HOW TO PROTECT YOUR REAL ESTATE IN USA?
Please click to view 3 videos training from RICH DAD's lawyer: Garrett Sutton
Asset Protection By Garrett Sutton-Part-1
Asset Protection By Garrett Sutton-Part-2
Asset Protection By Garrett Sutton-Part-3
Monday, 4 June 2012
(2012-06-04) "OWN YOUR OWN CORPORATION" IN USA
eBOOK "Own Your Own Corporation:
Why the Rich Own Their Own Companies and Everyone Else Works for Them"
By RICH DAD's law advisor Garrett Sutton
Chapter 4:
Using Nevada Corporations to Your Maximum Advantage and the Benefits of Multiple Corporation Strategies.
1) TAX FREE STATUS
Nevada has no state corporate or personal income tax. The state has no corporate share tax and no franchise tax. Businesses save hundreds to millions of dollars per year by being incorporated in Nevada.
2) CORPORATE FLEXIBILITY
Directors, offices and shareholders do not have to live or hold meetings in Nevada. Foreign nationals may own and operate Nevada corporations from outside the U.S.
Telephone meetings may be conducted by persons from around the U.S. or even the world.
One person may be all of the directors and officers. Directors and officers need not be shareholders.
3) UNIQUE CORPORATE STRUCTURING
Nevada corporate law allows for various classes of stock and debt, securities and voting restrictuions, rights and preferences to be included in the articles and bylaws. Some very flexible arrangements can be made for your debt and equity holdings.
4) FAVORABLE CAPITALIZATION
No minimum capital is required to incorporate. Shares may be issued for not only capital but also
for personal services, real estate, including leases and options, and personal property. A Nevada corporation may purchase, sell, hold, or transfer shares of its own stock. Nevada's corporate law features beneficial securities rules for the raising of capital.
5) MINIMAL FILINGS
The only annual filing required by the Nevada secretary of state is a list of the names and addresses of the officers and directors, along with a low annual fee $85 (The first year's filing fee is $340).
There is a state business tax $25/employee/quarter. If you have no employees in Nevada, this tax is only $25/year. No other corporate filings are required by the state.
6) LOW ANNUAL MAINTENANCE
The annual cost of maintaining a Nevada corporation is extrememly low. Our firm charges $125 to serve as resident agent, and a minimal fee $150 for preparing the annual minutes of shareholder and director meetings. The services are required to maintain your corporate formality and avoid piercing the corporate veil and personal liability.
7) COMPLETE PRIVACY
Nevada's corporate laws is that Nevada protects the privacy of individuals. It is the only state with no information-sharing agreement with IRS in the U.S.
If you do not want to be identified on the public record as an officer or director of a
Nevada corporation you do not have to be listed. Instead, you can use a nominee, a person
other than yourself, to serve as the director and all offices, thus maintaining your privacy.
Our firm provides an individual to serve in this capacity for $650/ year, your name will not appear on the public record.
N.B.
THE ABOVE MENTIONED AMOUNT WAS IN 2001 WHEN THE BOOK WAS PUBLISHED,
PLEASE CLICK TO VISIT THE FIRM WEBSITE AND CHECK THE LATEST PRICES.
http://www.sutlaw.com/nevada________________________________________________________________________________
Nevada is one of the best places in the United States to incorporate. Nevada has excellent asset protection and privacy laws, minimal reporting requirements, close proximity to the major California market, good road and air transportation connections and a business-related infrastructure that continues to attract major businesses such as Microsoft, Cisco, Intuit and amazon.com
The Sutton Law Center’s Nevada Corporation, LLC and LP formations are complete and include the following:
© 2011 Copyright by Sutton Law Center. All rights reserved
Why the Rich Own Their Own Companies and Everyone Else Works for Them"
By RICH DAD's law advisor Garrett Sutton
Chapter 4:
Using Nevada Corporations to Your Maximum Advantage and the Benefits of Multiple Corporation Strategies.
1) TAX FREE STATUS
Nevada has no state corporate or personal income tax. The state has no corporate share tax and no franchise tax. Businesses save hundreds to millions of dollars per year by being incorporated in Nevada.
2) CORPORATE FLEXIBILITY
Directors, offices and shareholders do not have to live or hold meetings in Nevada. Foreign nationals may own and operate Nevada corporations from outside the U.S.
Telephone meetings may be conducted by persons from around the U.S. or even the world.
One person may be all of the directors and officers. Directors and officers need not be shareholders.
3) UNIQUE CORPORATE STRUCTURING
Nevada corporate law allows for various classes of stock and debt, securities and voting restrictuions, rights and preferences to be included in the articles and bylaws. Some very flexible arrangements can be made for your debt and equity holdings.
4) FAVORABLE CAPITALIZATION
No minimum capital is required to incorporate. Shares may be issued for not only capital but also
for personal services, real estate, including leases and options, and personal property. A Nevada corporation may purchase, sell, hold, or transfer shares of its own stock. Nevada's corporate law features beneficial securities rules for the raising of capital.
5) MINIMAL FILINGS
The only annual filing required by the Nevada secretary of state is a list of the names and addresses of the officers and directors, along with a low annual fee $85 (The first year's filing fee is $340).
There is a state business tax $25/employee/quarter. If you have no employees in Nevada, this tax is only $25/year. No other corporate filings are required by the state.
6) LOW ANNUAL MAINTENANCE
The annual cost of maintaining a Nevada corporation is extrememly low. Our firm charges $125 to serve as resident agent, and a minimal fee $150 for preparing the annual minutes of shareholder and director meetings. The services are required to maintain your corporate formality and avoid piercing the corporate veil and personal liability.
7) COMPLETE PRIVACY
Nevada's corporate laws is that Nevada protects the privacy of individuals. It is the only state with no information-sharing agreement with IRS in the U.S.
If you do not want to be identified on the public record as an officer or director of a
Nevada corporation you do not have to be listed. Instead, you can use a nominee, a person
other than yourself, to serve as the director and all offices, thus maintaining your privacy.
Our firm provides an individual to serve in this capacity for $650/ year, your name will not appear on the public record.
N.B.
THE ABOVE MENTIONED AMOUNT WAS IN 2001 WHEN THE BOOK WAS PUBLISHED,
PLEASE CLICK TO VISIT THE FIRM WEBSITE AND CHECK THE LATEST PRICES.
http://www.sutlaw.com/nevada________________________________________________________________________________
Nevada is one of the best places in the United States to incorporate. Nevada has excellent asset protection and privacy laws, minimal reporting requirements, close proximity to the major California market, good road and air transportation connections and a business-related infrastructure that continues to attract major businesses such as Microsoft, Cisco, Intuit and amazon.com
The Sutton Law Center’s Nevada Corporation, LLC and LP formations are complete and include the following:
- All initial organizational filings with the Nevada Secretary of State (state filing fees are in addition)
- One-year of Corporate Direct member benefits
- One full year of Nevada resident agent service
- Preparation of Bylaws, Operating Agreement or Limited Partnership Agreement
- Initial Meeting Minutes
- Issuance of Stock, Membership Interests or Limited Partnership Interests
- Corporate Minute Book
- Corporate Name Check
- Instructions and forms for obtaining a Federal Employer Identification Number (EIN)
- Our $49 book, Bulletproof your Corporation, Limited Liability Company and Limited Partnership
© 2011 Copyright by Sutton Law Center. All rights reserved
Thursday, 10 May 2012
Angel Investors in Montreal (2012-05-10)
YING YU opens one eGroup "Angel Investors in Montreal"
Our eGroup is to offer one platform for Angel Investors and Entrepreneurs to find
the investment projects and financing informations for small busineses and entrepreneurs.
1) HOW TO GET ANGEL INVESTORS, GOVERNMENT GRANTS, BANK LOANS?
2) HOW TO WRITE BUSINESS PLAN?
3) CASH MANAGEMENT FOR SMALL BUSINESS
4) RISK MANAGEMENT FOR SMALL BUSINESS
Welcome more speakers focus on investing and financing topics for "Angel Investors in Montreal".
THANKS from YING YU (eGroup Members = 27 from April 22, 2009 - June 04, 2012)
Our eGroup is to offer one platform for Angel Investors and Entrepreneurs to find
the investment projects and financing informations for small busineses and entrepreneurs.
1) HOW TO GET ANGEL INVESTORS, GOVERNMENT GRANTS, BANK LOANS?
2) HOW TO WRITE BUSINESS PLAN?
3) CASH MANAGEMENT FOR SMALL BUSINESS
4) RISK MANAGEMENT FOR SMALL BUSINESS
Welcome more speakers focus on investing and financing topics for "Angel Investors in Montreal".
THANKS from YING YU (eGroup Members = 27 from April 22, 2009 - June 04, 2012)
Corporate Owned Life Insurance (2012-05-10)
YING YU makes one topic CORPORATE OWNED LIFE INSURANCE
in LinkedIn Group "Know Your Financial Advisor" in Apr.2012:
"I hope to have a deep discussion about Corporate Owned Life Insurance (UL first-to-die).
If you are the experienced financial advisor for the case solution, please email me at 2011yingyu@gmail.com. THANKS from YING YU."
The Group Members = 1052 (July 18, 2010 - June 04, 2012) from Canada Financial Advisors.
My topic is going on, please click to view in detail CORPORATE OWNED LIFE INSURANCE.
__________________________________________________________________________________
Marc Villeneuve • (2012-5-2)
Keep going I find this discussion very interesting. How we structure our protections is often neglected by our competitor and is a very important value-added for our customers.
Meredith Swanson CSA • (2012-5-9)
This is a great discussion. It is a web-site like this that is so informative and worthwhile. Where else can you see professionals discussing such points of interest for all of us.
Ray Bukovy CFP CPCA • (2012-5-14)
Very interesting information and a variety of options and opinions.One thing for sure, to be successful in the corporate business environment requires specialization and dedication.
in LinkedIn Group "Know Your Financial Advisor" in Apr.2012:
"I hope to have a deep discussion about Corporate Owned Life Insurance (UL first-to-die).
If you are the experienced financial advisor for the case solution, please email me at 2011yingyu@gmail.com. THANKS from YING YU."
The Group Members = 1052 (July 18, 2010 - June 04, 2012) from Canada Financial Advisors.
My topic is going on, please click to view in detail CORPORATE OWNED LIFE INSURANCE.
__________________________________________________________________________________
Marc Villeneuve • (2012-5-2)
Keep going I find this discussion very interesting. How we structure our protections is often neglected by our competitor and is a very important value-added for our customers.
Meredith Swanson CSA • (2012-5-9)
This is a great discussion. It is a web-site like this that is so informative and worthwhile. Where else can you see professionals discussing such points of interest for all of us.
Ray Bukovy CFP CPCA • (2012-5-14)
Very interesting information and a variety of options and opinions.One thing for sure, to be successful in the corporate business environment requires specialization and dedication.
Sunday, 6 May 2012
Corporate Insured Retirement Program (CIRP) (2012-05-06)
Now I'd like to share the following top articles about
"Corporate Insured Retirement Program (CIRP)" with small business owners and entrepreneurs:
1) What is Corporate Insured Retirement Program (corporate borrowing, pay a dividend)?
"Corporate Insured Retirement Program (CIRP)" with small business owners and entrepreneurs:
1) What is Corporate Insured Retirement Program (corporate borrowing, pay a dividend)?
2) How Corporate Insured Retirement Program works with Corporate Borrowing?
3) CIRP will increase your retirement cash-flow on a tax-free basis
3) CIRP will increase your retirement cash-flow on a tax-free basis
Indexed Universal Life Insurance - Bank on Yourself (2012-05-06)
Submitted by AnnuityCampus on Tue, 12/27/2011
The problems associated with America’s educational system will be debated till the trumpets sound. However, when it comes to basic financial education America’s knowledge of how money works and the effects of bad decisions can be felt for multiple generations. Working people are still under the impression that a mutual fund, stock, and bonds are the only instruments available for long term funding of their retirement accounts.
Risk:
Everyone understands that when you invest in securities that there is some inherit risk. But why would anyone in their right mind invest their future retirement funds into risk investments if they could lose their money? The reason why many working people do this is because they do not know that there are alternatives like whole and indexed universal life insurance policies do not invest in the stock market.
These policies either pay their policy holders a dividend or pay a return based upon a market index such as the S&P 500. Indexed universal life insurance policies allow you to make up to a declared cap of the S&P but none of the downsides when the market goes down.
For example, when the market goes up you might be capped at 12% but when the market goes down you will get a $0 on your statement. In addition, these policies usually have a yearly guarantee of 1-3%. So not matter what happens you will see a positive number on your annual statement.
Fees:
We also know that fees can have an effect on future returns. Most people have no idea what fees they are paying on their mutual fund accounts. Some of the fees cannot be stated in advance because a roll over ratio is not known to the fund rolls over the portfolio in order to make a profit.
On indexed universal life insurance policies there are no roll over ratio fees, management fees, or any other fees. There is a cost of insurance because at the end of the day, there is a death benefit associated with all life insurance policies.
Tax-Free Withdrawals:
We have now come to the most important aspect of indexed universal life insurance policies. With your current mutual fund accounts the growth is tax-deferred but when you take it out all gains is taxed at the time when you need the money the most.
You see, the government wants you to take the money you deferred all those years because they want the tax money. Even if you do not need the money they will make you take payments (Required Minimum Distributions) at 70 ½.
The distributions from life insurance are not taxed at all. The reason for this is that distributions for life policies are considered a policy loan. You are not penalized for a pre- 59 ½ IRs early withdrawal penalty. You have access to your cash value at any time for any reason and your will not be penalized or taxed.
Recap:
Indexed Universal Life Insurance policies have the following features and benefits:
• Tax Deferred Growth
• Tax-Free Withdrawals
• No Risk
• No Management Fees
• Liquid
If you are currently funding a mutual fund on a monthly basis, it might worth your time to consider reallocating your resources to an indexed universal life insurance policy. You will be glad you did. You should also consult with a qualified life insurance broker who will be able to structure the best tax-free retirement strategy to fit your needs and goals.
Read more: http://www.advisorworld.com/2011/12/27/indexed-universal-life-insurance-bank-yourself#comment-316#ixzz1u8PMvpqN
The problems associated with America’s educational system will be debated till the trumpets sound. However, when it comes to basic financial education America’s knowledge of how money works and the effects of bad decisions can be felt for multiple generations. Working people are still under the impression that a mutual fund, stock, and bonds are the only instruments available for long term funding of their retirement accounts.
Risk:
Everyone understands that when you invest in securities that there is some inherit risk. But why would anyone in their right mind invest their future retirement funds into risk investments if they could lose their money? The reason why many working people do this is because they do not know that there are alternatives like whole and indexed universal life insurance policies do not invest in the stock market.
These policies either pay their policy holders a dividend or pay a return based upon a market index such as the S&P 500. Indexed universal life insurance policies allow you to make up to a declared cap of the S&P but none of the downsides when the market goes down.
For example, when the market goes up you might be capped at 12% but when the market goes down you will get a $0 on your statement. In addition, these policies usually have a yearly guarantee of 1-3%. So not matter what happens you will see a positive number on your annual statement.
Fees:
We also know that fees can have an effect on future returns. Most people have no idea what fees they are paying on their mutual fund accounts. Some of the fees cannot be stated in advance because a roll over ratio is not known to the fund rolls over the portfolio in order to make a profit.
On indexed universal life insurance policies there are no roll over ratio fees, management fees, or any other fees. There is a cost of insurance because at the end of the day, there is a death benefit associated with all life insurance policies.
Tax-Free Withdrawals:
We have now come to the most important aspect of indexed universal life insurance policies. With your current mutual fund accounts the growth is tax-deferred but when you take it out all gains is taxed at the time when you need the money the most.
You see, the government wants you to take the money you deferred all those years because they want the tax money. Even if you do not need the money they will make you take payments (Required Minimum Distributions) at 70 ½.
The distributions from life insurance are not taxed at all. The reason for this is that distributions for life policies are considered a policy loan. You are not penalized for a pre- 59 ½ IRs early withdrawal penalty. You have access to your cash value at any time for any reason and your will not be penalized or taxed.
Recap:
Indexed Universal Life Insurance policies have the following features and benefits:
• Tax Deferred Growth
• Tax-Free Withdrawals
• No Risk
• No Management Fees
• Liquid
If you are currently funding a mutual fund on a monthly basis, it might worth your time to consider reallocating your resources to an indexed universal life insurance policy. You will be glad you did. You should also consult with a qualified life insurance broker who will be able to structure the best tax-free retirement strategy to fit your needs and goals.
Read more: http://www.advisorworld.com/2011/12/27/indexed-universal-life-insurance-bank-yourself#comment-316#ixzz1u8PMvpqN
Cash Value Life Insurance Problems (2012-05-06)
Submitted by AnnuityCampus on Tue, 01/03/2012
If you are lucky enough to know about the living benefits associated with cash value life insurance policies, then you also know that you may take out money for any reason including tax-free retirement income. These benefits is what make purchasing and properly funding a cash value life insurance policy such as a whole life and indexed universal life insurance policy. However, when you take the money out, do you know how much it will cost you?
Problem #1- Time frame
The problem with taking money out of your life insurance policy could depend on when you take it out. For instance, if you plan to start taking out money prior to the 10th policy year, the fees or interest rate could be 6% or more. Some policies have a variable loan rate which means it could even cost you more to access your money.
Most whole life and indexed life insurance policies are “heavy” the first 10 years because most of the cost of insurance (COI) is included in the first 10 years. When life insurance brokers design cases for their clients they either do not ask their clients when they are planning to take out the money or they do not disclosure those numbers prior to the sale of the polices. Unlike indexed or variable annuities, the potential loan rates are not required to be disclosed. Also, a product with a variable loan rate will illustrate better than a policy that offers a fixed rate.
Problems #2- Cost
Most cash value or permanent life insurance policies offer a “Wash” after 10 years. This means that if the policy states that you will pay 1% in interest they will pay you 1% so that you do not have to pay interest on your money. Prior to 10 years the loan rate could adversely affect your cash value.
When people purchase a cash value life insurance policy they are told that as their policy accumulates cash value then can take out the money in the future to fund a tax-free retirement. The IRS does not consider proceeds from a life policy as income (Within IRS guidelines) and that is why “The Rich” purchase and fund these policies.
Before you buy a cash value life insurance policy, including a whole life and indexed universal life insurance product, you need to disclose to your life insurance broker when you plan on taking out money from your policy. You also want to get in writing what the fee or loan schedule is prior to buying one of these policies.
Make sure you consult with a qualified life insurance broker to make sure a cash value or permanent insurance policy is right for you and your family.
Read more: http://www.advisorworld.com/2012/01/03/cash-value-life-insurance-problems#ixzz1u8KvNSF3
If you are lucky enough to know about the living benefits associated with cash value life insurance policies, then you also know that you may take out money for any reason including tax-free retirement income. These benefits is what make purchasing and properly funding a cash value life insurance policy such as a whole life and indexed universal life insurance policy. However, when you take the money out, do you know how much it will cost you?
Problem #1- Time frame
The problem with taking money out of your life insurance policy could depend on when you take it out. For instance, if you plan to start taking out money prior to the 10th policy year, the fees or interest rate could be 6% or more. Some policies have a variable loan rate which means it could even cost you more to access your money.
Most whole life and indexed life insurance policies are “heavy” the first 10 years because most of the cost of insurance (COI) is included in the first 10 years. When life insurance brokers design cases for their clients they either do not ask their clients when they are planning to take out the money or they do not disclosure those numbers prior to the sale of the polices. Unlike indexed or variable annuities, the potential loan rates are not required to be disclosed. Also, a product with a variable loan rate will illustrate better than a policy that offers a fixed rate.
Problems #2- Cost
Most cash value or permanent life insurance policies offer a “Wash” after 10 years. This means that if the policy states that you will pay 1% in interest they will pay you 1% so that you do not have to pay interest on your money. Prior to 10 years the loan rate could adversely affect your cash value.
When people purchase a cash value life insurance policy they are told that as their policy accumulates cash value then can take out the money in the future to fund a tax-free retirement. The IRS does not consider proceeds from a life policy as income (Within IRS guidelines) and that is why “The Rich” purchase and fund these policies.
Before you buy a cash value life insurance policy, including a whole life and indexed universal life insurance product, you need to disclose to your life insurance broker when you plan on taking out money from your policy. You also want to get in writing what the fee or loan schedule is prior to buying one of these policies.
Make sure you consult with a qualified life insurance broker to make sure a cash value or permanent insurance policy is right for you and your family.
Read more: http://www.advisorworld.com/2012/01/03/cash-value-life-insurance-problems#ixzz1u8KvNSF3
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