Foundations To Stop Tax Reporting

[HeartyHandshakes]

Is it legal to use a foundation as the beneficiary of the corporation to legally avoid not reporting tax? On the surface it makes sense since you are not the owner, but only an advisor of the foundation with no beneficial interest.

This seems legit, what do you think?

Would you trust this structure or is there too much danger the fiduciary agent could run off with the money?

 

[laurie]

It's an extremely common setup.
Usually you have a LLC lets say Nevis owned by a trust for example Cooks Islands.

There is always a risk that your agent f**k you, that'a why you better work with trustworthy partners.