Hey, I swear I'm not really trying to be argumentative here; I'm genuinely trying to better understand the ramifications of these amendments... a mental exercise... so humor me if you will, just for fun. Because what we have here is a huge inconsistency in what up to now has been a uniform governmental stance on clearly delineated laws. And where there are inconsistencies, there are loopholes - the bigger the inconsistency, the bigger the loopholes. And where their is loopholes, there is exploitation... and exploitation, money. And given the subject matter, the revenue generated from it, and the sheer size of this 'loophole' (if you really want to call it that) there are million dollar ideas that are just laying about, waiting for people to figure them out.
In other words, the chances of me finding a defensible angle somewhere in all this (even if I'm not going to act on it) is actually quite good, because the chances of definitively shutting me down are no longer 100%... which means this is actually far from being as clearcut a case, as it may seem at first glance.
>Whoever is in possession and trafficking/buying/selling.But as long as the people in possession and trafficking/buying/selling are in CO, and selling to people in CO, UK authorities have no jurisdiction, and State Authorities cannot charge them, because they only enforce State Law. Agreed?
So the drug dealer only needs to be concerned about US Federal law. So if the corporation and hosting is offshore, and orders from the website were sent directly to drop shippers emails, also offshore, and money collected offshore, the only poor bastard that is going to get arrested is the 'Registered Agent' that gets paid $99/yr, who again isn't dealing drugs, and has no say in what the corporation does, just the responsibility to keep the corporation compliant with state rules governing corporations.... which means nothing is going to happen to him either.
In American English the word corporation is widely used to describe incorporated entities, especially those that have a large number of shareholders, and in respect of which, ownership can be transferred without the need for the consent of other shareholders. In British English and in the commonwealth countries, the term public company is more widely used to describe the same sort of entity while the word company encompasses all incorporated entities. In American English, the word company can include entities such as partnerships that would not be referred to as companies in British English as they are not a separate legal entity.
Despite not being natural persons, corporations are recognized by the law to have rights and responsibilities like natural persons ("people"). Corporations can exercise human rights against real individuals and the state,[4][5] and they can themselves be responsible for human rights violations.[6] Corporations can be "dissolved" either by statutory operation, order of court, or voluntary action on the part of shareholders. Insolvency may result in a form of corporate failure, when creditors force the liquidation and dissolution of the corporation under court order,[7] but it most often results in a restructuring of corporate holdings. Corporations can even be convicted of criminal offenses, such as fraud and manslaughter. However corporations are not considered living entities in the way that humans are.[8]
Formation
Historically, corporations were created by a charter granted by government. Today, corporations are usually registered with the state, province, or national government and regulated by the laws enacted by that government. Registration is the main prerequisite to the corporation's assumption of limited liability. The law sometimes requires the corporation to designate its principal address, as well as a registered agent (a person or company designated to receive legal service of process). It may also be required to designate an agent or other legal representative of the corporation.[citation needed]
Generally, a corporation files articles of incorporation with the government, laying out the general nature of the corporation, the amount of stock it is authorized to issue, and the names and addresses of directors. Once the articles are approved, the corporation's directors meet to create bylaws that govern the internal functions of the corporation, such as meeting procedures and officer positions.[citation needed]
The law of the jurisdiction in which a corporation operates will regulate most of its internal activities, as well as its finances. If a corporation operates outside its home state, it is often required to register with other governments as a foreign corporation, and is almost always subject to laws of its host state pertaining to employment, crimes, contracts, civil actions, and the like.
