Asset Protection & Tax Planning Reviews

Each month there will be on this site a review of the features of various products dealing with Asset Protection, Estate Planning and Business Succession. If you have a particular product or subject area that you would like examined please leave a comment on this page.

Please make sure to leave your correct email address as you will need to confirm your request before a review is posted for you.

 

Thursday, October 7, 2010

Internet Business and Asset Protection

Protect Your Online Assets

Discover the action you Must take, right now, to shield you, your business and your loved ones from potential legal risks that could close your business down! Here is a resource list which every person with an Online Business can not afford to NOT have:
  • Understanding The difference between off line and on line businesses (here's where you get the definitive answer).
     
  • The one vital thing you should do before you even put up your first blog or web site (miss out on this and you're heading for bear, right from the start).
     
  • How to instantly slash your risk of being audited by the IRS by up to FIVE times with this simple action (show these vultures you're serious and they'll back off!).
     
  • How to start building your business credit rating for your future needs from the very first day you open your business (one of the keys to business success is taking the long term view).
     
  • How to maximize your business deductions - legitimately! (Do it this way and you'll sleep like a baby).
     
  • How you could be whipping up a perfect storm with your choice of domain name (get this wrong and although your registration will be green lighted... you still could be slammed with a MASSIVE law suit, further down the highway).
     
  • The inside track on trade marking your business or domain name (here's the full heads up from Catherine).
     
  • The vital difference between "inside" your business and "outside" your business (and how understanding the difference will maximize your protection).
     
  • The simple - but vital - step you MUST take to safeguard your intellectual property and keep it away from prying eyes (if you own lucrative software and other valuable assets you need to know this - and act now!).
     
  • The little known Software Patent (if you create - or have software created for you - you need to be aware of this).
     
  • How to copyright your e-books and source codes.
     
  • The vital difference between the words you use and the ideas expressed by those words.
     
  • What to do if your copyright is being breached (unfortunately, it's all too frequent on line... so best be prepared!).
     
  • How you can sue for $150,000 damages for breach of copyright (provided you've already done this first).
     
  • The steps you need to take to create a watertight copyright.
     
  • How to protect yourself against counterfeit copies of your products entering the USA.
     
  • How to copyright a magazine (do it this way avoids having to pay to copyright every single issue).
     
  • How to get a FREE downloadable copy of Catherine Cary's book "Winning with Trademarks".
     
  • Which two US states offer the best asset protection (just knowing this could save you a king's ransom and a truckload of heartache).
     
  • An EIN number (find out what it is and how it can benefit you).
     
  • How to fast-track setting up your bullet-proof business.
     
  • The very worse type of legal entity you can have for your business and why (avoid this type of set up like the plague, if you want to prosper).
     
  • Which is best for you? Single or double taxation? (pick the wrong one and you'll end up giving the government more money that you need).
     
  • The US state which might be best for most businesses to incorporate in (and it could slash your tax bill too).
     
  • Why you should ALWAYS seek professional advice first.
     
  • What to do if you're a non US citizen and want to set up a corporation in the USA.
     
  • What to do first, if someone steals your web site (get the heads up on this from copyright expert Catherine Cary).
     
  • The two vital steps you MUST take if you're running an affiliate program (miss either of these and you could be headed for BIG TROUBLE).
     
  • The steps to take if a payment gateway freezes your account (and what you should do to avoid it happening in the first place).
     
  • Some of the tax deductions you can legitimately make for your home office.
     
  • Why a good CPA will actually SAVE you money.
     
  • What legal steps to take to raise money for your business (and when you need to start following the Securities Laws to avoid any comeback later).
     
  • The difference between registering your trademark with your state or with the federal government (and how to decide which one is best for you).
     
  • What steps to take if your business has been defamed.
     
  • How to protect your ideas during JV negotiations (this simple agreement may be all that's required).
If you are a serious Internet Business Operator you really do need Internet Asset Protection

Sunday, September 26, 2010

Asset Protection

Asset Protection is very much in demand these days with the daily torrent of suits lodged in US courts and elsewhere around the globe. Unfortunately Asset Protection is misunderstood by professionals and their clients. Which is why many large corporations and high net worth individuals were sprung by US and German government agencies. Asset Protection to be effective must not rely on products such as offshore bank accounts, international business corporations and trusts. These are all products not processes. Effective Asset Protection is a process of managing assets, business affairs and financial transactions.

All too often professional advisers, lawyers and accountants make money selling products as solutions for asset protection. Having the things used in the asset protection process does not guarantee the provision of a successful asset protection plan. It is amazing that professionals generally state that the key to asset protection is having control over assets without having ownership yet they then go about providing a bank account for the control, owner and person seeking to protect their assets. Once your name goes on a bank account or company document as a director, owner, shareholder, director or authorized signatory the jig is up. Game Over! You Lose!


Of course there are the things mentioned above which are needed in the asset protection management process. However it is how those things are managed which determines whether asset your protection plan is solid and bulletproof or not. Most professionals to whom clients flock have big city offices and walls of academic qualifications - but little practical in the trenches hands on experience actually helping to manage assets and financial transactions for their clients. And clients have neither academic qualifications or experience in asset protectio to be able to assess the validity of the plans trotted out by their advisers.

Most advisers are in fact charlatans selling their clients packages which are worthless in the hands of a novice. How many advisers take an active role in managing the process for their clients and how many simply sell them a product with the label Asset Protection? True Assets Protectors provide a service helping clients manage their affairs whether it be onshore protection or offshore protection.  If you have assets worth protecting then it is worth doing it correctly. Beware of those who tell you the solution is to buy an offshore company or open an offshore bank account. If you do either of those two things it is impossible for you to have your assets protected. And you are also guilty of law breaking if you do not disclose having them. Bottom line then is you not only expose your assets but you face penalties including jail.

Real Assets Protectors will provide asset and financial transaction management services which may well entail costs for establishing corporations and bank accounts and preparation of trust deeds. Do not believe lawyers nonsense that a trust deed can protect assets. For centuries wealthy families have used trusts to protect assets and hold assets intact for dynasties. However over the passed 30 years courts in the USA and Australia have frequently ignored trusts on the grounds they are abusive or inequitable.. Asset Protection is worthwhile and an expensive process if you are serious about it working. If not then do not even bother wasting money on token company structures and foreign bank accounts. Asset Protection is not something you can do legally independently - you need assistance. You can not quickly learn everything about Asset Protection either as there are no up to date books on the subject. Laws, the economy and government policies are constantly changing.  For more information on asset protection follow this blog.

How to save on taxes and protect your assets when you are in Business

Discover what YOU need to know about legal and tax requirements in starting your own business

The Be$t Kept $ecret$ Of A$$et Protection Revealed

We live in a dangerous world. What you do not know can hurt you! You are risking all if you do not learn these vital secrets