(San Diego, CA) - Who else is fed up with S-Corp and LLC hassles? You know the drill – Secretary of State website robots, endless paperwork, filing fees, resident agents, franchise taxes, corporate veil, junk mail and unwanted publicity. Plus you need to figure out how to use it.
What if you could get all the benefits plus privacy without involving the state government?
Use a commercial business trust. They’ve been around since the 1800’s in the UK and USA. Hiding in plain sight. For example, Lloyds of London, AT&T, Mutual Funds, REITS and Walmart.
Reason 1 - Privacy. Many people think LLCs provide confidentiality. But they always leave breadcrumb trails online. Only a business trust can create private contracts or anonymize public records.
Reason 2 - Banking. You still have compliance and income tax obligations but your bank account is truly off the public radar screen.
Reason 3 - No Fees. Business Trusts rarely pay filing fees or franchise taxes.
Reason 4 - No Corporate Veil. Since there's no state government involvement, there's no corporate veil risk.
Reason 5 - Security. Any type of asset is safely protected from the personal financial affairs of the owner(s).
"Business Trusts are ideal for real estate investors, self employed individuals, import export companies, etc,". said James Billings, founder of TrustArte. "Just the privacy factor alone is priceless peace of mind."
To sum up, rather than an LLC or S-Corp, for privacy and security of business assets a better solution is the Business Trust.
ABOUT TRUSTARTE
Contact James Billings at (619) 537-8625
Or visit https://www.trustarte.com/odc-register/
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