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The
Unincorporated Business Organization Trust - UBO |
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Author: Larry Logan & Dale Pond
Boom your business to success, capture the rewards due you. The
do-it-yourself pure business trust. Protect yourself from
bureaucracies, licences, fees, moochers and looters. Liberate your
creativity to mushroom your wealth. Everything you need to create your
own Unincorporated Business Organization. All forms supplied - just
fill in the blanks. It is the same trust used by the super-rich and
those who wish to keep what is theirs private and secure. Legal and
background documentation, instructions and legal citations guide you to
perfect preparation of your own easy to operate business trust. This
onshore Common Law Business Trust has successfully weathered two IRS
audits!!!
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The Business Trust
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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).
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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.
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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 recipientsı. 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.
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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....
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