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Why move? If you are wealthy enough it isn't too hard to shield most of your wealth from taxes. It is not too hard, if you own your own business, to shield a g
by DamnYuppie 10y ago
Why move? If you are wealthy enough it isn't too hard to shield most of your wealth from taxes. It is not too hard, if you own your own business, to shield a great deal of your income from taxes. Setup a Trust that has a Holding Company which contains multiple LLC's. This is a very effective way to move money around while simultaneously reducing ones liability exposure.
Even if you aren't wealthy it is a great idea to have such a setup for ones home and other assets that you would wish to leave for others when you die. As it is in a trust you can buy pass a lot of taxes.
- mywittyname 10y agoOr domicile your business in Delaware most other companies do.