Most people think that asset protection is as easy as purchasing an Investment Holding Corporation or an LLC in tax liberal states like Delaware or Nevada, or in offshore tax havens like St. Kitts and then just transferring your assets to it. Well, they are only getting part of the picture. In fact, things might get much more difficult when you have different types of assets to protect including “High Risk Assets”. When you incorporate in Nevada and your line of investments and assets to manage is complex, you should be wary of the following very common mistakes with very serious consequences:
BEFORE you make the mistakes that will cost you an arm and a leg, consult a professional! In most cases, the solution is complex and requires the use of multiple LLC’s especially when it comes to protecting different types of assets like “High Risk Assets” or “Extreme High Risk Assets”. Make sure you figure that out before filing your incorporation documents!