Companies and corporations
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Noffo
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« on: October 17, 2005, 05:28:38 PM »

I've been toying with this structure in my head and thought I would put it out for public comment.

I don't know how the corporate structure is defined at LiftPort, Inc. but I notice that's the only one that says "Inc.". If I were structuring it, I would have clearly defined corporations for each of the companies.

LiftPort Group, Inc.
LiftPort Research, Inc.
LiftPort Robotics, Inc.
LiftPort Nano, Inc.
LiftPort Media, Inc.
LiftPort Finance, Inc.
LiftPort Real Estate Trust, Inc.
and LiftPort Investment Trust, Inc. (a 503c corporation).

Each corporation would have it's own directors and goals. Each should have it's own profit centers.

  • LiftPort Group, Inc. would hold 100% of the shares of the subsidiary companies.
  • LiftPort Research should create and patent and license any necessary designs and processes for the group.
  • LiftPort Robotics does what it's name implies, building and marketing robots.
  • LiftPort Nano, again, does what it's name implies, producing and marketing nano products.
  • LiftPort Media produces and sells media related to the LiftPort group of companies. They also sell advertising and produce media revenue. They also hold any copyrights and trademarks.
  • LiftPort Finance does what it's existing intent is.
  • LiftPort Real Estate Trust holds all the real estate and leases it to the other companies within the group.
  • LiftPort Investment Trust would be an angel investment firm providing research capital related to the industries complementing the LiftPort group of companies. As a 503c corp, any profit centers within the group would have a charitable tax deduction for donations to this organization. This organization could, if approved by the directors, offer angel financing to even LPResearch which could be used in applying for grant matching funds.

This would offer the most protection of assets and technology. Should one company start making excessive amounts of money, it would simply declare a dividend and the parent corporation could reinvest that into another subsidiary.

Well, that's it in a nutshell. Any thoughts?
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Frank
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« Reply #1 on: October 18, 2005, 12:58:41 PM »

Quote from: Noffo
LiftPort Group, Inc. would hold 100% of the shares of the subsidiary companies.
...
Well, that's it in a nutshell. Any thoughts?

LiftPort Group only owns a portion of each of the LiftPort companies.  I suspect that this is so others can invest in the individual companies.  As each of these companies show a potential for profit (or a real profit) that company becomes a better risk and can generate more investment capital sooner than the parent company can.  It is likely that a potential investor will be convinced that one company, liftport nanotech for instance, is a sound investment even though that investor is skeptical that an SE can be built.
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Noffo
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« Reply #2 on: October 18, 2005, 02:53:59 PM »

True... I was distrcated when I wrote that part (my wife's arm was swelling up from some bug that bit her and I had to take her to the hospital). LPG should own 50%+1 to maintain controlling interest with the exception of LiftPort Investment Trust, Inc. which would have to be run as a completely seperate entity to avoid antitrust issues.
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mlaine
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« Reply #3 on: October 20, 2005, 08:43:20 AM »

the plan is to maintain a percentage of the spinoff companies, however, they should/must be able to stand on thier own.  each of the (currently) brands, will be spun off as thier own seperate company.  an investor has already gotten involved with JUST LPNanotech, that has no interest or belief in the space elevator.  they just want us to make money and make the best nanotubes we can, and eventually, sell off all, or a portion of that company.  my gut tells me it will be a dow, or dupont, or 3m or something like that.  too soon to tell, but thats what i think.

take care.  mjl
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Michael J. Laine
President - LiftPort Group
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