Personal property to land trust then to Corp??

[meg526]

Sorry to interrupt the great discussion.  I am following alone and trying to learn as much as I can.  I have a couple questions.  It would be very helpful if someone can let me know if my understanding is correct so I can catch on.

- The sole disadvantage of having a corp as a beneficiary to a land trust is that if I personally get sued, my stock in the corp may be siezed.  What if it's the S-corp and I didn't issue any stocks (well I made capital contribution, is it the same as investing in the corp's stocks)?

- Does NV LLC enjoys the same anonymous protection as NV corp?  

- Also,  Redwing384 specificed to use a NV "C" corp with a nominee officer/director and with no stock shares issued in one of the posts here, does the NV S-corp not enjoy the same anonymous protection?

[FloridaInvestor]

Thank you Redwing.

Floridainvestor,

you have valid questions, and I am glad you asked them.  to answer them in a simple way:

yes, we have done it.  we implement these same strategies with our clients each day.   we have a staff of trained paralegals that will execute these principles for them, or we will teach them how to do it for themselves. It all depends on if they would prefer to be "hands on" or "hands off."  

when it comes to tax related issues - like paying dividends from a C-corp, we would refer you to our partner CPA firm.  They will show you how to overcome these issues.

A friendly lien is simply a mortgage.  But you must follow specific guidlines to make it valid or it can be set aside by a judge.  We show our clients how to protect their equity in a property without making any mortgage payments on these "friendly liens". It is a strategy that has been used for hundreds of years.  We suggest that the mortgage be for the amount of equity in the property + a reasonable % of interest (prime +1-2% ... or what ever), due and payable with a 7-10 year balloon.  It truly is that simple.  The interest your corporation charges you is a shield protecing your appreciation in the property.  

hope that helps.

 

[Redwing384]

meg26,
great questions.  I am glad to see that you are learning from the forums!

I would reccommend you to speak with a competent CPA or tax attorney about your questions regarding your capital contributions to your corp.

As for a NV LLC having the same PRIVACY benefits as a NV C-corp: no.  An LLC must disclose the names of its "members" in the articles of organization, thus destroying any Privacy or anonymity for its owners.  Bearer shares of a regular C-corp accomplish this goal much more effectively (maintaining privacy)

as for s-corp:  it offers absolutely no privacy.  Each shreholder must disclose to the IRS his name, address, number of shares owned, when the shares were acquired, and ssn# to take advantage of any tax benefits (pass through taxation)the s-corp may have.

any collection attorney can subpoena the federal tax return of an S-corporation and learn everything he needs to know about its owners.