MOSAIC may not be a household name, but they are the world’s largest phosphate mining company. They provide the raw materials that go into the fertilizer that grows the fruit and vegetable products that you consume every day. Last week, they announced plans to lay off over 200 workers from their plant in rural Polk County, FL. You read the headline that a company resorted to layoffs and your logical response is “it’s the economy, stupid.” Good answer, but wrong. It isn’t the economy. It isn’t a lack of demand or resources and it isn’t...

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There was much hullabaloo this week over Apple’s decision to ban all pornographic applications from their app store. Porn-addicts around the nation huddled in Internet chat rooms and decried Apple for abridging their first amendment rights. Over and over again, in all form of media, the cry went up: “1st Amendment, 1st Amendment”. So, as a public service, I’d like to provide here the unabridged text of the first amendment: “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the...

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Of all the taxes and fees that business owners must pay (and there are many), the least understood is probably the tax on tangible personal property (TPP).  In fact, many small business owners don't even know what constitutes TPP.  The confusion is intensified because the requirements vary from state to state.  For example, some states consider certain types of vehicles to be TPP, while others do not.  Some states will tax inventory, while others specifically exclude it. All states do agree that tangible personal property is best described as everything that isn't real property.  Real property is the ground and everything...

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With the Republic of Panama gaining momentum as the preferred offshore banking destination globally, http://OffshoreLegal.org has expanded it’s client services to include Panama bank account creation and incorporation of Panama corporations. The Republic of Panama is noted by financial experts as one of the most secure banking destinations worldwide and currently is ranked at the near the top by industry analysts for offshore banking privacy and security. Panama bank account holders enjoy a number of advantages with regards to privacy protection and asset protection (complex asset transaction) that other offshore banking destinations cannot offer their clients. In the current...

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