Finance
After the Patriot Act - How to Take Back Your Privacy
In recent years we have seen a dramatic decline in personal privacy in the Land of the Free. Vast amounts of data including financial transactions and phone calls are being recorded on each citizen and since virtually all of our financial activities are tied to our Social Security Number this information is neatly compiled and easily available to the government, private investigators and even through the Internet.
As our privacy erodes, so does our ability to protect our assets. When our assets are easily visible they can readily become the target of an unfriendly third-party with an aggressive attorney.
But there is still a way to enjoy financial privacy and that is through the use of a private corporation that cannot be tied to your Social Security Number.
Corporations, in the eyes of the law are considered an artificial "person," completely separate from the people who own and operate it but it is only in the State of Nevada that you can control your corporation and keep your identity a total secret.
What makes Nevada special? In a nutshell, there are two key components unique to Nevada that allow you to have a tremendous amount of privacy:
- You can appoint a single trusted person other than yourself to act as the officers and directors of the corporation. This person is known as a "Nominee" and will be the person of record with the state, not you.
- Stockholders of a Nevada corporation are not a matter of public record so ownership of the Nevada corporations is not known to anyone but you.
Carlos Lee, MBA, is the senior consultant for Asset Protection Consulting Group. Visit Asset Protection Consulting Group to learn more about how to bulletproof your assets against future lawsuits. |
Carlos Lee
Tags: Asset protection, privacy, Patriot Act, Nevada corporation, lawsuit preventionSimilar articles
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