Tricks of the Trade: Structuring Events and Transactions Around a Nonprofit’s Reception of a Charitable Contribution to Mask Conflicts of Interest

By • Eric

This exercise is a demonstration in how charitable donations are channeled through the “Not-For-Profit Industrial Compex.” We will see a donation flow through a series of conflicts of interest which would violate a tax-exempt status obtained via IRS Form 1023.

Note: these four diagrams I made for the purpose of this demonstration are used in a zoomed in presentation further into the blog post.

The Bottom Line:

Upon disbursement of the cash proceeds to an NPO to meet the pledge of a charitable contribution by another business entity, the round-robin begins in terms of the pass through of that very cash within the realm of the Nonprofit(NPO) world and it’s vendors, creditors, donors and beyond. And I am going to show you how charitable contributions made to these tax exempt NPOs generate more than just virtue signaling clout (for donating to “a good cause”) and a tax deduction to be used to offset taxable income for the entity making the donation. The following is a simple diagram of the clockwork-like movement of the cash donation (as you read on, you will be blown away how this – with all of its conflicts of interest) – is achieved through the manipulation of regulatory compliance loopholes that are exploited in a manner to such a tactful, involved degree – that the IRS simply does not have the investigative capacity to detect and investigate conflicts of interest that arise between related parties.

The following diagram is the simplistic summary of the dissection of the anatomy of how this round-robin of the cash donation made by the for-profit entity (earning them an income tax benefit) – how this cash quite literally returns to them during the ordinary course of business operations:

Note here that we have a conglomerate making a donation to an NPO, the NPO has rent to pay, its rent is paid to a separate conglomerate. The first conglomerate – the one that made the donation – performed consulting services for the landlord of the NPO. In essence – the donation has moved in circular direction, right back into the coffers of the source of the donation. The IRS (as well as the Attorney General’s offices at the state level) call this a conflict of interest. This chart is a primer, to illustrate to the reader a simple view of what is at play. I am going to show you the innards; the guts, of how this is pulled off.

Globalization and the Financialization of the US Economy

The business community at large, both Wall Street and ‘Main Street”, has undergone radical, disruptive change at an exponential rate in the last 30+/+ years. Globalization is the term that sums it up best. Through globalization, the world has witnessed the evisceration of the middle class (small businesses swallowed up by the likes of Walmart), the funneling of financial capital poured into and under control of the BlackRock, Vanguard and State Street holy trinity of fuckery, the fiat-based world reserve currency, the USD, rely more and more to its Petrodollar tether -and we have begun to see the multipolarity (China-Russia-Iran-Syria asymmetrical defense against Neo-Liberal policy), the exportation of manufacturing and industry labor from the US to areas across the globe – further erasing America’s middle class.

The global financial system has a billion guns firing rounds at the encroaching outside world attempts to get close to any reform. And the system’s ammunition supply is eternal.

We have also learned (beyond the 2008 financial crisis) of the elaborate schemes of the greedy Think Bernie Madoff ponzi scheme, where some $65 BILLION disappeared in thin air. Then Enron’s labyrinth of subsidiary “variable interest entities” that kept the SEVENTH MOST VALUABLE company on the planet afloat until the charade came crashing down like a lead zeppelin and with it wiped out employee benefit pension funds. It is also of extreme importance to note how Arthur Anderson LLP, Enron’s financial statement auditor, in an aggregation of rogue behavior of which the sum forced the firm (then one of the “Big Five” global public accounting firms) to lose its licenses as certified public accountants in all 50 states here in the US. Funnily enough, the remnants of Arthur Anderson LLP is now known as the global risk management behemoth Accenture (yes that Accenture – one of Klaus Schwab’s “yes men” for the Great Reset project.

The global financial Rabbical class does not face repercussions from the regulatory compliance federal agencies (ie IRS, SEC) as it has continued where 2008 left off – only this time, circa current year, since the likes of JP Morgan, Goldman Sachs, Bank of America, HSBC, Citigroup, etc have adapted to the preferences of Twitter Blue Checks – sponsoring, promoting and injecting charitable contributions into the SJW causes of BLM, LBGTQ+++ and “ESG” (Environmental, Social, Governance) disclosures to their results of operations, much to the delight of the Church of the Woke, to Davos and to shitbags like Chuck Schumer, Elizabeth Warren, Skate, Time Magazine, AOC, GQ Magazine, The View, CNN, Nancy Pelosi, NASA, Code Pink, countless genderfluid queers (since the aforementioned financial institutions human resource policies on diversity mirror the sentiments of the book “White Fragility.”

Globalization has left the world unrecognizable to the eyes of someone from 1954, if that person had a time machine and came to 2021 and saw the delights of Clown World’s Piss Earth and all of its glory. We know these things. The objective of this bog post is to demonstrate little known (to the ordinary people) some of the financial chicanery that is heavily capitalized upon by the global financial philanthro-capitalist elite.

The True Beneficiaries of Tax Exempt Paradigm

Since the financial institutions and private equity firms, in aggregate, through the process of gradualization, have procured enough shares in the companies of the S&P 500 that they have a material ownership in these businesses when viewing this financial mafia as a collective. Classic weapons of momentum based trading are rigged to work in their favor. For instance, speculation, arbitrage, futures, options, other derivatives – the movement of these mechanisms are often driven by a predetermined course of action put in play by the major shareholders, more over, by the institutions that own and operate the financial capital infrastructure that investment activity is conducted upon.

Ownership and Cumulative Voting

An aspect that the the shoddy, shitty, oven-tier “financial reporting” done by the likes of shitlib websites like Quartz, Buzzfeed, Slate, Salon, Mother Jones – how even Business Insider, NY Times, Washington Post, etc – even CNBC Financial News spends very little emphasis on the non-financial advantage that a large stake of ownership of shares in a publicly traded company affords the owners: VOTING – that is, each share represents a vote in the direction of the affairs on the company in a process called cumulative voting. The scope of what types of changes in the direction of a company are decided at shareholder quorums is far too detailed to examine for the sake of this exercise. One of the typical critical outcomes of a shareholder total vote is the appointment of the Board of the Directors.

Primary Distinction: For-Profit v Nonprofit

  • A for-profit business carries out business operations with the objective to maximize shareholder wealth. In a for-profit company, the objective of conducting business operations is to maximize shareholder wealth. Through the cumulative, shareholder voting, the Board of Directors is appointed. Keep in mind that the majority shareholders (who can coordinate alliances with other significant shareholders who share the same vision for the immediate direction of the company both have invested in) a Director can be elected who is actually one of those shareholders or who works on behalf of those very shareholders). Thus we have a consortium of investors with an a shared philosophical vision of how the company partially under their ownership should be run.
  • A nonprofit business carries out business operations with the objective of supporting its “Mission Statement.” The Mission Statement is the formal and specific reason for the NPO’s creation in the first place. The Mission Statement is the humanitarian/charitable/etc cause the NPO is serving. For example, the objective of helping people that are homeless to obtain access to food, medical services, temporary shelter and ultimately a place to call home – this is the Mission Statement of the NPO. The NPO is in operation to achieve the Mission Statement.

More Financial Napalm

To continue, the lesser known yet highly abused financial weapons of Wall Street include the use of insider information, lobbying to persuade and gain political clout, exotic derivatives (which are no different than gambling, frankly). In the private equity realm there are constant hostile takeovers, mergers/acquisitions/divestures, the use of litigation to seize the intellectual property of businesses that are the targets of takeovers. Allow us not to omit the off-shore treasury mechanisms that are employed as standard operating procedure in circumventing income tax liabilities and also in shielding the identities – through a network of dormant corporate entities connected to other dormant entities- the true owners of business operations engaging in questionable business ethics.

Well of course they are! That’s exactly how the financial ruling class became and maintains their stature as the financial ruling class – manipulation of loopholes, bending the interpretation of business laws – this is what the high powered international litigation attorneys are paid for…to protect the actions of the BlackRocks, the Bains and the Boston Consulting Consulting Group from being penalized.

With regards to the weapons of financial capital, the weapons cache has no end.

The Nonprofit Organization (NPO), too is a Weapon of Financialization courtesy of Globalization. How did this happen?

The nonprofit business entity is another one of these weapons, it is well known, that for-profit corporations, wealthy individuals, “philanthropists” will make charitable contributions to tax exempt organizations that will serve the aim of appearing to “support noble causes” in tandem with generating an alleviation of income tax liabilities – “charitable contributions eligible for tax deductions.” It is here that I will illustrate to you a much more potent explosivity that the realm of nonprofit world provides to its participants.

Brief Outline of the Nonprofit (NPO) and Tax Exemption

The NPO gains an income tax exempt status because it is a business operation that is for a charitable cause. The NPO is operating for the common good, therefore, imposing income tax stipulations would hinder the ability of the NPO to serve that purpose.

There is a common misconception that the NPO is “nonprofit” because it does not “make any money.” This is not the case – the NPO most certainly generates profits, however, there are no owners of the NPO. There are no shareholders.

Structuring the Weapon Deployment

In this example, there are three primary business entities involved:

  1. The Charitable Contributor: a For-Profit professional services parent company – the company holds the ownership of two specific subsidiary operations,one a business advisory firm, the other a risk management firm.
  2. Receiver of the Charitable Contribution: Nonprofit Entity (with Tax Exempt status.)
  3. For-profit property investment parent company – the company holds the ownership of three subsidiaries; a real estate holding company, a property management company and a valuation firm.

The above diagram indicates the basic organizational charts and layout of the three entities.

Sequence of Events and Transactions:

In my professional experience as an auditor of the financial statements, it was quite common to see interplay between the different businesses, as one would serve the other in the capacities such as vendor, creditor, client, landlord, etc. I have placed numbers next to each KEY EVENT – of which the first conflict of interest sets in motion a manipulative scheme which intertwines “Related Parties” that ultimately conduct transactions with one another.

Structuring the Rogue Events (arrangements)

The diagram illustrates the flow of events (of which underlying assumptions will be explained below in further detail:

Diagram: Events (decision making capacity shifts, obligations created, contracts executed):

  1. The Property Investment conglomerate owns and operates it’s three subsidiary operations. The subsidiary of focus here is the Valuation Co. The underlying assumption is that each specific operation has its own Executive Management group, which answers to the Board of Directors at the parent level. An Executive from the Valuation Firm is appointed to the Board of Directors of the the Risk Management subsidiary of the Professional Services Conglomerate.
  2. The Board of Directors makes the broad based decisions about the best direction for the business entity to take. This includes decisions about Charitable Contributions – if to make them, to which Nonprofit to make them to, the amount to donate, etc. It is not a secret that nepotism plays a most significant role in terms of which NPO is selected as the beneficiary of a charitable contribution. Two benefits realized by the donor by making the donation are:
    • Income Tax Deduction for the fiscal year.
    • Virtue signaling clout by supporting charitable cause.
  3. In the example I have illustrated, we have see that the management executive of the Valuation Co has joined the Board of Directors of the Professional Services Conglomerate. With nepotism a factor, with persuasive efforts, this Executive has gotten the Board of Directors to make the charitable contribution to the particular nonprofit. The process here will include alot of back channel communications – in order to avoid documentation of the gleaming conflict of interest that will arise from the following arrangements.
  4. The grant letter with the pledge to make the grant can contain a provision that the proceeds of the grant must be used for the rent of office space for the NPO. This is a temporarily restricted form of revenue for the NPO.
    • It is, again, during the back channel communications that there is a determination made in advance that in order for the NPO to recieve this charitable contribution, it must sign a lease agreement for office space with the subsidiary “Real Estate Holding Co”
    • Notice thru the direction of the red arrows that the Executive from the Valuation Co (subsidiary of the Property Investment Conglomerate Parent Company) had been instrumental in bringing this deal into the fold.
    • The major conflict of interest is that he is on the Board of Directors of the company making the charitable contribution. A stipulation of the use of the cash disbursement that will come from the contribution is that the funds must be allocated towards the eventual lease payments made for office space – office space owned by the Real Estate Holding Co, which is owned by the same parent company as the Valuation Co. the Executive comes from!!!
  5. Finally, there is a consulting agreement entered into between the Property Management subsidiary of the Property Investment Parent Company and the Business Advisory firm of the Professional Services Parent Company making the charitable contribution.
    • The flow of the charitable contribution to be transacted in the first place (due to the Executive from the Valuation Co presence on the Board of Directors of the Risk Management subsidiary of the Professional Services Parent Company ) is going from the Professional Services Parent Company, to the NPO, to the Real Estate Holding Co – a subsidiary of the Property Investment Parent Company.
    • The consulting agreement has the Business Advisory Firm performing services for the Property Management subsidiary of the Property Investment Parent Company (which through the consolidation of subsidiaries into the parent company, is in essence the recipient of the rents received from the NPO).

The following diagram is the path of the cash proceeds – once disbursement of the charitable contribution has been made. The path of the cash proceeds follows the same route as the preceding events(arrangements) only green arrows are used to designate the fact that cash is now on the move.

Finally, we see that the entity that made the charitable contribution has not only wound up as an ultimate beneficiary of the arrangement – having cash it donated having a destination within the very coffers of the point of origination. We also see that the contribution itself generated an income tax benefit (taxable income deduction) that will be able to be utilized at the time of filing the annual income tax return.

Conclusion: all three top level entities benefit:

  1. Property Investment Conglomerate:
    • Procures Board of Directors position on a major Professional Services Conglomerate’s upper echelon. This is the type of networking that allows for the type of related party transactions with glaring conflicts of interest to persist and persist – to the point they become normalized and overlooked by the regulatory compliance outfit designed to prevent these arrangements (the IRS).
    • In having it’s Real Estate Holding Co have one of its properties rented out by the NPO, this covers the costs associated with the operation and the attainment of the equity in the office building (we assume there is a mortgage being paid on the office space).
    • By leasing office space to the NPO, it is scoring it’s virtue signaling clout hosting a “worthy cause” – which in the world of NPOs, curries good favor with the potential of procuring other NPO tenants in the future.
    • The services rendered by the Business Advisory Firm of the Professional Services Conglomerate enhanced the operations of the Property Management subsidiary, resulting in another value add.
  2. NPO (Tax Exempt):
    • The NPO has established a relationship with a new charitable contributor, which is the most vital aspect to the going concern. The NPO is reliant upon grants, contributions, donations and minor service fees earned as forms of revenue to carry out it’s mission statement for the fiscal year.
    • The tendency in the realm of NPOs is that once serious For-profit business operations are making charitable contributions to an NPO, it is a rule of thumb that in the future more and more reputable entities will take an interest in the making charitable contributions as well (and keep in mind the clandestine inner-deals arranged by the parties involved – THIS IS THE MOST ATTRACTIVE FEATURE OF THE NPO! THE ABILITY TO STRUCTURE ROGUE FINANCIAL TRANSACTIONS UNDER THE GUISE OF CHARITY!!!)
  3. Professional Services Conglomerate:
    • What more needs to be said here? The company made a charitable contribution (which as a bonus has afforded them a year-end income tax deduction) – the cash proceeds went round robin and through the structure of subsidiary operations and consolidation of the operating results of those subsidiaries – the charitable contribution disbursed by them literally went round robin and wound right back in their pocket.
    • All the while, they earned the virtue signaling clout, they learned the racket inside and out and to top it off they will get an additional income tax liability reduction at year-end.

These types of arrangements exists throughout the entire NPO world. It is a subject rarely ever discussed – for many and most of the current “Fortune 500/Davos” types are in on it ….not just in on it….they pioneered this craft.

Made in America. Meticulously planned and carefully executed inter-related events and transactions that purposely manipulate and abuse the landscape of the tax exempt business world.

The ride never ends….

The Proper Way to Create Your Own Business Entity

My background professionally has included twenty years of doing this (one decade in public accounting and private equity, a second decade with my own small business advisory practice that runs hand in hand with my work in network security. I am qualified to give this advice I strongly urge that anyone that is contemplating forming their own business entity to seek professional advice of a Certified Public Accountant (CPA) that works in the business advisory capacity or an attorney that is active in mitigating small business matters.

It is with full confidence the advice here is prudent, conservative and appropriate.

Scenario: You are currently a Yoga instructor, a construction contractor, a landscaper, a blogger even. You have found yourself in the gig economy. You have your own business operation.

To some it seems exotic to incorporate/form a formal legal business entity – a Limited Liability Company, LLC, or a Corporation. Some do not consider it entirely, for good reason too. Your livelihood is as a tradesman, not someone who deals with back end, bureaucratic filing of paperwork.

It is with my own business acumen that I apply this philosophy when I gauge a scenario a client is facing: What is the worst case scenario for this business? And what must be done to safeguard against the fallout from the realization of a worst case scenario?

The reason I advise clients that have their own business operations underway in the form of a sole proprietorship, to organize a bona fide business entity, is for that worst case scenario. This is done in order to insolate and isolate yourself, the person, from your business activities, the business operation, to the furthest extent available. The worst case scenario you face is being sued. All businesses face this reality. When you have insolated and isolated yourself apart from your distinct business operations, you have provided multiple layers of protection in the event of the worst case scenario.

An example of a worst case scenario? This is extreme, however it serves a purpose:

  • Joseph is a carpenter, who also has experience in handling HVAC, plumbing and electrical work. Joseph has been contracted by Unit A to install a skylight in the foyer of Unit A’s building.
  • Joseph completes the installation of the skylight, to the delight of Unit A.
  • Joseph is paid in full for the job.
  • One week after the job is complete, a storm in the form of small Klaus Schwabs raining down like frogs and lightning like long and hooked, like a Bloomberg, strikes the skylight, slicing right through it.
  • The Schwabs make way into the foyer, flooding the foyer within the timeframe of a cocaine-heartbeat.
  • The insurance surveyor comes the next day and deems the cause of the incident as an improper use of glass for the skylight. Furthermore, the insurance adjuster states that the overall installation was under par; was not built to properly repel a Schwab storm.
  • The insurance company is now coming after YOU.
  • And this is why it is imperative that you have insolated and isolated yourself apart from your business activities: without doing so, you directly can be sued to the extent of the very last of your own personal net assets.
  • When a business entity is the business activity, the business entity is sued to the furthest extent of it’s net assets. Unless it is an act of gross misconduct/malicious intent/wilful act of harm – you, the person, and your family, have been spared of legal ramifications as well as your household finances.
  • It is imperative to form a business entity to absorb the affects of a worst case scenario.

Steps to Organize:

Step 1 • Choose a Name (for your formal business entity):

For instance, Joseph the carpenter above, may opt for the name “Joseph’s Craftsmanship.”

Step 2 • Choose Entity Type:

I advise strongly to organize an LLC, a single-member LLC, when you formally organize your business operations under the bona fide business entity. The reasons for doing so are quite simply:

  • There is much less record keeping in the form of assets, records, books, materials and in-house corporate filings/documentation that is needed.
  • In the event that you find a potential business partner, or partners, it is far easier to wind-up (in essence, terminate), your single-member LLC, or to expand it to have multiple “managing members”, to draft and enact an operating agreement, etc.
  • When compared with the processes and procedures a corporation, or S-corporation call for, the LLC is clean and involves minimal compliance.

Step 3 • Obtain Taxpayer Identification Number:

You will assume now, the business entity will be called Joseph’s Craftsmanship. The formal name once you put the LLC into effect, will be Joseph’s Craftsmanship, LLC.

You must obtain a federal employer identification number, aka EIN, aka FEIN, aka taxpayer number, for the formal business entity.

Form SS-4 is the official form used to obtain the EIN. Most all acquisitions of EINs are done via the IRS website. This is another thing – when “obtain IRS EIN” is punched into Google, there are a flood of search results which are NOT the official IRS website. These companies purposely lure people in to begin the process to obtain an EIN. And I know for a fact these companies make the process of formally organizing your own single-member LLC seem like learning Chinese, from a Dutch textbook, taught by a Russian speaking instructor. These are the types of poisonous, predatory consulting firms/business advisory firms/law firms even – that should be outlawed. However, these businesses are at the heart of the engine of capitalism. (Let’s not get me started, the point is, avoid these online jackals, no matter what.

This is the official link to Apply for an EIN.

The website, at the time of this blog post, looks like this (I am using Google Chrome Browser, on Android, on a Pixel 4a – this is the mobile view):

Once you have completed the SS-4, you MUST save a pdf copy, print a physical copy to enter into a file of organizing documents – we shall call it your Entity Records for the purpose of this explanatory entry.

Step 4 • Organize:

(which is also called “incorporate,” however, I am sticking with the term organize for people make the obvious association of incorporate with corporation – and we are forming a corporate entity, we are not forming a corporation.)

Organize here means to prepare and file a Certificate of Organization with the Secretary of State within one of the fifty states in the United States. I am located in Massachusetts, where the official filing of an LLC is called a Certificate of Organization.

There is basic, straightforward information that is entered into the Certificate of Organization. The aforementioned predatory consulting firms will make this seem like organ replacement surgery. It is not that complicated when you are completing the filing for your own business operations.

The criteria you will use includes the following:

  • The name of the business (matching the name used on Form SS-4, Obtaining the EIN).
  • The name (your name) of the single member.
  • The address of the business entity.
  • The date the business entity
  • The general nature of business operations to be stated in the appropriate section. In the case of Joseph Craftsmanship, LLC, it would appear to this effect:
    • Joseph Craftsmanship, LLC primary business operations are in carpentry, managing construction projects and assisting it’s clientele with finding the appropriate resources to complete more complex building jobs. The business may also take part in any other lawful business activities in the Commonwealth of Massachusetts.

Step 5: Obtain DBA Certificate, aka “Doing Business As”:

This step is highly recommended to perform. The formal business entity, Joseph Craftsmanship, LLC may wish to advertise using the name “Joseph Craftsmanship” – omitting the LLC in the name. Or, an entirely different trade name may wish to be used in advertising, for instance, “Joe’s Crafty Work” – used in the place of the long form business name.

This is legal to do as long as you procure a “Doing Business As” certificate. In the municipality in which the LLC is located, the official address of the LLC as cited on your Certificate of Organization, visit the town/city hall in that municipality. There, you will apply and obtain the DBA Certificate by bringing your Form SS-4, Certificate of Organization and a means of payment.

It is customary that the cost of the certificate will be between $25 to $150, some municipalities may cost more. However, the validity of the DBA Certificate lasts for between two to four years.

This is a proper step to undertake, for the matter of doing good, prudent business, is the intention of this advise.

Step 6 • Make Customers/Clients Aware of New Taxpayer Identification Number via IRS Form W-9:

Working in the capacity of an independent contractor, it is commonplace that compensation is paid in a pre-tax amount. After the end of the tax calendar year, the client issues you a 1099-MISC which will report the total amount that the client paid you over the tax year. It is important that going forward, the client is acknowledging that your business operations are contained within a newly created taxable entity.

Form W-9, Request for Taxpayer Identification Number and Certification, is the form the client is supposed to issue you when requesting your taxpayer number. Once you have created your new business entity, submit a new Form W-9 to the client. This is an important formality in the spirit of insulating and isolating yourself apart from your business.

Step 7 • Open Commercial Checking Account:

At this point, you now have procured the following:

  • Form SS-4: Taxpayer Identification Number
  • Certificate of Organization
  • DBA Certificate

It is now imperative that as checks, electronic payments and otherwise are made to the order of the LLC directly, or perhaps will be made to the trade name (DBA) you are using, you must open a commercial bank account as this is where payments should be deposited to.

The same applies here if you have a PayPal account. One should be opened to conduct business from.

It is advisable to visit the bank in person. You are the sole member of the LLC, as will be made clear on a completed and filed Form SS-4 as well as contained within the Certificate of Organization. Verifying your identity is required. Your drivers license or government issued identification will be needed to open the account.

Using the commercial bank account:

  • Deposits of any physical checks received
  • Destination of any electronic payments received
  • Utilize to make payments for any and all costs encountered going forward in the ordinary course of doing business.
  • In doing so, this will be advantageous when it comes time to performing the accounting for the business.
  • It is quite commonplace that those that have organized their business entity forgo performing bookkeeping over the course of the operating cycle (calendar year). However, at the very minimum, the income, expenses, member contributions and distributions are now being facilitated from one source, a source that is under the technical ownership of your business entity.

Step 8 • Obtain a Commercial Business Insurance Policy:

This is imperative. Ordinarily I will advise clients that this should be the first expense incurred by the LLC. The objective of this entire process has been to insulate and isolate oneself apart from their business activities, so that in a worst case scenario, in a court of law, the maximum preemptive safeguards have been carried out which establish the firewall we are aiming for.

Depending upon the nature of your business activities, if you have a vehicle – many factors – this will determine the components of the commerical liability insurance policy.

  • Professional liability coverage
  • Commercial property coverage
  • Employment practices liability coverage
  • Commercial crime coverage
  • Commercial auto coverage
  • Errors and omissions coverage
  • Commercial general liability coverage

An experienced insurance agent will be instrumental in obtaining the appropriate policy and coverage.

Remember, this is done for the purposes of insolation and isolation from a worst case scenario.

The most thorough steps to insolate and isolate have been achieved at this point:

  • Name of business entity
  • Taxpayer identification number
  • Certificate of organization for LLC
  • “Doing Business As” (D/B/A) certificate
  • Commercial checking account
  • Insurance policy