SOMEBODY IS ALWAYS TRYING TO GET WHAT
YOU HAVE
The case
involves a 1981 wreck in which Mr. Curtis wasn't hurt but the teenage driver of another
car was killed and the driver of still another car was partially disabled. Mr.
Campbell maintained he wasn't to blame for the crash, but a Utah state court jury in
1983 held him responsible and leveled $235,000 in damages, more than five times his
$50,000 policy limit. As he reeled from the shock of the large verdict, Mr. Campbell
testified, that the State Farm lawyer who had handled his defense advised him to "put
a 'For Sale' sign on your place," and the elderly man began to inventory his
assets...Specifically, Judge Bohling reduced the punitive portion of the award to $25
million from $145 million, and the compensatory piece to $1 million from $2.6
million." The Wall Street Journal.
Today's
litigation intensive society is no real secret to anyone with any type of income, or
assets. Jury awards are way in excess of what might be considered to be
"reasonable" in anyone's wildest imagination. Is it no wonder that
insurance costs are soaring?
What would have
been the jury's award if the above driver were perhaps a well to do physician, dentist,
business owner, or worse yet, if it were you?
Proper planning
and the sheltering of assets, is Of the utmost concern to anyone who has invested a
lifetime of hard work to accumulate a comfortable lifestyle. Remember, there are an
abundance of high quality attorneys, who can perform a "Standard Asset Search',
(SAS), in a matter of a few short hours. Based upon your ability to pay, will in a
large degree, be the determining factor if a lawsuit will be filed against you.
ARE
YOUR ASSETS ON THE LINE?
The main question
is "WHO NEEDS ASSET PROTECTION?" The answer is only somewhat summarized by
stating that anyone who holds any type of business, or professional license, officers,
directors, corporate management, "high profile", "wealthy",or
"successful" individuals.
Physicians,
dentists, chiropractors, and other highly trained professionals will find that their
professional liability coverage is either limited, unavailable, or that the
"exclusions and limitations" are so broad and restricted that the policy has
very little value. Remember, insurance companies are in business - not to pay -
unless absolutely necessary.
ARE YOU
A DEEP POCKETS DEFENDANT?
Do you own a
rental, or commercial property? Are you a general or subcontractor, developer, an
"affiliated broker" or virtually anyone who could be remotely tied into a
lawsuit as a "Deep Pockets" defendant? Then you are at risk and must do
something to protect yourself.
What are the
chances of collecting a multi-thousand/million dollar judgement against you if you had no
assets? Do you really believe that an attorney would even bother to file a lawsuit
against you to begin with? No Assets = No Recovery = No Fee = Total Zero!
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STRATEGIC PLANNING IS THE KEY
The key in all of
this scenario is proper planning to guarantee that you remain in control of your assets
and not somebody else. The issues that we face today are wide ranging and varied.
The road to wealth preservation is riddled with potholes: |
- SEXUAL HARASSMENT - WRONGFUL
TERMINATION
- DISCRIMINATION- CIVIL RIGHTS -
ENVIRONMENTAL VIOLATIONS
- LIABLE- SLANDER - DEFAMATION
- WRONGFUL DEATH - DISABILITY -
LIFETIME LOSS OF EARNINGS
- DIVORCE - BREACH AND/OR
CHALLENGE OF A PRENUPTIAL AGREEMENT
- PROFESSIONAL ERRORS &
OMISSIONS - MALPRACTICE
The list goes on
and on. As one attorney told me, "ANYBODY CAN BE SUED AT ANY TIME FOR ANY
REASON". Strategic planning and "repositioning" of assets can provide
a multitude of benefits and eliminate a number of those "pot holes" on your road
to wealth preservation. There are ENDLESS POSSIBILITIES that are available to every
client in the planning process. Based upon a very careful study of every client's
needs and goals, we can determine the most effective way to insure that you keep what you
own.
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NEVADA = ANONYMITY = PROTECTION
THE NEVADA CORPORATION -
HOLDING COMPANY - LIMITED LIABILITY COMPANY properly executed, can be a very effective
first line of defense for not only conducting business, but sheltering assets as well.
A Nevada Corporation can purchase, convey, lend, exchange, lease, acquire and
mortgage both real and personal property, etc. |
NEVADA
HAS CREATED THE MOST LIBERAL CORPORATE TAX LAWS IN AMERICA
NEVADA Features
No Franchise Tax; - No State Tax; - No Tax Reports or shareholder disclosure; Shares no
information with the IRS.; - Directors & Officers are protected; - No capital gain or
transfer tax; - No Personal Income Tax; - No minimum capital requirements; - No
Inheritance or Estate Tax; - No inventory tax; - No usury laws; - and no restriction on
the sale or transfer of corporate shares.
MOST IMPORTANTLY
however, the 64th Session of the Nevada Legislature passed legislation which was signed
into law by Governor Richard Bryan that PROTECTS DIRECTORS & OFFICERS FROM PERSONAL
LIABILITY FOR ACTS COMMITTED ON BEHALF OF THE CORPORATION, OR BY THE CORPORATION!
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A MAJOR
advantage of doing business in Nevada, is that stockholders and Directors are not required
to live in or hold meetings in Nevada. In fact, such meetings may be held anywhere
in the world.
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THE OWNERS OR STOCKHOLDERS OF NEVADA CORPORATIONS ARE NOT A MATTER
OF PUBLIC RECORD. By simply working with our Corporate Intermediary Program, only
one of the Registered Directors, appear on public records - and that's not you! We
keep you completely anonymous. Nevada is an outstanding place to hold a
"SECONDARY BUSINESS", which is out of reach of your Home State. You
LEGALLY have the ability to arrange for an office, telephone, banking, and mail service
through our Corporate Resident Agent Referral Program. |
OFF - SHORE
PROTECTION MAY BE FOR YOU
To guarantee a
deeper layer of protection, consider the vast possibilities of an OFF- SHORE CORPORATION,
or TRUST, in the Nevis, or Cayman Islands. These "Tax Havens" feature
business friendly, stable governments, and insure maximum privacy and protection against
civil judgements.
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These Caribbean "Havens", are
considered to be the premier Off-Shore jurisdictions for corporation or trust
formation. These countries do not recognize civil levies from the United States, nor
are they going to allow somebody's attorney from the U.S. to confiscate your SOVEREIGN
ASSETS. |
Some
of the general highlights of these "Havens" are:
Streamlined statutory
requirement;
Sophisticated
telecommunications;
Instant name clearance;
Shareholders, Directors, and
Officers may be of any nationality & reside anywhere;
No reports by Shareholders,
Directors and Officers are required to be filed;
No financial returns or
accounts need to be filed;
Shares may be Issued in
registered or bearer form;
THE DIRECTORS AND SECRETARY MAY
BE CORPORATE BODIES;
The company records and
principle office may be located anywhere;
Companies may amend their
Articles of incorporation, MERGE, or CONSOLIDATE
with Foreign Corporations and file Dissolution.
We can provide
the method to transfer assets from your Nevada Holding Company or Corporation, into your
Off-Shore Corporation if the need should arise.
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SOME OTHER - PLANNING IDEAS
Your corporation
can legally channel tax deductible dollars back to you. By implementing a SELF
DIRECTED Pension Plan, YOU DIRECT the investment program in a multitude of
"accepted" portfolios, including, but not limited to:
REAL ESTATE, RARE
COINS, GOLD/SILVER, ART, Securities, Annuities, and other "traditional &
non-traditional" assets. The Key is that YOU are the TRUSTEE who legally
directs your investment account. Outstanding results & asset protection.
Utilize CORPORATE
DOLLARS to provide yourself multiple - tax favored - benefits, including Life, Dental, and
Disability Insurance; 501(C)(9) VEBA Trusts, Charitable Trusts, Medical Savings Accounts
and more. Maximize and leverage the corporate revenue to your advantage.
Save thousands of
dollars in Federal Estate Taxes with the proper coordination of a Revokable1 or
Irrevocable, Living Trust. Eliminate the tedious process of Probate & shelter assets
at the same time.
Top of Article
For More Information
contact:
Strategic Resource Advisors, Inc.
251 Jeanell Dr. #3
Carson City, NV 89703
1-800-916-3308
e-mail Drtomhudson@earthlink.net
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