Offshore Corp Asset Protection?
My reasons for wanting to go offshore are to avoid the celebrity attorneys that just want to make some quick money by scaring you with C&D. My feeling is that if they see you are offshore they will be much less likely to pursue anything since it would require actually filing papers in that actual country. I may be mistaken about this but I have always been told if they can't find you they can't sue you. In regards to tax reduction why can't I have offshore merchant accounts, bank accounts and simply make trips over to the country with a few friends each bringing back $!0k in cash (which last I checked was the amount you didn't have to declare with customs) In addition I could purchase precious metals and other things of value. Since there should be no record of this wouldn't this amount of money be "taxfree'"? After which I would then file US corp taxes for a much lesser amount as to not wonder how I am supporting my "lifestyle" It's obvious they will follow bank transactions and such but since I physically got the money there would be no record of me bringing it over. Am I way off here or is somewhat of a "solution"
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