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damnq, it's pretty unavoidable - a US based company better have records in the US. I wouldn't want DOJ knocking on my door (It's a bit far for them to go, but that is another story) and asking for records, and all I can say is "no, they are in XXXXXXXXXXXXna". I think you can see how that really wouldn't fly, especially if the US company or individual is the beneficial owner of the content or the websites.
Some people are suggesting stuff can be done with offshore trusts, holding companies, double blind trusts (a trust, held be a trust) etc. Besides some practical issues, everyone needs to spend time looking at the tax code to see what would do to them, and what you would have to declare anyway.
If you are a US citizen running porn sites, well, I think every lawyer would say "keep the records".
Alex
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