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Offshore Asset Protection 1)Trust 2)Private Foundation 3)Limited Liability Company 4)Corporation

Offshore Asset Protection 1)Trust 2)Private Foundation 3)Limited Liability Company 4)Corporation. Robert E. Bauman JD Legal Counsel. Offshore Legal Entities. Robert E. Bauman JD International Living, The Sovereign Society Email: liberty100@bellsouth.net. Common Factors.

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Offshore Asset Protection 1)Trust 2)Private Foundation 3)Limited Liability Company 4)Corporation

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  1. Offshore Asset Protection 1)Trust2)Private Foundation 3)Limited Liability Company 4)Corporation Robert E. Bauman JD Legal Counsel

  2. Offshore Legal Entities • Robert E. Bauman JD • International Living, The Sovereign Society • Email: liberty100@bellsouth.net

  3. Common Factors • * Define your objectives • * Actions in entity name, not your name • * Open bank account • * IRS reporting extensive • * Get professional advice, US and offshore • * Get cost estimate now and future • * Greater privacy; TIEAs, MLATs • * Beware Tinkertoy Schemes

  4. Trusts: Solid Asset Protection Made Easy What is a trust? What Can it Do? How Does it Work? • Protect Your Assets by Giving Them Away • 1)Grantor 2) Beneficiary 3) Trustee • US Taxes, Reporting • What Assets Can be Placed in the Trust? • Offshore Asset Protection Trust (APT) • Management

  5. Private Family Foundation • Structure: Founder, Council, Beneficiaries • * Family Members Only, blood or marriage • * No business management • * Make, manage investments, distribute • * Much greater control • * Treated as a trust by IRS • * Panama, Liechtenstein, Bahamas, Belize • * Cost: $1500, annual $1000

  6. Limited Liability Company • * LLC like a partnership • * Manage business, hold title • * Single or multiple member • * Members assets exempt from claims • * Better asset protection; charging order • * Nevis, Cook Islands, Isle of Man • * Cost: $750-$1000

  7. International Business Corporation • * IBC used for multiple purposes • * CFC pays US taxes • * Panama, no taxes on offshore income • * The IRS per se list • * US owners taxed, reporting required • * Cost: $750-$1000, annual maintenance $1000 • * Panama, Hong Kong, Singapore, Bermuda, Isle of Man, Switzerland (cantons)

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