3 ms·
I suspect there's a large fixed cost to arrange this so it doesn't make sense for most people. Though maybe there's way to make it cheaper! Also with inheritan
by varenc 5y ago
I suspect there's a large fixed cost to arrange this so it doesn't make sense for most people. Though maybe there's way to make it cheaper!
Also with inheritance tax in the US, your estate isn't taxed unless it's worth more than $11.18 million [0]. So doesn't matter for most people. It's estimated only %0.2 of estates pay the tax.
[0] https://en.wikipedia.org/wiki/Estate_tax_in_the_United_States https://en.wikipedia.org/wiki/Estate_tax_in_the_United_State...
- dheera 5y agoI suppose a lot of the fixed costs are lawyers charging $1000/hour to fill in some blanks on some Word templates? Maybe an entrepreneur just needs to make that a web form. Fill in details and generate the same form for $10 instead of $1000. And then some robots to print, seal up, and mail the envelopes and we're done. I should be able to spin up a Dutch shell company like an EC2 instance. Maybe have "AWS" regions for Cayman and other places too and a Python API to spin up shell companies in arbitrary locales.
- the_local_host 5y agoEach pod in a Kubernetes cluster should register itself as a separate LLC and declare bankruptcy on shutdown. Free cloud deployments!
- ALittleLight 5y agoCould there be one Dutch Shell Company Company and individuals could enter into a contract with it to pass their wealth through to avoid taxes?