5 Things About Offshore Asset Protection Every Internet Marketer Should Know – Merchant Account
5 Things About Offshore Asset Protection Every Internet Marketer Should Know
James Allen
Offshore instruments of asset protection no longer belong in the realm of the wealthiest individuals with high paid financial advisors. Thanks to the internet and globalization of financial markets, there are plenty of firms that can help just about anyone "go offshore". What follows is a brief introduction to some of the most popular tools of offshore asset protection and how they can be used by online business people and internet marketers like yourself to protect and grow your business.
1. Offshore Trusts
An offshore trust is a very simple agreement that helps put some distance between you and your hard earned assets. A trust is simply a legally binding agreement between two parties - the grantor and the trustee. The grantor "grants" control over specified assest and property to the trustee, who is then responsible for them. Beneficiaries are listed in the trust, who will "benefit" from the assests being entrusted. Often this is in the form of receiving the assets upon the death of the grantor, or by receiving the profits generated by the assets listed.
The main point is that this agreement helps separate the grantor - you - from these assets in a legal sense, making it more difficult for someone to take them from you. By moving the trust offshore, there is an added layer of protection. If youve ever worried about a frivolous lawsuit destroying all youve worked for in your internet business, this is certainly a form of asset protection youll want to look into.
2. Offshore Incorporation
There are many benefits for the internet marketer who chooses to incorporate offshore. Protecting your privacy from the prying eyes of an ever more invasive government - especially in the area of online information, legally limiting the amount of taxes you pay on your online income, and protecting your business against lawsuits are just a few of the ways an offshore corporation or IBC can benefit the internet marketer.
Properly planned and executed, forming an offshore corporation need not be any more expensive or time consuming than forming a corporation within your own borders. Be sure to deal with a legitimate and established firm when establishing your IBC, make sure your asset protection needs are being met and that all of your questions are answered.
3. Offshore Bank Accounts
Again, keeping with the theme of protecting the internet marketers wealth from both lawsuits and privacy invasion, the offshore bank account will also help address these issues.
Most companies that offer offshore incorporation will also help you set up an offshore bank account. Choose a country where information privacy laws are respected and enforced, and preferably keep the account in non-US funds. The acccounts are usually offered with an international debit card, so you can access your funds from ATMs around the globe.
4. Offshore Merchant Accounts
Of particular interest to those who create their income online is the option of establishing an offshore merchant account for handling all of your credit card transactions.
Besides addressing privacy issues, an offshore merchant account may be more suitable for those offering items, information, or subscriptions for sale online that are more difficult to procure a domestic merchant account for. These include higher risk services such as you might find in the adult website or online gambling arenas.
5. Offshore Webhosting
Although often considered home to the worst internet has to offer, such as spammers and hackers, offshore webhosting certainly has its place for legitimate online marketers and should not be dismissed outright.
Few would disagree that new internet laws, especially those related to spam are having an adverse affect on those it should least be harming. On top of that, the privacy invasion allowed by legislation such as the Patriot Act further increase the need for protecting your online information outside the borders of the USA.
Yes there are plenty of scam artists in the offshore webhosting arena. Do your research though, and you will find secure, well-staffed offshore webhosting operations with high-uptime, fast connections, good support and reasonable prices to suit your needs.
With all the new laws that allow for invasion of your privacy, including your financial information, combined with the fact that the USA is one of the most lawsuit prone countries in the world, every internet marketer and individual doing business online owes it to themselves to at least consider how going offshore can benefit you and your business.
About The Author
James Allen is the creator of GatesToWealth.com, a website which introduces tools of offshore asset protection and wealth generation. To learn more about going offshore and to subscribe to "Mind the Beach" the newsletter of offshore living and lifestyles, swing on by:
http://www.gatestowealth.com
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Copyright © 2004 James Allen.
"You Make Me Sick" and other things Parents Say in Anger – Parenting
"You Make Me Sick" and other things Parents Say in Anger
Patricia Gatto
Maryann is so focused shes blind. Shes slipped over the edge of responsibility and forgot the real reason she is working so hard. Its for her daughter.
Being a single parent isnt easy. Between working, grocery shopping, cooking, cleaning and homework, there isnt much time left in the day. Its a heavy burden to be the sole supporter of a young child. But when pressures and tensions are so great that harmful words spill out like bitter pills, isnt it time to stop and take inventory
"Clean your room or Im gonna kill you!" "If you dont do your homework right now, Ill break your neck!" "Just leave me alone, Ive had a rough day."
These statements came from a woman who loves her daughter and shes working hard to provide for her. If you asked Maryann, shed say she would do anything in the world for her child. But why cant she see that respectful communication conveys love more than a new pair of shoes ever will And why does she have to be reminded to treat her child with respect
Maryann isnt alone. Life is frustrating. Weve all heard parents, married, single or otherwise, speak to their children in anger. As adults, weve all rolled our eyes at the dramatic threats, knowing full well they have no intention of being carried out. But does a child know these are simply dumb words spoken in frustration Does a child know that the violent threats of bodily harm are hollow
Whether over the top displays of drama are blurted in anger, or merely used to snap a child to attention, the results are unhealthy and damaging.
When little Billy tells a classmate he is going to kill him over a broken crayon, where do you think he learned that response from And in todays climate, do you think anyone would consider it just an innocent statement from an innocent child Billy would be sent to the principals office on the spot. And if not, he would certainty be called down after the victim of his harsh words went home and told his parents and they reported it to the school.
What happens when your child gets a little older and has a real problem What if he needs to talk about drugs or alcohol Or she has a problem in school, or a question about boys Repeatedly belittling your child with angry words and intimidation will break down the barriers of communication long before you even reach this point. If you threaten to "kill" your child over a messy room, what would you do if she told you she was having sex
Anger has a way of creating very colorful and exaggerated statements. Parents and caregivers need to make a concerted effort to remove these damaging phrases from their vocabulary by controlling anger. Save the drama for a time when it is really needed. On occasion, shocking statements do have a place in parenting, but used on a daily basis, they will only sever to create fear or simply numb your child to your words.
Search your vocabulary; are you unintentionally damaging the relationship you have with your child Here are some steps to help you take control when you feel frustration and anger rise.
Take a deep breath, not from your chest, but pulling from your diaphragm. Slowly exhale. As you do this, picture your words evaporate into the air.
Lift your hand, palm out, in a stopping motion. This will indicate to your child that you need a moment and serve to remind you that you are stopping yourself from anger.
Calmly tell yourself to relax as you continue to breathe deeply.
Wait until you feel in control. When you speak, intentionally bring your voice down, not to a whisper, but to a soft, paced level.
Then logically explain the reason for your anger to your child, voiding threats and harsh criticism.
Its okay to say you are disappointed or upset about a messy room or a bad grade, but focus on the problem and offer a solution or deliver a fair ultimatum.
If punishment is necessary, make it realistic. I dont know of a single parent that took away television privileges from their child for the rest of their life.
Follow through on your words.
If you do get angry, offer your child an apology, not an excuse. Take blame for your actions.
Closely examine the situation that triggered your anger. Was it really your child Is there an underlying factor If so, what can you do to correct the situation or avoid it in the future
Anger is a natural emotion. It cant be completely controlled or removed from our lives, but you can change the way you handle things. In doing so, you gain an invaluable gift, a respectful relationship with your child. Healthy communication is a parents weapon against the outside world. A child should turn to his parent in times of trouble, not run away in fear.
About The Author
Patricia Gatto and John De Angelis are the authors of MILTONS DILEMMA, the tale of a lonely boys magical journey to friendship and self-acceptance. As advocates for literacy and childrens rights, the authors speak at schools and community events to foster awareness and provide children with a safe and healthy learning environment. For more information, please visit Joyful Productions at http://www.joyfulproductions.com
pgatto@ptd.net
6 REALLY COOL THINGS: The King of your Castle!!! – Mortgage
6 REALLY COOL THINGS: The King of your Castle!!!
Tom Levine
If you want to be a millionaire, if you want to be smart with your money, if you want to get ahead in life, build security, establish equity, and retire in confidence, then you must, simply MUST become the King of your Castle!
You need to buy your first home if you havent taken this important step yet. If you have bought your first home already, then read on. I know you already are nodding your head in full agreement, but lets briefly review some of the really cool things that happens when you own your own home:
Thing 1 : All interest paid on your mortgage is a tax write-off at the end of the year.
Thing 2: You are building equity, and FAST!
Thing 3: No more landlords, No more thin walls!
Thing 4, the tax break, gives you breathing room financially.
Thing 5, Equity. Huge deal here.
Thing 6: The King of your Castle!
Thing 1 : All interest paid on your mortgage is a tax write-off at the end of the year.
Thats HUGE. If you pay $1000 a month on your mortgage, the vast majority of this is interest.
Youre write-off at the end of the year, will be around $12,000 as a scheduled deduction on your 1040 to the tax-man. See the massive benefit this has, come April 15th
Watch your savings account thrive, or go on an awesome vacation to Jamaica, or buy a new car, or invest in a mutual fund. We