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You and Identity Theft What can you do to protect yourself? 
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Corporate Straw Officers is a (questionably) legal practice of listing persons 100% unconnected with a company as the officers. Often these may be retirees or others on a fixed income that use the stipend as a straw officer to make financial ends meet.
The legality of straw officers is subject to change as abuses from illegal activities are discovered. By using Straw Offices, persons who may not be able to legally operate or control certain companies can be hidden from view. This could allow a person convicted of Real Estate Fraud to own and control a real estate company, although they may be prohibited from such activities as a result of the conviction. The use of Straw Officers is not legal in all states. However, it is also extremely hard to often identify when listed officers are or are not straw officers. Sometimes, owners of companies will list their kids or other relatives as officers of the company. These 'family' members are de facto straw officers as the real power still rests with actual owners who make all the day to day decisions. This is not to say all Straw Officer Companies are illegal. Some are, some are not. The use of Straw officers for your company should be carefully discussed with Legal and Financial Advisors. Postal Plus Express does not provide straw officers for companies. |