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The
best way to protect your assets is not to own any. This flies in the face
of the American Dream to own a home, car or stock
portfolio.
However, it is when you own an asset that it is
vulnerable to
attack.
How
do you not own your assets but have use of them as if you
did? By setting up a
corporate entity to be the owner of the assets while you
maintain complete control of them. Correctly set up
corporations in the right jurisdiction will provide you with
the same bulletproof asset protection that is enjoyed by
millionaires and movie stars.
WHY CORPORATIONS? 
Under
the law, a corporation is an artificial “person,” completely
separate from the people who own and operate it. 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 with the greatest personal liability
protection. This is the
reason why almost all successful people choose to
incorporate. It permits
them to manage their assets anonymously. Their private
corporate lives are never made public. However, it is only in
the state of Nevada or an offshore jurisdiction such as the
Bahamas that a corporation can be set up so that, while you
own and control your corporation, your identity and ownership
can remain a total secret. |
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