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The Congress Lok Sabha leader Adhir Ranjan Chowdhury has said that PM “PM Modi and HM Amit Shah are migrants from Gujarat who have come to Delhi”. What are your reactions on the statement?

As per leader of Congress party in Lok Sabha Adhir Ranjan Chowdhury, Modi and Amit Shah are intruders (illegal migrants) in Delhi because they have left their homes in Gujarat and live in Delhi.Adhir Ranjan Chowdhury is not an ordinary leader but he is the leader of India’s main opposition party in lower house. This is the same person who questioned Modi Government’s decision to revoke Article 370 because he believe that Kashmir is an international matter. How can such outspoken leader become leader of Congress party when party have many good speakers in Lok Sabha like Manish Tiwari , Shashi Tharoor etc.Yes, Modi Government is right in saying that they would push illegal economic migrants out of country. India is not a dharmshala that anyone can come and live here. India mush send all Bangladeshi illegal migrants back. The templates of Communists, Congress and TMC have been very simple in West Bengal. They encourage Bangladeshi migrants for their vote bank. How can Muslim population of West Bengal go up from 9% to more than 30% in just 70 years?India is a country and our constitution gives equal rights to everyone to live in a state of his/her choice. Modi has been given a house in Delhi by Constitution of India because he won the Lok Sabha election. If Adhir Ranjan Chowdhury is more interested then he should raise the issue of “Italian” origin president of Congress. India has given so much respect and love to Sonia Gandhi that she ran India for 10 years. If Sonia (who is legal citizen of India) can’t be an intruder then how can Modi be an intruder. Even Adhir Ranjan Chowdhury has been provided a house in Delhi. Is he an intruder? Amit Shah is an MP from Gujarat and Modi is an MP from UP the same way Adhir Ranjan Chowdhury is an MP from WB. If Congress has to remain relevant in India then they should stop Adhir Ranjan Chowdhury from becoming another Mani Shankar Iyer.

Is Neo still worth holding?

This is taken from my Insider newsletter yesterday:Both NEO and QTUM took a decent hit due to news coming out of China who issued a new set of guidelines to crack down on illegal fundraising. This is meant, in part, to tackle the shadow banking sector and pyramid selling schemes. It was also mentioned that virtual currency based funding would be a target of investigation. This is where the SEC is going within the US, but the official guidelines haven’t come out yet.Chinese company Red Pulse, who made headlines weeks ago declaring their analytics platform that would be built on top of NEO’s network, released a statement today that they will be banning Chinese citizens from participating!The stance by China and the SEC can be seen as government interference or locking down on cryptocurrencies. I can see how the majority of people within the cryptocurrency world would see that.However, it was clear that ICOs needed to be controlled. Among the few legit companies raising funds for their project or product are thousands of companies simply trying to make a quick buck.Every week when doing research, I’m presented with ICOs that make less and less sense. Most companies raising money through an ICO are basically using the same five ICO templates someone must have created and make a huge amount of promises about how they are going to disrupt something with decentralization. Want to get your dog washed? Let’s use blockchain for that!Do you want to buy a lock of your friend’s hair? Let’s use blockchain for that! I need money so I’m making a fake company to start an ICO. Let’s use blockchain for that! As farfetched as those above examples are, they aren’t far from some of the “real” ICOs coming out.So what does this mean for ICOs and the pair of Chinese giants?Unfortunately, I believe this is going to hinder their growth. Chinese based companies that do not want to comply with the Chinese rules simply can’t offer their ICO to Chinese citizens which is a big deal. Maybe China starts cracking down on any cryptocurrency company within China to comply with their new rules regardless if they run an ICO or not, who knows? At this point it’s too early to tell, but entirely possible.

How does a foreign citizen set up a company in the US with a registered trademark?

The ProcessI don't know much about the IP part, but regarding the US company creation, I've done it four times myself and helped many fellow entrepreneurs do it (disclaimer: I'm not a lawyer). The process is the following:Decide what company type you want to create. Most probably you'll be interested in C Corporations or LLCs.Decide where to incorporate. Delaware is a great choice because of it's tax advantages, administrative and legal efficiency, and because it's investor-friendly and offers good legal protection to founders.Find a professional business service to help you establish your company. If you don’t have time to compare I recommend using Harvard Business Services, since they have the lowest registered agent fees in the market, which are the highest recurring costs business services will charge you after setting up your company. A professional business service will help you with steps 4, 5, 6, 7 and 8 below.Chose an available company name. You can do this for free using some professional business services[Corporations] Decide how many shares to authorize and their par value. The rule of thumb here is to authorize 10 million shares with a par value of $0,0001 or $0,00001 if you think your business is going to scale (e.g., a startup). If you have a small business (e.g., consulting company, web page creation service) you may think of authorizing 5000 shares or less, with a par value around $0.02 or $0.2 per shareFile the certificate of incorporation, in case of a corporation, or the certificate of formation in case you want to set up an LLC. Don’t forget to apply also for an Employer Identification Name, since you’ll need it in order to open a bank accountPrepare the bylaws of your corporation or the operating agreement of your LLC. Use legal templates, like the ones provided in Orrick Practice Group: Start-Up Forms LibraryWhen you get the company papers back from the professional business service, make the incorporator from this business service adopt those bylaws or operating agreement and make sure he’s handed in a written paper the control of the company over to you. This paper is usually called a Statement of IncorporatorOnce your company is created you have to follow some formalities, especially in the case of a C Corporation. Failing to do so can get you into trouble, since a court may then decide to pierce your corporate veil, meaning that creditors of your company could go against your personal assets (e.g, your money, house, car, etc.).To avoid this in the case of a C Corporation, you have to follow the following steps. Whenever I write [Template] it means that you can do this with a template from Orrick Practice Group: Start-Up Forms Library (or from another source).Prepare an Offer to Purchase Stock [Template] and send it to each shareholder in the companyPrepare a Common Stock Purchase Agreement [Template] and offer it to each shareholder in the company.If the common stock purchase agreement contemplates vesting, then it’s very convenient from the tax standpoint that every shareholder files a document that’s called Section 83(b) Election with the Internal Revenue Service before 30 days after getting the shares.Prepare a Stock Ledger [Template] that tells how many shares each shareholder getsAnd then, you can celebrate the Organizational Meeting, which will define the moment when the corporation starts operating as such.Send a Waiver of Notice [Template] for the Organizational Meeting to all the participantsPrepare a Banking Resolution [Template] to be approved at the meeting that authorizes one or more people to open a bank account for the corporation(Optional) Prepare a Shareholder Agreement that regulates how shareholders interact with each otherCelebrate Organizational Meeting and write down its minutes using a [Template]The whole process may look a bit scary, but it's actually not that complicated since legal templates help you along the way.CostsSince you care about money, with a professional business service the company formation costs can range between $200 and $800, and the yearly costs are $50 for the registered agent + a minimum of $175 or $350 of Franchise Tax, depending on the method used (authorized shares vs. par value capital method).If you are a ForeignerThere are some very important warnings you should consider. In this post I've summarized them: Starting your own US Company as a Foreigner.

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