That's great! Thanks so much for such a thorough reply! Yes, at one point in my investigations I was thinking to what extent you would use it for asset protection or just simply an alternative ID - I see it's solely the latter. And I really appreciate all of the explanations, it makes a lot more sense now and corresponds with what I've read in other topics.
At the moment my requirements are small, since I travel a lot and I deal with people online - seems pretty easy to avoid various regulations. But eventually I will land somewhere so it would be more desirable to expand, rather than to scrape and start again. I do things with long-term in mind so I do take time to make decisions.
Interesting it came about as a part of a simply very intriguing conversation and concepts you have shared here. Thanks again! I guess I should study law more closely. The internet, as vast as it may be, in that area is lacking in such information. No surprise there, who would like to reveal their secrets? Besides a lot depends on every case I suppose. Are there any decent sources (in any form really) to get more insights on such matters? At the end of the day, no matter who you work with, it's vital to understand what's happening, as it's your life and assets at stake.
It seems that curiosity brought me an interesting suggestion to my own internal thought struggles. Since I'm planning to incorporate somewhere offshore at the moment I was asking myself - what are the next steps upwards. What if I build up something bigger and my requirements change - what's next? How to do it properly, so I don't unnecessarily have to construct anything new from ground up, leaving mess behind.\ said: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
At the moment my requirements are small, since I travel a lot and I deal with people online - seems pretty easy to avoid various regulations. But eventually I will land somewhere so it would be more desirable to expand, rather than to scrape and start again. I do things with long-term in mind so I do take time to make decisions.
Interesting it came about as a part of a simply very intriguing conversation and concepts you have shared here. Thanks again! I guess I should study law more closely. The internet, as vast as it may be, in that area is lacking in such information. No surprise there, who would like to reveal their secrets? Besides a lot depends on every case I suppose. Are there any decent sources (in any form really) to get more insights on such matters? At the end of the day, no matter who you work with, it's vital to understand what's happening, as it's your life and assets at stake.