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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
After years of trying to protect my assets from creditors, I was shocked to find out that my assets were unprotected in ways I had never considered. Not only had I placed my assets at risk from my mother's creditors, but I had placed my assets at risk from other family members who were intent on manipulation. When my mother died, I discovered that a family member had changed my mother's estate planning documents. Mr. Goldman and his team were able to explain what went wrong and successfully defended my position in court. During the case, I learned that I could have had much better protection from family and creditors, thus avoiding years of litigation and undue familial stress. When it comes to protecting your assets and your family, I would highly recommend hiring Mr. Goldman and his team. Bill H.
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. In addition, Mr. Goldman can help real estate investors structure trusts to protect their assets from creditors. Michael Starling
This office is fantastic. I was faced with a horrible situation and this office helped to put an end to the untenable situation. Ms. Kendal Schoepfer was always available before, during, and after office hours to answer any questions that I had. I highly recommend this law office to all. Tisha Brown
Kendal was an amazing answer to a difficult time. Highly recommend her!!! Dana Ramsey
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. I feel extremely confident in referring anyone to him who was facing as many obstacles as I was. Thank you Attorney Robert Wilbert for standing by my side through this! Kameron Knowlton