Where and what is Nevus?
Nevus is an independent Island-nation located in the eastern Caribbean south east of Puerto Rico with an English speaking population of 8,500. The laws are based on the British system. What are the options if you form the Nevus LLC? Great flexibility is possible. The Nevus LLC can have but a single owner or many owners. The entity can be managed by the members or by a designated manager. For additional protection the LLC can be structured as a Nevus Custodial Company (NCC) with an offshore manage similar to an offshore trustee with an asset protection trust who controls distributions. What are the U.S. Tax Implications? The Nevus LLC does not reduce U.S. income taxes. For tax purposes the Nevus LLC is usually treated as a partnership, and all income flows through to the owners in the same way as a U.S. based partnership. Estate tax discounts may be available similar to a U.S. limited partnership interest. What are the Nevus Tax implications? As long as you do not operate an active busi
