Grow at Delaware farm

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Growing on a farm in Delaware has been for me a wonderful and rewarding experience.

I grew up in an area where a couple of dozen seven & # 39; ads on the area of ​​hundreds of square miles involved in the conduct of marriage, married, and had a stable community for centuries, along Delaware, one in the north of Lyuesa.

In his early youth, I grew up on a farm, where we had 33 cows, 18 we milked twice a day, 3 horses, some chickens, 60 acres of corn, hay and pasture. It was a farm that owned my grandparents on his mother. The churches were barns, tractors, long hours and Sundays. We grew corn, hay and pasture. We had a large garden and several fruit trees. We hunted, fed and grew what we ate and used in most cases. We ate the duck, goose, pigeon, muskrat, fish, crabs, shells, groundhog, mustard greens, collars, garlic, onion, persimmon, cherry, wild strawberries, blackberries, figs, mint, carrots, herbs and wild spices. .

We had a lot of beef, chicken, milk, cream and our own homemade butter, and at least two kinds of handmade soap. We cooked on the wood that is well warmed house. I slept under blankets and feather beds, which were more than a hundred years. We had a little furnace but coal was expensive, and it was only during the coldest times. We also had electricity and telephone. We lost and shelled corn, some of which we traded to neighbors for pork, veal or turkey.

I lived on the farm of my grandparents and my great-grandmother lived with us. Grandmother and great-grandmother were occupations at school. I listened, taught and encouraged to read several hours a day. The house was filled with old books and I was the only student in their home. In the attic were books submitted to the family of the 1500s and since. We lived on the earth, some of the pieces that are in our family & # 39; and in the ownership of hundreds of years and is now shared with thousands of acres into small pieces. We lived in the same way as the people who lived on farms in the late 1800s and early 1900s. Nevertheless, we had a phone and TV, neither of which has not been used much.

My grandfather taught me a lot; milked cows by hand and machine, and more. I dug up a ton of unkempt manure, fed the cows and horses and learned to carpenter, make tools, and repairing things. I learned to do and keep it. I learned how to clean the harness, brings a pine resin from the sap of local trees and mix it with beeswax to handle home linen thread that was used to harness the amendment. I learned how to do surgery on small animals such as castration, depletion and, at least once I helped pull an infected tooth of a cow. I learned to do my knife in 4 years. 5 I went to the old Ford. At 6, I was able to drive a tractor and a truck. 7 I could work all day in the field, he ran the biggest tractor, which had a dad.

Dad bought the adjacent farm when I was five, and then bought a few more adjacent or nearby farms and forest, as it became available. He is, after all, and had shot more than 3000 hectares until I left the farm. We lived well from the careful work of the Pope and his advanced techniques.

My grandparents were not very modernized. The pope, too, was not an ordinary person for their time. He was 20 – 50 years ahead of his time in agriculture. When I began to study, I helped to father's farm. By eleven I worked at least 20 hours per week during the school year, often 40. By age 12 years has summer weeks were typically 60 or more hours, and sometimes more than 100 hours. I tried to go from 120 to 130 hours a week for the extra money. Many nights I slept in the mud, in the field, to avoid a dream home, so that I could earn more money. I learned to fall asleep for a few seconds and be able to, and dressed to work less than four minutes, when the house was asleep.

Summer time, when there was no school and I paid for the long hours I worked – I have brought considerable income even at a low hourly wage. I saved most of it. I did not have much time or opportunity to spend it. As a teenager, I made more, many months than some grown men of our area, and I had very little expenditure. We did not work all the time, but we like to work. I do not remember those who did not want to work. I arranged to do the most difficult and least popular work, mainly to export hay and smoked. Complex tasks give me safety. On Sunday we went to a small village church, which is founded and built our family & # 39; I was on the farm. We worked hard and loved the work, and the life that it earned us!

Dad, ahead of his time, had smoked, the high density performance, unsustainable agriculture, planes for spraying crops, and enjoy all the modern experimental devices and techniques that were available or are being tested. In my youth I used to the fact that my father was either on the cover of a magazine almost every month, it seemed. Some of the things he helped pioneer 30-40 years ago, have become common and normal, and some are more common later.

Dad grew his farm from nothing, and by the time I was a teenager, he was involved in more than 3,000 hectares in an effort to profit from economies of scale and mechanization. Until the 70s, small farmers often earn significantly lower wages. He rented thousands of acres of agricultural land, but had many hundreds of hectares of cultivated land.

Of course, I do not have agriculture, in which I grew up. We are a few years too late decides to sell most of our agricultural land for development, if the government decided to make walking farmers, farms and agricultural products. First I went to the domestic market of agricultural products from one harvest after another, and then to the international market with corn, wheat, soy and Russia and China – where our government contracted to feed the USSR and China for decades of our agricultural products. This contract agreement multiplied the need and value of US agricultural products.

The smell of diesel fuel in some cases it may be the smell of life. I do not like the smell of it either, since 7 years, I downloaded a lot of it in our tractors and burned a long time, when I went to these tractors. This is probably some sort of illegal activity that allows children to work on the farm today. Before there were the events in the air was more diesel. Now the tractors have gone for the most part. And they are rarely awaken people who are picking up after the road. Our democratic interests do not allow any production here in Sussex so we have no high income support base. The greatest time we have – it's banking and shopping places. In addition, we have a self-employed, who are waiting on tables, minimum wages and incomes, which are produced in the production, and it is not usually agriculture. We have a few, a very few people who were able to stay here and serve the interests of the non-state. Few are those who are still engaged in farming, and those who have any other income, extreme government subsidy with our tax dollars, and quickly leave.

Copyright 1999-2005 by www.JodyHudson.com

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Limited Liability Company in Delaware

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Delaware – this place is located in the US. Delaware is often known as a haven for offshore tax. The question is, why it is necessary to open a company in Delaware? The reason is very simple. You can open a company in Delaware according to the original fee of $ 89.00. The annual tax is paid, is also 60.00 dollars in most cases. A Delaware company which is sometimes called a Delaware offshore company or a Delaware companies for non-residents – are those in which income tax is not levied on the business operations and the benefits received outside the United States and the members of which a & # 39 are US-resident foreigners . Cost of doing business as a corporation Delaware also fully accessible.

Next, and the best reason for registering a limited liability company in Delaware is that Delaware law allows you to separate the personal funds of the company's assets. If someone has to invest his own personal property in your business, it will take full responsibility for the loss of its assets. Separation of personal property from business property helps you to protect your personal belongings. This is easily done by using the legal form, a Delaware limited liability company. Litigation Delaware laws allow you to plan how your business.

Stable legal platform: Delaware has a separate business court, which is known as the Court of Chancery. It's not like other courts, in which judges are elected. Chancellor of the Delaware Court does not use a jury, and the appointment of judges is carried out only on the merits. Decisions of judges submitted a written statement. Thus, DE relies on a lot of written legal precedents.

This makes it a very unique system and gives you a very stable platform for work. In other words, the rules are very clear and you can easily find out about the rules, which you need to act. Despite the growth of the business, the Court reserves the right to change the rules, based on popular moods. The Registrar of Limited Liability Company in Delaware receives a large percentage of its revenue from registration fees. This is the only reason that this is such a good center of gravity for the companies.

Some of the benefits include both LLC in Delaware listed in a nut shell, with & # 39 are:

– He has a large set of business laws, which causes a reduction in the number of claims filed.

– Because the Court is based on the written decision, so they are very easy to follow and very transparent.

– recommended legal textbooks related to corporate business Delaware law. They even used to teach students of jurisprudence because of a well-written legal opinions.

Thus, there are many advantages of creating your company as a limited liability company in Delaware, especially as the offshore company carrying out business activities outside the United States. Moreover, sixty percent of the Fortune 500 US public companies, sixty percent of US companies that are listed on the NYSE, and seventy percent of the US IPO state-owned companies registered in Delaware. Thus, Delaware – a very good place, if your limited liability company registered in Delaware.

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Statutory funds of the State of Delaware

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Dalavera confidence Charter (usually called DST) – is, as the name implies, a legal entity established as a trust under the laws of the State of Delaware. DST is created for investment in real estate and is particularly useful in the exchange in 1031.

In accordance with the DST, investors have their own proportionate share of DST. DST, in turn, has the ownership of the various interests of the estate and distributes any profits derived from the property (or the income from the lease or sale of property) to investors in proportion to their ownership interest in DST.

DST, due to its signatory who signs himself, makes all decisions relating to any property that preserves trust, releasing investors from that responsibility. One of the important things that should be noted about the DST, with & # 39 is that trust is not considered taxable organization, so any gains or losses are transferred to investors confidence.

When it comes to Exchange 1031, the IRS has determined that any beneficial interest in DST treated as identical to the immediate interests of the real estate. This means that the properties of the DST, the stored DST, are fully responsible for one thousand and thirty-one exchanges, if the other requirements of such exchange also performed.

For investors who do not seek the responsibility for the daily management and decision-making related to real estate holdings, the DST can be an excellent choice.

advantages of DST

One of the main reasons why investors are so interested in the acquisition of interest in DST, with & # 39 is the convenience of ownership s & # 39; yuryzavanay estate. However, DST brings other benefits to the investors.

It eliminates the requirement of unanimous approval

In contrast to the structure of public ownership (TIC), DST does not require the unanimous permission of all the investors to make decisions relating to property. For example, if economic conditions require a quick sale of real estate parcel that stores DST, authority that decides on the list or selling real estate, lies in the subordinate subscriber DST, rather than investors themselves.

Limited personal liability

Due to the "remote from bankruptcy" of each DST, individual investors have limited liability in respect of their personal assets. In case of cancellation of DST and bankruptcy, the individual investor the most at risk to put it into a trust. trust lenders restricted from reaching any other assets of any investor.

ordered funding

In order to finance the purchase by the loan agreement, the lenders consider DST as a single borrower (rather than each individual investor to study carefully). This makes financing easier and cheaper. Just as the individual investor is not subject to critical scrutiny, participation in the agreement on the application does not affect his personal credit rating.

to the lease loan requirements lifted

Since the rights of the investor exchange contracts are limited only by obtaining a distribution, and the investor has no authority to vote related to the daily activities for individual investors liquidated rigging fraud. Any creditor refers only to the trustee, who signed this document, or to the investors of these provisions.

Low minimum investment

DST is allowed up to 499 individual investors, allowing the minimum amount of investment to be significantly lower than the TIC (which only allows up to 35). This allows investors with less investment still participate in the joint ownership strategy for investing in real estate.

Risks with DST

DST offers the investor many advantages that are not found in other types of real estate investments. However DSTs is not without some risk – as well as any other contributions.

One of the biggest risks that need to be taken into account – it is the hope of the investor program for investment management. In contrast to the total rental space (TIC), where individual investors have a direct word DST investors refuse from daily decision to sponsor the program. This means that if the program sponsor will take unwise decisions, or become insolvent, the DST may refuse without a significant contribution of individual investors.

Also, as with any investment, there are tax-related risks associated with the use of DST for the purposes of a thousand and thirty-one exchange. Although DST is often ideal for this purpose, there are no guarantees when it comes to the IRS. There is always a chance that the IRS will not approve the structure of the DST or the specific exchange 1031.

Although the benefits of DST, as a rule, exceed the risk, it is advisable to have a thorough understanding of both in deciding to participate in DST.

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