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July 20, 2010
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Nevada 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 Nevada and nationwide:

The Pension Protection Act 2005
The Pension Protection Act (H.R. 2830) will fix outdated pension rules to help ensure employers properly and adequately fund their worker pension p...
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Act Of 1990 Act Places Specific Responsibility For Developing And Maintaining Effective Financial Systems
The Core Financial System Requirements document, first issued January 1988. This most recent update reflects changes in laws and regulations, such ...
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Agencies Issue Rulemakings to Amend Risk-Based Capital Treatment of Exposures to Asset-Backed Commercial Paper Programs and Securitizations with Early Amortization Provisions
The federal bank and thrift regulatory agencies today requested public comment on an interim final rule and a notice of proposed rulemaking (NPR) t...
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Asset Protection Lawyers.com Terms

 


Today's Terms

Foreign Bank Accounts

Definition:
There is a thriving industry of offshore practitioners advising U.S. citizens to set up offshore bank accounts.

Bearer Accounts

Definition:
The bearer account requires a minimum of USD 7,000 as the initial deposit plus facilitator fees. Funds can only be deposited or withdrawn upon presentation of both a password and a bearer bank account book.

Durable power of attorney

Definition:
A power of attorney that remains valid when the principal becomes incapacitated.

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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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  • Boulder City
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  • Reno
  • Sparks
  • Sun Valley
  • Winnemucca


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