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Protect Yourself against LIABILITY |
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As a private person as well as a business person, you can never truly escape liability. But you can eliminate its unpleasant financial consequences for yourself, your family, and your business, in case you should face a liability problem, whether the claim is genuine or frivolous. | |
You can cover certain aspects of
your liability through insurance. However,
these insurances, especially for
professional activities, will rarely cover
what you really need to
protect yourself - unless they become
outrageously expensive...You might still need liability insurance as a formality, in order to run your business. Your customers might expect it as a prerequisite for doing business with you - or your government might demand it in order for you to obtain the licenses you need in order to operate your business legally. In those cases, you simply buy the insurance that fits this particular purpose best. For your personal protection, however, you are far better off making yourself invulnerable. This means that you transfer all your assets to an Offshore Trust that is not liable for your actions. For this to work for you, you need:
Once you have your assets owned by your offshore entities, you will legally own nothing - and hence will not suffer any consequences of whatever claim you might be subject to. You do not even have to defend yourself in court, because it does not matter if you lose the case! You can accept the liability, but it will not have any financial consequences for you, regardless the claim. |
Here is the outline for
what you should do to protect yourself from
private and professional liability:
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**************Warning!************* |
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Protecting assets and income streams you create offshore is simple and easy and does not conflict with any laws. (Yes, it takes some knowledge, but we are happy to help you with that.) Moving assets that are already registered in your own name is expensive and bordering on crime, unless you exercise extreme care... (Yes, we can help you also with this, but it is not going to be cheap!) It makes sense to plant the seed to your money tree in a protected garden. Trying to make the seed grow on a windy rock and then, when the tree starts to carry fruit, attempt to move it to a protected garden you now want to built for it is not very smart, to put it mildly... Morale: The right time to establish your offshore presence is not when you have accumulated a worthy portfolio of assets. It is when you decide to do so. |