You asked · 2026-05-11 · 18:24
Where are we with the BVI → LLC structure for 585 E Crescent? Highlight any rule violations.
The structure is half-formed. No rule violations — Malta passports correctly used for BVI KYC.
US-Law Plus is engaged for the BVI HoldCo (LSA fully executed 2026-05-07; intake form submitted 2026-05-10). The California LLC and the deed transfer of the property out of personal names remain ahead.
The citizenship-compartmentalization rule (derived from Principle 8) is satisfied: both principals' Malta passports MT251400 / MT251461 are used in the BVI KYC pack, with Chinese-character name fields intentionally left blank. No US person appears in any director or shareholder role. Nate (US citizen) is correctly excluded from the BVI ownership chain.
Target structure for the Palo Alto property · two upper levels pending
| Step | Detail | Status |
|---|---|---|
| USLP engagement | LSA executed 2026-05-07; $2,550 retainer wired same day | Done |
| BVI KYC pack submitted | Intake form + Malta passports + Malta lease sent 2026-05-10 | Done |
| BVI HoldCo formation | Awaiting registered agent assignment by USLP | In progress |
| California LLC formation | Separate CA attorney to engage; EIN + Form 5472 program needed | Not started |
| 585 deed transfer | DTT exemption + Prop 13 + FIRPTA §1.897-6T strategy in [llc-contribution-tax-deep-review] | Not started |