If One Owns A Corporation and Trust - How Does One File a UCC-1 Without Conflict of Interest
One should (really must) have three Trustees for each trust. Have one trustee sign on behalf of trust and another person sign as president of C-Corp. This shows there were multiple parties and avoids the conflict of interest issue in court.
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Purpose of the UCC-1
A UCC-1 can be thought of as a financing statement giving notice to the public that the trust (or other entity) has a secured interest in the personal property that is being used as collateral in a secured transaction (via the Private Security ...
What Kind of Tax Return Does One File with LLC, Corporation or Trust
IF IT IS PERSONAL: A Form 1040 is used to report any personal income (consult a CPA to learn which form is right for the situation). One may not need to file for their person if they did any of the following: Redeemed in lawful money all year As an ...
How Does One File A Court Case
If one has a trust already, one can actually file for FREE by filling out a form called Application for Indigency by the Clerk of Court. By filling out this form with all "zeros" one will automatically qualify for free legal services (except ...
There Is A Prior UCC-1 Filed By Myself As Debtor & Creditor - What's Next
A "strawman UCC-1 filing" is considered null and void (ab initio) by most courts. It is seen as "YOU" indebting "YOURSELF" to protect "YOU/SELF" - thus viewed as circular logic. We are not here to argue the points of the Birth Certificate, SSN, SPCs ...
What Penalty Is There for Corporation's Failure To File
Corporations that fail to timely file an income tax return are subject to a penalty of 5% of the unpaid tax for each month or part of a month the return is late, up to a maximum of 25% of the unpaid tax. When there is $0 owed, the maximum penalty ...