Re: Why does the state still stand:

["E. ALLEN SMITH" <EALLENSMITH@ocelot.Rutgers.EDU>]

From:	IN%"unicorn@schloss.li"  "Black Unicorn" 15-MAY-1996 18:59:01.44

>For these a company running at a constant net operating loss could be
>formed to purchase cars for resale (funny how no one ever buys them) and
>manage property (which no one seems to ever lease).

	But won't such a company run into tax problems? In other words, the
IRS is going to look with some suspicion on a company that keeps showing no
profits (and thus no taxes) but keeps going anyway. They're going to think that
the owners are making a profit anyway but concealing it - which is the case.
I'm not sure how to handle this one, other than not owning major property
(rental et al).
	-Allen