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  #31  
Old 04-14-2005, 03:39 AM
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weishaupt1776 weishaupt1776 is offline
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I am leaning towards just going for it w/ no filing. Here's why

http://hushmoney.org/
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  #32  
Old 04-14-2005, 09:23 AM
TheBlackTruth TheBlackTruth is offline
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I wouldn't suggest a corp sole.

There are many other structures available that accomplish the same thing but don't carry with it the increased scrutiny that the government has placed on their use.

-BT
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  #33  
Old 04-15-2005, 06:53 PM
Bill Smith Bill Smith is offline
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The corporation sole is a ticket to go to jail, go directly to jail, do not pass go, do not collect $200.
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  #34  
Old 04-15-2005, 07:19 PM
TheBlackTruth TheBlackTruth is offline
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Quote:
Originally Posted by Bill Smith
The corporation sole is a ticket to go to jail, go directly to jail, do not pass go, do not collect $200.

It's not quite that cut and dry, but Bill's suggestion is advice best followed nonetheless.

Corporation Soles are very valid structures (Monarchs of England and the Pope have used Corp Soles) but they've been abused in the states to the point where the IRS approaches them with the prejudice of an abusive tax shelter. Not suggested for a U.S. citizen. However they can be useful to a non U.S. citizen/person and/or one who has a legitimate "ministry".

My take on it is: why even bother? There are other, BETTER solutions out there.

-BT
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  #35  
Old 04-30-2005, 11:54 AM
TheBlackTruth TheBlackTruth is offline
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Quote:
Originally Posted by snowy1
I have been trying to look & learnfrom this site as well as from advise from a friend upon another .If I remember right he recommended against a corp sole ,said to start a 508 ministry not a 503 ministry any comments?

I suggest against the creation of ANY statutory entity for the purposes of a 'ministry'. Ministries are best when unattached to the government in any fashion whatsoever.

-BT
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  #36  
Old 08-24-2006, 09:24 AM
ddjw2005
 
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[quote=Sovereigneer]
I would like to comment on the strategy of the offshore trust, in particular the Offshore Foreign Grantor Trust. I found a website that advocates, among its various asset protection strategies, an offshore FGT. You can PM me for the site for now. [sovereigner]



I would like the webiste you referenced in your reply. I am investigating "hidden assets" and feel this information would assist me in my research.

Regards,

ddjw2005
Last edited by ddjw2005 : 08-24-2006 at 09:28 AM.
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