Using Entities

A great deal of freedom and privacy can be achieved by properly using entities. Rather than conducting your affairs in the name of the strawman, you can use entities. An entity is a legal fiction that is treated as a person by the legal system. An entity can do almost anything a living soul can do such a own and operate a business, make investments, have a bank account, buy/sell/rent property, take out or make loans, purchaser vehicles, etc. The ultra wealthy have been using various entities to hold and protect their assets for generations. They follow this simple motto, "own nothing, control everything". Their assets are owned by various entities and they control the entity.

There are many forms of entities including but not limited to: C corporations, S corporations, Limited Liability Companies (LLCs), trusts, and foundations. An entity can be formed in many different jurisdictions (states or nations). Most people pay an attorney or some other service provider to form an entity for them but this can be expensive. With some study you could discover that forming an entity an not that complicated. Once the entity is formed, it can get an EIN (tax ID number) and then it can open a bank account.

We have studying various types of entities for over 15 years. We have experimented with several differnt types including: C corporations, S corporations, LLCs, pure contract trusts and a special type of non-profit corporation (hereinafter Non-profit Corporation). Each entity type has advantages and disadvantages. Each state where these can be formed has advantages and disadvantages as well. After all of this study, we have concluded that the two best entity types for most people is the LLC and the Non-profit Corporation.

The LLC is easy and inexpensive to set up. It is also easy to operate and manage. Depending on where you set it up, it can be extremely private - meaning the owner and manager are not part of the public record. We like to set them up in Missouri because of the favorable laws, low fees and quick set up. We have prepared a web page with information on how to set up an LLC in Missouri. This page doesn't tell you everything you need to know to operate the LLC over the long term, so you will need to do some additional study on your own. However, it does provide you the information necessary to set up the LLC. Click here to visit the page with the details on setting up an LLC. After displaying the web page, download all of the files and study each file. The web page has a "Read Me First" text file that contains an explanation of each file on the page.

The Non-profit Corporation is inexpensive to set up. It is also easy to operate and manage. Not every state has statutes that make provision for setting up this type of corporation but Arizona does support it. The Arizona statutes are very favorable. We have prepared a web page with information on how to set up the Non-profit Corporation in Arizona. The web page also explains some very attractive tax advantages that this entity possesses. This page tells you everything you need to know to set up the Non-profit Corporation and what you need to know to operate it over the long term. Click here to visit the page with the details on setting up a Non-profit Corporation. After displaying the web page, download all of the files and study each file. The web page has a "Read Me" text file that contains an explanation of each file on the page.

We provide the information on the LLC and Non-profit Corporation free of charge and without any further support or assistance. So if you choose to set up one or more of these entities, do so as a self directed project. We make no warranties or promises regarding your results. We offer the information for educational purposed only.