Set up separate LLCs for each property or business, stack them under a holding company LLC, then move that into an asset-protection trust in Wyoming or offshore. The trust layer shields everything from lawsuits while keeping you anonymous.
Most of us have heard the phrase, own nothing, control everything. Say you've got a business of some kind that you want to protect from potential lawsuits. What you want to do is to create LLCs for all of your businesses and put them into the LLC. For instance, if you have rental homes, then you would create an LLC for each rental home or each small grouping of homes. Then you would put all of those LLCs into a holding company. And a holding company is nothing more than another LLC. And last, you would put the holding company into a trust. This would be a domestic asset protection trust or an offshore trust. All of your LLCs would be created in a place like Wyoming that gives you anonymity. Then you put that holding company into a trust that gives you protection from lawsuits. This could be a domestic asset protection trust in the United States or an offshore trust in a place like the Cook Islands. Go to my profile page, click on the link and sign up for my newsletter. You can learn more.
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