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hi this is the business guy with asset protection planners and lawyers limited would you like to set up an llc and make sure your name isn't all over it for people who want to sniff around to sue you if you already have one or more llc's maybe it's too late once your name is on the company it's game over even if you change the manager your name still appears in the history of the company and people can tie you to it say you have eight different llc's all with your own name each one owns a different rental property somebody sees you have eight llc's and the next thing they do is say hot dog we've got somebody with deep pockets let's go after him or her we're talking about how to keep your llc's anonymous so nobody knows you own them but you i've been in the asset protection from lawsuits field since 1991 and bring you my personal experience our company started in 1906 we have attorneys on staff and have employees nationwide and if you're watching this on youtube please click the like button below and enter your comments and you can also click the subscribe button so that when more videos come out like this you'll be up to date right away here's an example of where owning your llc's privately could save you a ton of money and a bunch of headaches i have a friend of mine he lived in new jersey at the time he had a building violation on one building the next thing you know the inspector is looking in the public records to see what other companies he owns then all of a sudden that inspector is slapping all kinds of violations and fines on all the rest of his properties what we really want is a chinese firewall between you and your companies that is we want to be sure that when we set up an llc it doesn't have your name all over it say you already set up an llc and you look in the public records and the whole world can see you're a manager in some states they can see you're a member attorneys looking for people with deep pockets know it's you who's conducting the business say you have several llc's that get somebody's attention they call an attorney that attorney needs to put food on his or her family's table he or she stays up until one in the morning writing legal papers with your name all over it now why would they do that what do all these companies mean to a third party it means that you as the owner has deep pockets so when you lay a foundation that secures your wealth one of the first important elements is to ensure that the casual observer doesn't know that you have all of these assets it's on a need to know basis not a put on a show basis so that is the mistake so many business people make when they set up limited liability companies and that is because they're professionals who may know their own businesses but simply don't know what they're doing from a legal and asset protection perspective they simply don't know where they're vulnerable and where the risks are that lead them wide open to financial plunder so what do we do how do we create an llc where their information is private and it's remarkable how simple it really is to set up a legal tool where your name will never show up that way some hungry contingent fee attorney will never track your scent so what do we do for clients we either set up a wyoming llc or much much better a nevis llc that's nevis which is an island in the caribbean we've set up more llc's there than anybody in the world much better privacy and protection from lawsuits than any u.s llc we can also do this in nevada and delaware as well but nevis has much better benefits at a very reasonable cost for example before somebody sues you in nevis to try to get assets from inside the llc and nevis they'd have to post a bond but bond could be a hundred thousand dollars two hundred thousand dollars whatever the court decides no u.s company has this tremendous barrier to suing you for your assets though nevis llc assets are protected right away after two years the courts will refuse to even hear a challenge your creditor puts forth to try to get the assets you moved inside the company even if your creditor wins they can't force you to turn over your llc assets and that charging order they got against you vanishes after three years and it can't be renewed in the us that's up to 20 years and since we're talking about llc privacy we also have nominee managers who have no true control but people contract our services to put our nominee managers in the public record so nobody knows you on the companies nevis wyoming nevada and delaware impose no income taxes on llcs that do business outside their borders so it's just the federal tax a one-person llc offers charging order protection so that when somebody sues you there are provisions in the law where nobody can take the company away from you or the assets inside now they're not as strong as the international asset protection trusts that we establish in that case we put the llc inside of the offshore trust but the offshore llc in nevis is one of the strongest forms of asset protection short of an offshore trust nevis wyoming nevada and delaware all allow us to set up your company with a nominee manager which keeps your name private now with u.s companies a new law says you have to report your ownership to fincin and they will know that you're tied to your company so your nevis company owns all of your other companies and nobody will know that you have multiple llc's and that's how we keep your privacy and hold the legal hyenas at bay so how does it work here's how first call us and have us set up a nevis llc ask us to add the nominee manager so our guy over here serves as your nominee llc manager we have an agreement where you're in the driver's seat and the nominee has no control of the company once we set up your nevis llc that nevis llc can act as manager of all of your other llc's in any other state so you have your california llc new york llc florida texas illinois georgia llc or wherever and they all point back to your private nevis llc now we set up all of the rest of your llc's in the u.s with member managed llc's in many states you must list the members that member is your nevis llc in almost all states you also need to list a manager the manager of all of your llc's is also your nevis llc so some potential litigant or creditor snoops around they search for your name in the state's database and they find nothing with your name on it associated with any llc in any state nobody knows you're part of the companies so let's say they are looking at the company right here this llc has a property in it and just like a client who called us recently their tenant said there was mold on the property she said she and her son were not feeling very well they got a hold of an attorney who wants to know who's behind it well too bad for them it's not going to be you because you called us and had to set up a private nevis llc without your name all over it so even if they try to find your name in nevis the nevis government says sorry we don't reveal owners here for civil legal cases too bad so you're the one who has 100 control but your opponent won't find that in the public reco
Thanks for your comment Shanice Garrett, have a nice day.
- Meg Schoenberg, Staff Member
u.s. states like New Mexico and Wyoming and Delaware have always attracted a number of businesses who wanted to set up companies or LLC's there for one reason in particular they offered a certain amount of anonymity I'm gonna give you a couple reasons why that level of anonymity may no longer be compelling and why you shouldn't chase that anonymous LLC hey guys I'm Andrew Henderson and I've seen a lot of people who have come to us who have already set up part of their offshore strategy maybe they've talked to someone in the tax world and they come with a Wyoming LLC or there are people who have always told me hey New Mexico LLC's you know your name is nowhere attached and they said that's a great strategy now this is a perfect example of where you really want a holistic plan when you're going offshore okay the kind of stuff that you can do domestically it's not always gonna work when you start involving other different countries and it's a reason of risk okay so let's talk about two reasons why the anonymous LLC that doesn't have your name on it might not work and so it might be a better idea to set up your LLC or your company in another state the first region is if you want to diversify the international strategy where you have a US company and you've got a foreign company and you want to move money between them I've seen particular cases where you know guy comes in you know he's moving money from the US - let's say Panama because they doesn't want to keep all of his money in the United States and the bank in let's say Panama will say well this is great we don't why did why did you just get a half a million dollars from some US company oh I we own that company it's also my company okay can you can you show us that documentation cuz you know when we get you know we've got to do you know due diligence on big transfers and we've to know who's sending the money and all that just just send us the proof you on the company yeah well there's really no record of my name anywhere okay well can you send us you can you like make up a share certificate or something yeah I can do that you know this doesn't really help our compliance Department now I understand if you did all your business and cryptocurrency you wouldn't have to face these restrictions but for those of us who deal with you know the the regular people who want to pay by credit card or bank transfer it is an issue when you have to move money between banks and so the anonymous LLC might not be so good for that because it becomes harder to document who owns that LLC there are some tax advisers that disagree with me not because my tax strategy is wrong well because they say why is Andrew needlessly complicating it I'm needlessly complicating it because when you only look at something from the tax perspective you just say does this work for text yes it does does it work operationally I don't know we just do text don't bothers operations we don't want to business we just do tax tax tax we don't know how to anything with tax and so I'm coming in saying great you can send us by the tax side but you know if you're moving money between an anonymous company whether it's an LLC or a company in the United States or whether it's an anonymous company somewhere else if you can't document the ownership of that company you're gonna have a harder time moving money and the challenge is you know these kind of anonymous companies are in places where you might not want to keep all of your money for asset protection you know if you're selling stuff on Amazon or if you're selling stuff through e-commerce you know you might not want to keep all your money in the US because you you know might have talked to a lawyer said move some of the money offshore you know how is that gonna work the second reason is anonymous LLC's to me are less interesting is because the US government is determined to reduce the anonymity because they want to crack down on some of the less than upstanding uses of LLC's over the years such as people buying properties and just moving money through the u.s. real estate market through these anonymous LLC's so the US has introduced paperwork requirements such as form 50 for 72 for foreign owners of us come of us LLC's to file and say hey here's what's going on now obviously there's a difference between telling the IRS who wants the company and telling your ex-wife or your business partner or the whole world who wants the company and so depending on whom you want anonymity from that may still work but the bottom line is as we've said a lot of times before the world is moving away from anonymity I'm not saying that's good on that thing it's bad I've been successful for a number of businesses including nomadic capitalists because I take a somewhat pragmatic view it simply is I don't want to argue with what it is I don't want to go to battle with the US government and think that I'm gonna win and be able to keep my anybody I just want to you know smooth go go where I'm treated best do what works I'm not saying just accept everything lying down but what I'm saying is if you want to run a business in the international space smoothly you're going to have to likely give up a bit of anonymity unless you're entirely dealing in methods that are anonymous even then I don't think it'll entirely work but if you're dealing with you know legal structures I think taking into the picture the whole analysis the whole analysis of does this work for tax does it work for operations does it work for banking does it work for my customers you know they want to pay me in this jurisdiction these are all questions that have to be asked and so what I want to take the conversation beyond is just tax just anonymity you want to consider all the factors when you're determining any where you want to set up a company whether the US or anywhere offshore hi I'm Andrew Henderson from nomad capitalists I wrote this book which you can find on Amazon to distill a lot of the stuff we talked about in these videos and a lot of the stuff I've learned over the last decade plus traveling all around the world teaching you about how to legally reduce your taxes build your personal freedom and create wealth faster definitely get a copy of this book if you want to learn more now if you want to watch more videos make sure you subscribe to our Channel and make sure you click the notifications bell so you never miss one of our new videos with more tips on how to go where you're treated best and if you're already a six or seven figure entrepreneur and you'd like to put these strategies in place for yourself go to Nomad capitalist calm and learn about how I can help you
Thanks Monet your participation is very much appreciated
- Meg Schoenberg
About the author
I've studied physical geography at Olivet Nazarene University in Bourbonnais and I am an expert in biomechanical engineering. I usually feel giggly. My previous job was psychiatric aide I held this position for 2 years, I love talking about skateboarding and racing. Huge fan of Thomas Brodie-Sangster I practice diving and collect comic books.
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