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| Aug 13, 2007 9:04 pm |
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re: re: Creating a company run from home |
Fred Keller
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Ummmm.....just wanted to step in here on setting up a corporation to protect assets in another jurisdiction.
This can be a pitfall - major.
eg: what guarantee do you have that the person you appoint in the far-off jurisdiction doesn't create more problems for you.
Giving someone total control over your assets .... and paying for the privilege .....???
They disappear after running up some/a lot of liabilities on your behalf....and then what??
As for protecting assets, generally with a new company a lender will want your personal guarantee, at least at the beginning of the relationship.
This is a great topic - probably suited for another thread - but in view of advice above....a huge red flag.
Touch on the link below. Sign up for their fr*ee newsletter. It will give you much insight into the much misaligned subject of 'protecting ones assets'.
Good Fortune to You!
Trusts http://offshore.first411.comPrivate Reply to Fred Keller (new win) |
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