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Protecting your Assets through an Offshore Corporation Forming a company offshore is a far superior asset protection technique than any onshore asset protection setup. Shocking to most, is the fact that an onshore asset protection setup can be pierced for any number of reasons. It's an all too common scenario. In the heat of a lawsuit, a sympathetic judge simply sets aside your asset protection trust for one technicality or another. On the other hand an offshore corporation provides a secure place to keep money out of lawsuit prone hands because a judge cannot order you to provide assets you do not own. Invariably, the best offshore asset protection techniques involve either a bearer share corporation which is owned by whoever happens to be holding the physical shares, or an offshore corporation owned by an offshore foundation. Legally nobody owns a foundation so it would be impossible for a judge to order the money be brought back onshore. If you would like to keep your assets safe from lawsuits you should considering forming an offshore company (IBC). Long ago, most offshore asset protection techniques were priced beyond the average business person's reach. Today an offshore corporation and bank account is affordable at less than $2000.
Article Source: http://www.articlegush.com
If you are considering an asset protection structure, consider reading other offshore corporation related information from offshorelegal.org This article is available as a unique content article with free reprint rights.
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