A Corporation and Lawful Money

[sensi]

When you incorporate with the State, don't you go into joint-venture with it?

If anyone here has read "Which One Are You?" you will notice that corporations (LLCs, C-corps & S-corps) are the taxable entities. That a corporation formed in a State is 'FOREIGN' to the United States. That a 'DOMESTIC' corporation is one that was chartered BY Congress.

If you want to protect your assets, then do what the super-wealthy families do, put them into trusts. Trusts that you do not own, but are the trustee of. That way there is no ownership that can be removed from you. And be smart about the name.

I heard from a guy that when the IRS was after him, they couldn't put a lien on his house because it was in a trust.

If you want to learn about the kind of trust he used, grab the latest copy of "How to Avoid Probate" by Dacey. The guy was dis-barred for teaching people what he wrote about in his book!

[JohnnyCash]

Greg, what software are you using?