You’ve probably heard the old saying; It’s not what you own, it’s what you control. That’s what we call wealth, and one of the greatest means of control is owning a Texas Joint-Stock Company, which comes with an automatic Revocable Living Trust Combination. Doing so provides your family with two essential assets – judgment protection and asset security.
What is a Joint-Stock Company?
A joint-stock company is owned by investors to finance expensive endeavors like expanding a factory or building a railroad. Through joint-stock companies, investors provide capital for these projects in exchange for shares of ownership in the company.
Benefits of a Texas Joint Stock Company
- No judge or jury can force a sale of your property to pay off creditors, as they can with other assets, like IRAs or 401Ks.
- Because it’s a separate legal entity, a Texas joint-stock company holds title to real estate so that you don’t have to disclose who owns it on property records.
- You own 100% of your shares; no one else has any claim.
- You control all aspects of its operation through written agreements, including how profits are distributed, which is important if you have multiple shareholders.
- If one shareholder dies, their shares pass directly to their heirs without going through probate court—saving time and money for everyone involved.
- It doesn’t matter where you live now or where you move later—your shares will always be protected from creditors.
- It isn’t subject to state franchise taxes.
Why Texas Joint Stock Company is the best option for you
To protect your family’s assets, you should use a Texas Joint Stock Company (TJSC). A TJSC has features that protect you from losing your assets due to judgments, garnishments, or creditor claims. Further, a TJSC establishes an ownership entity for your business interests; you can take active control of those business interests through voting rights in your corporation.
Contact us today if you’re looking for a more stable way to protect your assets. We can help you form a joint-stock company or revocable living trust combination in Texas.