Charging Order Protection Video Transcript Charging Order Protection is a concept that’s used by every Tom, Dick and Harry marketing asset protection to attempt to lure you into purchasing products that oftentimes are ineffective and inappropriate. It’s also something I rely upon and use everyday in my business and I’m just going to touch on […]
Continue readingCategory Archives: ENTITIES (Trusts, FLP’s, LLC’s and Corporations)
How Strong is that Corporate Veil?
Asset Protection Training Video Transcript I’m taking on a very popular & very common misconception. It deals with corporations and the strength of protection they give. Now, we’ve all heard that corporations offer excellent protection, that they have a corporate veil. What is a corporate veil? This corporate veil protects the shareholders from creditors of […]
Continue readingHow Good is That Nevada Corporation
Video Transcript – Nevada Corporations are Scams unless you live in Nevada Today, I take on one of my favorite scams and one of the legitimate asset protection issues that you’re all going to confront. If you do any looking on the internet for asset protection, you’re going to come across Nevada corporations. I did […]
Continue readingDomestic Asset Protection Trusts in 3 minutes
Video Transcript- Domestic Asset Protection Trusts in 3 min Today, I’m going to take on a widely promoted, widely advertised product that you should stay away from. Don’t touch it. What is it? Domestic asset protection. Well, simple, domestic asset protection and domestic asset protection trusts. This is absolutely a ridiculous way to spend your […]
Continue readingBanking and Single Member Offshore LLC’s
Today, I’m going to be talking briefly about offshore single member LLCs. What are they used for? How do you form them? What does an agreement look like? I’m going to keep it simple and straightforward right now. What are single member LLC’s? Offshore single member LLCs are normally disregarded entities. You need to be […]
Continue readingEquity Stripping: the good, the bad and the ugly
Although equity stripping can be an effective (and sometimes the only) means to protect assets, it requires much skill to implement properly. Poorly designed programs are often either vulnerable to fraudulent transfer rulings, or are costly from a tax and/or economic perspective. In addition to exploring the benefits of equity stripping, this chapter seeks […]
Continue readingLimited Liability Concepts and Veil Piercing
Limited liability means you are not responsible for a business’s debts, and generally the business is not responsible for your personal debts. It is like you and your business are two unrelated people–almost like your business is a distinct person. Unless a creditor convinces a judge that it is your alter ego, it will remain […]
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