Accounting and Legal Matters

After attending Robert Kiyosaki’s Investor Workshop last August 1, last year, he has stressed one point that can also be found in his book Rich Dad Poor Dad, to build your own team. Where you really need your own Lawyer and Accountant and never make your Lawyer handle accounting matters and never have your Accountant handle legal matters.

Moving the company to Nevada

My company will soon be a Nevada Corp. and will need to be dealing from Nevada and not from California. I will be needing to change the stuff on my company homepage, removing the references to San Diego, California. And probably also from Manila Philippines and just add on the contact us page the offices.

Seeking Legal Advice

I have contacted the practice of Garrett Sutton to help out with the legal matters I might be needing for my company. Gary Sutton is a part of Robert Kiyosaki’s Rich Dad Advisors. After sending them an email and getting a reply and two phone call meetings, I might put up an LLC or an S-Corporation. But as adviced, I should have to talk to my accountant and tax advisor on what would be really ideal for me.

And after going to the seminar of Patrict James on Tax Strategies of the Millionaires, who basically gave a good introduction on Scott Estill’s practice. I then decided to attend the seminar by Scott Estill. Scott’s practice, Tax Strategies and Solutions seems to be one of the best in the country. His firm can serve as the accounting firm and legal firm as well. So If I decide to talk to take him in as the accounting firm that will handle my accounting matters, he might as well do the legal matters as well. Then I have no more reason to talk to Gary Sutton’s practice.

Gary is a Rich Dad Advisor which make us sure, he is top-of-the-line with corporate law. He is often a speaker for Small Businesses which I am sure can help up with my business being a small business. But still needs a separate accounting firm to work on tax matters. Scott’s practice can handle both accounting and legal matters, which is good. Scott was a former trial attorney for the IRS. We are pretty sure Scott really knows the tax law very well. Gary’s book, Own your Own Corporation which is a Rich Dad publication is a good seller and Scotts book on tax: Tax This, was recently named one of the top 5 books on Tax in an article written by Randy Blaustein on the Wall Street Journal. The only advantage I see of having Gary to handle legal matters is his practice is in Nevada while Scott’s is in Colorado and I will be putting up a Nevada Corporation. For sure I need a resident agent and I guess that is Gary’s advantage. But Scott is really good in minimizing tax being an excellent tax consultant.

Well, I still have to contact Scott and will fire him an email and based on his reply, I will decide on where to go to, with Scott’s practice, or with Gary’s practice.

The International Language of Pusoy Dos

I am currently in San Diego, and this place has a bunch of Filipinos. US-born Filipinos and Philippine Born Filipinos.

Some cannot speak Filipino well, others fluent, others can just understand but cannot speak. Some totally grew up here in the US and has not spent any significant long period of time in the Philippines.

One of my colleagues at work brought some playing cards. And we simply decided to play Pusoy Dos which is a Filipino variation of Poker. In the Philippines, Poker is actually boring. And Poker has two variations in the Philippines, Pusoy and Pusoy Dos. And while we were playing Pusoy Dos, some other Filipinos passing by the lunch table just said: What’s that? Is that Pusoy Dos? And we said yeah. And they knew the game by heart and started playing.

I find it funny how this game reaches overseas. It is like a Filipino tradition that is passed on from generation to generation. Since the only way some US-born and US-raised Filipinos can find out about this is from the older generations that pass it down that came from Philippines mother land. I just find it funny that this game is passed down from generation to generation.

I feel good today!

Last wAek, I s@ay up uHtil 3amfor thedays SuHday, MoHday, TuAsday an@ Wednes@ay. AndI wake Ap usualHy at 5:5am so I was ge@ting abIut lessthan 3 Hours ofsleep fIr 4 dayA. And oH ThursdAy and F@iday, Ijust coAld not @o it anImore. 1 3 of ou@ life iA spent Aleepingand my @ractiioH of sleAping li@e span Aas decrAasing aHd just @eally nAeded tosleep. After a 2 hour Aleep whAre I woIe up onSaturdaI, I stiHl had aheavy hAad, andstill mAnaged tI work abit, onprocedu@al stuf@ that dI not reAuire muAh thinkIng. TheH I got A 10 hou@ sleep @his Sun@ay and I feel gIod agaiH! I feeH I can Atay awaIe againfor a wAek! hahAhaha. WARNING rAaders: @o not dI this a@ home. lol*

My Satu@day nigHt laste@ until Aunday mIrning jAst maskIng in PhItoshopˆ thIs pictu@e of baIboo, wi@h leaveA and stAms goinA all ovAr the pHace. MaAking waA tediouA, but Ijust neAded it @or somesite. Ispent a large nAmber ofhours dIing it Ahile liAtening Ro some @odcast
a title “CamronDeen” tqrget=”_@lank” h@ef=”htt@://www.AamrondeAn.com”>Camron Deen has recommended.

Now I got to…

  1. Add the bamboo to the design.
  2. Bill some clients, like Edgar and Drew. Hehe. John is paying on Feb 7, no need to remind him.
  3. Prepare some documentation needed for my phone meeting tomorrow with my lawyer for setting up a Nevada Corporation.
  4. Change some font and make a random picture mast head and header graphic of another client.

It is 5:45pm on a Sunday afternoon and hopefully everything gets done for me to still get good sleep for a Monday morning at work.

I didn’t get to go to Mike H.’s birthday, I was just too sleepy to go. I believe he does not read this blog, he may not even know it exists, but well I’ll just still announce on the blog for Mike, just in case he does see this: Happy Birthday and sorry I was not able to come.

Now, back to work…

Scores dead in game show stampede

From: http://news.inq7.net/breaking/index.php?index=2&story_id=65112

First posted 11:15am (Mla time) Feb 04, 2006
INQ7.net

Subscribe to Breaking News alerts, send ON EXTRA BREAKING to 2207 for Globe, or send EXTRA BREAKING to 386 for Smart.

(2nd UPDATE) OVER 70 people were killed and as many as 201 others were injured Saturday when a stampede broke out at a stadium in Pasig City, officials said.

Vice President Noli de Castro told a news briefing aired live on television that at least 79 people died after thousands of people stampeded into the Philsports arena, previously known as ULTRA, to attend the live broadcast of a popular television variety show by ABS-CBN network.

Health Secretary Francisco Duque was quoted by Agence France-Presse as saying that the total number of fatalities had risen to 71.

President Gloria Macapagal-Arroyo is expected to visit the site of the tragedy later Saturday, her chief aide Eduardo Ermita said.

She expressed sorrow over the incident and ordered all government agencies to extend their full support to the victims.

The cause of the incident is still under investigation. Some officials have said that a person in the crowd had shouted “bomb,” triggering the stampede but survivors and police investigators said it was just the sheer crush of people, surging into a narrow passageway to enter the stadium.

Aside from De Castro, Senator Richard Gordon, chairman of the Philippine National Red Cross and Metro Manila police chief Vidal Querol were on hand early to assist the victims, most of who were brought to the Rizal Medical Center and Medical City.

The stampede erupted at around 6 a.m. as thousands, including those who had been camped outside the stadium since Wednesday, were lined up to watch “Wowowee.”

Television footage showed Army and Red Cross personnel loading the remains of the victims on military trucks.

“We will extend assistance to the victims. We will also look at the liabilities,” Pasig City Mayor Vicente Eusebio said in a separate interview.

ABS-CBN anchor Karen Davila announced on air that the Lopez-owned network was “saddened” by the tragedy and would shoulder the medical and funeral expenses of the victims.

Quoting initial reports, Querol said the stampede erupted after a heckler shouted to the crowd that there was a bomb.

“We are looking at the lack of a security arrangement,” Eastern Police District (EPD) Chief Director Oscar Calderon told reporters.

Bodies covered with blankets were still lying on the street outside the stadium as paramedics prioritized those still alive so they could be taken to hospitals.

A little boy was seen crying over the body of his mother, trying to awaken her.

Relatives of the dead said they were told that tickets to the show were supposed to be given out starting at 6 a.m. By 7 a.m., the restive crowd started pushing and shoving to get inside the gates.

Some were clambering up the roof while others were squeezing their bodies inside the gates that were being opened at times.

As of 10 a.m., hundreds of people were still waiting outside the stadium, apparently waiting for a final decision on whether the show would go on.

“Wowowee” was planning to give away big prizes, including 1 million pesos, a house and lot, and a car for its anniversary.

Show host Willie Revillame, in an interview with ANC television, said he was saddened by the incident. But he said he was still willing hold the show on Saturday noon at the Philsports arena.

Thousands of people were still streaming through the area after the incident, milling around dead bodies and blocking the entry of ambulances.

Discarded shoes and slippers along with broken bottles and food were scattered all around the stadium. With reports from Joel Francis Guinto , INQ7.net; Jocelyn Uy and Luige del Puerto, Inquirer; AFP, AP

Eight-eight dead, 201 injured in stampede at Philippine stadium

From: http://news.yehey.com/news3.asp?c=11&i=139387

2/4/2006 3:00:00 PM
Source : AFP

Eighty-eight people were killed and as many as 201 others injured in the Philippine capital Saturday when thousands stampeded for stadium seats at a television game show, rescuers said.

Red Cross officials said 88 people were confirmed dead while Health Secretary Francisco Duque said the total number of injuries reached as many as 201.

Thousands of people stampeded into the Ultra stadium in Manila at dawn to secure limited seats hours ahead of the live broadcast of a popular television variety show called “Wow-wow-wee” on broadcast giant ABS-CBN.

The show offered a top prize of one million pesos (19,250 dollars).

mm/cgm/mtp

Another email from Lino

Tama. Today’s tragedy at Ultra partly reflects the economic hardship that this country is in – in spite of the economic statistics being shown that we are improving. The statistics are showing half truths. People don’t mind waiting overnight and waiting in long lines – with the hope of winning big prizes from TV game shows, etc. Take a look at how long the Lotto lines are. No wonder that 10% of the total Philippine population have gone abroad and it is the big remittance that is helping to prop up the economy. Lino N.

Wowowee stampede death toll rises to 79

Taken from: http://www.abs-cbnnews.com/topofthehour.aspx?StoryId=29061
National (as of 1:34 PM)

The death toll in the stampede Saturday at Philsport stadium (formerly ULTRA) in Pasig City rose to 79, Vice-President Noli de Castro said.

The figure was announced by de Castro during a press conference at the stadium.

The stampede broke out around 6 a.m. as thousands lined up to get tickets for the popular noontime gameshow Wowowee, police said.

They said the crush at the stadium came when organizers of the first anniversary celebration of the gameshow began handing out tickets to people, many of whom had been camping outside for days.

Some witnesses said chaos erupted when someone in the crowd shouted “bomb,” but others said that people surged forward when guards began giving out tickets at around dawn.

Most of the victims were elderly and were crushed against a steel fence at one gate into the stadium.

“We were happy. We only wanted to have fun and then this thing happened,” Nimfa Santos said on local radio, adding she had been waiting with a group of women. “I don’t know what happened to the others.”

Bodies of the victims were lined up on the street outside the stadium, their faces covered with sheets and blankets.

“My mum died,” Alberto Herrera said on radio. “Please help me. I don’t know what to do.”

Dozens of people were hurt. But Pasig Mayor Vicente Eusebio said he did not expect the death toll to rise.

The noontime show “Wowowee” is one of the most-watched in the Philippines, offering large prizes of cash and merchandise. ABS-CBN Broadcasting Corp. announced that the special airing of Wowowee has been canceled due to the tragedy. The show was planning to give away big prizes, including P1 million, a house and lot and a car for its anniversary.

DZMM also reported that a total of 145 people were hurt during the stampede and are currently confined at the Rizal Medical Center (RMC) in Pasig City.

According to Dr. Tito Marcial of RMC, a total of 10 people are confirmed dead from the stampede in the hospital.

Rescue groups like the Philippine Red Cross have already deployed teams to the area.

A Phillipine Army truck arrived to transport the fatalities to the Arlington Funeral Homes in Pasig City and to the Medical City also in Pasig.

Police said the unidentified bodies were taken to the Arlington Funeral Homes.

A separate DZMM report said that one of the fatalities was identified as one Belen Comia of Sampaloc, Manila. She was identified through her postal ID.

Vice-President Noli de Castro arrived at ULTRA around 10:20 a.m. He declined to grant interviews.

De Castro was in his morning show over DZMM when the news of the stampede was first reported in the station.

The ABS-CBN management had announced it will shoulder the medical and funeral cost of the victims of the stampede. abs-cbnNEWS.com/Reuters