When you decide to invest in Project GrowGold, you fill in a simple form that instructs Powerscourt to form your Investment Company, which is the vehicle for your investment. This is a Limited Liability Company registered in Wyoming USA. All the Investment Companies together, with Powerscourt as their agent, form a local company in Argentina, the ownership company, that will actually buy and hold the land, and will enter the contract with SAAM.

There are three main reasons why the two-tier structure is preferable for investors. First, it maintains total confidentiality, because the US-based company does not need to register its members or file annual returns. Second, it allows each individual investor to choose how and where they get paid. Third, private transfers of shares are very simple.

What is a Limited Liability Company?

Many US states have laws authorising a business structure known as the Limited Liability Company - LLC. The LLC is like a company, in that its members have limited liability; so in Project GrowGold your personal assets are secure. The LCC is like a partnership, in that its own ‘Operating Agreement’ governs it; Powerscourt has written a special Operating Agreement suited to Project GrowGold. Also like a partnership the LLC is also “fiscally transparent”, paying no corporation tax. In addition, the LLC’s affairs, including the names of its members, are entirely confidential; it simply registers its own name, and does not submit annual returns. Thus once you have invested in Project GrowGold, your financial involvement is not accessible by any third party.

Once you have completed the GrowGold Instruction form you need to remit your funds to Powerscourt’s Clients Account.

When clients contribute to Project GrowGold, their contribution is paid into a Clients Account, managed by Powerscourt, held at HSBC in a UK branch. The money is initially held in the name of the Client. When a project GrowGold Investment Company is formed, in accordance with the instruction given by the Client in the Property Instruction Form, the Client’s money will be transferred into the name of that Company; and the Client will hold shares in proportion to the amount contributed.

Under English law the money in any bank account with the term ‘Clients Account’ belongs to the Clients who have put money into it; and that money can only be used in accordance with the Clients instructions. Thus the manager of the account (in this case Powerscourt) is acting as the Clients’ trustee. This has two important implications. First, if the manager goes bankrupt, money in a Clients Account still belongs to the Clients, and cannot be used to pay the manager’s creditors. Second, if the manager were to use the money not in accordance with Clients’ instructions, the manager would be guilty of a serious crime; moreover the crime would be very easy to detect through the bank records.

As a result money in a Clients Account in an English bank is completely safe. For this reason Clients Accounts are widely used in commercial transactions. For example, when a person buys a house, s/he typically puts the money into his own lawyer’s Clients Account, who then transfers under instruction to the Clients Account of the vendor’s lawyer.