a double BUY

GMAN : NASDAQ : US$3.96
Target Price $ 9.00
COMPANY DESCRIPTION:
Gordmans Stores is an everyday value price retailer
offering merchandise up to 60% off department and
specialty store prices. The company operates nearly 100
stores in 20 states, located in multiple shopping center
formats including regional shopping malls, lifestyle
centers, and power centers. The merchandise
assortment consists of apparel, home fashions, and
accessories including fragrances.

Consumer & Retail — Specialty Retail
WE AWAIT IMPROVED Q2 PRODUCT AS AGED INVENTORY HAS BEEN CLEARED
Investment recommendation
GMAN generated a Q2 loss of ($0.16) per share, in line with our
estimate and a penny below consensus. As expected, the
company spent the bulk of Q2 clearing out stale inventory ahead
of H2. The higher level of markdowns resulted in 95bps of yr./yr.
gross margin contraction in Q2, which did not come as a surprise
to us. We believe this was necessary to make room for an
improved product assortment, including the recent launch of a
Missy contemporary department. Gross margin should begin to
recover in H2 as better product rolls into stores. We believe SSS
will be slower to rebound, however, and we are lowering our Q3
SSS forecast to -5% on top of -6.1% versus our prior flat estimate.
This pushes our Q3 EPS estimate from $0.02 to ($0.09). We
continue to believe GMAN’s long-term recovery potential is not
reflected with shares trading at 0.2x C2015E EV/revenue.
Investment highlights
The appointment of department store veteran Andrew Hall
as CEO should bring some stability to GMAN. Hall spent six
years at Stage Stores, including a run as CEO from 2008-
2012, and 13 years prior at May Department Stores.
We are reducing our price target from $10 to $9 based on
our DCF model. There is still notable turnaround risk here,
but we believe investors will be paid for their patience.

Judge rejects $324 million tech hiring settlement

jackbassteam:

Apple, Google will have to set aside more money for a final settlement

Originally posted on Fortune:

A federal judge in California has rejected a $324.5 million settlement in an antitrust case targeting the hiring practices at tech giants Apple, Google, Intel and Adobe Systems.

U.S. District Judge Lucy Koh ruled Friday that the “total settlement falls below the range of reasonableness” in a three-year old class action brought by a group of tech workers who alleged that the group of companies had colluded to bring down Silicon Valley salaries by agreeing to not poach each other’s workers.

The two sides agreed to settle the case in April after the companies produced emails showing executives at various companies discussing no-hire deals with their counterparts at other companies. But they denied claims that they conspired to keep down wages.

However, Koh said in her order Friday that the four companies must add more than $50 million to their settlement proposal – at least $380 million – in order…

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Jack Bass on Exit Coach Radio July 10 10:40 a.m. Pacific Time

I just wanted to let you know that I will be a Guest on The Exit Coach Radio Show on July 10 at 10:40 a.m.. I will discuss several tips and ideas for you to use in your business planning, so I hope you will listen in. There is a “LIVE SHOW LINK” at http://www.ExitCoachRadio.com that you can use to tune in. Thanks

Business Credit Services

please call me to see how I can assist in helping your clients obtain the financing they need.

Below are some program features for our line of credit that I want to share with you. In addition please note that we offer equipment financing with terms from 2-5 years. Rates are about 7-14% on these.

Line of Credit/Loan Product Features:
Up to $2,000,000 available on lines of credit
Terms up to 2 years
Interest Rates: 2-2.75%/month
Approval amount is typically 9-11% of gross annual sales
Very flexible with credit (no open BK’s)
Tax Liens, Foreclosures, Collections and Judgments OK
Premium Programs available for excellent credit applicants
Payment Options – Daily or Weekly ACH available
Approvals within 24-48 hours
Funding within 5-7 days

Documents Needed along with application:
6 months of most recent Business Bank Statements
Page 1 of Business Tax Return to verify gross sales
4 months of Merchant Statements (*if you accept credit card sales that is)

for a no cost / no obligation review please email info@jackbassteam.com or call Jack direct at 604-858-3202 9;00- 5:00 Monday to Friday( same time as Los Angles)

Lululemon’s founder, advisors considering a buyout

jackbassteam:

If the pants fit …

Originally posted on Fortune:

Lululemon Athletica’s [fortune-stock symbol=”LULU”] founder Dennis “Chip” Wilson is sniffing around options to take the company private, people with knowledge of the matter said Wednesday.

Wilson has met with private equity firms, including Leonard Green & Partners, to explore his options, although no deal is currently in the offering, according to a report in The Wall Street Journal.

The premium required to buy out the $6.3 billion company would be a major roadblock to taking the company private, according to industry insiders. But Wilson’s efforts show he is grasping for control over how the yoga-gear company is run.

Wilson stepped down as CEO in 2005, and then bowed out as chairman in May. He has since been critical of Lululemon’s strategic direction and voted recently against the election of its new chairman and another director.

Wilson’s beef with the board has been ongoing, and nearly six months ago Lululemon talked with…

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US Economy Adds 288,000 Jobs in June

The US economy added 288,000 jobs in June, latest figures from the Bureau of Labor Statistics have shown.

The unemployment rate dropped to 6.1%, its lowest level since September 2008.

That figure beat analysts’ expectations and is an encouraging sign for investors and policymakers after disappointing growth in the first quarter of 2014.

Economists blamed harsh winter weather for a 2.9% annualised decline in US economic output from January to March.

Employers added more workers than projected in June and the unemployment rate fell to an almost six-year low of 6.1 percent, underscoring a brighter U.S. labor market that will help spur the economy.

The addition of 288,000 jobs followed a 224,000 gain the prior month that was bigger than previously estimated, Labor Department figures showed today in Washington. The median forecast in a Bloomberg survey of economists called for a 215,000 advance. The number of long-term unemployed Americans fell to 3.1 million, showing they’re having greater success finding work.

A rebound in the economy after a first-quarter slump is encouraging companies such as Ford Motor Co. (F) to add to staffing levels, laying the groundwork for a pickup in wages needed to further propel consumer spending. More employment opportunities will probably keep Federal Reserve policy makers on the path to gradually reduce monetary stimulus.

“The labor market kicked into a higher gear in the second quarter,” Ward McCarthy, chief financial economist at Jeffries LLC in New York, said before the report. “You really have to look at the post-first-quarter data, and that’s looking pretty good. Even housing is showing improvement.”

Photographer: Patrick T. Fallon/Bloomberg
SolarCity Corp. is adding 400 people a month at the rooftop power-system installer.
Stock futures fluctuated, after benchmark equity gauges extended records yesterday, after the report. Futures on the Standard & Poor’s 500 Index expiring in September rose less than 0.1 percent to 1,968.4 at 8:39 a.m. in New York. Equities markets close at 1 p.m. today before the Independence Day holiday.

Service Employment

Factories took on the most workers in four months, while payrolls at private service providers climbed by the most since October 2012.

The number of people out of work for 27 weeks or longer — the so-called long-term unemployed — decreased as a percentage of all jobless to 32.8 percent, the lowest since June 2009.

Payroll estimates of 94 economists in the Bloomberg survey ranged from gains of 145,000 to 290,000 after a previously reported 217,000 advance. The unemployment rate, which is derived from a separate Labor Department survey of households, fell to the lowest since September 2008. It was projected to hold at 6.3 percent, according to the survey median.

Revisions to prior reports added a total of 29,000 jobs to overall payrolls in the previous two months.

Jobless Claims

A separate report from the Labor Department today showed little change in the number of Americans filing applications for unemployment benefits last week, a sign that employers are limiting dismissals.

Jobless claims rose by 2,000 to 315,000 in the week ended June 28. The median forecast of economists surveyed by Bloomberg called for 313,000 claims. Economists’ estimates ranged from 305,000 to 325,000 after an initially reported 312,000 in the week ended June 21.

In June, applications for jobless benefits ranged from 313,000 to 318,000. Fewer firings typically foreshadow an acceleration of job growth.

Figures from the Commerce Department showed the U.S. trade deficit narrowed 5.6 percent in May to $44.4 billion, helped by record exports. The value of petroleum imports was the smallest since November 2010.

Private Employment

Today’s payrolls report showed that private employment, which excludes government agencies, rose by 262,000 in June after a 224,000 gain the prior month.

The so-called participation rate, which indicates the share of the working-age people in the labor force, held at 62.8 percent.

Help-wanted signs at concrete company Kent Cos. is one indication of an improving labor market. Warren Buffett’s BNSF Railway Co. plans to grow by 2,100 positions in 2014. SolarCity Corp. is adding 400 people a month at the rooftop power-system installer. At Ford Motor Co., hiring is so strong that the automaker predicts it may beat a 2011 plan to bring on 12,000 new workers by 2015.

That’s because of stronger demand for automobiles. Cars and light trucks sold at a 16.9 million pace in June, the strongest since July 2006, after a 16.7 million rate in May, based on data from Ward’s Automotive Group. Deliveries at General Motors Co. and Ford, the two largest U.S. automakers, exceeded analysts’ estimates.

First Quarter

Recent strides in the labor market underscore the economy’s snapback from a first-quarter contraction. The economy shrank at a 2.9 percent annualized rate from January through March, the biggest drop-off since the first quarter of 2009, the Commerce Department reported last month. Consumer purchases grew at the weakest pace in five years.

Gross domestic product probably bounced back in the second quarter and will expand at an average 3.1 percent rate in the remaining two quarters of 2014, according to the median forecast in a Bloomberg survey conducted June 6 to June 11. Household purchases are also expected to improve, it showed.

Recent data are consistent with the outlook. Factories, propelled by the strongest orders of the year, sustained gains in June and are poised to be part of the rebound, the Institute for Supply Management’s manufacturing report showed this week.

Businesses paring their workforce include Key Technology Inc. (KTEC), a Walla Walla, Washington-based maker of food and material processing automation equipment. The company said it will reduce about 8 percent of its global staff as it remains “vulnerable” to ups and downs in its markets.

Factory Hiring

Today’s Labor Department’s payrolls report also showed factory hiring increased by 16,000 in June. Employment at private service-providers jumped 236,000. Retailers took on 40,200 employees.

Average hourly earnings rose by 0.2 percent for a second month, to $24.45 in June from the prior month, and increased 2 percent over the past 12 months. The average work week for all workers held at 34.5 hours.

Fed Chair Janet Yellen said last month that she expects consumer spending will continue to grow at a “healthy rate,” in part as bigger income gains materialize.

“My own expectation is that as the labor market begins to tighten, we will see wage growth pick up some,” Yellen told reporters on June 18 after the Fed’s policy meeting. “If we were to fail to see that, frankly I would worry about downside risk to consumer spending.”

Yellen’s dashboard of job market progress spans nine measures, including payrolls, the jobless rate, underemployment, labor force participation, and the share of long-term unemployed workers. It also monitors the job openings rate, layoffs and discharges, the hires rate, and the quits rate.

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