Homer L. Richardson - Page 11

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          with funds from an account held in the name of HGAMC but was                
          titled in his name.                                                         
               From their respective inceptions, Mr. Richardson’s sole                
          proprietorships, HGAMC, and HGRCT were operated out of                      
          petitioners’ residence on Quailwoods Drive.  Resolutions                    
          specified that particular business operations of HGAMC would be             
          conducted at its “headquarters” on Quailwoods Drive and required            
          the presence of the Executive Director at the site to oversee               
          maintenance and security.  In addition, through a series of                 
          resolutions, HGAMC was authorized to, and did, contract for the             
          remodeling of the company headquarters.                                     
               With respect to business conducted elsewhere, minutes show             
          that the directors “were authorized to travel to Nashville,                 
          Indiana for purposes of looking at different land investment                
          opportunities.”  Later, a director’s meeting attended by                    
          petitioners’ four children was held at Mike Fink’s Restaurant in            
          Covington, Kentucky, “for the purpose of discussing duties of               
          successor directors with those appointed as successor directors”.           
          At that meeting, “It was dedided [sic] that more time should be             
          devoted to training & that a two (2) day meeting should be                  
          scheduled for Brown County State Park in the future”.  The tab              
          for the meal was $247.38.                                                   
               Matters related to tax issues, from administrative functions           
          related to preparation of the entities’ returns to intentions or            
          positions on tax topics, were likewise addressed at board                   




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Last modified: May 25, 2011