Asset Protection Services of America
“Cover Your Assets” Newsletter
Issue N° 05 - Series LLC
Is a ‘Series’ Limited Liability Company akin to putting all your eggs in one basket or can a Series LLC truly provide asset protection through the segregation of subsidiary assets and liabilities?
Originally designed to assist investment companies in the mutual fund industry avoid a multitude of SEC filings, Delaware introduced special interest legislation in 1996 to enable one company to act as an ‘umbrella’ for the activities of all their individual client funds . . .
It is imperative, therefore, that you understand the difference between “Inside and Outside Lawsuits” as explained in our publication “Cover Your Assets (3rd Edition)”. Personal liability protection varies greatly from one State to the next and knowing in which states it is preferable to incorporate is paramount to your overall success.
Knowing how and when to best make use of “Land Trusts” and when holding title to real property is of tremendous help to real estate investors and homeowners alike. Our free publication entitled “Operations Manual” provides you with nearly 250 pages of forms for “How To” make the most out of your entity including resolutions, agreements, contracts, minutes, meetings and much more!
In our publication “Bookkeeping in About an Hour”, with a foreword by Tax Attorney Mr. Scott M. Estill, we alphabetically list every “Tax Deductible Item” and “Medical Expense Deduction” we could locate in the Internal Revenue Code for entities filing an 1120 tax election. Each deduction listed is provided with the corresponding Standard Federal Tax Report Paragraph, Revenue Ruling, Code Section and/or Regulation.
Be very careful if you are considering looking at “International Tax Havens” for although other countries may not possess any tax liabilities for the Ultimate Beneficial Owners (UBO) in their jurisdiction, that does not mean you are void of any tax consequences in your tax-resident country. In the United States, “all worldwide income, wheresoever derived, is taxable!”
Our “Revocable Living Trusts” are for the avoidance of probate and include a “Pour-Over Will” to capture any assets not assigned to the trust or listed in the Addendum “A”. The Revocable Living Trusts of APSA are ‘state specific’ and drafted by a special software program written by attorneys for attorneys and professional document preparers.
Primary Services Include
Non Profit Corp
Equity Recovery Program
Limited Liability Companies
Joint Venture Agreement
Single Member LLC
Multi Member LLC
Limited Liability LP
Business Preservation Trust
Personal Property Trust
Revocable Living Trust