How the Nevis LLC Can Help Protect Your Assets
Another great
international protective entity is the international Limited Liability
Company “the LLC”. This entity is similar to the Domestic Limited Liability Company, except
that it is established internationally based on international laws. Every
international jurisdiction has its own set of laws for creating a limited
liability company in their country. One very protective jurisdiction for
the international Limited Liability Company is Nevis. A Nevis LLC is significantly
more protective against current creditors than an international Trust.
A Nevis LLC can be member-directed or managed by a foreign director. After
setting up the LLC, you contribute your assets to the LLC and become a
member of LLC member. As a member you indirectly own, but do not manage,
the LLC. Management rests with the director. This transfer of control
(you not being the manager) protects the LLC assets from U.S. court orders.
The Nevis LLC has several other benefits that can help to protect your assets:
- The Nevis LLC is tax neutral. You can elect to have it taxed as a partnership
or C corporation.
- You can structure your Nevis LLC so that its profits flow to its members
in whatever proportions you specify, which can differ from the actual
ownership interest.
- You can appoint a protector to oversee the managing director.
- You can also have a flight or Cuba clause so that your manager can expatriate
threatened LLC assets to another protective entity in another IFC.
- The managing directors and members of the Nevis LLC are immune from company
liabilities.
- Nevis LLCs do not require minute books, annual director or member meetings,
or compliance with other customary corporate formalities.
- Your Nevis LLC can be owned by an international trust or combined with
domestic entities − FLPs, LLCs, and irrevocable trusts.
- A Nevis LLC is less costly to organize and maintain than an international
asset protection trust.
Please visit my website or contact me directly if you would like any more
information regarding Asset Protection or Estate Planning, or would like
a copy of my best-selling books on Asset Protection (complimentary if
you mention this Blog).
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http://blog.vistage.com/finance/nevis-llc-can-help-protect-assets/#sthash.2G5v1JSq.dpuf
YES, YOU CAN LOSE EVERYTHING!
You may think that your wealth is safe and that you don't need protection.
But don't delude yourself and accept reality — for every 60
minutes you spend making money, spend 60 seconds thinking about how to
protect it!