Presentation on theme: "ASSET PROTECTION. The Word Of God On This Subject Psalms 51:6 A creditor always wants to be in position of authority. Therefore, they want as much information."— Presentation transcript:
The Word Of God On This Subject Psalms 51:6 A creditor always wants to be in position of authority. Therefore, they want as much information hidden from you as possible. Proverbs 3:13 Happy is the man that findeth wisdom. You can be happy when you know you’re protected. Proverbs 17:24 Wisdom before him with understanding. John 8:33 Free from bondage. Never in bondage to any man.
Frivolous lawsuits are filed everyday. One could strike you anywhere at anytime. Business owners, Medical Professionals, Officer of a Corporation, Real Estate Owners [home owners], Owners of other assets: If you have any assets you need asset protection! ASSET PROTECTION
Don't leave yourself unprotected, risking your family's financial future. When it comes to asset protection, there are no cookie-cutter solutions. Whether you are protecting real estate, business assets, securities, or cash, we can analyze your situation and recommend a plan to help you become financially protected.
Don't leave yourself unprotected any longer. Maximum Asset Protection and Financial Privacy Listed below is a method used to protect your assets: Incorporation in Tax-Free Wyoming:Incorporation in Tax-Free Wyoming: This is Asset Protection & Financial Privacy Without Leaving the Country. Legally – Quickly – Conveniently – Inexpensively - Anonymously
Offshore Corporations:Offshore Corporations: This gives you Maximum Asset Protection & Financial Privacy. Legally – Affordably – Anonymously - Quickly Gained from years of experience, our forte is knowing the right strategies to use. Through the use of these two entities separately and together, you can be assured Maximum Asset Protection. Key: Gain an understanding of how you can protect your families' assets from those that may try to take them from you.
How do we do this. It is through Incorporation. Find out Why, and specifically a Wyoming Corporation! Why Wyoming Corporation Why Incorporate? Without asset protection, you could suddenly lose everything you've worked so hard for!
You know we live in a “litigious society” but do you know what that means for 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-in-three chance of being named a defendant in a lawsuit within the next year. Any of the following events can leave you penniless and in debt. A negligence or injury claim Breach of contract through no fault of your own
A professional malpractice suit Lawsuits from disgruntled business partners or employees Divorce Large fines for violating state or federal law due to 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 A large tax bill and escalating penalties following an IRS audit Without a corporation, 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. The best asset protection is to incorporate.
Why a Wyoming Corporation? Wyoming is one of the only states that does not share confidential information about its corporations with the Internal Revenue Service. OPERATE TAX-FREE Business-friendly Wyoming is Tax Havens for Companies and Individuals
No corporate income tax No gross receipts tax No tax on issuance of corporate shares No stock sale or transfer tax No inventory tax No franchise tax No capitol stock tax No succession tax No stamp tax
No gift tax No inheritance tax No estate tax No personal state, city or county income taxes Lower property taxes than most states
You Can Be Completely Anonymous Wyoming still believes in the independence of the old west. The people of Wyoming believe in a small government that does not meddle in the business of its citizens, and that includes 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. Wyoming law clearly makes the actions of a corporation's representatives exempt from personal responsibility, except in cases of outright fraud.
In Wyoming, a corporation is required to list only the names and addresses of its president, secretary, treasurer and director(s) with the Secretary of State. All of these positions may be held by one person. The Asset Protection Plan 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.
Wyoming does not require stockholders to register with the state. Because of this, you can own all the shares in the Corporation maintain complete control of operations and designate representatives as your officers and directors. Your identity will be kept completely confidential.
Wyoming is one of the Only States Which Allow the Use of Bearer Shares for Privacy of Ownership Wyoming is one of the only states that permit corporations to issue Bearer Shares. Bearer Shares are a form of stock that is 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 nearly impossible for anyone to track down the ownership of your corporation. This is why it is not recommended for you to use an existing Corporation you are utilizing for business purposes to protect your assets.
Use your Wyoming Corporation to Lower Your Taxes If you have a corporation in your home state and a corporation in Wyoming, you can use a perfectly legal strategy to cut your taxes. Have your Wyoming corporation(s) 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 Wyoming Corporation shows the profits, but owes no taxes in tax-free Wyoming.
Additional Advantages of Incorporating in Wyoming No minimum start-up capitol required No annual reports necessary Shareholders and directors need not be residents of Wyoming (or even U.S. citizens) and do not need to come to Wyoming to form the corporation Wyoming have some of the lowest incorporating costs in the United States No need to list the assets of the corporation A Wyoming corporation can own property in any state without having to be incorporated in that state One-person corporations permitted Director and shareholder meetings may be held anywhere in the world No delay - a Wyoming corporation can be formed in twenty-four hours
Why Take a Chance On Losing Everything You Have? Under the U.S. legal system, the deck is stacked in favor of the plaintiff and against the defendant. This is the reason so many lawyers specialized in contingency fee lawsuits in which they are paid a percentage of whatever they win for their clients. This encourages the filing of spurious lawsuits. Because a new lawsuit is filed every thirty seconds, the average business owner or professional person stands a chance of being sued several times in his or her lifetime. Under the current system, any suit, no matter how apparently worthless, can result in a ruinous judgment. Remember the woman who was awarded $2.3 million after she spilled hot coffee on herself!
Once a lawsuit has been filed, the law will not allow you to move your assets. You must act ahead of time to protect what you own before it comes under attack.