Re: [AlpacaTalk] AOBA subsidiary
There seems to be some mis-conception that AOBA has suddenly, magically
begun turning some extraordinary profit, resulting in "surplus funds". No
new "for profit" company was started. A corporate entity, Alpaca Livestock
Company was formed to encompass three existing enterprises.
Magazine, F&RG and the auction at Nationals.
There is no new money. Just your friendly local IRS wanting income tax on
the money generated by Alpacas Mag, F&RG program and the auction held at
Nationals. So, there is no "surplus funds" to "give back" to members.
Matter of fact, there is LESS money now, as IRS now gets some. The function
of the Alpaca Livestock Company is to provide an official accounting point
for the portion of activities and transactions within the realm of AOBA
which the IRS deems taxable.
We are on Dish Network and have seen several (AOBA) commercials this month,
one as recent as 2-3 days ago. We have not seen an ILA commercial for some
time, but we usually see them nearly as often as AOBA spots.
Tennessee corporation records are, like many states, available on-line.
Alpaca Livestock Company is "owned" by the Alpaca Owners and Breeders
Association. AOBA members are just that, "members", not "owners" of AOBA,
thus they do not "own" Alpaca Livestock Company, either. Wholly owned
subsidiary companies do not issue stock certificates, as there are no
"shares".
Income tax liability could be avoided by AOBA by merely stopping publication
of Alpacas Magazine, discontinuing the F&RG program, cancelling the auctions
at Nationals and ceasing TV ad purchases. Since we can't afford the TV
spots ourselves, we prefer that AOBA continue the aforementioned activities,
even if some portion of the funds involved are subjected to income tax.
Jess
Jess & Cookie Bowers
Acres of Love Alpaca Ranch
Acres of Love Alpaca Transport
11006 N 92nd East Ave
Owasso, OK 74055-6531
(918) 327-3519
Fax (918) 272-0969
WWW.Acresoflove.
----- Original Message -----
From: "Stardust Alpacas" <stardustalpacas@
To: <AlpacaTalk@yahoogro
Sent: Saturday, December 29, 2007 1:55 PM
Subject: [AlpacaTalk] AOBA subsidiary
>I am not a member of AOBA so this topic does not
> apply to me directly, but since AOBA affects the
> entire industry, it does concern me as an alpaca
> owner.
>
> 1. Why did AOBA start a for-profit company instead of
> giving money back to the members in some way, or
> lowering prices for shows, magazines, or memberships?
>
>
> 2. Why couldn't AOBA give the surplus money to the
> affiliates, the Alpaca Research Foundation, or more
> advertising? Honestly, I haven't seen an AOBA
> commercial in at least a year.
>
> 2. Are all the AOBA members listed as owners of the
> Alpaca Livestock Company business records?
>
> 3. Will the Alpaca Livestock Company be issuing stock
> certificates (since it is not owned by just a few
> people) and giving dividends to its owners?
>
> I am sure that there will be more questions once these
> are addressed, but these are some initial concerns of
> mine.
>
>
> Thanks,
>
>
> Stephanie Zeleny
> Stardust Alpacas
> Creswell, OR
> 541-895-0964
> stardustalpacas.
> stardustalpacas@
> stephanie@stardusta
> As for advertising, I have not seen an AOBA commercial
> in at least a year. I do see "I love alpacas.com"
> commercials once in a while, but never AOBA
> commercials.
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posted by Chaddo at 3:12 PM
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