A.
OCC Plan™ involves advanced tax and business concepts and planning, and, just
like any other business structure, is subject to challenge. The goal is to
create enough layers of protection and documentation to prevail if a challenge
is made. There are plenty of nay sayers who, through lack of experience, training
or foresight, would dismiss various elements, claiming "asset protection
does not work" or "IRS will disallow this and that." The short
answer is - nonsense.
1. As is true with all tax, business and asset protection
planning, the structures must be reasonable, the transactions must have true
economic substance, a business purpose and must be properly documented. Contracts
and agreements must be signed and payments must be made.
2. However, using OCC Plan™ , the law of contracts, corporations
and limited liability companies and trusts developed in the United
States and the legal procedures for dispute resolution commonplace
in the United States will apply to your investment in a foreign country.
3. If one is concerned at all with losing their
foreign investment through an adverse court judgment or mysterious
foreign court proceedings, or if they desire to lower their current
tax obligations, or both, then doing nothing is not an option.
