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Nevis Limited Liability Companies

Law Office of David M. Goldman PLLC represents individuals and families in Jacksonville and Florida with their Florida Asset Protection needs. Our Florida Asset Protection Attorneys and Florida Asset Protection Lawyers work with high net worth individuals and families.

Establishing Nevis LLC adds an additional layer to one’s asset protection. The Island of Nevis has similar LLC laws to Florida. Both permit a single-member limited liability company, and use a charging lien as a creditor’s only remedy to pursue an individual’s ownership interest in the LLC. The members and managers of a Nevis LLC are private and there are no negative tax consequences when you transfer assets to a Nevis LLC. A judgment in the United States has to be re-litigated in Nevis to have the court issue charging order. To date it appears that no Nevis court has relied upon a judgment from the United States.

To achieve the maximum protection with a Nevis LLC you should appoint a manager or successor manager who is outside of the United States. The manager can be an individual or a company. No court in the United States has jurisdiction over the foreign manager without substantial connections to the jurisdiction. It is important that the operating agreement provide that a member cannot remove the manager. This requires that you trust a foreign manager. Often a friend or relative can serve as a manager. If you do not have a friend or relative that lives outside of the United States you can use an offshore company that provides management and/or trust services. The use of an offshore manager is not required but this increases the level of protection.

A single member Nevis LLC can offer more protection than a multiple member Florida LLC. Often clients use Nevis LLC’s to open accounts in countries where banking laws are not favorable for United States citizens. The Nevis LLC will not have any adverse tax consequences for the IRS nor the country of Nevis as long as no business is conducted in Nevis. You can still file your taxes as a disregarded entity by using IRS form 8832.

If you think Asset Protection may be appropriate or you feel that there is a potential risk you would like to limit, CONTACT our Florida Asset Protection Lawyers by email or call us at 904-685-1200 to discuss your situation today.

Client Reviews
★★★★★
"As a real estate agent, I have been involved with many property transactions where I needed a probate attorney to help facilitate the transaction. I have used the services of Mr. Goldman and his staff over the last several years and continue to use them on a regular basis. His office has been able to navigate the court system and help estates sell their property quickly and efficiently..." Michael Starling
★★★★★
"I've had Mr. Goldman do my entire estate planning as well as my gun trust. I highly recommend him and his firm. If you're planning a gun trust, trust no one else Mr. Goldman is one of if not the best versed on this topic." Howard
★★★★★
“Attorney Robert Wilbert of David M Goldman, PLLC, will be the first and only attorney I would ever recommend to a consumer in my position. Mr. Wilbert was professional, answered my numerous questions without hesitation, provided straightforward answers and options. He explained the process thoroughly. He was available to assist before and after the process to make sure all issues had been resolved…” Kameron Knowlton
★★★★★
“Great service is an understatement. We bought several properties that Mr. Goldman handled for his clients. The communication and explanation of everything was terrific. I would definitely recommend him for all of your real estate needs.” Kassandra
★★★★★
“After struggling with 2 probate cases prior to hiring attorney Goldman I was extremely apprehensive during the hiring phase. Not only did Attorney Goldman assure me they could take care of this his office was wonderful. Jennifer was assigned to my case and she was wonderful and were able to guide another probate case I had saving me additional time and frustration. Highly recommend this office.” Debbie