ALASKA LLC & THE CHARGING ORDER PROTECTION
THE LLC OPERATING AGREEMENT FOR ASSET PROTECTION
SHELF CORPORATIONS & SHELF LLC'S
ALASKA SECRETARY OF STATE INFORMATION
CONTACT
PRIME RA GROUP, INC. 109 East
17th Street, #25, Cheyenne WY 82001
307.237.2580
We don't provide legal advice or tax advice. Please see a qualified tax advisor or an attorney.
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ALASKA LLC FLOWCHART |
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WE OFFER THE STRONGEST ASSET PROTECTION SOLUTIONS AVAILABLE TO SMALL BUSINESS OWNERS. |
>> ALASKA LLC PRESENTATION <<
The charging order protection allows you to make a hostile creditor responsible for taxes although he didn't yet receive a distribution from your LLC. The hostile creditor thinks he won but quickly recognizes that he must now pay taxes on income not yet received. This process is explained below.
For this charging order protection to be most effective, the LLC must
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Have at least two (2) members [Important!] Managers can be people or another business.
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Be taxed as a partnership
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Management by a manager, not the members. [Important!]
Green arrows show flow of distributions when there's no threat.
LAWSUIT TARGETS MEMBER #1 (YOU). The creditor seeks a charging order against your interest in the LLC. He seeks to obtain the earnings that are due you. It's similar to a wage attachment. But the manager refuses to release the earnings to the creditor. And the creditor cannot foreclose against your interest in the Alaska LLC.
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First learn the basics to fully comprehend the concepts of this asset protection strategy. Only then can you realize the real power of the LLC charging order protection. |
$1000 Set up
- Alaska LLC
- Special Operating Agreement
- Promissory Note to Contribute Assets
- Manager to keep you off public record
- Two New Mexico LLC's to serve as members on the public record
- Consulting & Support
$500 annual renewal
FACT: ALASKA offers an LLC where the member's interest cannot be foreclosed. Alaska Sec. 10.50.380 (Rights of Creditors)
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FACT:
REVENUE RULING 77-137 makes the IRS your friend. The IRS makes your creditor liable for taxes after the creditor obtains a charging order against your interest in the LLC. This is like a "wage attachment" of sorts against your LLC interest. The creditor doesn't want to pay taxes on a "paycheck" it hasn't received.+
Creditor realizes it can't foreclose against your interest in the LLC and assets cannot be forced out. He's forced to wait, and wait, and pay taxes during this time. This encourages him to go back to the negotiation table and work out a settlement, after he's won the lawsuit, after he obtained the charging order...he wants this to go away.
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Asset protection from abusive litigators and from undeserving persons. |