US based - Starting a Business - Protect Ownership during divorce

[vantmas]

Hi All -
Been googling this all night but so much information and I don't know what is true or what is a sales pitch, etc. Any advice would be greatly appreciated.

I am married and live in California, don't know how much longer it will last. I am starting a company with two other partners, and while it will definitely be a startup with 0 revenue for the first year, I see a lot of potential.

I want to protect my ownership stake as much as possible, so I am thinking to create a foreign llc to hold my ownership and the foreign trust owned by me will own the LLC.

Would this be the best way to operate, or am I going overboard and just a foreign LLC with foreign bank accounts holding any earnings would be enough?

Lastly, which country would be the best place to do this? The easiest for me to deal with, the cheapest for me to setup, and that I can fully trust?

Thank you again, any guidance would be so greatly appreciated.

 

[fortunespeculator]

Create it in Nevis my friend foreign country judgments dont apply to Nevis companies.Also you‌ can think of taking out maximum cash and keeping it in a non crs country‍ like Georgia.However cover your tracks by depositing in cash and never bringing back any wire⁠ transfer from there to yourself back home in the us nor send any wires from⁤ us to georgian account.But due to fatca you will have to report back the bank⁣ account in the us however if you can also get a second passport which is⁢ non canadaian and non european and renounce us citizenship i mean then this cash policy︀ will work.

 

[Martin Everson]

How about you divorce the heffer first︁ and then start your business?

 

[user9823671]

Or maybe go see a counselor and save the marriage and live‍ happily ever after with the woman you love?

 

[fortunespeculator]

Dont think there is much‍ love left in the relationship based on the statement given.And anyways a younger woman would⁠ be a nice choice 😉 ,however with that said if you really love someone you should⁤ never part anyone till death unless they cheat on you or put false cases on⁣ you.If you had chosen someone you love then it is better to strengthen the relationship⁢ by working on it rather than waiting till its too late.Money and business will come︀ and go but a good relationship once lost will never come back.

 

[Martin Everson]

Deep I must say.

But my feelings on marriage has not changed from my below‌ post I made back in February when I said a whore is better option for‍ companionship smi(&%.

For OP it is worth reading the︊ full discussion below on hiding assets.

https://www.offshorecorptalk.com/threads/hide-assets-before-marriage.27460/

 

[Tax Cow]

@fortunespeculator

Exact opposite. Your $ and status stays, but women come and go. Fail to‌ manage your $, and they only go.

Marriage is nothing to celebrate as a man.‍ Useful life-cycle of a woman is 8-12 years. Her expectations and standards, however, stay even⁠ after she's an orange peel. Would you pledge half of your net worth to a⁤ stock that loses 5% of its value every year?

Life-long marriage should be considered if⁣ both conditions are met:
1. You're hopelessly religious.
2. Woman banged you before you had⁢ the $.

In all other cases, the woman out-plays you. Women cheat in life by︀ skipping the struggle of building a future and relationship from ground up.

But in all︁ cases:
1. Once it's over, leave the home to her and kids.
2. Pay the︂ child support, much more than the law requires.

 

[fortunespeculator]

Don't agree︁ completely with you my take is if somebody is not cheating on you and is︂ there for you .You should keep your commitment too.If your wife cheats on you and︃ puts false cases or charges on you she is your sworn enemy so treat her︄ like one in that case. Aging happens to both men and women so lets not︅ talk about depreciation- one should also not look at women as a commodity unless she︆ is an escort or a hooker.The problem is not women per se - the problem︇ is about stupid laws in favour of them in most cases.Working on getting these laws︈ changed to gender neutral type will resolve the problem however until then we may need︉ to follow your advice which is however an immoral path to follow .If you want︊ to treat women that way do you also treat your parents that way because they︋ are also aging and depreciating?Lets not compare apples to oranges ;human life and a stock︌ cannot be compared.

 

[Silvio]

Totally agree about all this, if we're talking⁤ only about sex it makes zero sense to marry ... but what about having kids⁣ and raising a family?

 

[fortunespeculator]

The point is true about sex but the point about raising kids and‍ family will not work with the ideology given by Martin and Xzars

 

[Martin Everson]

Thats something you do once you made your money and are in a position to settle‌ down. You shelter your assets by setting up a trust and move all your wealth‍ into the trust first with a class of beneficiaries being your future kids an have⁠ an advisor appointed to the trust to manage the assets inside it. Then you marry⁤ under a system that allows your wife no access to wealth accumulated before the marriage.⁣ Then sit back and enjoy family life and raising your kids.

 

[Silvio]

Any systems like this that don't give wife access to wealth accumulate︀ before the marriage? preferably also with 0% tax? 😀 (except Monaco which was discussed here before)︁

 

[Praetorian]

1) Tell her as little as possible about your ventures, assets, investments, etc. If you‌ did then you already lost the game if she decides to hire a decent enough‍ lawyer. If not, move to part 2.
2) Incorporate a company abroad, where the UBO⁠ registry is closed, transfer your startup ownership to that company. (I would pay for a⁤ good lawyer to set this up). If you are shameless then simulate a transaction where⁣ you sell your ownership of that startup to that offshore company so if her lawyers⁢ start digging they have a decoy to waste time on, and perhaps it could discourage︀ them from digging further.
3) Do everything in your power to make the pursuit of︁ your assets more costly to her than settling for a deal where you dictate the︂ terms.
4) Don't marry a gold digger next time.

To reduce the trail even further,︃ don't use your bank accounts to pay for lawyers/offshore services, since her lawyers will request︄ statements from you in the event of a divorce. Try to set up a personal︅ offshore account and pay for everything through that account, or use crypto. Attracts less attention.︆

 

[user9823671]

Really? I don't think so. Do you know how annoying younger people are? Especially, more‍ often than not women. Sure they may look better in most cases, be more energetic⁠ in bed, but as martinemerson said, just go pay if you want to have sex⁤ with a young woman. But for someone to live with, I couldn't think of anything⁣ worse.

 

[Martin Everson]

Switzerland for example

 

[Silvio]

Thanks, will check it out.

 

[Tax Cow]

This is some‌ solid advice but certainly assumes that you manage to play the taxman first. If you‍ were honest at any point in your asset declarations, a prosecutor may be quite ruthless⁠ and unhappy with a current declaration in which is your net worth is similar to⁤ that of a truck driver. How did you lose your money (and please provide proof)⁣ he may ask.

I believe the best thing we can do as men is to⁢ offer women who raise our children security without marriage.

- Certainly easier said than done︀ in some cultures where pregnant unmarried women are perceived badly. If you pull it off︁ with a southern-European woman before putting a ring on her, your partner's family will bully︂ you into proposing her! Yet having children outside marriage is completely normal elsewhere (Denmark, Sweden,︃ Estonia). A reason to travel for our younger male audience, perhaps? fin4774"

 

[Tax Cow]

Jeff Bezos's case should be a life lesson to all men. The bitch could have‌ asked for a villa and 20m, and been grateful to be able to spend her‍ retirement like a queen in luxury. Yet she reached out to lawyers to milk as⁠ much as possible. Most women will act the same given an opportunity. A disgraceful bitch.⁤

 

[Praetorian]

Very true ! I mean at this level and if you︃ have significant assets, it's definitely your responsibility to take appropriate actions early on to make︄ sure they are protected in case a rainy day happens, and surely they do happen︅ to the best of us. Even if you married an angel, it only takes a︆ few arguments, some new guy in the background she's into and decides to cheat on︇ you with, a viper for a friend who will turn her against you and you'll︈ be dealing with a literal snake who won't try to settle for her "fair share"︉ but instead will do everything in her power to take as much as she can︊ knowing that it's legally possible. People do change, even the ones with good nature, as︋ soon as large amounts of money are in play. Never wait until s**t hits the︌ fan to figure out what to do, always have an exit plan.

If all else︍ fails, the only way to get ahead is to be dirtier than her, blackmail/other schemes︎ to deter her from being too greedy. Either way i would never cave in and️ give someone half (or more depending on what cucked country you live in) of my‌ life's work just because she decided she didn't love me anymore.

 

[fortunespeculator]

Absolutely. Kick her⁣ a*s the best way possible remove all assets from her hands