“Living in the private” is a concept that many people misunderstand, even though it has been in plain sight all along. The Fourth Amendment, first clause states The right of the People to be secure in their Persons,…. The Right of the People (men/women) to be secure in their Persons (the Artificial Entity). The legal fiction has been a person for a long time. In Chisholm v Georgia, The Supreme Court stated that the States are Artificial Persons.
Understanding Living in the Private
Many believe that simply completing some paperwork will automatically make a person operate privately in all aspects of life. However, this is far from the truth. It does not matter if you establish a Trust, LLC, S-Corp, C-Corp, or any other type of entity. If you do not know how to manage it, you will not be protected.
The misconception lies in the belief that paperwork alone ensures privacy. It does not. Without studying and understanding the subject, you cannot maintain your privacy. For example, people often ask me, “How do I write a trust?” Writing a trust is not difficult; learning how to manage it is the crucial part.
Consider a court case I read a few years ago involving a tax matter and a trust. The court ruled that there was no legitimate trust business because the Trustee never signed a single business document in his proper capacity as Trustee; he only signed with his personal name. This mistake cost him the case, and the IRS was able to breach the trust’s protections.
Proper Management and Capacity
Living in the private means conducting business correctly and in the appropriate capacity. Many processes taught in various communities are ineffective because most wealthy individuals who operate privately do not concern themselves with much of the circulating information. There are two sayings often quoted: “If you want to be wealthy, do what the wealthy do,” and “Own nothing, control everything.”
The Importance of Education and Understanding
I provide a wealth of information for free, encouraging people to read and learn. However, many people return after 90 days with the same questions, having not read the recommended materials. When I ask if they have read the book I suggested, the answer is often “No.” How can I help if they are not willing to invest in acquiring the necessary knowledge?
Using a Trust indenture as an example, I have seen them range from two pages to over 200 pages. Both are legitimate trusts, but their parties possess the knowledge to manage them effectively.
The Value of Diligence
It is disheartening when people do not read the provided documents. I can tell who is learning and reading because they experience small successes and share their progress in my Telegram group. (You can join the Telegram group through the Basilikos Nomos Platforms page linked in the menu at the top.)
Most people seek a quick fix to their situations, but this approach does not yield long-term solutions.
Take this article and ponder this. Come to your own conclusions. At the end of the day every has to answer for themselves. If you do want to learn from some of the different people with experience, join us in telegram linked here. There is quite a few people in the group from various backgrounds that contribute.