{"id":210600,"date":"2025-04-06T01:23:25","date_gmt":"2025-04-06T08:23:25","guid":{"rendered":"https:\/\/firmsconsulting.com\/?p=210600"},"modified":"2025-04-06T01:23:25","modified_gmt":"2025-04-06T08:23:25","slug":"will-they-trust-you-after-you-move","status":"publish","type":"post","link":"https:\/\/firmsconsulting.com\/will-they-trust-you-after-you-move\/","title":{"rendered":"Will they trust you after you move?"},"content":{"rendered":"

Your Address is Part of Your<\/h2>\n

Portfolio of Assets.<\/h2>\n

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When we think about moving someplace, for the majority of people, they get these starry eyes and they think:<\/p>\n

\u201cI can finally sit on the beach, work on my laptop, be a digital nomad, live the dream.\u201d<\/p>\n

But you\u2019ve got to think of the address, your location, as one part of your portfolio of assets.<\/p>\n

It always comes down to risk and investment. Because that\u2019s what we\u2019re doing. We\u2019re investing here.<\/p>\n

A very fundamental question to\u00a0ask is: how does the new address and location compare against your old one?<\/p>\n

Because where you live confers status, legitimacy, and certain assets and rights, just based on where you\u2019re located, where you run your business, and where you operate.<\/p>\n

Certain addresses confer more legitimacy. More prestige.<\/p>\n

When I buy something and people look at my address, their behavior changes. People who live in a certain area have a certain stature. There\u2019s a cost to doing business if you put yourself in a location considered less prestigious.<\/p>\n

The cost of capital. The cost of insurance. The cost of borrowing. The cost of customers seeing your location and deciding they don\u2019t know it well, don\u2019t trust it, and don\u2019t want the transaction to go through.<\/p>\n

What are you giving up when you change locations?<\/p>\n

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Noteworthy Highlight<\/p>\n

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Because from the eyes of the consumer, they\u2019re going to know you were in one place, and now you\u2019re in another. And they are going to judge you,\u00a0whether or not they want to do business with an entity in that new region.<\/p>\n

There are jurisdictions that confer more certainty, more safety.<\/p>\n

And some that don\u2019t.<\/p>\n

There are places in the world that are not set up for appeals. Not set up for civil disagreements.<\/p>\n

We call this the destination tax.<\/p>\n

It\u2019s a term we use when advising companies moving headquarters, manufacturing, or even just relocating senior leadership.<\/p>\n

If someone knew a Porsche was made in a different part of the world, and wouldn\u2019t buy it, that\u2019s a destination tax.<\/p>\n

It\u2019s real. And it applies to you too.<\/p>\n

If you\u2019re willing to leave California to avoid 13.3% in personal income tax, then clearly you\u2019re willing to make a trade. But what if the trade ends up being much more than you expected?<\/p>\n

What are you giving up in terms of capital cost, legitimacy, consumer trust, or ability to operate?<\/p>\n

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Noteworthy Highlight<\/p>\n

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Are you funding a lifestyle\u2026 or giving up the structure that funds your life?<\/p>\n

And that\u2019s just the first layer.<\/p>\n

Let\u2019s say something goes wrong.<\/p>\n

What would happen if you had a disagreement with a powerful government or corporate entity like a bank or immigration?<\/p>\n

What would happen if a check bounced?<\/p>\n

If you passed a debt threshold?<\/p>\n

If you went into bankruptcy?<\/p>\n

Some countries hit your credit score. Some hit you.<\/p>\n

Some let you file for bankruptcy. Some don\u2019t.<\/p>\n

Some protect you in a civil dispute. Some don\u2019t care.<\/p>\n

There are a lot of things we take for granted where we are.<\/p>\n

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Noteworthy Highlight<\/p>\n

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The right to appeal. The right to recourse. The right to just live life normally, even if something goes wrong.<\/p>\n

But will those rights be there where you\u2019re going?<\/p>\n

And then there\u2019s ownership.<\/p>\n

Corporate finance is not just valuation and return on investment.<\/p>\n

It\u2019s governance. Asset control. Your ability to allocate and repatriate.<\/p>\n

Do you really own your business, your property, your copyrights, your capital?<\/p>\n

Because you can own something and have no ability to do anything with it.<\/p>\n

You may not be able to move it.<\/p>\n

You may not be able to exit it.<\/p>\n

You may not even be able to prove it\u2019s yours.<\/p>\n

And that\u2019s a problem when your life and assets are tied to systems that operate under different rules.<\/p>\n

Every country is different.<\/p>\n

Some let you liquidate. Some don\u2019t.<\/p>\n

Some let you move money. Others require permission.<\/p>\n

Some let you keep assets as a non-resident. Others don\u2019t.<\/p>\n

So the question is not just where you want to go.<\/p>\n

The question is: do you know how that country treats people like you when something goes wrong?<\/p>\n

That\u2019s what we cover in Episodes 6\u20138 of The Existential Mistake Made When Immigrating.<\/p>\n

They\u2019re available now for Legacy members.<\/p>\n

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Access New 11-Part Program (Legacy Members)<\/a><\/p>\n

 <\/p>\n

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