Your Home is No Longer a Full Service Tax Deducting ATM Have you ever tapped the equity in your home to pay for a new car or a college tuition? With a HELOC, also known as a home equity loan or line of credit, you could do so. Better yet, you could deduct the interest...
Asset Protection Resources Articles and Resources
Does Asset Protection Trump the US Constitution?
An Alaska Supreme Court Rules on Alaska Domestic Asset Protection Trusts Created to Protect Assets from a Montana Lawsuit Court Case: Toni 1 Trust, by Tangwall v. Wacker 2018 WL 1125033 For fraudulent conveyances, Can one state assert exclusive jurisdiction over...
Five Steps for Real Estate Asset Protection
When purchasing real estate, it's critical to protect ourselves and our possessions from lawsuits. We live in the most sue-happy society, in one of the most litigious times, and you need to protect yourself. One way to help prevent people from obtaining all your...
Media And Tech Giants
You Can't Vote On UsDo As I Say, Not As I Do Hypocrisy: A pretense of having some desirable or publicly approved attitude. The media and tech elite in America lecture us that our voting system is unfair, easily colluded with and leaves millions of people...
Estate and Gift Tax Exemptions Increased for 2018
The Internal Revenue Service (IRS) just announced new rules for 2018. First, the estate tax. In 2017, an individual could pass with $5.49 million in assets and not be subject to any federal estate tax. This amount is doubled for married individuals (or $10,980,000.)...
Using LLCs to Hold Paper Assets
Many of our clients hold their stocks, bonds and other paper assets in the name of an LLC. If sued personally they will benefit from the charging order protections in strong states like Wyoming. Conversely, if they hold brokerage account(s) in their individual name a...
Lessons from a New York Court Case on Piercing the Corporate Veil
Some business owners and investors don't understand the importance of keeping business and personal dealings separate, and can end up paying for it. Especially, when they are treating their business like their alter ego as was the case in this unfortunate New York...
New IRS Rules for LLCs and LPs Require Amending Operating Agreements Immediately
The IRS has instituted new audit rules which require every LLC Operating Agreement and Limited Partnership (LP) Agreement to be amended. While we have never experienced such a dramatic requirement, it is important to make document amendments before December 31, 2017....
Safe Deposit Security for Wyoming LLCs
Holding LLC Certificates in Wyoming for Superior Protection with Armor8® You want the best protection possible for your assets. You want to use the strongest entity available. But if you live in a weak asset protection state (like California) and set up your LLCs in a...
Registered Agent Service Could Save Sued Business Owners Big Money
Every corporation, LLC, or limited partnership is required to have a registered agent, sometimes called a resident agent, to collect important legal documents for the business. This includes a service of process in the case of a lawsuit. Many small business owners opt...
Offshore Asset Protections Diminished
New Court Case Minimizes the Protections Offered by Offshore Asset Protection Entities with U.S. Offices At Sutton Law Center and Corporate Direct we don’t provide offshore asset protection, so if you want to use the Cayman...
Strong State LLCs Can Protect You From Excessive Charging Orders
Does the state you incorporate in determine how much someone can collect from you after losing a lawsuit? The answer is yes. Read on to see how this works. What Is a Charging Order? A charging order is a lein on distributions from an LLC. When someone sues you and you...
Corporate Attorney and Asset Protection Expert, Garrett Sutton, Featured on Bravo
Garrett Sutton, Corporate Attorney and Asset Protection Expert, was recently a featured guest on Hollywood Live. The show was filmed by an Emmy Award winning crew in the penthouse of the Hollywood Roosevelt Hotel that overlooks Hollywood Blvd, in Los Angeles,...
What is a Registered Agent? And Why Do I Need One?
Every corporation, LLC, or Limited Partnership must have a registered agent (also known as a "resident agent," "statutory agent" or "agent of process") in their state of formation, and in any state the company qualifies to do business in. The registered agent ensures...
Effective Wyoming LLC Strategy for Asset Protection
Wyoming LLCs: Strong. Affordable. Private. These three features make the Wyoming LLC the entity of choice for clients serious about asset protection. Strong Wyoming offers the strongest asset protection law in the country. The charging order lien is the exclusive...
Texas LLCs Lose Charging Order Exclusivity Protection
Texas used to be considered a strong LLC state. But strength can evaporate with one court decision, which happened in Texas in August, 2016. In Devoll v. Demonbreun, 2016 WL 4538805 (Tex.App. August, 2016) Rebecca Demonbreun went to court and won $114,000 from Norris...
How to Pay for Your Child’s College Education with UTMA Accounts
by Scott Cooper When it comes to planning for their child’s financial future, parents are presented with a vast array of options. But, transferring property to minors can create a number of problems for parents trying to bestow assets to their children. While many of...
Garrett Sutton on William Shatner’s Moving America Forward
Owning your own business is part of the American Dream, but most business owners don't have the expertise to determine how and where that business should be set up to protect themselves against lawsuits and liability. Garrett Sutton explains how owning the right...
Why You Always Want A Wyoming LLC
Are you protected if you're in a car wreck or are sued? Will your LLC assets be sold to pay the lawsuit winner? It depends on the state. Learn why Wyoming's laws are an entrepreneur's best friend and how to use it to your advantage. Wyoming Law Blocks A Judicial...
You Need This For Asset Protection in California
By Garrett Sutton, Esq The state of California has implemented rules (and costs) for business owners and holders of real estate located within California. In this fashion, you had the better protection of a Wyoming LLC. In Attack #1 where a tenant, for example, sues...
Why Incorporate In Nevada or Wyoming?
Nevada and Wyoming both offer excellent asset protection benefits and no state taxation. The corporate and LLC laws in each state are business friendly, and under the favorable laws directors, officers, shareholders, managers and/or members do not have to live or hold...