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Asset Protection & Financial
Privacy Consulting (APFP)?
A: APFP is a professional
group of well-trained, independent Asset Protection Consultants.
APFP is an independent marketing arm for Asset Protection Group Inc.
(APG), the oldest and most respected Asset Protection and Financial
Privacy firm in America.
APG was founded by William S. Reed, a
former collection attorney and author of Bulletproof Asset
Protection.
A:
An asset protection consultant is an individual who will assist you
in preparing a bulletproof asset protection and financial privacy
strategy. He or she will also assist you in executing this
customized plan so that you can rest assured that you have
everything in place to protect you.
A:
Without Asset Protection you could suddenly lose everything you've
worked for. Nine out of 10 lawsuits in the world are filed in the
United States. There is a new lawsuit filed every 30 seconds. If you
own a business or practice a profession you have a 1 in 3 chance of
being named a Defendant in a lawsuit in the next year. Without asset
protection most of your estate could go to the government, not your
heirs.
A: Everyone needs 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 and 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 debts and taxes are
separate from those of its owners, officers, and directors.
Therefore, a corporation provides an individual, whether a business,
salaries, or on commission, with the greatest personal liability
protection.
A:
A Nevada Corporation provides asset protection and financial privacy
without having to leave the country. Nevada is the only State in the
Union that does not share confidential information about its
corporations with the Internal Revenue Service. In 1992 the IRS
requested such an exchange program and Nevada Governor Bob Miller
turned them flat down. Nevada is also a business-friendly Tax Haven
for Companies and Individuals. Nevada is the only state that permits
the use of Bearer Shares for Privacy Ownership. There is no minimum
start-up capital required, no annual reports necessary, shareholders
and directors to not need to be a resident of Nevada (or even U.S.
citizens) and do not need to come to Nevada to form the corporation,
and a corporation can be formed without delay; usually within 24
hours.
A:
Each individual client's need is different. We can assure you of
this, our fees are very competitive.
A:
IBC means International Business Company.
A: Just a quick, 60 miles from Miami, the Commonwealth
of the Bahamas, an independent country within The British
Commonwealth of Nations, is a tax haven. There is no income, capital
gains, corporate, estate, profits, sales, value added gift, or
inheritance taxes. The Bahamas has no taxation agreements with other
countries. There is no tax treaty between the U.S. and the Bahamas.
The Bahamas Bank and Trust Company Regulatory Act prohibits the
disclosure of information pertaining to a client's affairs to a
third party without the customer's written permission under penalty
of law.
The Bahamas is the largest
offshore financial center in the Caribbean with more than 300 banks
and trust companies. It is second only to London as the largest
Eurodollar center in the world. Nassau serves as the headquarters
for the branches and subsidiaries of many large, international,
financial organizations. Experienced and capable attorneys,
accountants, trust officers, and bankers are available. There are no
restrictions on the movement of investments, corporations, or trusts
into or out of the Bahamas.
English is the official
language. The English common law prevails, as amended by local
statutes. A member of the British Commonwealth, the Bahamas boasts
of the third oldest democratic system in the world.
The Bahamas has convenient
airline connections with North and South America and with Europe.
Worldwide telephone and facsimile services are excellent. Telephone
calls to and from the Bahamas can be dialed directly. United States
citizens may enter the Bahamas without a passport. With spotlessly
clean beaches and a balmy year round temperature of 72 degrees, the
Bahamas is a delightful location to visit on business or pleasure
and an ideal retirement location.
A:
For most people, a Nevada corporation will adequately protect their
assets. And APFP helps many clients each year form a corporate
shelter in Nevada. However, for those who desire - or need - the
maximum in judgment-proof asset protection, especially from a U.S.
government agency, APCG recommends an international business company
(IBC) in the Bahamas.
Here's
why:
The first step in becoming judgment-proof is to get
your assets out of your personal ownership. One of the best ways to
do this is to transfer your money, investments, vehicles, property,
and other assets into an offshore corporation. This is a legal
entity that you control. Lawyers for plaintiffs will only continue
to pursue cases they believe will pay off, not those against
judgment-proof defendants. The best way of getting the
plaintiff’s lawyer to accept a token settlement is to convince the
lawyer that your assets are truly beyond the lawyer's reach.
By forming an offshore
international business company in the Bahamas, you create a legal
entity to hold assets, even do business. And no one knows who the
beneficial owner is. All of the investigative agencies, which help
trial lawyers, ex-spouses, ex-business partners, and creditors
locate the wealth of the defendants they want to sue, will not be
able to find your sheltered accounts and assets. This makes you a
poor prospect for a lawsuit.
Even if the judgment of a U.S.
lawsuit should somehow target your IBC, courts in the Commonwealth
of the Bahamas do not recognize U.S. court judgments in their
jurisdiction.
The ability to protect your
assets is the reason many doctors, professionals, business people,
and owners of small businesses have
discovered IBC's as an effective way to lower liability insurance
coverage. This can save them tens of thousands of dollars in
premiums a year.
A: You understand the importance of asset protection.
But as you may have already experienced, Trusts are expensive and
often times difficult to maintain. With the creation of a Nevada
Corporation and a Bahamian IBC, the easier it is to access and
manage your assets. Another added benefit of APFP’s service is that
we also provide the much-needed financial
privacy that is a necessary component when establishing Bulletproof
Asset Protection. This is one benefit that a Trust can never
offer.
A: APFP
and its consultants do not sell Nevada corporations or IBCs. We sell
BULLETPROOF ASSET PROTECTION and
TOTAL FINANCIAL PRIVACY. However, Nevada corporations and
IBCs are tools used within our packages, which also contain- as
standard fare – many services that few if any competitors offer at
any price. These services include a confidential street mailing
address, our nominee service, federal tax ID number, assistance in
establishing corporate bank and brokerage accounts, offshore Master
Cards for immediate access to funds, and our consultant membership
that allows unlimited toll free calls for assistance from our
experienced staff.
Plus,
don’t forget that our packages include individual consultations with
our carefully screened and personally trained ASSET PROTECTION
CONSULTANTS, who individually customize our packages for each
client – to meet their needs for total asset protection and
financial privacy. When all of this is factored in, our suggested
fees are not only extremely competitive, they’re truly
bargains.
A:Yes. But the key to asset
protection is privacy, and a Nevada corporation without a nominee
officer and private bank account/debit card is useless for that
purpose. You can get a Nevada corporation alone, cheaply ,but if you
inquire about nominee, registered agent, opening a bank account
while keeping you anonymous, you will find those to be huge, extra
fees (if you can even get those services). No one offers the
combination of service and price that we do -- we guarantee it. No
one else offers our unlimited, legal consultation once you have your
corporation. Back to Top
A:No. Nevada corporate
law states that the shareholder(s) are the owners of the
corporation. The officers are 'employees' of the shareholders and
cannot execute a transaction without shareholder approval. In your
Nevada and/or offshore corporation, YOU
are the shareholder. Your corporate bank account is set
up so that YOU have the only access to it, while remaining
anonymous. Back to Top
A: No, we do everything
for you to set up the corporation. If you are going to be the signor
on the corporate bank account, the bank requires two signed forms,
which we provide to you. Back to Top
A: We do everything for
you, to set up your corporation. But every offshore bank/brokerage
requires the following documents from the person who will be the
main signor/beneficial owner of the account. No one in the U.S. has
any jurisdiction to get this information, but the bank/brokerage
itself must know who the signor is:
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- Signed,
notarized, four-color copy of a Passport. The picture must
be
clear.
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- Signed,
notarized, four-color copy of a Driver's License. The
picture must be
clear.
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- A copy of a
utility or cable TV invoice with the name and home address
of the signor and/or beneficial owner.
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- A bank reference
letter stating the banker has known the signor and/or
beneficial owner for at least three
years.
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A:We can provide a
signor for your Nevada corporate account (will full security
safeguards in place, of course) so that you can bank with total
anonymity in the U.S. But every offshore bank must know who
you are, so that if you walk in off the street some day wanting your
funds, they know it's OK to give them to you. But remember that no
one from the U.S., not the IRS or any attorney, judge or law
enforcement officer, has any jurisdiction in the Bahamas. They
cannot seize your offshore account or name it as an asset in a
lawsuit. Bahamas law strictly prohibits the disclosure of any
information about anyone owning a Bahamas corporation, to any
outside, third party. Back to Top
A:There are many ways.
You can get a no-income, no-qualifying mortgage or loan if you need
to buy property. They may loan only 70% of the value rather than the
80% you get with asset qualification, but these loans still are easy
to get. They use the property itself as collateral and you don't
have to show income or assets.
Also, banks will always give you
unlimited credit cards. With several of these, you can raise a lot
of cash quickly. Back to Top
A: There is somewhat of
a negative connotation that if you protect your assets, you're doing
something wrong. We have a double standard in this country.
When the wealthy and/or famous protect their assets, people call it
smart financial planning. When the rest of us do it, they call it
evading your creditors. But under the law, everyone has the legal
right to protect their assets, and they should do
so. Back to Top
A: Courts don't allow
you to transfer assets once a judgment is filed. You MUST have your
asset protection program
set up BEFORE creditors, the IRS, or
collections attorneys come after you. Back to
Top
A: Trusts are very
expensive (as much as $40,000 to set up and $20,000 a year to
maintain), they're too complex and they are inflexible. You cannot
easily move any asset in and out. There are too many bogus trusts
and sham trust promoters out there, so consequently they are always
under federal investigation. We strongly urge you to stay away from
offshore trusts. An international corporation gives you the very
same protection as a trust at a fraction of the cost, with much
greater flexibility and ease of use. Back to Top
A: All 50 states offer
corporations. Delaware is perhaps the most famous. But Delaware is
designed for public companies, and all states except Nevada publicly
list all corporate officers. Nevada is the only state whose
corporations are designed for private individuals, and is the only
state able to accommodate those seeking privacy, tax savings and
liability protection all rolled into one. Back to Top
A: No. He legally and
truthfully says he doesn't know who the owner is. This is because he
does not know who is holding the Bearer shares for your corporation.
You also can say the same thing, if questioned. You do not legally
'own' the corporation if you do not have the Bearer shares in your
direct possession at that moment. Nevada does not keep track of
amounts of stock issued nor to whom, nor doest it require
corporations to ever issue stock in the first place. Back to
Top
A: NO! Nevada exchanges
no information with the IRS. The IRS requested such an exchange from
all states, in 1992. Nevada's governor turned them down flat, and
the state has remained steadfast in that denial. Neither does the
Bahamas. The IRS has no jurisdiction whatsoever in the Bahamas. Most
states share information freely with the IRS because the IRS then
supplies pertinent tax information to them as well. Nevada has not
state taxes, therefore it has no incentive to cooperate with the
IRS. Back to Top
A: Nevada has no
corporate or personal income tax. This may be important if you live
in states with state income tax rates that are high. The first step
is to establish a Nevada corporation to work with your current
non-Nevada corporation. Then you can employ your Nevada corporation
to provide a service to your non-Nevada corporation. Your Nevada
corporation can be a supplier, financial consultant, marketer,
advertiser, management consultant or serve in some other capacity as
a provider of services to your non-Nevada corporation. Then your
non-Nevada corporation can pay your Nevada corporation for services
rendered, creating an expense for your non-Nevada company and income
for your Nevada corporation in a tax-free state. Back to
Top
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