whole Board meeting by video conference/phone, what location is recognised as corect?

[adcpanama]

Hey Guys,

If all directors attend a board meeting via electronic means/Video conference, assuming 2 or more, where have they actually met, what location should be recorded on the minutes and can be stated legally?

The Location the meeting was set to take place more than 30 days ahead of time?
Where the sectary taking the minutes is located... If at the address set 30 days or more ago as the meeting location?
Where the sectary taking the minutes is located... Even if not?
The Location of the Server they are all connected to if via internet?
The Location of the number they are all connected to if via phone?
The location/country where the most number of directors are?
The country they are physically standing in... if all in the same country, diff regions, not the same room obviously.

Or somewhere else???

Thanks In Advance Guys.

[EdBowers]

I strongly doubt that something would regulate any of your questions.

In general, in Panama you want everything to look as local as possible. Otherwise the bankers and such can feel that they no longer know their customer.

[adcpanama]

Thanks for the reply, but it doesn't help me at all, the banks that will be used already enjoy a nice relationship with all but 1 of the intended directors, so I can't see that as being a problem.

That doesn't answer the question though, it's a question for any business in any country really, if all members attend a board meeting by means other than physically, what location has the meeting taken place at?

The answer determines the companys Place of strategic Control & Management, and as such it's possible liability to Taxation in other jurisdictions than incorporated.

Anyone else care to jump in?

[Juanita99]

Thanks for the reply, but it doesn't help me at all, the banks that will be used already enjoy a nice relationship with all but 1 of the intended directors, so I can't see that as being a problem.

That doesn't answer the question though, it's a question for any business in any country really, if all members attend a board meeting by means other than physically, what location has the meeting taken place at?

The answer determines the companys Place of strategic Control & Management, and as such it's possible liability to Taxation in other jurisdictions than incorporated.

Anyone else care to jump in?

Thanks for the review - I've been looking at them as well. Good luck with your system, it looks to be coming along pretty well.
meilleur taux credit immobilier simulation en ligne deFrance Simulation credit immobilier. crédit
immobilier de France. Selon un article des Echos du 5 mai 2009, « le dernier spécialiste du
créditmeilleur
taux credit immobilier simulation en ligne de France

[Contrail]

Top of my head, the British Inland Revenue nailed someone for using a credit card on a Turks and Caicos company which was maintained and administered for him on the Islands by nominees. They got a ruling that the company was actually being run from the U.K as he lived there, transmitted the instructions to nominees from there by whatever means electronic or otherwise and was therefore the driving force behind it.

The corporation itself was not subject to any local taxation but the U.K. resident was subject to UK taxes on the capital and the income he derived from it.

Just a stab in the dark.

[Juanita99]

Thanks for the reply, but it doesn't help me at all, the banks that will be used already enjoy a nice relationship with all but 1 of the intended directors, so I can't see that as being a problem.

That doesn't answer the question though, it's a question for any business in any country really, if all members attend a board meeting by means other than physically, what location has the meeting taken place at?

The answer determines the companys Place of strategic Control & Management, and as such it's possible liability to Taxation in other jurisdictions than incorporated.

Anyone else care to jump in?

Top of my head, the British Inland Revenue nailed someone for using a credit card on a Turks and Caicos company which was maintained and administered for him on the Islands by nominees. They got a ruling that the company was actually being run from the U.K as he lived there, transmitted the instructions to nominees from there by whatever means electronic or otherwise and was therefore the driving force behind it.

The corporation itself was not subject to any local taxation but the U.K. resident was subject to UK taxes on the capital and the income he derived from it.

Just a stab in the dark.

Thanks to the article, Now there is more reason to comment than ever before! Everyone should participate. I am incorporating what your wrote to our project!
meilleur taux credit immobilier simulation en ligne deFrance Simulation credit immobilier. crédit
immobilier de France. Selon un article des Echos du 5 mai 2009, « le dernier spécialiste du
créditmeilleur
taux credit immobilier simulation en ligne de France

[gosgirl]

That doesn't answer the question though, it's a question for any business in any country really, if all members attend a board meeting by means other than physically, what location has the meeting taken place at?



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