Lawsuit Protection using an Offshore Corporation

By: Doug Sitenal

Protecting your Assets through an Offshore Corporation

Incorporating offshore is the best way to protect your assets. Onshore asset protection techniques are not nearly as effective.

Shocking to most, is the fact that an onshore asset protection setup can be pierced for any number of reasons.

It's an all too common scenario. In the heat of a lawsuit, a sympathetic judge simply sets aside your asset protection trust for one technicality or another.

On the other hand an offshore corporation provides a secure place to keep money out of lawsuit prone hands because a judge cannot order you to provide assets you do not own.

Most offshore companies are either bearer share corporations where the ownership is totally anonymous, or they are owned by a foundation.

Legally nobody owns a foundation so it would be impossible for a judge to order the money be brought back onshore.

If you want to keep your assets secure, and protection yourself from frivolous lawsuits, you should consider incorporating offshore.

Today forming a company offshore is not expensive. In fact, the price tag is under $2000 and is a sound investment for even the average person with money to protect.

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If you are you may want to read an asset protection setup, consider reading other offshore corporation related information at offshorelegal.org
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