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**sharonsopinion** · 03-11-2007, 08:14 PM

EMO secured national licenses from agencies such as FDIC and SEC. I wonder if CEPTrust will need those, too.

Also, they may say they are moving to New Mexico, but I don't think it's that easy. In most states you have to be physically located in the state or have at least one employee/owner in the state. Nevada and Delaware are two exceptions. Although, Nevada has been clamping down on incorporating from out-of-state. So, I wonder if CEP management will be physically moving. If yes, then they have to worry about selling and buying a house, as well as everything else. If they don't physically move, then they'll still be considered as running an unlicensed money transmitter in Kentucky.

In addition to location, they have to worry about the location of their members. They have to get licensed where they are, too. I am not as sure about this requirement, though. Anyway, it's all food for thought.

JMO,
Sharon

03-11-2007, 08:14 PM	#7 (permalink)
sharonsopinion Queen Maid, Flushing BS Join Date: Feb 2007 Location: USA Posts: 445 My Mood: Portfolio: PIDA, Life Holdings, EarnByLoaning and a few leftovers from a previous strategy. Fav Ecurrency: Paypal Thanks: 135 Thanked 93 Times in 61 Posts	EMO secured national licenses from agencies such as FDIC and SEC. I wonder if CEPTrust will need those, too. Also, they may say they are moving to New Mexico, but I don't think it's that easy. In most states you have to be physically located in the state or have at least one employee/owner in the state. Nevada and Delaware are two exceptions. Although, Nevada has been clamping down on incorporating from out-of-state. So, I wonder if CEP management will be physically moving. If yes, then they have to worry about selling and buying a house, as well as everything else. If they don't physically move, then they'll still be considered as running an unlicensed money transmitter in Kentucky. In addition to location, they have to worry about the location of their members. They have to get licensed where they are, too. I am not as sure about this requirement, though. Anyway, it's all food for thought. JMO, Sharon __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. Good Behavior = Good Results; Bad Behavior = Bad Results!