International Asset Protection Consultant, Jonathan Curshen, Looks At The Nevis LLC

Limited liability companies (LLC) are legal structures that offer stronger protection to its owners than other forms of business ownership. Owners, called members, are only liable for their investment. No member is personally liable for debts incurred by the LLC. LLC's may have an unlimited number of members or only one. The only legal remedy a creditor has against a member of an LLC is referred to as a charging order. If the court awards a charging order to a creditor against a member, the creditor can only receive distributions that member would be entitled to. LLC's offers strong protection from potential liabilities.

Currently all of the fifty United States have LLC statutes on their books. Foreign jurisdictions quickly drafted their own LLC legislation to compete. One of the earliest, and to date still considered one of best by asset protection specialist worldwide, is the Nevis LLC legislation drafted in 1996. Nevis has long been a safe secure nation and is still a member of the British Commonwealth.

Nevis LLC's are exceptionally strong because it is stated in the legislation that the charging order is the sole remedy to anyone wishing to litigate against a member. The order must be filed in the jurisdiction of Nevis. The added cost and inconvenience to potential creditors further discourage them from bringing suit.

Nevis has been a popular IFC (international financial center) for years it has developed legislation that offers solid asset protection laws and a variety of tools with which to implement asset protection strategies. Nevis LLC's are just one such tool which can be used in conjunction with other entities, such as an asset protection trust, or as an effective stand alone asset protection tool.

Mr. Curshen can be reached by calling 800-620-1887 or jonathan@investoffshore.com