Pro-Active Tax Planning is Prudent

Get the strategies to stop the confiscation of your assets.

The US Code is complex. Having the best legal strategies are key to achieving and maintaining your financial success. We help business owners, high net worth and Certified Public Accountants (CPAs) to uncover the best legal strategies to minimize their tax liabilities.

Pro-Active Tax Planning is Prudent

Get the strategies to stop the confiscation of your assets.

The US Code is complex. Having the best legal strategies are key to achieving and maintaining your financial success. We help business owners, high net worth and Certified Public Accountants (CPAs) to uncover the best legal strategies to minimize their tax liabilities.

Achieving Significant Income and Estate Tax Savings While Maintaining Control of the Assets and Cash Going to Charity in 90 Years.

Innovative CPA’s and tax attorneys are seeking strategies to empower their wealthy clients to legally shield their clients from the heavy burdens of confiscatory taxation, a reality at their level of income.

Out of this effort, the Limited Liability Company with Charitable Intent (CLLC) was born, enabling wealthy taxpayers to save significant income and estate taxes, maintaining control of the cash from the sale of their capital assets and deductible contributions to the CLLC.

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Charitable LLCS Provide An Effective, Legal and Important Way to Reduce Overbearing Tax Liabilities.

So why gave CLLC’s gotten a bad rap? The answer is simple. It is not because of the strategy itself. Some feel strongly that this strategy is immoral, taking advantage of charitable giving. We beg to differ. Mark Zuckerberg uses Charitable LLCs with no problem, minimizing his tax burden, legally of course as do hundreds if not thousands of wealthy investors and entrepreneurs.

We all deal with the complex tax codes. When these codes provide an opportunity to legally reduce your taxes, there is no reason not to take advantage of such codes. We recommend that you use careful and prudent tax planning in pro-actively reducing your tax burdens, federal, state and estate.

How they do it

Zuckerberg Sold His Facebook Shares For Charity

FACEBOOK FOUNDER AND CEO Mark Zuckerberg just sold a chunk of his personal shares in the social networking company. It’s worth about $95 million before taxes, and it’s all designated for charity.
This is the first round of funding for the Chan Zuckerberg Initiative, the philanthropic venture Zuckerberg and his wife, Priscilla Chan, announced in December. At the time of the initiative’s launch, Zuckerberg and Chan pledged 99 percent of their Facebook fortune to philanthropic causes, which means donating around $45 billion over the span of their lifetimes.

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What you should know about Jack Dorsey’s surprising $1 billion commitment to charity

Jack Dorsey is making what may be the largest private gift to tackling the coronavirus and its consequences, pledging to spend up to $1 billion as part of an unexpected philanthropic push.
The founder of Twitter and Square announced Tuesday that he would move $1 billion of his own money into a limited liability company (LLC), where the funds would go, in part, to addressing the Covid-19 crisis. Dorsey described the gift as intended to “fund global COVID-19 relief,” but didn’t specify how much of the money would be earmarked for that as opposed to pushing for “girls’ health and education” and a universal basic income, which he said the LLC, called Start Small, would back once the pandemic subsides.

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Unlocking the Power of Charitable LLCs: The Tax-Saving Strategy Embraced by Tech Titans Mark Zuckerberg and Jack Dorsey

Charitable LLCs, or philanthropy LLCs, have emerged as a remarkable tax-saving strategy that allows high-profile individuals and businesses to channel their wealth toward charitable endeavors while reaping significant tax benefits. Two prominent figures who have utilized this innovative approach are Mark Zuckerberg, co-founder of Facebook, and Jack Dorsey, co-founder of Twitter. In this blog, we’ll explore the concept of Charitable LLCs and how Zuckerberg and Dorsey leveraged them to reduce taxes and make a profound impact on the world.

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Unlocking the Power of Wealth Retention Strategies: How CPAs Unearth the Best Tax Strategies

Certified Public Accountants (CPAs) are financial experts entrusted with the critical task of managing their clients’ tax affairs. In a complex and ever-changing tax landscape, CPAs seek the most effective tax strategies to help their clients reduce liabilities, maximize deductions, and retain more of their hard-earned wealth. In recent times, an increasing number of CPAs are turning to specialized firms like Wealth Retention Strategies to access cutting-edge solutions tailored to their clients’ unique needs. In this blog, we’ll delve into the world of CPAs, explore the challenges they face in finding the best tax strategies, and understand how Wealth Retention Strategies has become their go-to resource.

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The Art of Wealth Maintenance: The Crucial Role of Tax Strategies in Sustaining Financial Prosperity

Maintaining wealth is a delicate balancing act that requires careful planning, prudent decision-making, and an astute understanding of the financial landscape. While accumulating wealth is a significant achievement, preserving and growing it over time is equally essential. In this blog, we will explore how having the best tax strategies plays a pivotal role in sustaining wealth for individuals and businesses alike.

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Frequently asked question

Still have a question?

A CLLC is a legal entity that empowers a taxpayer to contribute to their charity of choice, income and assets while maintaining control and usage of those contributed assets for the next 90 years. Within the CLLC, this enables the taxpayer to invest those CLLC funds in the direction of their choice while reaping a multitude of tax benefits.

1) Immediate tax savings via contribution of income and assets to the CLLC. (The Charitable Deduction)

2) 99% of the gains generated by the sale of CLLC assets are sheltered from income taxation.

3) 99% of the income generated by CLLC assets are sheltered from income taxation

4) The immediate use of CLLC cash/assets by the taxpayer to invest as the taxpayer so chooses.

5) Estate tax exclusion of CLLC assets upon the taxpayer’s death.

6) Passing control of CLLC assets to the taxpayer’s children, then grandchildren for the next 90 years from inception.

7) Privacy with regards to CLLC assets, income and the use of such funds.

8) CLLC assets are not available to fund any settlement or judgement from an unfavorable outcome in a lawsuit.

Yes.  Thousands of high income/high net worth taxpayers employ this CLLC strategy to shelter their income and asset gains.  Mark Zuckerberg, who uses the best tax counsel in the world, is an excellent example. He is using a CLLC to shelter the capital gains on $45 billion sales of his Facebook stock.  Two articles from Newsweek and Wired Magazine confirm this strategy.  Such are located at the following websites: 

 HTTPS://WWW.NEWSWEEK.COM/CHAN-ZUCKERBERG-LLC-CHARITY-KIND-NOT-REALLY-CHARITY-400964

https://www.wired.com/2016/08/zuckerberg-sold-facebook-shares-charity-hes-no-hero-yet/

 

Another example of a billionaire using the CLLC strategy is Jack Dorsey, founder of Twitter and Square.  He is moving $1 billion of his own assets into a Limited Liability Company with Charitable Intent (CLLC).  The article from VOX Magazine is located at this URL:  https://www.vox.com/recode/2020/4/7/21212757/coronavirus-jack-dorsey-charity-billion-llc

 

Other billionaires using this CLLC strategy are as follows:  Pierre Omidyar and Laurene Jobs.  An article from THE CHRONICLE OF PHILANTHROPY explains how they are accomplishing their tax-saving goals.

https://www.philanthropy.com/article/using-for-profits-to-funnel-big-sums-to-charities-raises-transparency-concerns/?emailConfirmed=true&supportSignUp=true&supportForgotPassword=true&email=managerassistants1%40proton.me&success=true&code=success&bc_nonce=sha9qf67afd16o6jwq860t&cid=gen_sign_in

 

We invite you to explore these websites to verify that this strategy is a proven and accepted strategy used by the wealthy to shelter taxable gains on the sale of their multi-billion/million-dollar assets, maintain control of the cash from such sales tax-free and eventually in the future, fulfill their philanthropic goals.

Money loaned on an arms-length basis lent by the CLLC as evidenced by a Promissory Note with a market rate of interest, sufficiently collateralized by taxpayer’s assets enables a legal, tax-free avenue to get cash out of the CLLC to the taxpayer.

Yes.  The CLLC can invest in property leased to taxpayer’s business(es), the CLLC collecting lease payments. This method allows a tax deduction for lease payments at the same time 99% tax-free receipt of lease payments to the CLLC.  Also, the taxpayer can be paid “reasonable compensation” for managing the CLLC or have a wholly-owned corporation receive such management fees.

Yes. The CLLC pays for life insurance with increasing cash value with 99% tax free dollars which is owned by the CLLC with the taxpayer’s family as beneficiaries which can be used as collateral for any loans to the taxpayer.

Enabling significant income and estate tax savings now