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Page Offshore Corporations An offshore corporation is a whole new level
of asset protection. By forming an offshore corporation you
have a legal entity to hold assets and only you know who the
beneficial owner is. All the information gathering agencies
and services that help domestic attorneys, ex-spouses, ex- business
partners and creditors will not be able to find your accounts
and assets, therefore, making you a very poor prospect for a
lawsuit. U. S. Judgments Are Not Recognized
Offshore An offshore corporation can conduct any type
of business in the U.S. that a U.S. corporation can, so you
sacrifice nothing by having complete privacy and a corporate
veil with real teeth in it. Even if your offshore International
Business Company (IBC) becomes involved in a lawsuit, the offshore
courts do not recognize U.S judgments against a company incorporated
in their jurisdiction. A plaintiff would have to hire an offshore
attorney (there are no contingency fees) and try to convince
the offshore court to hear the case. The offshore courts will
not rule in favor of the plaintiff if it can be shown that the
assets were moved before the judgment was filed. Once the plaintiff
sees the uphill battle involved plus the enormous cost out of
their own pocket, they will probably reevaluate the merits of
even filing a lawsuit or will settle for a fraction of the settlement
they may have received in a U.S Court. This is why more and more doctors, professional
business people and small businesses are using offshore to lower
their liability insurance coverage, which can save them tens
of thousands of dollars each year in premiums. Small business
can also use offshore to reduce or eliminate sate income (franchise)
taxes and give them other alternatives to insurance coverage
that have become too expensive to carry. Many Advantages of Doing Business
Offshore - Products or services considered too risky
because of the threat of lawsuits. These threats can be put
under the umbrella of an offshore company, thereby protecting
your other assets.
- Business can be conducted in a regulation
free environment and would not be be subject to heavy handed
regulators.
- Business can run in a private and anonymous
fashion.
- Business associates, creditors, ex-spouses
cannot gain access to your records or financial accounts.
- Offshore Mastered or Visa can be obtained
that cannot be traced.
- File liens against your domestic property.
- Protect retirements funds.
- Provide for the transmission of assets
to the next generation in an efficient and discreet fashion.
- Purchase worldwide securities that are
not available to U.S.citizens.
- Segregate risky assets from safe assets.
How do I Chose an Offshore Representative Caution should be used here. Many offshore
representatives are U.S. citizens who decide that they want
to live on some island and take life easy. The problem with
this is that they are still U.S. citizens and are still subject
to the U.S. court system. Also sometimes they get tired of the
good life and decide to return to the U.S. You can be left high
and dry with no local representation should this occur. It is
better to have an offshore representative who is not subject
to U.S. laws. Many other trust companies are here today and
gone tomorrow. It is important to have a stable and strong offshore
representative. NEXT
National
Business Incorporators, Inc.
Direct: (760) 774.2340 Fax: (760) 406.9331 E-mail: National
Business Incorporators, Inc. We look forward to serving
you! |