Asset Protection

SKU# 0013

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This area is intended for Personal Asset Protection Only. Although Limiting your Business Liability and protecting your Assets are closely linked, this page is primarily for those looking to protect personal assets such as:

Shocking Facts

This has come to be known as the "litigation explosion": You can be sued by anyone, at anytime, for anything! What does this come down too? Legal Extortion! This may sound dramatic, but once you are served with a lawsuit, even if you are completely innocent, what are your options?

Neither option is attractive, because it is not uncommon for awards in negligence cases to exceed $1,000,000 with attorney fees in the $50,000-$100,000 range. What makes it worse? You cannot count on insurance to protect you! Insurance companies have hundreds of attorneys trying to figure out how they can legally deny your claim!

How does legal Asset Protection work?

Lawsuits are about money - Your Money!
A plaintiff's attorney will initiate an asset search to ascertain if you are a prime target for "legal extortion" or for "collection" if he is successful in winning the suit. This consists of locating any assets tied to your name and Social Security number. How accessible is this information? Thanks to the Internet just about anyone can find out everything you own by performing a simple online search. The assets shown on these reports will include your home, vehicles, investment real estate, bank and brokerage accounts, patents, intellectual property, businesses, and, well, just about anything else of value that you own. The mere fact that you own these assets makes you a target, regardless of your innocence.

The Nevada Investment Holding LLC
The Nevada Limited Liability Company (rather than a corporation) is the primary entity used for asset protection. Unlike in many other states, A Nevada LLC does not require a business purpose to be formed. A Nevada LLC can be operated as "an investment holding company" or "an investment management company" and simply "hold and manage" assets. In this way "personal assets" can be protected from judgments. Nevada has the strongest asset protection laws in the United States.
Cash, investment securities, notes, receivables, investment real estate, a personal residence, patents, trademarks, copyrights and shares in a closely held corporation are all eligible for protection. In exchange for transferring assets to the Nevada LLC, you receive a membership interest.

A Nevada Limited Liability Company used in this way is a very powerful asset protection tool. Many wealthy persons spend tens of thousands of dollars developing complex strategies to protect assets. For the average person with moderate assets this strategy is affordable and extremely effective.

First line of defense: Privacy
Privacy is extremely important in asset protection. We provide "Nominee" or "Privacy Services" to eliminate your name from public record. You control your assets through confidential Nevada LLC "membership".

Warning against "Bearer Share" Corporations: Relying on privacy as your ONLY defense would be VERY foolish. Unfortunately many so called Asset Protection Service Companies "tout" the idea of holding assets in a "bearer share corporation", so you can deny ownership in court. Unfortunately when creditors discover the truth (and they usually do) you may be looking at a charge of perjury and a jail sentence, or be forced to turn over your assets.

A good asset protection plan, should incorporate maximum privacy, but when required by law to disclose your assets, you will be able to do so, without the risk that those assets will be seized or assigned to a creditor.

If a judgment is issued against me personally how does a Nevada Investment Holding LLC help?
The judgment creditor would like to seize bank accounts, real estate and investments in order to collect the amount which is owed. An asset search in your name will reveal little, since (once the Nevada LLC is funded) you no longer legally "own" these assets. Now your primary asset has become the confidential "membership interest" in a Nevada Investment Holding LLC. Most collection efforts will end right here.

An aggressive creditor may force a "debtors examination" in court: Here you must reveal your membership interest in the Nevada Investment Holding LLC (to avoid committing perjury). Once your assets have been disclosed, the creditor will now understand how difficult and costly any collection action against the membership interest will be. The creditor should also be informed that collection action may result in an income tax liability (Phantom Income) to him, even if (as we expect) no distributions are ever made to the creditor.

What steps can I take now to legally protect my assets?

Asset Protection can be as simple as purchasing a Nevada Investment Holding LLC in order to transfer your assets to it. Acting now and doing this one thing is 100 times better than doing nothing!

Sometimes the solution is more complicated and requires the use of multiple LLC's. If this is the case please contact us for a FREE consultation. If necessary, we will be happy to talk to your Attorney or CPA in order to arrive at the very best solution for you.

Ready to get started? Purchase the Nevada Investment Holding LLC.

Nevada Investment Holding LLC

Unlike in many other states, A Nevada Limited Liability Company does not require a "business purpose" to be formed. A Nevada LLC can be operated as "an investment holding company" or "an investment management company" and simply "hold and manage" assets. In this way "personal assets" can be protected from judgments.

Cash, investment securities, notes, receivables, investment real estate, a personal residence, patents, trademarks, copyrights and shares in a closely held corporation are all eligible. In exchange for transferring assets to the Nevada LLC, you receive an LLC membership interest.

A Nevada LLC used in this way is a very powerful asset protection tool. Many wealthy persons spend tens of thousands of dollars developing complex strategies to protect assets. For the average person with moderate assets this strategy is affordable and extremely effective!

It is important to understand that the "Nevada Investment Holding LLC" that holds these assets should not be used for any other kind of business or consulting. It should not sign any contracts or do anything that may result in liability. If the Nevada LLC itself is sued all of it’s assets would be put at risk. "High risk" assets and "safe" assets should be separated and not held within the same LLC.

Ready to incorporate a Nevada Investment Holding LLC? Two packages are necessary:

Contact us now to start protecting your asset today!