Why Separating Yourself From Your Assets Is A Good Idea
As mentioned elsewhere, the prevailing legal attitude in the US and elsewhere is that it's OK to steal from others as long as your method of doing so is legally sanctioned in some way. This can come from two fronts. You may be sued by a private entity, or you may find a lien placed on your property by the state.
Civil lawsuits are the most common threat to your privacy and your finances if you are a working professional in a licensed field. This includes high profile fields such as doctors (malpractice suits) and shopkeepers (personal injury claims), but can also affect you if you work in any licensed profession. Not only can you loose thousands of dollars defending yourself, but a losing verdict may result in the loss of your license. Loosing that license can cost you thousands more in reapplication fees, or may put you out of business permanently.
Equally common is the practice of "punishment by lien," in which a state or local government drives you out of business by garnishing wages (in tax suits), or laying claim to one's property as "compensation" if you are unable or unwilling to pay. This tactic also forms the legal foundation for eminent domain. In a nutshell, federal, state, and local law often permits governmental entities to claim ownership of your property, and threaten to seize that property for themselves if you don't obey. Put plainly, the state now assumes that it owns you and your property by default, and only lets you "borrow" your right to self-ownership and the fruits of your labor.
There are clear and real threats to your financial well being. Fortunately, there's also a very powerful tool to help you protect your money: The New Mexico "Invisible" LLC. What is an "Invisible" New Mexico LLC, and how does it help me protect your money?
There are two essential strategies for securing anything, whether it be your money, your identity, or anything else. First, there is what is commonly referred to as "security through obscurity." If someone can't find something you have, they can't take it from you. The classic example is burying your treasure in the forest somewhere or under the floorboards so no one can find it. This strategy is good because it's easy to do, and there's no one to rat you out, assuming you haven't told anyone else. The downside is that you're out of luck if its found.
Alternatively, you can make something "inherently secure" by making it physically difficult to break into. Examples include a bank vault or an encrypted file. Everyone knows they exist, but only certain individuals have access. Ideally, you want both. The highest security you can provide for your assets is to make them first difficult to find, and then subsequently difficult to cart away once found. The Invisible New Mexico LLC provides both these features.
Why The Invisible New Mexico LLC Is Better
The Invisible New Mexico LLC helps you protect your money or other assets by creating a substantial degree of separation between them and your personal identity. New Mexico LLC law is very simple, and only requires three pieces of information to create a legal entity:
- The company name, and the name of the company's principle place of business. This can be whatever you want.
- The name and address of your Registered Agent
- The lifespan of the LLC, which an be finite or perpetual
There are also no requirements to have quarterly meetings, earnings statements, etc. as you would with a New Mexico corporation. The benefits of this are obvious. Not only will you save time by not having to file useless paperwork or get a group of people together ever three months, but you'll also have the freedom and flexibility to use your LLC for asset protection even if you don't live in New Mexico. As long as you don't meet the legal definition of "doing business" in a state, you are free from most corporate regulations and taxes. As always, see your state's website and/or consult a qualified lawyer, as MP Asset Protection doesn't dispense legal advice.
Any LLC from almost any online "corporation mill" will give you some of these basic protections. However, an "Invisible" New Mexico LLC takes the protection to a whole new level, making it even easier for you, while making it ever more difficult for others to steal what is rightfully yours. Most "mills" require you to furnish sensitive information, including your name, address, sensitive billing information, and sometimes even your Social Security Number. Much of this information is also passed along to the state or the IRS. How can you trust these companies to keep your information safe, let alone the government? Wouldn't this put you at a disadvantage if faced with a frivolous lawsuit or prosecution for a victimless crime?
Invisible LLCs, such as from the trusted KeepYourAssets.net, are different.