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Asset Protection & Financial Privacy
Without Leaving the Country
Kenneth
J. Mueller, CPA, CrFA is an Asset Protection Consultant with the
Asset Protection Group, Inc. (APG) He has
been affiliated with the Asset Protection Group since 2001.
He has gone through extensive training in this area and
combined with his background as a Certified Public Accountant and
Certified Forensic Accountant he has unique knowledge and experience
that allows him to provide superior asset protection services.
It
should be fully noted that asset protection and financial privacy
services are only offered to protect your assets and provide you
with financial privacy. We
will not structure or use any form of asset protection that would
lead itself to be considered any form of federal tax avoidance or
abusive transactions.
WHY
YOU NEED ASSET PROTECTION RIGHT NOW
Without
Asset Protection You Could Suddenly Lose Everything You’ve Worked
For!
You
know we live in a “litigious society.”
But do you know what that means to you?
-
Nine
out of ten lawsuits in the world are filed in the United States.
-
A
new lawsuit is filed every thirty seconds.
-
If
you own a business or practice a profession you have one chance
in three of being named a Defendant in a lawsuit in the next
year. And it will only get worse.
It is estimated that there are over 100,000 law school
students in school right now.
Any of these events could leave
you penniless and in debt;
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A
negligence or injury claim, whether justified or not, that
exceeds any insurance coverage you may have.
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Breach
of contract through no fault of your own.
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A
professional malpractice suit.
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Lawsuits
from disgruntled business partners or employees.
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Divorce
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Huge
fines for violating state or federal law because of the actions
of an employee.
-
Claims
from creditors should your business fail.
-
Catastrophic
medical bills.
-
Seizure
of your home or other assets without due process by the U.S.
Customs or other government agencies with forfeiture power.
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A
huge tax bill and escalating penalties following an IRS audit.
Most
of your estate could go to the government, not to your heirs
Because
a corporation has a life of its own, a carefully designed corporate
strategy allows you to care for your loved ones free from probate
and other legal and tax problems.
WHY
YOU SHOULD INCORPORATE TODAY EVEN IF YOU DON’T HAVE A BUSINESS
Asset
and Liability Protection
Under
the law, a corporation is an artificial “person,” completely
separate from the people who own and operate it.
This is different from an individual or sole proprietorship,
where the owner bears full and complete financial responsibility for
his actions. Because it
is an independent entity, a corporation’s debt and taxes are
separate from those of the owners, officers, and directors.
Therefore, a corporation provides an individual, whether in
business, salaried, or on commission, with the greatest personal
liability protection.
Complete
Privacy
There
is a reason why almost all successful people choose to incorporate.
It permits them to manage their assets anonymously.
Their private corporate lives are never made public.
Only in Nevada can a corporation be set up so that, while you
own and control your corporation, your identity and ownership can
remain a total secret. Some
individuals choose to have separate corporations for their larger
assets such as a home, brokerage account, rental property, boat, or
recreational vehicle. Asset
Protection Group can even structure your corporation so that your
Social Security number is never disclosed.
Profit
Your
corporation can maximize profits by taking advantage of the tax
laws. A corporation can
write off most purchases of goods, vehicles, and services as
expenses. By organizing
your activities so that much of the profit goes to a corporation in
tax-free Nevada, you can dramatically increase your net income.
You pay the government less – and take home more!
Flexibility
A
corporate structure allows you to place different projects under
separate corporations. You
retain complete control of all projects.
But if one runs into trouble, it won’t suck the profits
away from the other, more successful, projects.
Without incorporation, your profitable projects would have to
pay the debts of any unsuccessful ventures!
Estate
Benefits
Because
a corporation’s existence is perpetual, your corporation can
outlive you. By using
estate – planning strategies that are possible only with Nevada
– based corporations, you may be able to pass your estate to your
heirs without going through probate.
This can save both legal costs and inheritance taxes.
Types
of Corporations
“C”
Type – the standard corporation.
It is taxed as a corporation before distributing profits.
Subchapter
“S” – by filing IRS form 2553, tax liability is passed
directly to the owners.
Limited
Liability Company – combines the limited liability of a
corporation with the tax advantages of a partnership.
Professional
Corporation – used by licensed professionals such as doctors
and lawyers.
Nonprofit
Corporation – for activities approved by the IRS that are done
not for profit.
LOOK
AT THE UNIQUE ADVANTAGES THAT ONLY A NEVADA CORPORATION CAN OFFER
No
Reciprocity or Exchange of Information with the IRS
Nevada
is the only state that does not share confidential information about
its corporations with the Internal Revenue Service. In 1972 the IRS formally requested such an exchange program
and Nevada Governor Bob Miller turned them down flat.
You
Can Be Completely Anonymous
Nevada
still believes in the independence of the old west. The people of Nevada believe in small government that
doesn’t meddle in the business of its citizens – including its
corporate citizens. Many
other states now allow lawsuits to “pierce the corporate veil,”
and enforce personal liability for the debts and actions of the
corporation on its officers and directors.
Nevada law clearly makes the actions of a corporation’s
representatives exempt from personal responsibility
except in cases of outright fraud.
A
Nevada corporation is required to list only the names and addresses
of its president, secretary, treasurer, and director(s) with the
Secretary of State. And
that is all. One person
may hold all of these positions.
Asset Protection Group can provide a nominee to fill all of
these positions – ensuring your complete privacy.
The names and addresses of any vice presidents need not be
listed, however.
Nevada
law does not require stockholders to register with the state.
Therefore, you can own all the shares in your Nevada
corporation, maintaining complete control of operation, while
designating representatives as your officers and directors – and
your identity will be kept completely secret.
Nevada
Is the Only State That Allows the Use of Bearer Shares for Privacy
of Ownership
Nevada
is also the only state that permits corporations to issue Bearer
Shares, the form of stock best suited to guarantee the owner’s
anonymity. The stock
certificate is issued to the Bearer and may be redeemed by anyone
who has it in his or her possession – just like cash.
The person who has possession of the Bearer Shares of a
corporation is legally the owner of the corporation.
This makes it almost impossible for anyone to track down
the ownership of your corporation.
Use
You Nevada Corporation to Lower Your Taxes
If
you have a corporation in your home state and a corporation in
Nevada, you can use a perfectly legal strategy to cut your taxes. Just have your Nevada Corporation sell services, such as
advertising, marketing, or consulting to your home corporation.
Properly done, the sale of services will absorb the profits
of the home corporation. With
no profits, the home corporation will owe no tax in the home state.
The Nevada Corporation shows the profits, but owes no taxes
in tax-free Nevada. And
you save a bundle.
Plus
These Other Advantages in Nevada
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No
minimum start-up capital required.
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No annual
reports necessary
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Shareholders
and directors need not be residents of Nevada (or even U.S.
citizens) and do not need to come to Nevada to form the
corporation.
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Nevada
has one of the lowest incorporating costs in the United
States.
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No need
to list the assets of the corporation.
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A Nevada
corporation can own property in any state without having to be
incorporated in that state.
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One –
person corporations permitted.
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Director
and shareholder meetings may be held anywhere in the world.
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No delay
– a Nevada corporation can be formed in twenty – four
hours.
Learn more about our services as you navigate through the list on
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