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Why Incorporate Offshore

Because of the litigation explosion in the U.S. and elsewhere, professionals and small business owners are forced to focus on ways to protect their savings, investments and other accumulated assets that may be attractive targets for hungry trial lawyers.

In the U.S. Legal System, the deck is often stacked in favor of plaintiffs and against defendants. Because this observation encourages the filing of spurious lawsuits, the average business owner or professional may be sued several times during his or her lifetime, thereby facing the possibility of being on the receiving end of a ruinous judgment. Failure to plan for such a situation can result in the instant loss of a lifetime's accumulated wealth. Once a lawsuit has been filed, or one is anticipated, the U.S. Legal System will not allow assets to be moved. Acting now while the waters are calm is imperative.

FINDING YOUR ASSETS

Lawyers for plaintiffs only prosecute cases they believe will pay off, not cases against judgment proof defendants. How does a lawyer find out if you have something of value? Very easily. Many services are available that can provide a detailed account of personal and/or business bank accounts, property ownership, investment holdings, income, savings and many other facts relating to your financial well being. The only hope of getting the plaintiff's lawyer to accept a token settlement is to convince the lawyer that the defendant's assets are truly beyond the lawyer's reach.

CORPORATE OWNERSHIP

How can you minimize the chances of losing assets? By becoming a smaller target. How can you become a smaller target? By shrinking the size of your estate so that you are no longer the legal owner of the assets to be controlled and enjoyed. How can you shrink your estate? By getting as many assets out of your personal name as possible. One of the best ways to do this is to transfer money, investments and assets into a corporation, a legal entity that you control.

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