Originally Posted by TheDoc

Yeppers, that's why some of the richest most powerful people in the world are going down for exactly this. Under our tax code and laws, it is not legal to do this in about 100 different directions.

It is legal for American Corps to open off shore companies, bank accounts, ect. But not in the method talked about above. You faking you own something, making your company/assets fund it, transferring assets to it without paying you and paying tax on it, all of that and much much more is illegal.

I have done my fact checking, and this is why some of the richest, baddest ass, most protected people in the World and in this Country are going down hard for this.

If you want to do it legal, get up, get on a plane and setup a Corporation in another location. Wait until it's setup, then loan it money on your books how it should be or give it the money yourself. Now if it builds up enough money it can buy your assets, legally.

Now, asset protection is a different story. However you don't need an offshore corp to do that. You can do it in Nevada and your own Corps can take leans against personal assets. Simply pay yourself more on the books than you take, creating a dept the Company can't pay, taking a lean against your house. Now that lean has to be paid off before any other lean, and since you own the lean it will never be paid off.


If you get a good tax man and do your money correct, you pay almost no tax as a Corporation. It may be harder, more work, and a pain in the ass. But American Corps pay less "real tax" than almost any other Country in the world.