The vast majority of people who invest in the stock and bond markets do so in their own name. This gives the individual a “hands on” approach to investing and the assets are there for him/her to view. But, in the event of a lawsuit, those assets can be seized by a judgment creditor for they are not protected.
What should you do? How about placing the stock trading account in an LLC and appoint yourself as the designated trader of that trading account? You still have the “hands on” approach and you can still view your assets with ease. But, a financial vulture holding a judgment against you cannot take that stock trading account from you, for it is no longer in your name.
This LLC can be set up in your home state or any other state, such as Nevada, where you will obtain the best asset protection available. But, did you know that if you live in California and are the designated trader of a stock trading account owned by a Nevada LLC, that LLC, by California law, is doing business in California and must register, pay the required fees and be authorized to conduct business in California? If you are a California resident, there is a structure which Wealth Support Services has designed permitting you to live in California, maintain your stock trading account in a Nevada LLC and still act as the designated trader of that account.
The use of the LLC to hold your asset (the stock trading account) not only will give you asset protection, but it will also provide you with anonymity of ownership. The LLC is not formed in your name even though you will control it. But, because your name is not on the formation documents, your ownership identity will be shielded from prying eyes.
These are just a few of the details of which Wealth Support Services and its highly trained staff are aware. We put this knowledge to work to protect your assets from judgment creditors, governmental agencies and any others who are after your assets. Wealth Support Services has developed an entity structure for our clients who are stock traders to enjoy the benefits of a Nevada entity while still living in their home state. Please contact us to receive additional information of how this is accomplished.
