Networking Fundamentals

[premmathan prem]

Offshore Corporations, which are also WikiTrader known as limited companies or IBCs. These are the most common type of offshore company, often used for tax-free trading, royalties/patents/copyright holding, investments (equities, commodities, forex trading) and overseas property holding. They are also used to shield the beneficial owners of offshore bank accounts, by making the company the account holder. The most private type of offshore company is a 'bearer share corporation' whereby physical possession of shares (rather than naming on a public document) denotes ownership. However, bearer share companies are becoming increasingly hard to find due to their association with money-laundering. Most offshore IBC's can be incorporated within a few working days.

Offshore Limited Partnerships, which are also known as limited liability partnerships. The objective of a limited partnership is to separate the functions of ownership and control - which makes them great for asset protection. A limited partnership is managed by a general partner who has unlimited liability, and limited partners who are only liable for what they have invested in the partnership. An offshore company frequently takes the place of the general manager to protect the assets of the partnership's investors. Limited partnerships offer better protection against seizure from creditors than a traditional offshore company.

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