i've been following some posts here and must say it's a very interesting topic. For me it might not of any use today (i require far more simple solutions today, since i don't deal with millions (yet)) but it's been a very good read (especially for a type like me, who wants to know how things work, increasing complexity levels).
I think
tventures has already released a lot of interesting information on id remedies, which i think (hopefully) i'm beginning to understand (if i pile up the strips of info from various topics on this forum) - though i would welcome the original author's comments to correct my thinking as i'm not a lawyer and just attempt to logically connect the dots.
An id solution seems to be just a type of an llc company which essentially doesn't record any information about directors, members or owners etc. According to tventures there is a jurisdiction like that in the us, and it's not delaware (time for some homework
).
feel free to contact me for such a location. Google 'naturalsoaks', a dot org website, and email that nominee to forward a request to speak to the director of aag
so if
privacy is your concern, registering such an llc gives you maximum privacy as no information about you is recorded anywhere. You then use this llc whenever you would have used your real name, e.g. Being a side of a contract of any sort.
yes
it has two advantages - a) your name, address etc. Is nowhere to be found, b) it's an llc, so in fact it's a separate legal entity, your personal assets are safe.
you person is safe. It is outside your assets, because your assets should have been transferred into another vehicle so you no longer have ownership, only control. In litigation, the first step is finding out if its worth suing. Whats the point if you are a ghost?
this is the point where i have to speculate how it all works without any names recorded (since i'm not a lawyer i'd welcome any corrections - it's by making mistakes we learn in the end). Is there just a need for a company seal to be used or are there simply some nominees acting in the name of the llc?
for id remedies, no seal is needed. The law behind seals has a altogether different purpose. There are different ways to command the llc, which is dependent on what situation it will be used for. Remember, id solutions never have assets or monies, because they are purposefully being treated as a alter-egoessentially however, never in no documents that can be dug out is your name to be found.
not anywhere, anyplace, whether government drawers, computers, etc, or other; unless you decided to post your receipt for the llc from a provider on youtube, etci guess the only person having documents confirming you are the founder of the company is yourself (well, somebody has to, right?).
yesbut externally it's untraceable.
completely, it is the only true ghost entity known to this firm
so if your goal is privacy and
asset protection that's the ideal vehicle.
only privacy. Now the entity (other ones then the one you buy to use as a alter-ego) can be used within a asset management structure, very effectivelyyou can use another llc like that to create another entity offshore to hold your assets. However, as tventures mentioned, this solution is not used for opening bank accounts, going shopping etc.
the entity coupled with that specific solution remedy is not for banking/asset purposes. Does not mean the llc coupled with alternative purposes and reasons would not be appropriate to have a bank account, etcit's, as i understand, a way of detaching yourself from your wealth, so it's safe no matter what happens as well as for performing other operations, using the llc's name instead of your name.
you are beginning to understand
if you want to be one of those billionaires who never get published on the forbes list, i think that's the way to go.
yes, but if you are prepared to spend the money and are such a person, it would get alot more complicated legally, but still being just as simple to the legally unlearned, but would require some educational classes so the 'why's' can be understood. If the why's are not understood, one will find themselves voiding a structure within the first hour they acquire it. This is what happens with most offshore entity acquirers. Many can tell you what they got and why they choose that over that, etc. Few, including those purporting to supply such entities, know how to truly use them.
because if you're really wealthy and you want maximum privacy it's a very difficult task to accomplish.
easier than for a poorer individualwealthy people are easy to spot.
wealthy people is just a legal fact of a condition. The lifestyle most commonly induced by the condition known as wealthy is easy to spot. It is the same as it was in babylon, rome, and today. Humbleness vs mammonso if someone wants to track you down - where you live, how wealthy you really are, what do you own etc. You don't really want to help them by using your name and address everywhere, do you?
exactlywhenever they try they can only bump into xyz lcc.
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now there's a problem of actually dealing with money, opening a bank account etc.
no. That is where other structures with different purposes come in. Privacy is different than revenue which is different than asset holdings which is different than surplus monies holdingsthat i'm not quite sure of but from some advice in other topics i only see suggestions of prepaid cards or, even better, "cold
cash".
if you are adopting a lifestyle of privacy, or even psuedo privacy, why would one use digital monetary transaction methods if they are able to use cash? Obviously, in this online age, cards are needed. Prepaid cards can work for low balance purchases, etc. More indepth solutions for high balance purchases require a structure. and adding an offshore entity for doing larger transactions - my guess is "anonymous corporation", where only the company name is attached to the wire-transfers.
yes, no sense in volunteering more information than is required
bear in mind that tventures appears to be talking here about a really fair amount of wealth that simply requires all additional layers. I'm guessing most of the people looking for template solutions get just enough for their needs - but it ain't enough if you have much much more.
not true. Whether you have 10 dollars or 10 million, the same principles apply. Does your structure have a void corpus and are you using the entities correctly according to corporate law? A three legged tri-level structure could serve a 100k or 100mil. Truth is truth. If one can not afford a full solution right away, so what. Does not prevent one from buying an entity or so at a time and slowly gaining the understanding. Asset management can not be compared to a grocery store. It is not a in and out procedure. Learn from the wife, and take a loong time to buy 4 things, but than be like the man and buy those 4 things efficiently
and then you can also afford much much more - like anonymous cards with high spending limits and sustaining complex multilevel structures.
anonymous cards are a waste of your money. The law and legal world create your "anonymity" and leave the greasing of bank palms to the money wasters
now i'm looking forward to some comments and explanations, because i am just a beginner, so i'd like to see if my thinking is correct - and where it isn't.
