Business World Blog

Have you ever wondered about some of the ways in which monetarily wealthy people manage their funds in manners which may be generally unconventional and historically uncommon among the general populace? One of the interesting things about governments is that they are sadly, all too often, started by monetarily wealthy people as a way to maintain their wealth and control those who are perhaps not as wealthy at the time. It is a way to establish national standards which often to the benefit of the wealthier few and conveniently not openly share the ways in which those standards are actually used to actually perpetuate the wealth of those in the know. While a system may appear democratic, it is likely far from truly democratic until everyone is walking around with a “yes or no” button and voting on every measure passing through their government. Democracy in its common form is often a way to make people feel free and actually promote peaceful servitude. One of the vehicles which has supported this structure in better ensuring the protection of wealth is the concept of a corporation.

The classic concept of a corporation that most people in the US would likely think of when they hear the word is the kind that tends to have an executive structure and is able to publically offer shares of stock at some point if so desired. This is actually known as a “C Corporation” or “C Corp” for short. There are other corporate structures for other types of corporations. In this article we will be focusing on a C Corp because it has a historical purpose of discreetly shielding wealth and also serving as a tax haven and a legal liability shield. As soon as someone examines the structure of a C Corporation and realizes what the financially wealthy essentially invented it for, one may be slightly amazed that it has been sitting there this entire time without their knowing about it. One may also be amazed that it was ever actually approved without the masses fully understanding it. It is a tool for wealth production and protection.

A corporation of this kind is legally basically the same as a person, but without any actual accountability if created in a legally skillful way. This means it has most legal rights granted to a person, but totally different accountability. Basically in different states there are different standards for protecting those who establish a corporation from actually being publically exposed or legally liable for anything the corporation does. This includes anything happening on the premises of corporately owned properties or involving corporate assets such as company vehicles. You may be surprised to find that many apparently wealthy people actually own very little that is in their own name compared to how much they actually own through their corporations. You may also be amazed to find that many wealthy C Corporations, which may include some of the largest corporations in the US, actually pay no taxes as they have more annual expenses than they do profit. Even more surprising may be that their annual expenses from one year can carry over to protect them from taxation the next year. Expenses include things like oil fields and factories and just about anything else you can imagine. Think “expense accounts” and you will begin to have a general idea of just how big business actually functions. The life of a “business” man is all business, right? Meetings over dinner and golf, company jet, company limousine, all of these are legitimate company “expenses” and are considered tax write-offs in the corporate realm.

Starting your own C Corporation is actually much easier than you may expect. One person can start it and play all legal roles. It is also relatively inexpensive to file all of the papers. In some states you can establish a corporation online in less than an hour for less than $100. There is a wealth of information online to get you started, so make sure you do your research and start the best corporation you can.