local bitcoin wallet business address

Discussion in 'BitCoins, ALTCoins, Exchange Services & Related' started by miner, Aug 7, 2018.

  1. miner

    miner Active Member

    I am talking about a local bitcoin wallet such as electrum. A wallet where the private key is stored on my local computer. Not some website / cloud service.

    Can such a bitcoin address be legally assigned to a offshore cooperate? How would that work? In case anyone ever asks about it, just show a document which states that a certain bitcoin address is the property of the company?
     
  2. rsa pgp

    rsa pgp Member

    I've never heard of a BTC wallet being assigned to a corporation. What benefit would this have? For tax purposes?
     
  3. miner

    miner Active Member

    Yes, for tax purposes. Better having assets assigned to company than private property. Also asset protection. It might not be "yours" then.
     
  4. Stefano3323

    Stefano3323 Active Member

    If the company is incorporated in a jurisdiction where the incorporation agent is required to know your bank account information than just set a shareholders vote where they all agree to approve that specific wallet as company asset, and then communicate that to the incorporation agent. If the company is incorporated in a jurisdiction where you have full privacy, just run an internal vote and keep record of it.