Structure

STRUCTURE IS STEP 1 -

You will remember in our initial material we suggested the cost of setting up the structure would be around US$2,500.

Our committment is, on each step we will check and double check advice and seek wherever possible to reduce costs.

So here is where we are up to -

What structure to set up will depend on the individual, there are two types - One involves just an LLC, the other involves and LLC and a CCorp.

We work on a principle called TAP
T - Tax efficiency
A - Asset protection
P - Privacy

It is possible to just use an LLC, registered in Nevada, and have a very good structure to purchase property in any State in the US. The LLC would allow one to purchase property in any State in the US but to deliver absolutely on TAP, once should link the LLC to a CCorp. This is the ultimate structure.

The full structure and ancillary costs will be around US$1,600 as I see it. This is a good reduction on the $2,500 we first estimated.

Here is a breakdown of how the US$1,600 is made up -
* Cost to set up CCorp $298
* Cost to set up LLC $298
* Registered agents fee $0
* Filing fee for CCorp $150
* Filing fee for LLC $150
* Cost to obtain ITIN (Tax number) $99
* Attorney's help with ITIN $150
* Time in attendance $400

Once set up one has legal entities registered in Nevada, that have a physical address in Nevada, where mail goes to and is then processed and Fedexed to Australia. To keep costs down this would initially all be sent in one Fedex parcel to us and then we would onsend to clients Australian address's.

There are ongoing fees associated with these entities, reregistration fees, filing fees, time in attendance costs, etc. One should allow US $790 for this.

Caz and I will be immediately moving to have our entities registered. We will keep you posted with the timeframes on this and any hassles that present in the process.

We have a dedicated team of professionals in Las Vegas undertaking this work for us.

Will talk again tomorrow.

PARKO