Tax Liens, Deeds & Property through Australian Family Trust

Viewing 4 posts - 1 through 4 (of 4 total)

Plastiques
Participant
@plastiques
Join Date: 2010
Post Count: 4
March 29, 2011 - 9:45 pm
Hello All,
I'm about to dip my toe in the water of USA investing, beginning with Tax Liens, but hoping to buy direct property soon through deeds or real estate purchases.
Steve's advice is to set up an LLC in the States for asset protection etc. however does anyone know if an Australian discretionary family trust with a corporate trustee can obtain an EIN (tax number) for the USA and does it allow the same level of assett protection and ability to purchase etc.
Basically, I'd like to avoid the expence of setting up an LLC if an Australian Family Trust works in the same fashion?
Looking forward to hearing your thoughts
ALF1
Participant
@alf1
Join Date: 2011
Post Count: 237
March 30, 2011 - 4:26 am
Hi Plastiques.If you are going to purchase property (or even trade) in the US of A you absolutely MUST have a Limited Liability Company LLC set up. With the absolute certainty that most Americans will sue you for just about anything, you must have a LLC set up for the USA. Give a friend of mine Drew an email on drew@investuspropertygroup if you need a more detailed answer.
I hope this has been of help to you.
Kind regards,
Plastiques
Participant
@plastiques
Join Date: 2010
Post Count: 4
March 30, 2011 - 5:19 am
Thanks Anthony,
I'll get in contact with Drew soon.
I appreciate your help & advice
ALF1
Participant
@alf1
Join Date: 2011
Post Count: 237
March 30, 2011 - 5:26 am
Sorry, Drew's email address was incomplete Plastiques.
[email protected]
Drew is an Aussie who helps Aussies with USA I.P. and all the legalities involved. He should be very helpful to you and mention me and that'll make sure he does