From: IN%"unicorn@schloss.li" "Black Unicorn" 20-MAY-1996 22:30:15.23
Ask every state which has such reporting requirements (which is every state in the union).
If you wanted to form an offshore corporation you'd have to form an exempted one.
IIRC, there was some discussion of some form of blind trusts a bit back... it was used under English common law to enable stuff before the actual invention of corporations. The ownership of the stock of such an offshore company by one or more such trusts might get around such problems, especially if the trusts had those (very interesting) flight provisions I believe you mentioned a bit back.
That would clearly change the analysis.
RE: making a profit. Well, yes, it is a pretty good argument that you aren't just going for lack of liability, since that's part of what corporations are _for_... -Allen