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July 20, 2010
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North Carolina Asset Protection News

 

Grassley: $2 Million To Support Agriculture Counter-Terrorism Project In Iowa

WASHINGTON - Sen. Chuck Grassley said today that the U.S. Department of Homeland Security has awarded $2,000,000 to Iowa to prevent agro-terrorism.

The Iowa Department of Public Defense, Emergency Management Division, will use this funding to support the Agriculture Counter-terrorism Project, which will help build an enhanced and sustainable capacity to prevent, respond to and recover from threats or acts of terrorism.

"Terrorists disrupting our food supply is a real threat," Grassley said. "This funding can help the Agriculture Counter-terrorism Project become a national model that can be used across the country to protect our food supply. As one of the leading food producing states in the country, it's critically important the Iowa use this funding to determine how best to protect its agriculture industry."

This project will initiate interstate agro-security planning initiative and model asset protection for the food supply chain. The Agriculture Counter-terrorism Project will provide the agriculture industry with effective methods for identifying vulnerabilities and developing effective security strategies. This project will promote standard asset-level security programs that compliment regional counter-terrorism programs.

The Agriculture Counter-terrorism Project will collaborate with the Multi-State Partnership for Security in Agriculture to accomplish project objectives and promote initiatives.


 

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Did You Know?    
 
 
LLC envelope offers substantial advantages over other entities
LLC envelope offers substantial advantages over other entities, there are at least five common circumstances when a tax regime other than an S corporation may be more appropriate: 1) the business cannot qualify as an S corporation; 2) the one-class-of-stock limitation for S corporations cannot accommodate certain business terms agreed to by the parties; 3) the business involves appreciating assets (i.e., assets that have, or are likely to have, a fair market value in excess of basis), such as real estate; 4) the business has considerable debt and the owners anticipate significant losses; and 5) the wage-reduction tax strategy explained previously will not benefit the owners because either the primary income of the business is excluded from self-employment tax or, in the case of newly formed companies, one or more employee-owners already receive aggregate wages or self-employment income from an existing business in an amount which approaches the taxable wage base limitation

 


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News about Asset Protection cases in North Carolina and nationwide:

Critical Asset Identification Is Still Not Complete
In October 1998, a month before agencies’ initial CIP plans were due, CIAO issued its Vulnerability Assessment Framework. The framework was intende...
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Integrated Financial Management Systems
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Department Licenses State's First Group Captive For Fourteen Of New York’s Major Financial Institutions
        Superintendent of Insurance Gregory V. Serio today announced that the State Insurance Department has lic...
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Asset Protection Lawyers.com Terms

 


Today's Terms

Casualty Insurance

Definition:
Casualty Insurance coverage is primarily for the legal liability of an individual or organization that results from negligent acts and omissions causing bodily injury and/or property damage to a third party. However, the term is broad and includes such property insurance as aviation insurance, boiler and machinery insurance, glass insurance and crime insurance.

Totten trust

Definition:
A savings account that allows the depositor to open the account as trustee for someone else (no real trust is set up). Account owners may use the funds as they see fit during their lifetime, and then upon their death the account balance is paid to the named beneficiary.

Asset allocation

Definition:
Diversification of your investments, usually between U.S. and international equities, fixed income, real estate, and commodities.

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Asset Protection Resources

 


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Asset Protection Hot Topics

 
Topics Related to Asset Protection:

  • Trusts
  • Wills
  • Uniform Probate Code
  • Gift Tax
  • Dynasty Trust
  • Annuities

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North Carolina Asset-Protection Attorney

 
If you live in the following cities and need an Asset-Protection attorney you should contact our Asset-Protection Attorney as soon as possible:

  • Apex
  • Asheboro
  • Asheville
  • Burlington
  • Cary
  • Chapel Hill
  • Charlotte
  • Clayton
  • Concord
  • Durham
  • Elizabeth City
  • Fayetteville
  • Fort Bragg
  • Garner
  • Gastonia
  • Goldsboro
  • Greensboro
  • Greenville
  • Henderson
  • Hickory
  • High Point
  • Jacksonville
  • Kernersville
  • Lenoir
  • Lexington
  • Lincolnton
  • Lumberton
  • Matthews
  • Monroe
  • Morganton
  • Mount Airy
  • Raeford
  • Raleigh
  • Reidsville
  • Sanford
  • Statesville
  • Thomasville
  • Wake Forest
  • Wilmington
  • Wilson
  • Winston Salem


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