Businesses in California are overwhelmed with employee lawsuits, excessive regulatory constraints, and taxation. The tax concern hits at every level-income tax, sales tax, property tax, fuel tax, personal property tax, and a host of others. The income tax burden hits not just the business but personally as well.
Nevada asset protection: Nevada protects the attorney-client privilege
Nevada once again displays why it is one of the top asset protection jurisdictions. In a recent case, the Nevada Supreme Court soundly protected communications between an attorney and client. Specifically, the Court has addressed and firmly protected communications between trustees and attorneys.
Fraudulent conveyance concerns: A lesson from the Bridge Trust
Some asset protection promoters endorse an onshore-offshore trust strategy. The trust begins onshore in the United States and shifts offshore at the first sign of a potential creditor. Such strategies initially hold assets in a U.S. entity or domestic asset protection trust structure such as a self-settled trust and then shift or transfer to an offshore jurisdiction when a creditor appears. One such branded trust is popularly sold by promoters as "The Bridge Trust."
Mergers and acquisitions: Have you considered everything?
It all comes down to improving your company – and your profits. After all, this is what business is about and this is what you and your stockholders expect from an acquisition: a stronger company and more investment return.
