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The Unincorporated Business Organization Trust (UBO)
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The Business Trust
Most all of us have been or will be either directly or indirectly
exposed to a judgement creditor. Obtaining a judgment against another
individual or company is now big business. Attorneys advertise through
TV, radio, newspapers, and even on park benches encouraging every one
to think of someone they can sue. The IRS is well-known for the
atrocities and havoc they wreck on the lives of families, businesses,
and companies. Your assets are a lot like an egg. The contents are safe
and protected until the protective shell is broken. Once the integrity
of the egg is breached, the contents are vulnerable to the adversary,
be it a snake or a hostile two-legged pin-stripped suit. Common or
Constitutional Law was our protection. With the increase in unlawful
Equity transgressions your assets are now at risk. Don't put all your
"Risks" in one basket. Common Law trusts are meant to protect the
wealth of Americans. One of the greatest defenses we have, has been
used by very wealthy families for a great many generations. We call it
a UBO, (Unincorporated Business Organization).It is not a typical trust as set up by an attorney. Attorneys are taught to practice statutory or equity law, not common law. Equity law takes away rights and property. Common law secures property and rights. This trust allows for a great deal more privacy and protection. Corporate law, which is a form of equity or statutory law, allows an individual the right to contract with the state when setting up a corporation for the privilege of reducing personal liability. There is a heavy price to pay for these privileges. Properly placing your assets in a private UBO trust under its own Employer Identification Number would help shield assets. This offers you a chance to bargain with legitimate creditors from a position of strength and have protection from those who are illegitimate. A UBO Trust is a wonderful estate planning tool, a means of reducing taxes, protecting assets, and preserving privacy. Although some would have you feel it is criminal for exercising privacy, however it is very critical as we lean toward a One World Government. If privacy and security are important to you then a common law trust may be the answer. Trusts have been around a long time. If we look at England during the 1600's we will note that the use of trusts had been the preferred method of owning and managing property on the European continent since the Middle Ages. When American colonies adopted the common law of England, English principles of equity were also adopted. In fact, the first pure trust of record in America was recorded in 1765 for businessman Robert Morris of Pennsylvania. Later, Morris became one of the most prominent financiers of the American Revolution and one of the draftsmen signatories of the United States Constitution. Your obligations as a corporation are: Disclosure of all officers. A minimum tax of $900 required each year!! Double Taxation - Corporate earnings paid out to the officers are taxed at the corporate level and again at the recipients. Financial records are subject to seizure and audit at any time without any prior notification. You, personally, become an agent for any number of bureaucracies. Bureau-rats can and do assault your business at their whim. Advantages of the UBO trust: A Pure Trust No yearly fee. Limited liability. Privacy - All officers or Board of Trustees do not have to be revealed. Your financial records are private and, under common law, require notification and a court order to be seen. Privacy in personal and business dealings Greater control over what you have acquired and accomplished. Reduced exposure from lawsuits and claims of adverse parties. Reduced liability when owning and operating high risk asset or performing high risk professional services, thereby saving money on high-priced insurance premiums. Increased profits via reducing business costs. Flexibility and creativity in personal and business planning. Simplicity of doing business in this increasingly complex society; including the buying and selling of big-ticket capital assets, businesses and real estate. Preserve and distribute assets at your sole discretion. Avoid probate and eliminate death taxes. Reduce or avoid federal and stateincome/franchise taxes. The trust may develop its own credit and investment program to provide security and protection for the beneficiaries at retirement. and more.... The trust is bound in a handsome three ring binder for easy access to all blank forms and procedures. Simply photocopy and fill them in. Additional UBOs may be created by purchasing item#R1601 which grants copyright permission to create an additional UBO. NEW! -> A downloadable and editable digital version is available here. Price: $99.00 + S&H Pages: 110 |
