03-21-2005, 04:32 PM
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The Outta Commissiona
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Join Date: Oct 2004
Location: Florida Republic
Posts: 5,394
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Originally Posted by TheBlackTruth
The easiest to fall to a litigation attack would be the statutory entities (e.g. corporations, LLC's, LLP's, etc.) by virtue of their dependency on the government for their existence.
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That is 100% the truth. The best way to go is a multi-member LLC where you fill out W-9's w/o your name & soc. Use the LLC for people who do biz "in the box"
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Originally Posted by TheBlackTruth
Common-law entities (e.g. corp soles, trusts, etc.) are much better than corporations in all categories. Firstly, a properly used trust is never registered with any government and as such can maintain a fair amount of anonymity. Common-law trusts have no tax liability as they are considered non-entities by the IRS. Trusts can be liened and judgements can stick, but it's not as easy to identify culpable parties if the trust's members are properly structured. A trust, although very handy, is still just another tool and can't do it all.
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It is cool to have the trusts lien each other up & have the LLC rent property from them
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Originally Posted by TheBlackTruth
So far we've covered two jurisdictions. There is one remaining jurisdiction that, when used in conjunction with the other two, can provide you with true "bullet proof" Asset Protection - The Offshore Jurisdiction..
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Wouldn't it be wise to use a NON-Tax treaty nation. I found this web page in the IRM that had a list of all the Tax Treaty nations. I was like ," stay away from them"
Man, your first post is a killa, BT. I'll have to read on |