SEC filings....

[2manymustangs]

They're probably a LLC, LLP or Sub S, all are flow throughs. No payroll taxes, in fact no tax withholding at all but quarterly ES payments.


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They are a LLC based on the filings... so they can do the ES payments and still be private with privately held shares in the corp? I don't follow that sort of thing closely...

[HB Vic]

They are a LLC based on the filings... so they can do the ES payments and still be private with privately held shares in the corp? I don't follow that sort of thing closely...

Yessir


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[C-2]

It looks like they have sold securities/interests in the company to the public, but they are not a "public company."

https://www.sec.gov/info/smallbus/secg/formdguide.htm
https://en.wikipedia.org/wiki/Form_D

LLC can have owners, members, and managing members. Untangling these types of ownerships interests is generally not possible since they have no reason to disclose their inside operations to the public. Often times the only people who truly know the ownership interests are the owners themselves.

You might be able to find UCC Filings and recorded documents at the county recorder level in Chicago to uncover ownership interests; usually financing documents and their signature blocks will disclose the type of interests. For example, the loan might be in the name of "abc llc", and you find the companies who signed the docs are actually "def Inc." and "ghi inc" as members, or managing members (of abc llc), etc., etc.

You can throw tons of time at it....

[C-2]

And I forgot to add, just for you 2MM.....LMGTFY

[2manymustangs]

It looks like they have sold securities/interests in the company to the public, but they are not a "public company."

https://www.sec.gov/info/smallbus/secg/formdguide.htm
https://en.wikipedia.org/wiki/Form_D

LLC can have owners, members, and managing members. Untangling these types of ownerships interests is generally not possible since they have no reason to disclose their inside operations to the public. Often times the only people who truly know the ownership interests are the owners themselves.

You might be able to find UCC Filings and recorded documents at the county recorder level in Chicago to uncover ownership interests; usually financing documents and their signature blocks will disclose the type of interests. For example, the loan might be in the name of "abc llc", and you find the companies who signed the docs are actually "def Inc." and "ghi inc" as members, or managing members (of abc llc), etc., etc.

You can throw tons of time at it....

And I forgot to add, just for you 2MM.....LMGTFY

you got me there C-2

TY for the insight, that is what I was wondering up front, IF someone knows/understands all of this MUMBO JUMBO... I know there are UNLIMITED avenues/rabbit trails that this could go down... I'm not going to throw anymore time at it, I will just call Dr. Z and ask him personally "WHATSUP with your SHIAT cookers Doc"???

[C-2]

WE WANT THE TRUTH!


Good luck with your Due Diligence