I regularly come across stories where large companies like General Electric, Exxon Mobil, Verizon and Proctor and Gamble can get away with such an act.
Lets see how Proctor and Gamble has done it, they recently used a strategy referred to as Morris Trust. Until 19997, a Morris Trust was used as a tax free deal making maneuver. A company would move a business it wanted to unload into a new corporation owned by its shareholders, which was a tax-free transaction.
Once moved another company would acquire the new corporation in a tax free stock for stock deal. Company shareholders would end up with the shares in both the original company and in the buyer of the business being unloaded.
But after a few deals that involved allot of cash turned Morris Trusts into major tax drains. Since then congress has tightened up its rules, loopholes openers begat Reverse Morrises, which require that all shareholders of the selling company end up with a majority stake in the acquiring company. Proctor and Gamble have been able to find buyers, Smuckers in 02 and 08 and Diamond Foods this year willing to do that.
News and Resources for Entrepreneurs and Startups! A view of the global startup ecosystem by Greg Monterrosa. Entrepreneurs and Start ups welcomed
Need Money to Start a Business?
We live in very cool times.Over the years I have found some great resources to helping you start a business. Here are some I have found: (I will be updating this blog post regularly)
Los Angeles, California
upStart.LA is a startup accelerator based in Los Angeles that helps tech entrepreneurs get their business up and going. They offer an intensive three-month program and provide up to $18,000 of seed capital, extensive mentorship and a shared work environment to help entrepreneurs go from idea to product to fundable business.
Austin Texas
Austin Texas is my favorite 2nd city and a great place to start a business.
Capital Factory is an early stage accelerator program for tech startups that provides a small amount of seed capital and weekly mentoring sessions by entrepreneurs who have founded successful companies.
Los Angeles, California
upStart.LA is a startup accelerator based in Los Angeles that helps tech entrepreneurs get their business up and going. They offer an intensive three-month program and provide up to $18,000 of seed capital, extensive mentorship and a shared work environment to help entrepreneurs go from idea to product to fundable business.
Austin Texas
Austin Texas is my favorite 2nd city and a great place to start a business.
Capital Factory is an early stage accelerator program for tech startups that provides a small amount of seed capital and weekly mentoring sessions by entrepreneurs who have founded successful companies.
Entrepreneur Greg Monterrosa was elected by the Pacific Coast Business Times as one of the top 40 up and coming business leaders under 40
Serial entrepreneur Greg Monterrosa was recently selected by
the Pacific Coast business times as one of the top 40 up and coming business leaders
under 40 in the tri-county area for 2011.
This annual award recognizes young, entrepreneurial leaders
in the Tri- Counties. It helps celebrate area business people who are starting
companies, closing big deals, innovating products, working their way up in
business, running a nonprofit and making a difference in their community.
 |
| Greg Monterrosa |
“I am really honored that business people in our area took
the time to nominate me for this award. Helping people create and start
companies is a passion I’ve had for a long time” says Greg Monterrosa.
Some of the companies he has launched include, MyLLC.com,
they are industry leaders when it comes to helping entrepreneurs and startups
get their corporations and LLCs filed. He regularly speaks at film summits,
panels and Universities. His Co-Founder Jennifer Reuting is the author of
Limited Liability Companies for Dummies.
As one of the founders of The Conejo Valley Business Group
he and his partner Karen Cormier help put together some of the Conejo Valleys
best business mixers and speaker series events, throughout area. With over 500
members who consist of local business leaders and professionals, entrepreneurs,
and students, their goal is to help keep business local, and encourage people
to grow their network.
His most recent venture, Evolved Creativity, an idea lab, was
launched out of the desire to help inspire and create a better world. Along
with his partner Josiah Blomquist, they are in the process of launching several
social conscious companies, mobile apps, and events.
The Conejo Valley Business Mixer-Mastermind Speaker Series
Thursday, October 27 · 5:30pm - 8:30pm
Come meet the smartest and most amazing people and businesses, the Conejo Valley, Malibu and Ventura County have to offer!
Our Topics and Guest Speakers are:
Devloping a Strategic Marketing Plan
Harriet Cohen-Training Solutions-Harriet L. Cohen is the founder of TRAINING SOLUTIONS, a consulting firm Harriet has first-hand knowledge of business strategies and procedures, which combined with her training skills offer both the practical and theoretical information needed to excel in today’s marketplacehttp://trainingsolutions-hlc.com/
Social Media for your Business
Mana Tulberg- Mana is the social media architect at SocialCrossroads.com & 805County.com. An advocate for small businesses. -http://socialcrossroads.com/
Everyone is always welcome!
We attract wonderful people to our events. You never know who you will meet!
The Conejo Valley Business Group,was created in 2006 by Greg Monterrosa , co founder of MyLLC.com and Karen Cormier, Director for TEAM Referral Network. We believe in supporting each other and creating a fun space to meet and grow your business partnerships. Get involved, stay connected. We have networking events every month or at least every other month.We are always looking to improve your business skills.
Come meet the smartest and most amazing people and businesses, the Conejo Valley, Malibu and Ventura County have to offer!
Our Topics and Guest Speakers are:
Devloping a Strategic Marketing Plan
Harriet Cohen-Training Solutions-Harriet L. Cohen is the founder of TRAINING SOLUTIONS, a consulting firm Harriet has first-hand knowledge of business strategies and procedures, which combined with her training skills offer both the practical and theoretical information needed to excel in today’s marketplacehttp://trainingsolutions-hlc.com/
Social Media for your Business
Mana Tulberg- Mana is the social media architect at SocialCrossroads.com & 805County.com. An advocate for small businesses. -http://socialcrossroads.com/
Everyone is always welcome!
We attract wonderful people to our events. You never know who you will meet!
Taking Place at The Napa Tavern 101 Westlake Blvd. Westlake Village, CA
The cost for the event is $10.00 pre-sale and $15.00 at the door.
This includes a free drink and appetizers.
Please register at: http://www.meetup.com/Conejo-Valley-Business-Group/
The Conejo Valley Business Group,was created in 2006 by Greg Monterrosa , co founder of MyLLC.com and Karen Cormier, Director for TEAM Referral Network. We believe in supporting each other and creating a fun space to meet and grow your business partnerships. Get involved, stay connected. We have networking events every month or at least every other month.We are always looking to improve your business skills.
Bryan-Michael Cox on Entrepreneurship
QVC Guest Casting in NYC, Philly and DC
QVC, America’s largest multimedia retailer, is currently in search of general versatile on-air Guests and experts in the areas of technology, fashion styling and accessories as well as home design, décor and improvement.. Guests should be in the New York, Philadelphia or Baltimore/DC area and be willing and able to travel to suburban Philadelphia with sometimes very short notice. All positions are P/T depending on the needs of the network. Potential experts should email resume and/or press kit with a recent photo and letter of interest to Casting Director Sean De Simone at QVCguestsearch@gmail.com. Please put City and expertise in subject line. Please do not contact QVC directly.
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