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Wednesday, February 25, 2009

Getting Your Own Offshore LLC

By Justin Lisk

Offshore LLC's offer professionals the highest amount of asset protection available. Domestic LLC's do not offer the same all-inclusive coverage when compared to offshore providers. If you are thinking about an LLC, explore offshore providers and the international access to jurisdictions that they can provide. You will have much greater asset protection from an offshore provider.

Limited liability companies (LLC's) came about so that business owners could be protected against being held liable for the actions and debts of a company. While domestic LLC's have been successful in limiting the amount of liability, Offshore LLC's make your assets virtually untouchable.

Professionals and small business owners throughout the country have been forced to find new ways to protect their accounts, investments and other accumulated assets. Domestic LLC's do not offer the same amount of protection that can be achieved through international outlets, and they are more expensive as well.

Purchasing your company incorporation from overseas can have many benefits. LLC packages are available from many different jurisdictions that are competing for your business. Before committing to an offshore LLC provider, research the company so that you can rest assured that your assets are in good hands.

When you decide that you need to protect your personal possessions from outrageous lawsuits and excessive claims it is time for offshore asset protection. Some professions carry much more liability than others. The following professions listed below are representative of the types of jobs that simply require an offshore LLC in order to save your assets from lawsuits. Furthermore, this list is not comprehensive and there are many different types of people who could benefit from the protection offered by an offshore LLC.

Members of the following professions can benefit the most from an offshore LLC: doctors, lawyers, pilots, accountants, veterinarians, consultants, and ship captains.

If you possess a large amount of assets, are a high profile individual or a high risk professionals, or if you are planning on getting a divorce, you should also consider an offshore LLC. They can also be advantageous to both small and large business owners, and anyone else who is looking to guard their personal investments.

While there are many overseas countries that offer offshore LLC's it is important to compare prices and to make sure that these companies are reputable. Get in touch with an offshore financial service provider for more information of the benefits of offshore LLC protection. They can help to put you in contact with a select group of jurisdictions that are stable, private, and that have the lowest maintenance fees. It is also important to select a location that makes the process of incorporation simple and that offers tax reduction benefits.

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