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Stop Being a Target for Money-hungry Lawyers!

David Henderson worked hard at his profession and accumulated the rewards that go with success.
Then a disgruntled client named David as a Defendant in a lawsuit and threatened to “take him for
everything he was worth.” But after David and his attorney had a talk with the plaintiff’s attorney,
the suit was quietly dropped.

The reason? In spite of David's apparent wealth, he does not legally “own” anything that a lawsuit or court
judgment can take. David had the foresight to shelter his assets in judgment-proof entities.

David had the foresight to shelter his assets in judgment-proof International Business Corporations (IBCs),
Trusts and Nevada limited partnerships.

An INTERNATIONAL BUSINESS CORPORATION (IBC) is the only choice for Maximum Protection

For many people a Nevada corporation will adequately protect their assets, however, for those who desire, or need, the maximum in judgment-proof asset protection we recommend an International Business Corporation (IBC).

A growing form of asset protection

An International Business Corporation (IBC) offers a corporation structure which is familiar and comfortable for business and professional people. Most IBCs will operate as a regular investment or trading company. It is possible, however, for a professional advisor to produce a "designer" corporation within the provisions of the Act. IBCs can be adapted so that they function as mutual funds, limited partnerships, limited liability companies, or charitable associations.

 

	Tax Code I.R.S. SEC - 664 Reduces over all Income Taxes   Asset Protection Strategies How to Use Nevada Companies Personal Residence Trusts Equity Stripping Properties Sale and Lease Back Offshore Entities Privacy Trusts           For a Private Consultation
I.R.S. 162 - Over 300 Deductions Available Create "Friendly Liens" to Protect Equipment

WHAT IF You are faced with a lawsuit Do not be fooled - even if you are innocent, that does not mean the courts are on your side. Jurors often side with the plaintiff who appears to need the funds in question rather than the defendant who they assume has money to spare. Even a judge's own personal feelings or politics can put you in jeopardy. Read the following outrageous quote below: As long as I am allowed to redistribute wealth from out-of-state companies to injured in-state plaintiffs, I shall continue to do so. Not only is my sleep enhanced when I give someone else's money away, but so is my job security, because in-state plaintiffs, their families, and their friends will re-elect me." - Chief Justice Richard Neely, West Virginia Supreme Court                                        If you act NOW it's not too late to shield your assets from plaintiffs and their attorneys. Clients are happy to learn that there is still a lot they can do to protect their assets.

 

Judgment-proof your assets to avoid ruinous lawsuits

The first step in becoming judgment-proof is to get your assets out of your personal ownership. One of the best ways to do this is to transfer your money, investments, vehicles, property, and other assets into an International Business Corporation, also called an offshore company. This is a legal entity that you control. Lawyers for plaintiffs will only initiate litigation when they believe it will pay off, not against judgment-proof defendants. The best way of getting a plaintiff's lawyers to accept a token settlement is to convince the lawyers that your assets are truly beyond their reach.

By forming an International Business Corporation you create a legal entity to hold assets, do business and shelter the identity of the beneficial owners. None of the investigative agencies which help trial lawyers, ex-spouses, ex-business partners and creditors locate the wealth of the defendants they want to sue will be able to find your sheltered accounts and assets. This makes you a poor prospect for a lawsuit.

 

Case Story #4: The New York Broker Paul Winters was a successful investment banker in Manhattan. He quickly built up a large personal investment account but was worried over government interference and employment litigation due to some of his highly speculative decisions. Anything could go wrong.  He formed a Nevada Corporation, transferred his funds to Nevada, and then formed an International Business Corporation (IBC) and opened up brokerage and bank accounts in the Cayman Islands. He still had use of the funds and his IBC could easily make the same investments in the United States but now nothing was in his name. In addition, he transferred and re-titled all of his existing bank and brokerage accounts in New York. This allowed him the comfort of leaving funds in the United States while still having the ability to transfer his funds at a moments notice to 'safer waters.'

 

Who should have an IBC

People who have worked hard for their financial rewards, and who want to keep their assets secret and out of reach of lawyers and lawsuits or seizure by government agencies:

Tax Haven

Just a quick sixty miles from Miami, the Commonwealth of the Bahamas is an independent country within the British Commonwealth of Nations and a recognized tax haven. There are no income taxes, capital gains taxes, or corporate, estate, profit, sales, value added, gift, or inheritance taxes. There are also no taxation agreements with other countries and no tax treaty with the U.S.

The Bridgeway Offshore Protection Plan is everything you need to begin your new International Business Corporation (IBC) and operate legally with complete Asset Protection. Offshore Protection is quick and very affordable.

Take steps to lower your taxes

Courts have ruled time and again that people can plan their affairs so as to pay the minimum amount of tax possible and the taxpayer may use any legal means to do so. Americans ventured into the world of offshore havens a bit late in the game, nearly forty years after the rest of the world had capitalized on the financial advantages of moving assets offshore. The fact is that it is still both legal and quite simple for U.S. citizens to shelter their wealth offshore and to accumulate tax-deferred profits.

The best way to protect your assets is not to own any. Only if you own an asset is it vulnerable to attack. If you don’t own the asset, but merely control the asset, then it is well protected.

Secret shares permitted

Stock certificates issued by an IBC may be redeemed by anyone who has them in his or her possession—just like cash. The person who has possession of the shares of an IBC is legally the owner of the IBC. In addition to other safeguards, this makes it almost impossible for anyone to track down your ownership. It also means that when the shares are in someone else’s possession, you can truthfully testify that you do not own the IBC or its assets. The shares of an IBC may be with or without par value. They may be registered, or they may be in the form of stock best suited to guarantee the owner’s anonymity.

Experience the benefits

• Bank Secrecy - The British Virgin and Cayman Islands, to name a few, prohibit the disclosure to a third party of information pertaining to a client's affairs without the client’s express written permission under strict penalty of law. • Major Financial Center - The British Virgin and Cayman Islands are the largest offshore financial centers in the Caribbean, with more than 600 banks and trust companies, and the headquarters for branches and subsidiaries of many large, international financial organizations. There are no restrictions on the movement of investments, corporations, or trusts into or out of these regions. • Promote services and market goods world wide with virtually no restrictions using an International Business Corporation (IBC. • Be both a borrower and a lender. You may choose to borrow money from an IBC or be the mortgage holder on your house or any other real estate. The borrower can make payments directly to the offshore IBC bank account and deduct the interest as an expense. Your IBC can purchase and lease equipment to your domestic company making all lease payments tax deductible. • Purchase or lease real property outside the country of formation. Also lease personal property like automobiles, boats, office equipment, etc., allowing you to move these items out of your name for asset protection.

• Operate as a trading company to set up an internet business offshore, advertise products on the web, take orders, and complete the fulfillment from the offshore locations. Profits are captured in a low-tax or no-tax environment. • Use your IBC as a marketing, consulting, legal, or financial services company rendering services to U.S. based businesses. Invoices from the IBC are submitted to your domestic corporation and are paid directly to the IBC's offshore bank accounts. • Issue multiple classes of stock with complete secrecy. • There is no requirement that any officer or director be a shareholder in the IBC and a nominee officer can be set up to open offshore IBC bank and stock brokerage accounts. • Another IBC may serve as an officer and director of an IBC. • Corporate books may be maintained outside the country in any place owners so choose. • NO taxes on any IBC if the corporation does not conduct business there, exclusive of banking or other financial transactions.

 

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