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Charitable Foundation for Tax Free Investing - offshore companies

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Old 04-09-2010, 01:05 AM
FreedomOffshore's Avatar
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Default Charitable Foundation for Tax Free Investing

A trusted contact of mine has a charitable foundation that is about four years old. If you contribute to this foundation with a goodly amount of money you will then be asked by the foundation to set up an LLC or IBC to manage the money that you contributed. The LLC or IBC will of course be owned by the Foundation. You will be paid generously for your services and you can opt to receive loans instead. Are loans taxable? No.

This is legally clean since the foundation is not owned by you nor is it set up by you and it is the legal owner of the IBC or LLC that you set up as a contracted worker for the trust. The money compounds tax free.

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