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Thursday, February 5, 2009

Offshore Bank Accounts

By Justin Lisk

Offshore LLC's offer professionals the highest amount of asset protection available. Domestic LLC's do not offer the same all-inclusive coverage when compared to offshore providers. If you are thinking about an LLC, explore offshore providers and the international access to jurisdictions that they can provide. You will have much greater asset protection from an offshore provider.

LLC's (limited liability companies) were created in order to offer business owners a layer of protection by limiting their liability for the actions and debts of a company. Offshore LLC's offer an even greater amount of protection.

Both big businesses and small ones have struggled to find ways to protect their savings accounts, investments and other accumulated assets. International channels offer greater asset protection and are more competitively priced LLC's.

Overseas company incorporation can have numerous advantages. Jurisdictions across the nation compete in offering LLC packages. When selecting an offshore LLC provider, research the company in order to ensure that your assets will be secure.

When you decide that you need to protect your personal possessions from outrageous lawsuits and excessive claims it is time for offshore asset protection. Some professions carry much more liability than others. The following professions listed below are representative of the types of jobs that simply require an offshore LLC in order to save your assets from lawsuits. Furthermore, this list is not comprehensive and there are many different types of people who could benefit from the protection offered by an offshore LLC.

Members of the following professions can benefit the most from an offshore LLC: doctors, lawyers, pilots, accountants, veterinarians, consultants, and ship captains.

People with following circumstances should also consider the benefits of an offshore LLC: People with a large amount of assets, high profile individuals, high risk professionals, or those that are facing or planning on getting a divorce, both small and large business owners, and anyone else who is looking to protect their investments and the possessions that they have acquired.

Offshore service providers can direct you towards many overseas countries and areas that offer competitively priced offshore LLC formation. An all-inclusive offshore financial service provider selects specific jurisdictions because of their stability, privacy laws, low maintenance fees, ease of incorporation as well as tax reduction benefits.

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