ATTENTION INVESTORS & BUSINESSPEOPLE
Do You Own High Value Assets?
Such as…a business, real estate, brokerage accounts, intellectual property, private equities, art collection, etc. That all sounds like John’s portfolio…
JAMES BILLINGS
Dear Friends,
John didn’t make his money listening to bureaucrats, lawyers and naysayers. He was a self-made guy using hustle, grit and ingenuity with a little bit of luck. His money was nobody else’s damn business...
If you want your assets to remain private or anonymous, you might enjoy reading his story...
He wondered what if any of his assets might be online. So John asked his computer savvy friend Jacob, “see if you can find any of my stuff online...”
The Results
Looking at the secretary of state’s business portal Jacob found several of John’s companies. Two active LLCs and one S Corporation. Each listing included the officers, managers, members, addresses, resident agents, and year of inception.
Next was the County Recorder’s database. Using the names of the LLCs, Jacob was able to find three investment properties owned by John. Each record included what he paid for a property, date of purchase, lender loans, property taxes, mailing address, property legal description. Using this data he was able to estimate John’s net equity in each property.
Finally, Jacob did a public records search to see if John had any outstanding civil judgments, bankruptcies, criminal issues, employers, federal or state tax liens. Corporate Wikipedia connected all John's companies. Other databases listed John’s previous residential addresses, relatives, phone numbers, etc.
John’s Reaction
"Holy "@#$%^&*", you gotta be kidding me?" Jacob gave him the printouts. John didn’t like these results at all. He is a successful businessperson. He wants to avoid publicity or notoriety. In the current global climate of social unrest and wealth inequality, John knew people with financial advantages are on the defensive. He felt, why elicit enmity and jealousy?
Asset Records History
Long ago these records were private – because they were difficult to look up.
Corporation & LLC records would have required Jacob to write a letter to the Secretary of State’s office then wait for the US Mail to arrive. Or he’d need to visit one of their big city offices in person. It was a time-consuming manual effort.
The same for Real Estate records. He would need to visit the recorder’s office in person. Ask the ladies how to search microfilm reels or search handwritten books. You had to leave your house to do this search.
Public Records were also a manual search process. Had John tested Jacob to find his assets pre-internet, he would have spent at least one solid business weekday doing in person research, providing he was in the right town with government offices.
But with the internet he got all John's info in 15 easy minutes and printed out the details. If Jacob can do it, so can others.
LLC and S-Corporation
These business organizations are generally considered a safe harbor for business assets.
But it turns out that John’s single member LLC came with various risks. This included the loss of liability protection, higher audit profile, personal assets at risk, creditor obligations, court rulings. None of these risks were disclosed on the Secretary of State’s website. Nor did they warn about business identity theft.
Nevada, Wyoming, and New Mexico offered him assurances of confidential shareholder records. But his LLC details are still listed online. He’d need to find another person to list as the manager plus get a physical address. Service providers were available, but could an unknown person connect back to him?
The Secretary of State claims to have you in mind but their agenda is clearly self-serving. Thousands of nice people work there but the SOS is not a real person. It’s a bureaucratic, politically driven government institution designed to collect revenues.
John read the state's privacy policy and civil code. There's no guarantee of absolute confidentiality. Only general assurances with exceptions. Everyone knows confidential agreements get broken all the time.
Then his attorney, Adam, informed him of the Corporate Transparency Act. He told John “You soon need to disclose your name, ssn and address to FinCEN,” a department of the US Treasury. This was a new extra burden to operate his corporation and LLCs.
John remembered the big guys described in the Panama Papers, Pandora Papers and Paradise Papers getting hacked and outed. Was his privacy real or fantasy? If someone did find out he was behind a Corp or LLC – what extra actions might he need to do to stay safe?
LLCs and Corporations & APT are Expensive
John also realized these organizations are like the laser printer he bought on sale. They sounded like a good deal up front. Only later did he learn about toner cartridges.
The Corporations and LLCs were initially inexpensive, but Pacman arrived soon thereafter. A thousand little bites – eating up John’s money and time!
Annual fees, resident agent fees, franchise taxes, paperwork filings, etc. Plus the hidden costs – of his productive time at $300 an hour. Open the mail, read the form, think, fill out the statement of information.
The Inc/LLC game didn’t save money. It was another deceptive sales gimmick that cost him extra money – year after year - for each LLC or Corp.
Business Rules Always
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Avoid Getting Sued – deal with messes when small
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Selective Asset Privacy
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Keep Your Mouth Shut
Asset Protection Schemes
These are a maze of mind-numbing legal structures such as Family limited partnerships, LLCs, charitable trusts, etc. all lashed together. Without a law degree, John lacked confidence that he understood these complex and pricy structures.
He studied asset protection trusts (APT) in South Dakota. But then discovered he was back to state government registration, promises and permissions. His former business partner Chris told him, “John, these trusts could raise your IRS audit profile.”
A few of his buddies went for these programs, but John wondered about the small print. He really wanted something safer and easier.
Business Trust Company
John’s frustration led to discovery of the business trust company. His wife’s Uncle Malcolm in London told him they’re sleepers. Few know about them and even fewer how to use them. It looked ideal to hold his art collection, trading accounts and real estate. Why hadn’t the USA legal guys told him?
The United States legal community is mostly unfamiliar with business trusts. Yet in London UK and other global financial capitals they’re well understood instruments of commerce.
300 years ago it required an Act of Parliament to approve a corporate charter. Lloyds of London as well as the London Stock Exchange chose the much easier Business Trust. We had the same problem in the US because state legislatures had to approve corporate charters. Business Trusts were again the alternative.
During the Standard Oil and US Steel era, lawyers and courts were familiar with business trusts. The US Supreme Court heard and rules on cases. But starting in the mid 1960’s trusts were eliminated from law school curriculum in the US.
REITs and Mutual Funds in the US are business trusts. But your garden variety lawyers and judges never learned about commercial trusts in law school or tested on the bar exam. John's thinking, advantage?
How did John use the Business Trust?
Private Transactions
Transferred the art and trading accounts from his personal name to two separate Business Trusts. John privately controlled the investments and money, plus got asset protection.
Data invisible and identity hidden.
Anonymous Ownership
John deeded his real estate to different business trusts for each property. The deeds were in the public records. Yet he'd anonymously control operations and the money. He also gets asset protection.
Data visible and identity hidden.
What's Anonymity?
Translated from Greek it means, “no name.”
If you can find assets in public records (Recorder, SOS, Customs & Border Protection), you control privacy with a business trust.
Income Taxes
If a business trust earns a profit, it has a federal income tax obligation. Per IRS rules it has three income tax classifications - disregarded, partnership or corporation. John liked this flexibility.
His 80/20 tax philosophy - "It takes me the same time, effort and energy to either make money or save money." "Where is my best net yield – saving $200 or making another $800?"
Test Question - what’s more expensive than paying taxes?
Answer – TIP = taxes, interest, and penalties.
John's Friends
Import company – Paul’s competitors were jealous of his success. They wanted to know his overseas sources. They found his LLC company in the public CBP database and contacted the German supplier direct. His partner was furious. They created an anonymous business trust. It became their ‘nominee’ importer to sandbag the competition.
Self-Directed Retirement Account – for seven years Judy had paid over $1,000 annually to maintain an LLC. She anguished that $7,000 loss from the retirement account and imagined the cost for another 15 years. Dissolved the LLC and set up a private business trust.
Fiancé – Tom was engaged to Kate. The second marriage for both so a prenup agreement was extremely important. But his stock ownership in the family company would need a detailed valuation. Her financial affairs were also an issue. They both had children. How could they do a prenup without pages of lawyer talk and disclosures? They wanted simple. A separate business trust for each. No disclosures, no signatures, legally safer private transactions.
Federal Judge – Manuel’s courtroom had seen many dangerous defendants over the years. His personal residence in the public records became riskier by the day. Physical threats to his family were real. The solution was a business trust to anonymize ownership and hold title.
Crypto Investor – in 2012 Ben invested $10,000 in bitcoin. During 2021 he wanted to sell. He lived in a high-tax state. The solution was transferring his ownership to a private business trust in a zero-income tax state.
Self Employed Pro - for ten years Gail had an S Corp. It cost her roughly $10,000 plus all the paperwork hassles. She'd had enough. Dissolved the corporation. Setup a business trust. No brainer.
How Do I Get a Business Trust?
The Jigsaw Puzzle
DO-IT-YOURSELF is all the little pieces in a box without the box cover big picture.
How does it all fit together? Broken parts? Incomplete? How slow will it take? Nobody to help?
E-SEMINAR is all the pieces with the box cover big picture and expert guidance.
You instantly see how it looks finished. Get instructions on how sections go together and in what sequence. It's complete. Your personal guide is on standby. Get rapid results.
Why Would I Use a Business Trust?
To Create Private Transactions
To Create Anonymous Ownership
Extra Benefits
Remove assets from your personal tax return
Enhance your financial statement
Control what assets and equity others see.
Take back privacy even in the internet world
The safest form of asset protection is privacy.
Check out the Business Trust e-Seminar. Come by.
Why Trustarte?
Because the founder James is one of the worlds most sought after business trust experts for asset privacy.
As a successful stockbroker in the early 1980’s and CA Real Estate Broker in the 1990’s he realized few professionals ever advised clients on title vesting.
Accountants, lawyers, escrow agents, real estate agents, financial planners, etc. all know standard vesting methods. Very few are familiar with a commercial business trust for private transactions or anonymous ownership.
You might ask, "why not?" Two reasons. One is because they never learned. And two, because they have zero incentive to advise you. Title is your issue. Their sole job and how they get compensated is to process a transaction.
In 2018 he published a book on business trusts called "The Uncorporation." His reputation grew and more clients asked James, "please help us keep our assets private." That’s why his 27 years of expertise is valuable and scarce.
e-Seminar
The e-Seminar has two parts – one is theory, and the other is practical. You need both to get maximum benefits and results.
Blank forms are 10% of the puzzle because they need context. The other 90% comes before you ever touch the paper. What is your situation and goals? The many variables are easily understood yet essential to successful execution. And just like in your business, review the checklists. Find out what you didn't even know to ask.
Quick Start Guide - if your time is short, follow these instructions to get your business trust setup within a couple of hours.
- Assets IN vs OUT - which ones
- Living Trust - How it fits with my Living Trust
- LLC - Does it Work with my LLC/Inc
- Instructions, Tactics and Strategies
- Trust Declaration - PDF & MS Word
- How to Name your Trust
- How to Select your Trustee
- How Many Trustees & Why
- How to Select Beneficiaries
- Revocable or Irrevocable
- Who is the Ideal Beneficiary & Why
- Where to Domicile your Trust & Why
- How not to get your EIN from the IRS
- Why & When Do You need an EIN
- How to get an EIN without SSN
- Why create multiple Business Trusts
- CFR Title 26 Regs for your CPA or Accountant
- Answers to Bankers Questions
- How your Bank Account is Indexed
- What type of Bank Account do you get
- Bank vs Brokerage Accounts
- List of Preferred Banks
- International Banking
- The "Art" of Banking
- Doing Business or Not Doing Business
- DBA Issues
- Intrastate vs Interstate Rules
- Business Credit Issues
- Employees & Contractors
- Lawsuit Info & Strategies
- Lawyers, Judges & Attorney Problems
- State Registration Loopholes
- Federal Income Taxes
- How to get Assets into the Business Trust
- How to quickly change tax Domicile
- Why to change Jurisdiction
Strategy & Tactics
You need both – because tactics show you "how" to get somewhere and strategies show you "where" to go.
In other words, "where are you going and how do we get there?" It’s the small decisions that make an enormous difference to your outcome.
ROI Value
The e-Seminar is $3,000 once.
John was paying over $3,000 every year!
LLC or S Corp - ROI
Math - endless fees - today, tomorrow, and every year.
Time - vacuum suck - maintenance today, tomorrow and forever.
Privacy – public breadcrumb trail – today, tomorrow and permanent.
Your money, time, publicity – for each INC/LLC – every year. What’s your excuse for still using them?
Business Trust - ROI
Math Value – Simple
Time Value (n) – Precious
Privacy Value - $50,000 or Priceless?
Compared to LLC or S-Corp a Business Trust is the better value!
Our marketing consultants want to raise the price.
John bought his e-Seminar. Within a few short days you setup 3 separate business trusts for your real estate and brokerage accounts.
e-Seminar for You?
Let’s first exclude the people who don’t want to learn how it works. It’s not difficult but does take a mental commitment. This e-seminar is for people like me that want to know how it all works and have expert guidance on standby.
The Quick Start Guide walks you through the essentials. Setup your new business trust in a couple of hours. When you have more time explore all the comprehensive resources.
You can only buy the e-Seminar if you are a take action person. You think different. Everyone else is in the rearview mirror. You’re in front of the pack where the view is clear.
Now Your Opportunity
John had a problem with LLCs and Corporation as did his friends. After discovering the business trust and some quiet ‘think time,’ he decided it solved many privacy concerns. His wife was pleased too.
99.7% of people will never see this page you’re reading. You're in the 1% just being here.
Anonymity is a unique human psychological experience. We all have public identities to the world, but at times desire to switch that off and operate in secrecy. The internet changed the paradigm of how we stay safe.
The more publicity your assets get, the more scrutiny it invites. Eliminate government fealty and busybodies from your affairs. Maintaining privacy and a sense of anonymity can give you peace of mind.
Once you start using business trusts – you'll never look back.
Regards,
James
p.s. anything an LLC or Corp can do - a Business Trust can do better! Without government permission and totally private. Get the e-Seminar.
USD $3,000.00
After purchase personalized logon credentials are immediately sent to your email address. This is a single user license. Unlimited business trusts. Never expires. 24/7 access.