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Not only are banks unlikely to fight [url=http://www.mxitcms.com/abercrombie/]abercrombie[/url] the IRS for you, they also are poor custodians of privacy. Not only do they require you to give personal and financial information, they also monitor the activities made through your account. A single withdrawal worth $10,000 [url=http://www.sidegemeinde.com/peutereyoutlet.php]peuterey outlet[/url] would trigger a report for such activity. Even multiple withdrawals per day [url=http://www.par5club.com/louboutin.php]louboutin[/url] are tagged as suspicious. Banks are not immune to prying. Anyone who knows how it works and has the [url=http://www.gotprintsigns.com/abercrombiepascher/‎]abercrombie soldes[/url] right [url=http://www.diecastlinks.co.uk]hollister outlet[/url] connections can extract your information.
However, banks remain a convenient way to conduct day-to-day transactions. You can take advantage of protected banking to retain the convenience of a bank account without suffering the risk of losing your money. To do this, you need to set up a checking account and a line of credit for overdraft protection. Typically, the line [url=http://www.rtnagel.com/airjordan.php]jordan pas cher[/url] of credit that would be extended to you would be worth around a few [url=http://www.thehygienerevolution.com/hollister.php]hollister france[/url] thousand dollars. What you need to do is to place a minimal amount of money in the checking account and charge your bills against it. Say, if you put $50 in the account and run bills of up to $2,500 against it, your overdraft protection provides credit for the $2,450 excess. You then pay off the balance regularly to keep the line of credit clear. Notice how youve kept the convenience of paying bills through your account and yet keep no more than $50 in the bank. The bank would never turn over the balance of your line of credit to the IRS because its [url=http://www.riad-marrakesh.fr]abercrombie[/url] their money. All the money that would be at risk on your end would be $50.
As mentioned many times in this site, a Limited Liability Company (LLC) is your best friend. Even the protected banking method explained above can be improved upon by increasing protection and privacy via an LLC. If you have an LLC run by a Privacy Trust, the trustee can sign all the documents for you, maintaining your privacy. Beyond that, the LLC protects your assets by keeping them under its name, not [url=http://www.shewyne.com/woolrichoutlet.html]woolrich sito ufficiale[/url] yours. Should you encounter legal problems, your money cannot be taken because well, its no longer your money its the LLCs.
Another way to protect your liquid assets is to use a brokerage account or to invest in precious metals. These are always valuable and dont decrease in value as much as paper money. There are many ways to protect your hard-earned money and these are just examples. Order the Asset Protection Manual by Michael S Ioane and find out how you can better defend your liquidity.
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