Quote:
Originally Posted by notinmybackyard
Register 2 separate companies. The first one is the company that's publicly known and the 2nd one is offshore and where all the money and assets go. In a worst case scenario, when the publicly known company has a serious problem, you just shut it down.
I recommend the creation of a Panamanian corporation and bearer shares.
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If you are in the US (or any other country for that matter) it doesn't really protect you.
Years ago I sued an offshore company. The owner spent a lot of money setting it up.
With 3 phone calls I found his home address in California and had him personally served.
When he walked into his deposition, all he could do was ask was how did I find him. He was really pissed. This is a small industry and if anyone knows you, especially your competitors, they will usually rat you out if paid enough money for information.