Articles in the Asset Protection Category
Asset Protection »
Introduction – When we surf through the web we see many entities selling American Trusts, Corporations and other structures that they consider to be asset protection strategies. These run the gamut of corporations in the states of Wyoming, Delaware or Nevada, trusts of various types in different jurisdictions and other structures all based in the USA. What is wrong here is that nothing in the USA can protect you from an aggressive judge who feels your assets should be seized to satisfy some sort of debt or perceived debt. You are subject to the mercy of any Judge who may…
Asset Protection »
Some twenty five years ago, the phrase offshore banking was referred to a series of activities that were carried out outside a person’s or company’s location. Since these activities were usually best done in a jurisdiction with the help of privacy rules and various regulations, the majority of the businesses went to different islands to meet these criteria which are described as offshore.
The multiplicity of Panama offshore services is great and so nowadays the term banking has been substituted with financial services.
Certain financial services that are offshore locations are in …
Asset Protection »
When you first approach incorporation of an offshore company in your business you start with tax planning and legal matters to ensure you are not breaking any laws and so on. But even when you are done with that part, you are still not safe, as now you have to choose the proper provider or registered agent to serve your offshore structure during its lifetime.
This is what you should pay attention to before you engage in business relations with your registered agent for incorporation of an offshore company and what …
Asset Protection »
When we first started investing we got carried away by all the Wall Street hype. Without doing our homework we purchased individual technology stocks. Needless to say it was very risky and unwise to do so. Add to it the high brokerage fees that were prevalent in those days.
We paid no attention to minimizing the management fees and simply went ahead and poured our money into the market! Neither were we aware of the issues involved in market timing.
Guiding Philosophy
Fortunately we became sensible very soon, in fact within a year! …
Asset Protection »
“But no one told me I had to file all these papers and keep up my corporate records or face dire consequences.”
The above is a statement I hear quite often from business owners.
Many don’t know that without the proper corporate records…
…your corporation could be dissolved and discarded…
…your “corporate veil” can be pierced like a flimsy piece of tissue…
…you and your family are fully exposed to frivolous lawsuits, with your house and savings at risk…
…you risk bankruptcy and the poor house because someone is chomping at the bit to take everything …

