August 15th, 2011, 08:04 AM
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#20 (permalink)
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Member
- Join Date:
- Jan 2011
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- Auckland, New Zealand
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Re: RPM Legal Notice
RPM Legal Notice / RPM Customer Notice
Quote:
August 13, 2011
RPM is an LLC started in 1997 owned and operated solely by Rick Fuqua. RPM has remained a successful manufacturer, seller and servicer of screen printing equipment for nearly 14 years.
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This is a copy/paste from the IRS.gov website about an LLC with a Single Member ... interesting how they are called a "disregarded entity"
A single member LLC (SMLLC) can be either a corporation or a single member "disregarded entity". Again, to be treated under federal law as a corporation, the SMLLC has to file Form 8832 and elect to be classified as a corporation. An SMLLC that does not elect to be a corporation will be classified by the existing federal guidance as a "disregarded entity" which is taxed as a sole proprietor for income tax purposes.
Quote:
RPM recently settled a legal dispute with M&R Printing Equipment, Inc. on terms wholly satisfactory to both parties. This settlement gives RPM the undisputed rights to utilize certain features on its RPM Revolution, but no other seller of machines that might be similar to the Revolution is granted any rights to use these features.
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This lawsuit by M&R was based primarily on the absence of (2) little metal sensor flags -and- (1) sensor ... below is a rendering of the new Mustang Printers design -and- below it is a pic of the Rhino/RPM Revolution (without flags/sensor)
Can you imagine the amount of $$$ that was spent by M&R -and- RPM to have a court case filed/fought over something soooooo silly :-@
Here is the first page of the Lawsuit ...
Quote:
Next, RPM's vendor and exclusive contractual relationships were recently compromised in an unethical and unlawful manner by another party, to the substantial detriment of RPM and the market place. These actions will not be tolerated, nor will they affect RPM's continued existence and success.
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Spiderman does not really understand what is "unethical and unlawful" when people adjust their business relationships based on a given situation (good -or- bad)
Quote:
RPM continues in business with no plans or agreements to sell or to authorize any company or person to represent itself as an RPM agent or replacement entity. Any person or business representing a product or products similar to RPM's with the complete digital / electronic features, including the features licensed from M&R, the totality of which make the RPM Revolution unique in the market, would be in violation of the above mentioned rights and agreements between RPM and M&R. Those rights will be aggressively enforced against all infringing parties, and notice thereof is hereby given to any purchasers of such products.
Rick Fuqua
Real Performance Machinery
8565 Zionsville Road
Indianapolis, IN 46268
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Ironic ... knowing that the financial demise of the situation for RPM was primarily due to M&R's Legal Actions ... had they just stuck with (2) metal flags -and- (1) sensor ... well we know the rest of the story :-@
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