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Asset Protection through an Offshore Company (IBC) Forming a company offshore is a far superior asset protection technique than any onshore asset protection setup. A court can issue an order to break an onshore asset protection scheme for one of a hundred different reasons. It's an all too common scenario. In the heat of a lawsuit, a sympathetic judge simply sets aside your asset protection trust for one technicality or another. On the other hand an offshore corporation provides a secure place to keep money out of lawsuit prone hands because a judge cannot order you to provide assets you do not own. Most offshore companies are either bearer share corporations where the ownership is totally anonymous, or they are owned by a foundation. Since a foundation legally cannot be owned, it is a dead end for any onshore court. No court can order an illegal action, including ordering you to repatriate funds that belong to a foundation. If you want to keep your assets secure, and protection yourself from frivolous lawsuits, you should consider incorporating offshore. Today forming a company offshore is not expensive. In fact, the price tag is under $2000 and is a sound investment for even the average person with money to protect.
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