Offshore Limited Liability Company

Filed under: offshore

A Limited Liability Company combines some of the best features of the corporation with those of the partnerships :
It is a separate legal entity and liable for its own debts in the same way as a corporation. The owners are relieved of this liability.

It is transparent for tax purposes and the profits and losses flow through to the owners as in a partnership, thereby avoiding double taxation.

Asset protection planning can sometimes be enhanced with the addition of an offshore component to the structure. One strategy that we consider in our planning is the Offshore Limited Liability Company . It is comparatively simple to create and maintain and has a number of distinct advantages over domestic and other offshore plans.

The Offshore LLC may be most appropriate for those in high-risk medical specialties and those for whom insurance coverage is inadequate or unavailable.

Advantages
* Creditor can’t reach assets
* Offshore LLC is disregarded for tax purposes. No returns or informational filings are required.
* Estate tax advantages are the same as the Family Limited Partnership.

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