Are you looking for a Private LLC structure that allows you to have:
- Complete anonymity for your business and investment assets?
- Domestic asset protection?
- No state taxes?
- Minimal paperwork?
- Protection from future potential creditors?
- Access to easy payment processing for your global business?
- Pass through taxation?
- Ease of use and setup?
What is Global Wealth Protection?
First let me say, Global Wealth Protection is NOT your average online company formation service provider. A simple web search will yield page after page of options with many at a lower cost. If you are looking for the lowest cost LLC company formation, you can stop reading right now as this is not the service we offer.
We are adamant about privacy and asset protection. Privacy is one of our core values and it is represented in everything we do. When we form LLC’s, this is our primary focus. We will create a properly structured LLC that provides you with anonymity and asset protection.
These are not inherently built-in features for an LLC. There are many variables when creating an LLC with privacy and asset protection in mind and in my 20 years of doing this work I have found less than 5% of the people that come to me for an asset protection and privacy review have taken the necessary steps to protect themselves.
Variables include:
- Which is the best state to register my LLC?
- Should I register in my home state?
- How do I keep my personal information out of public record?
- How do I draft an operating agreement that protects me and my business?
- Should I maintain the default tax election, or choose Scorp or Ccorp tax status?
- How do I protect my personal assets using an LLC?
- How do I protect my other businesses and investments from business risk?
- What is the difference between inside creditor risk and outside creditor risk?
If you don’t know the answer to these questions and many more, this is not a project you need to undertake alone. As well, none of your “click here” online company formation services will help you with these questions and help you find the best solution for your specific needs.
As many of you are well aware, a Limited Liability Company, or LLC for short, is the preferred structure for your business in the US. It really is the ideal tool for business owners looking for asset protection, but want less complexity and paperwork running their business.
Why a Limited Liability Company (LLC)?
Limited Liability
After forming an LLC, owners enjoy the same liability protection as with a corporation. Because an LLC exists as a separate entity, much like a corporation, members cannot be held personally liable for company debts unless they have signed a personal guarantee.
Tax Treatment
LLC’s have a flexible tax structure, meaning you can choose to be taxed as a partnership or as a corporation. This can help in minimizing your tax liabilities to the federal government.
Flexible Distributions
LLC’s can be used to hold a variety of assets like real estate, investment accounts, cash, equipment, vehicles, expensive business equipment, and private business interests.
The best part is – in an LLC, you can allocate the way you want the profits to be distributed and it does not have to be based upon the percentage of ownership. Distributions of the LLC can be based on the total amount of membership interest each party has, on the amount of work members put into the company, or a number of other distribution formulas.
We work exclusively with entrepreneurs and investors who are serious about their business and their investments. They seek the best quality information and products to ensure their assets are well protected and their business interests are structured in such a way to minimize their risk and maximize their gain.
Our firm provides a full LLC package that is all-inclusive of all fees, all filings, registered agent service and a bullet proof operating agreement. In addition, we also provide up to 1 hour of private consultation on properly implementing your structure, transferring assets, creating your federal tax id number, etc.
I promise you can find a lower priced LLC on the internet, but you will not find better service.
So if you are looking for the lowest cost solution and feel you don’t need the best counsel for properly structuring your business or investment assets, my suggestion is to go elsewhere.
There are some common misconceptions about properly structuring a Limited Liability Company (LLC):
In come cases, you are correct. If you have a physical office or employees in that state, you will need your LLC registered in your home state. However, it may still behoove you to register a Private Wyoming, Nevada or Delaware LLC in your home state as a foreign LLC. In many cases the laws in your home state are not very conducive to privacy or asset protection. Additionally, if the assets owned produce passive income, there is no need to register your LLC in your home state.
Not true. It is imperative that you register your LLC in the state that best suits your needs. That is not always your home state. Even if registered in the proper state, there are many errors that can be made jeopardizing your privacy, negatively affecting your tax consequences, and your eliminating asset protection benefits. Additionally, having a properly drafted bulletproof operating agreement for your LLC is critical to the long term success of your endeavor.
No. You can bank anywhere in the US you wish with your Private LLC. We even have many clients outside the US who use their Private LLC for business and asset holding in the US and bank with many of the large US banks.
Yes. Registered agent service includes a local address to receive official mail from the Secretary of State. If you would like a mailing address as well, I would recommend one of the many local companies like the UPS store that can offer a local postal address and mail forwarding. There are also mail-drop services available as well.
Benefits for a Non-US person to register a Private LLC in the US
As an NRA (non-resident alien), registering a Private LLC in the US gives you access to easy, simplified payment processing for ecommerce, digital products, consulting and more
The default tax election of a Private LLC in most cases is pass-through meaning your LLC has no US tax obligation. The income passes through to you as the member thus your tax owed (if any) would be based on your personal residency and tax home
There are no monthly or quarterly reports necessary for NRA’s, only the LLC annual report (which we file on your behalf) and an annual tax report that only shows who owns the LLC and received profits (but as an NRA you have no personal tax obligation in the US)
A US LLC is often the best offshore company structure for NRA’s due to the simplicity of the structure, minimal reporting and often zero taxes owed in the US.
At Global Wealth Protection, we provide Private LLC formation in the following states:
- Wyoming
- Nevada
- Florida
- New Mexico
- Delaware
- Montana
