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Protect Yourself against LIABILITY |
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As a private person as well as a business person, you can never truly escape liability. But you can eliminate its unpleasant financial consequences for yourself, your family, and your business, in case you should face a liability problem, whether the claim is genuine or frivolous. | |
You can cover certain aspects of
your liability through insurance. However,
these insurances, especially for
professional activities, will rarely cover
what you really need to
protect yourself - unless they become
outrageously expensive...You might still need liability insurance as a formality, in order to run your business. Your customers might expect it as a prerequisite for doing business with you - or your government might demand it in order for you to obtain the licenses you need in order to operate your business legally. In those cases, you simply buy the insurance that fits this particular purpose best. For your personal protection, however, you are far better off making yourself invulnerable. This means that you transfer all your assets to an Offshore Trust that is not liable for your actions. For this to work for you, you need:
Once you have your assets owned by your offshore entities, you will legally own nothing - and hence will not suffer any consequences of whatever claim you might be subject to. You do not even have to defend yourself in court, because it does not matter if you lose the case! You can accept the liability, but it will not have any financial consequences for you, regardless the claim. |
Here is the outline for
what you should do to protect yourself from
private and professional liability:
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**************Warning!************* |
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From childhood, we have learned that, if we want to control something, we have to own it... Nelson Rockefeller once said, "I want to own nothing, but control everything". The truth is that the kind of control that is established through your ownership is the government's control over you! What you own is simple and easy for the government to take away from you. By signing your tax return, you allowed the government to do this, without first obtaining judgment, in case there should be a dispute between you and the taxman about what you are supposed to pay in taxes! Morale: What you own is nothing but the government's collateral for your compliance with the government's demands for taxes...! With even the US government's tax experts being proven wrong in more than 38% of all cases where they have answered taxpayers' inquiries about tax laws, this is pretty scary... |