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Over the last 15 years, we have taken on many assignments consulting for business owners regarding their businesses. Some have involved conflict resolution. We have had jobs where the client would think they wanted one thing and after talking about their business and their objectives and goals, discussing the requirements and resources, and a time line to get there, he/she would decide to go a different direction. We have had business owners come to us wanting to "go public" without a Business Plan, or a Financial Statement. Answering such questions as What does this business do?, Where do we want to be in three years, five years, ten years?, What is our Organizational Plan?, What is our Staffing Plan?, What is our Marketing Plan?, Who are our Competitors?, What are our Strengths and Weaknesses of our business?, What is our Financial Plan? have made the owner of the business take another look and think through such questions as… What is this business all about, Where am I going, and How do I get there?
Pacific States Capital Corporation's offices are just outside Las Vegas, Nevada in Henderson, Nevada. Las Vegas is a great place for a meeting! So, if the meeting is a Directors’ meeting with three people, that's one thing. We could do that meeting in a coffee shop. If we are organizing a shareholders’ meeting for General Electric (which we won't be asked to do), that would be different. We do offer to call directors’ or shareholders’ meetings, officially notice the meeting, monitor the meeting with the company's agenda, supervise, count, and certify the voting at the meeting. We write minutes for meetings. We have done all of these things. Obviously, there is no set price for this! Every aspect of any meeting has to be negotiated as to the task and cost. Factors to be considered are: How many total participants? How big is the space we need for the meeting? How many of our people do we need to provide and what are their roles? Do we need food service? Do we need entertainment? What other services are needed?
Our company also offers Resident Agent services to represent the company for service of process in case the company might get sued in Nevada, and we act as the company's representative in Nevada.
We have formed new entities in many states in the United States. Our favorite state is Nevada; but we have done projects in Wyoming, California, Arizona, Texas, Florida, and Delaware. When we do a project, we do everything required. For a corporation, we write the Articles of Incorporation,and Bylaws, conduct the First Meeting of Directors, issue capital stock to the new owners, do a Stock Register, appoint a Resident Agent, obtain the new Internal Revenue Employers Identification number, and prepare the first Officer and Director Statement to the Secretary of State's office. In the past we have opened new bank accounts for our clients; but due to the new banking regulations, post 911 and the USA Patriot Act, we now only make introductions when asked to, to our bank. The banks now want to see their new customer and have lots of identification information in their files. The U.S. government is concerned about money laundering, funding terrorism, and no doubt tracking everyone's money sources for the Internal Revenue Service (IRS). Our fees for these services depend upon what our client wants. Normally, about $1,000 plus actual costs (state filing fees, postage, delivery services) will cover these initial fees for a new entity.
Some say that the image of an entity is enhanced with age. It is easier to obtain credit with an aged corporation. Some lending institutions will only grant credit, make loans, and give credit cards to other companies after they have been in business for a certain period. In certain contracting situations, a company cannot qualify to bid on contracts unless they have been in business for a certain period of time. Part of that is bonding companies are reluctant to give a bond to a new company. Buying an aged corporation may overcome the objections of a new corporation. Normally, as part of the process, the buyer of one of our aged shells will want to include a shareholder's meeting where they would buy the aged corporation, change the name of the corporation to some other name, and elect new officers and directors for the corporation. We take care of all of these details as part of our service. In purchasing an "aged" entity the buyer will receive 100% interest, unless it is discussed and agreed otherwise.
| Product Name | Date | Price |
| American Patriot Financial Services, Inc. | Apr. 9, 2003 | $7,500 |
This corporation has Federal Income Tax returns filed for all the tax years from 2003 through 2008. The corporation did some business as a payroll service but has done no business since 2006. It has no assets, and no liabilities.
| Product Name | Date | Price |
| Cal-Neva Financial Corporation | Dec. 11, 2001 | $8,500 |
This corporation has Federal Income Tax returns filed for all of the tax years from 2001 through 2008. The corporation only did business in 2001 and 2002 and paid its taxes; and the company has not done business since 2002. The company carried a Wells Fargo Bank account from 2001 until 2008, at which time the account was closed. The company has no assets and no liabilities.
| Product Name | Date | Price |
| Sunbelt Equipment Leasing Co., Inc. | Jan. 1, 2004 | $9,000 |
This corporation has Federal Income Tax returns filed for all of the years from 2004 through 2008. There is a net operating loss carry-forward from 2008 of $10,023. (Tax loss carry forwards can sometimes be tricky). The company has $2,930 in assets as organizational expenses, and no liabilities. The company was in the equipment leasing business in 2004 and in 2008 it sold all of its assets and went out of business. The company purchased several trucks which were financed by GMAC and may be able to use that credit as a reference. The company had accounts at Wells Fargo Bank and a new owner may be able to reference that relationship.
| Product Name | Date | Price |
| National Energy Royalties, LLC | Feb. 3, 2005 | $4,500 |
This Limited Liability Company has Federal Income Tax returns filed for all of the years from 2005 through 2008. All of the numbers are zero. This company was organized for the purpose of purchasing an interest in several oil and gas wells by a group and receiving royalty income from their investment. Everything was done, and our clients decided to do something else. This company has never done business of any kind. It is ready to go! It has no assets and no liabilities.
| Product Name | Date | Price |
| Mogul Enterprises, Inc. | Oct. 17, 1997 | Make Offer |
This Nevada corporation was filed on October 17, 1997. It is a current corporation. It has an early (1997/1998) Federal Tax Return and an Audited Financial statement. The company has never done any business other than to find a merger partner. The corporation has approximately 200 shareholders. In issuing common stock there are two legal Opinion Letters from two different securities attorneys opining that the shares were issued legally. A first draft of a Form 10, to be filed with the Securities and Exchange Commission (SEC), has been prepared, but not filed (The securities attorney who prepared the Form 10 could be hired). There have been discussions with a Certified Public Accountant (C.P.A.) to prepare a zero audited financial statement for the company. We had this corporation sold for $125,000 at one time, (the exact percentage that the 200 shareholders would retain in the new reorganized corporation was not determined in that the equity split had not been determined), and another time we had an 85% interest sold wholesale for $75,000 to an investment banking firm in California where they were using the corporation as a shell for their transaction. They were not able to complete their transaction (which we were not involved in), and the entire transaction fell apart.
While Pacific States Capital Corporation is not a broker / dealer organization, a market maker in any stocks, or a law firm in any state in the United States, and is not an accounting or auditing firm, we do work with all of these professionals. We have this "aged" corporation for sale, and we are looking to do a transaction. We are willing to take a fresh look with a clean sheet of paper and entertain any offer or proposal.