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C. James Merriam’s Business Activities
1. James Merriam’s Early Businesses
In the late 1960s and 1970s, James Merriam started the Sir
Speedy Printing Centers franchise business and other franchise
businesses. In the early 1980s, he started Texas State Video
Co., which he envisioned would become a nationwide video rental
franchise business. James Merriam raised about $2 million in a
stock offering relating to the video franchise company.
2. James Merriam’s Offices, Office Staff, and Procedures
James Merriam had offices at the Tiburon residence and at
other locations. He had numerous corporations and bank accounts.
James Merriam and members of his office staff received and
sorted mail delivered to the Tiburon residence. James Merriam
gave petitioner mail not related to his businesses or taxes.
James Merriam told his staff not to give petitioner any
information about his businesses.
3. Napa
Ted Merriam incorporated Merriam Investment Corp. (MIC) in
Colorado in 1983 and was its registered agent. MIC was Napa’s
predecessor. Initially, the members of the MIC board of
directors were James Merriam, Ted Merriam, and petitioner. James
and Ted Merriam resigned as directors shortly after MIC was
incorporated and before MIC changed its name to Napa.
Thereafter, petitioner was the president, sole shareholder, and
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Last modified: May 25, 2011