You most certainly have seen the ads and heard the promoters touting the incredible benefits of offshore asset protection: Privacy, anonymity – and the big one – no taxes ever.
But there is a wrinkle in all their chatter. Uncle Sam taxes U. S. citizens on their worldwide income. So in another one of those [...]
The general partner is responsible for running the business efforts. When people deal with the limited partnership, they are essentially dealing with the general partner and its employees. The limited partners, however, are in a unique position.
A limited partnership provides protection from liability to the limited partners much as you would find with a corporation [...]
It is no secret that the United States is the most litigious society in the world. That said, it is important to acknowledge that many of these lawsuits are a necessary component of our legal system, and possibly the only means to right many of the wrongs that occur in our society. However, the other [...]