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Advise about asset protection.

Discussion in 'Business & Tax Advice' started by M0M0ney, Sep 24, 2010.

  1. M0M0ney

    M0M0ney Newbie

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    So, Ive been researching this for a few days with meager results.

    I am reluctantly finding out that the same applies in the justice system as it does in our economic/banking system. Only the rich can conduct business in privacy.

    I am frustrated, angry, and just disillusioned with the whole deal. Now considering exploring other places that respect the privacy and sovereignty of the individual. I feel that many others agree and may be considering alternative locations to call home.

    It is unfortunate, the american dream has all but vanished in a black cloud of over-regulation and a counter policy of dominant Corporatocracy.

    Am looking for a simple solution of access and protection of assets. I would like appreciate anyones opinions or suggestions.
     
  2. poorlife

    poorlife Newbie

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    As long as you aren't breaking the law you should be good. I recommend buying gold. And the broker I recommend with the lowest spreads and cheapest prices is American Gold Exchange.
    Posted via Mobile Device
     
  3. stressfree

    stressfree Senior Member

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    go on then go to Nigeria/Far East and try to conduct your bizz....when it all goes wrong you'll be back.
     
  4. M0M0ney

    M0M0ney Newbie

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    Thanks for reply...

    Does anyone bank or process purchases with a company that is overseas?
     
  5. volund

    volund Senior Member

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    Seriously dude nobody is safe anymore. The US has even made the Swiss open up their banks to them to find the tax evaders and those were some big money people they were after. Write off as many business expenses as you can get away with.Talk to a cpa and make sure you are writing off everything you possible can. Convert at least 50% into gold and silver. Personally I go with coins but there are lots of ways to go about it.
     
  6. Venture

    Venture Regular Member

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  7. flowsimple

    flowsimple Newbie

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    I know this is kind of late in the thread but I thought I'd share what I found on asset protection.

    There are "kits" that supposedly help you setup these legal entities to isolate liability from each other, but most of these aren't done correctly. There are AP advisers and shysters, be careful of those, their protection won't stand up in court if you were ever sued. And ANY expert who tells you that their asset protection plan can save you on taxes is full of S%$$, and you should run the other way! A good ap plan just protects your assets, nothing more.

    The best thing is to go to a legitimate attorney, one who is practiced in this area of law and an expert nationally, on domestic and foreign asset protection. There are some good ones out there. I found Lodmell & Lodmell's to be the best guys. Check them out, google Lodmell. Their main guy, Douglass, check out his videos. He's got a bunch on the website and on youtube.
     
  8. tb0n3

    tb0n3 Newbie

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    Cash, a Safe, Doberman and a 1911 45 has served me well
     
  9. goldstein14895

    goldstein14895 Newbie

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    haha no nigera is not the best place, try finland that would be better.
     
  10. wrangler

    wrangler Regular Member

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    Finland? Are you kidding? Finland has very strong laws enabling their Government in this nature of thing, not the opposite! I'm assuming that you said Finland because you don't know anything about it, rather than because you think that you do, in that case.
     
  11. Lonnie

    Lonnie Newbie

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    I highly recommend the Asset Protection advice in this book. FYI, most men think this only applies pre-marriage. If you're still cashed up post-divorce, you should immediately take steps to seal away and protect whatever assets you have left that your wife didn't seize. Because sooner or later she'll get the itch to piss you off and take you to court.


    _____________________
     
  12. Coolof

    Coolof Registered Member

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    agreed. Better to think ahead, and to think!
     
  13. BorisTipsIt

    BorisTipsIt Regular Member

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    Buy and hold twinkies. Last for 99 years. Now if I could just figure out how I got
    diabetes...
     
  14. TNphoneman

    TNphoneman Senior Member

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    Pick up the book "Own Your Own Corporation" a part of the Rich Dad's advisors series by Garrett Sutton. It explains how to set up multiple corporations to protect your assets. The key is that you can not control both corporations or they can still come after the assets. It is a really good read.
     
  15. Coolof

    Coolof Registered Member

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    thx, goona check it.