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Originally posted by mryanbrown
Ignorance? Most people think they need a drivers license to travel despite supreme court rulings to the contrary. Just because he isn't actively participating means nothing. He cries Constitution does he not?
Where in the Constitution does it say people who hold office must incorporate?
A DUNS Number: What it is and why you need one
Along with all the federal, state, and local government filings on the "starting a new business" checklist, don't forget to apply for a DUNS number. What's a DUNS number you ask? DUNS, or more accurately "D-U-N-S", stands for "Data Universal Numbering System". It's a unique nine-digit number assigned by Dun and Bradstreet, Inc. ("D&B") that identifies your business in their database. It has nothing to do with any government entity and is not required to start a business, but if you ever plan to open trade credit accounts with major vendors or suppliers, it will serve as the linchpin of that effort.
One of the best tools for delaying cash outflow of any cash-strapped, or new, retail business is the trade credit available from suppliers. Trade credit is one part of the process to build business credit. It is an open account with a vendor who lets a retailer buy now and pay later.
Many suppliers may require the first order to be paid by credit card or C.O.D. (cash/check on delivery) until the business has been deemed credit worthy. Once it is established that a business can pay its bills on time, it is possible to negotiate trade credit and terms with suppliers.
The Bankruptcy of The United States
United States Congressional Record, March 17, 1993 Vol. 33, page H-1303
Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:
"Mr. Speaker, we are here now in chapter 11..
Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a
coroner's report that will lead to our demise.
It is an established fact that the United States Federal Government has
been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1,
Public Law 89-719; declared by President Roosevelt, being bankrupt and
insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 - Joint
Resolution To Suspend The Gold Standard and Abrogate The Gold Clause
dissolved the Sovereign Authority of the United States and the official
capacities of all United States Governmental Offices, Officers, and
Departments and is further evidence that the United States Federal Government exists today in name only.
Originally posted by mryanbrown
I think the real problem here is people are dismissing it entirely because it's an attack on Ron Paul.
All hail Zoltan!
Seriously, stop being so subjective. Oh so having a DUNS number means you aren't necessarily a business whoop whoop.
Can you tell me what "traded as" means?
Please? Spend some research on explaining...
WHY DO THEY HAVE TO BE LISTED OR TRADED AS OR REGISTER FOR THIS OR THAT TO HOLD OFFICE...
I don't remember seeing any documents with "Traded as GEORGE WASHINGTON"...
Get it? Wasn't required back then, which means it isn't required now. Which leaves me wondering, then why are they doing it...
Erase "Ron Paul" from your mind and look at it with clear eyes.
Originally posted by DJW001
Dun & Bradstreet is a resource for companies doing "due diligence" before entering a contract with another company. "Trading" in this case simply means "doing business under the name." Any entity that can enter a contract with another partner is, by Dun & Bradstreet's reckoning, a "business." So, let's say you own a pizza place in Washington DC. You get a phone call from the concierge at the capitol for seventy five pizzas. Naturally, you think you're being hoaxed and demand a credit card number first. The concierge explains that he can get a check cut if your business can provide a counter-party Purchase Order, ie, extend them some credit. Before you start on the paperwork to establish a PO account for Congress, you check out their credit rating at D&B. That simple. As to why Ron Paul? I dunno. Maybe he orders a lot of pizzas.
Originally posted by ProtoplasmicTraveler
Except that very few people would worry about the Congress which is the United State's Treasury ability to pay them back.
In fact I can't think of anyone who would base their decision to extend credit to the United States Government based on a credit rating by Dunn and Bradstreet.
The government's ability to pay it's bills is virtually insured by the taxpayer's who fund it!
I have done business with over a half a dozen congressional offices extending to them tens of thousands of dollars in services and never once did the thought ever cross my mind the United States Treasury which cuts the checks wasn't going to be able to afford to.
It doesn't explain why politicians are incorporating along with the over all institution.
Not just their office of but the entire institution?
Trustee is a legal term for a holder of property on behalf of a beneficiary. A trust can be set up either to benefit particular persons, or for any charitable purposes (but not generally for non-charitable purposes): typical examples are a will trust for the testator's children and family, a pension trust (to confer benefits on employees and their families), and a charitable trust. In all cases, the trustee may be a person or company, whether or not they are a prospective beneficiary.
You have to actually apply for the DUNS number
It's a number and listing you have to APPLY FOR
if you don't explicitly apply for a DUNS number, one will eventually be created for you whether you like it or not (unless you do business under a rock), but it's better to go ahead and apply for one to get the ball rolling.
...But like I mentioned, your business will get a DUNS number assigned to it sooner or later anyway, so there's really no place to hide.
Headquarters
A headquarters is a business location that has branches or divisions reporting to it, and is legally responsible for those branches or divisions. If the headquarters is more than 50 percent owned by another corporation, it will also be a subsidiary. If it owns more than 50 percent of another corporation, then it is also a parent.
Branch
A branch is a secondary location of a business. It has no legal responsibility for its debts, even though bills may be paid from the branch location. It will have the same legal business name as its headquarters, although branches frequently operate under a different trade style. A branch may be located at the same address as the headquarters if it has a unique trade style and unique operations. In such cases, the branch will appear to be a duplicate of the headquarters record.
What if the U.S. HQ (Federal Government), is a subsidiary of another, perhaps foreign-owned, corporation? That would explain much, imo.
These are: Your business must qualify as a small business under the SBA standards. For more information, read Registering with the SBA as a Small Business. 51 percent of your company must be owned by citizens of the United States of America The principal location of your business must be located within a HUBZone 35 percent of your employees must live within the area of the HUBZone The SBA awards HUBZone contracts according to regulations set up by FAR. The three basic HUBZone contracts awarded are: (1) competitive contracts, (2) sole source contracts, and (3) full and open competition contracts.
To be a qualified HUBZone small business concern a company must: be a small business : be owned and controlled only by US citizens : have the "principle office" located in a HUBZone : have at least 35% of the company's employees residing in a HUBZone (doesn't have to be the same HUBZone as the company's principal office) : be certified by the U.S. Small Business Administration
Originally posted by ADVISOR
I read the first pages,and then this one. I have to agree, that there is no big deal about the DUNS, heck I have one of those and a GACE code as well.
The difference, as ProtoplasmicTraveler pointed out is, that unlike most people doing business, they are doing it as the actual entitity of the government in which they represent.