-59-
4. The Administration Co., Inc., and Principal Services
Accounting Corp. (STJ report at 28-32)
The Kanter-related entities described above, particularly
IRA and THC, required a clerical staff to assist in bookkeeping
and ministerial tasks. Meyers, Transcr. at 2890-2892; Grogan,
Transcr. at 1396-1397, 1410. During the mid-1970s to early
1980s, these ministerial tasks were performed by clerical
assistants and bookkeepers, such as Meyers and Grogan, who were
employees of Kanter’s law firm (Levenfeld & Kanter) but who
worked for Kanter nearly full time. Id.
By 1981, bookkeeping for IRA, THC, and other Kanter-related
entities had become so voluminous that The Administration Co.,
Inc. (TACI), was organized for that purpose. Meyers, Transcr. at
2901, 2908-2909.37 TACI was incorporated in the State of
Delaware on September 21, 1981, and was authorized to do business
in the State of Illinois. Its articles of incorporation stated
that it was “to engage in any lawful act or activity for which
corporations may be organized under the General Corporation Law
of Delaware.” In TACI’s application to do business in the State
of Illinois, a more comprehensive statement of TACI’s purpose was
37 The Administration Co., Inc. (TACI) was organized at the
insistence of some of the members of Kanter’s law firm who
complained that law firm employees working under Kanter were
performing extensive nonlegal services for which the law firm was
not being compensated.
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