Asset Management and Business Instruments There are a several business structures that when used in a strategic collective they provide business owners asset protection, legal tax shelters as well as avenues for community outreach and goodwill.
The same can be applied to personal wealth, assets and protection. Click the link below to learn how our private consultations can develop strategies which meet your specific needs.
BUSINESS INSTRUMENTS & ASSET MANAGEMENT TOOLS
We work with our clients and industry experts to determine the best business and/or combination of business structures which will best serve the goals indicated during our interview process. We then assist our clients to register the appropriate business structure. Below are examples of the types of services we provide.
LLCs – any state with special emphasis on Nevada, New Mexico, Delaware & Florida
LLCs in general provide protection as they are Limited Liability Corporations (LLC). There are other benefits depending on the state in which you incorporate your LLC such as:
o No annual filings, annual reporting, or licenses
o Multiple Member LLCs have option for Corporate Taxation lieu of personal
o A means to transfer assets privately
o Little or no state tax liability
Non-Profits and Charitable Foundations
FAMILY TRUSTS: A family trust is a trust set up to benefit members of your family. The purpose of the family trust is for you to progressively transfer your assets to the trust, so that legally you own no assets yourself, but for you, through the trust, to still have some control over, and get the benefit of these assets.
BUSINESS TRUSTS: A business trust is a legal organization set up for the control and management of assets and property. A business trust becomes the owner of the assets within it. Its beneficiaries may receive its profits or income, and eventually, its beneficiaries may receive disbursements of the assets. This type of trust provides a way to keep business assets safe from creditors and lawsuits. Depending on the jurisdiction’s laws and the way the trust is created, it may provide protection from certain types of taxation as well.
CHARITABLE TRUSTS/FOUNDATION: A charitable trust/foundation is designed to reduce beneficiaries' taxable income by first donating a portion of the trust's income to charities and then, after a specified period of time, transferring the remainder of the trust to the beneficiaries. We can explain how establishing our charitable trust/foundation allows you to reduce liability while giving back to the community.