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Net54baseball.com Forums - View Single Post - Four good reasons to join A Registry
Thread: Four good reasons to join A Registry
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Old 01-10-2003, 10:04 AM
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Default Four good reasons to join A Registry
Posted By: warshawlaw

1. Home invasion robbery (a big thing out here in SoCal within ethnic communities where cash and assets are traditionally kept at home; why advertise a valuable collection?). Ditto for burglary.

2. Taxes: Hypothetically speaking, of course, once there is a record of a collectible, there is a potential record for the taxing authorities to subpoena when auditing you. How many of you deal at major shows on a cash and carry basis??

3. Creditors claims: If there is a record (see #2) a creditor can seize the asset. No record, no asset.

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