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Author Topic: what to do with large amounts of cash?  (Read 1481 times)
BitOnyx
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May 06, 2014, 11:07:40 AM
 #41

If you would have large enough cash you could consider payout in more bitcoin friendly countries.

USA is weird right now. Maybe after some time they are going to chill.

BasilHawkins
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May 06, 2014, 02:18:09 PM
 #42

I don't think having too much money is a problem.  Smiley

Create a corporation. Pay taxes. Hire some lawyers.
apepoof
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May 06, 2014, 02:34:55 PM
 #43

You got a good problem going, its usually the lack of money  Cheesy

You can try do the western union thing, but it would have to be small amounts from random locations.

I know this cause I do check cashing and everything western union for my parents.

Also the limitation for 1 transaction should be less then 9,000 etc. Anything though that brings suspicious behavior have to report to FinCen.

note:
The better way would probably at a certain point, get a legit business going to clean the old laundered money (under the table money) to match yearly earnings.

bryant.coleman
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May 06, 2014, 02:35:58 PM
 #44

I don't think having too much money is a problem.  Smiley
Create a corporation. Pay taxes. Hire some lawyers.

Not as simple as it seems. Corporate taxes are increasing all over the US / EU. If you want to take your corporation to places where there is no Corporate tax, then there are further legal complexities.
BasilHawkins
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May 06, 2014, 02:46:10 PM
 #45

I don't think having too much money is a problem.  Smiley
Create a corporation. Pay taxes. Hire some lawyers.

Not as simple as it seems. Corporate taxes are increasing all over the US / EU. If you want to take your corporation to places where there is no Corporate tax, then there are further legal complexities.

You need to invite this guy to your island.  Smiley
mShz
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May 06, 2014, 02:56:25 PM
 #46

I don't think having too much money is a problem.  Smiley

Create a corporation. Pay taxes. Hire some lawyers.


 Cheesy

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Nobitcoin
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May 30, 2014, 06:01:42 PM
 #47

Change cash to diamonds and swallow  Wink
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May 30, 2014, 06:06:52 PM
 #48

i decided to buy mutual funds and start a company.


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