Quote:
Originally Posted by danayster
Any thoughts from some of the Vets on here regarding this thread?
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Seeking legal and accounting counsel is certainly a good idea. It sounds great and tempting, but there are always two problems:
1. There are nominees to front for you who are in control of your money. Remember, officially it's not you running the company and it's not your money. If things go wrong, you are fucked.
2. Offshore banking jurisdiction doesn't always mean that you are excluded from US jurisdiction if they ever find out and go after you for evading taxes, since in reality you are operating the business from the US.
It's not all illegal or shady in general, I just prefer paying my taxes, knowing it can't end in some serious clusterfuck beyond my control. Greed kills brain, but it could kill your business as well.
The only really good option is to MOVE offshore, physically.