Re: Why does the state still stand:

From: IN%"unicorn@schloss.li" "Black Unicorn" 15-MAY-1996 18:59:01.44

For these a company running at a constant net operating loss could be formed to purchase cars for resale (funny how no one ever buys them) and manage property (which no one seems to ever lease).

But won't such a company run into tax problems? In other words, the IRS is going to look with some suspicion on a company that keeps showing no profits (and thus no taxes) but keeps going anyway. They're going to think that the owners are making a profit anyway but concealing it - which is the case. I'm not sure how to handle this one, other than not owning major property (rental et al). -Allen