Creative Financing Avenues
Credit unions are member based organizations that you can join for free. Most credit ...
Learn moreLimited liability companies are business structures in the United States that offer a separation from personal and business operations. An Anonymous LLC is defined as a limited liability company whose owners are not publicly identified by the state. This can only be formed by being careful about how and where you form an LLC. Although in some states the managers may be listed, you can still use a nominee manager to maintain the anonymity of the owners. Anonymous LLCs are formed by listing the registered agent and Organizer, but you may use a third-party service in order to once again maintain the anonymity of the owners.
Let’s talk about how an anonymous LLC works.
When deciding to form an Anonymous LLC you will first need to choose to form in a state that allows anonymity. This usually includes Wyoming, Delaware, Nevada, or New Mexico.
Another option is to use an LLC-Holding company set up. This means that if the owner must be listed, you can make the owner an anonymous company from another state. Then the third party will list itself as both an organizer and registered agent. This will then be the only owner information within the Articles of Organization published by the State.
Forming an Anonymous LLC provides all of the benefits of a regular LLC. This includes liability protection, along with the additional benefit of not disclosing ownership information on the Internet. This keeps your home address private, and also keeps people that you know from knowing what you own. Especially if you work in a controversial line of business, or are a public figure.
When forming an anonymous LLC the ownership information of your company is not made public. It keeps your personal information private.
When you conduct business or business deals under the guise of an Anonymous LLC, it can keep confidentiality among the participants.
Because it is not possible for members of the public to look up the ownership information of Anonymous LLCs, this can prevent the owners from being harassed. Especially when it comes to controversial businesses, subject matter, or other issues.
Corporations can be formed anonymously as well, but anonymous LLCs allow you to bring multiple partners in at different levels and allow a lot more flexibility. You are also able to change the ownership among these assets or functions at any time, sell off assets, and do a variety of other actions not possible in a corporation because of how they are managed.
Forming an Anonymous LLC is pretty similar to that of a normal LLC. There are only a few other steps you will need to go through.
As you form your single-member LLC using a registered agent service or another third party is a great way to ensure compliance with the law. Your registered agent must live in the state of formation, and will have their address as your business’s address. The LLC is considered the “shell” LLC. Forming an anonymous LLC is only possible in one of four states that allow anonymous LLCs, Delaware, Nevada, New Mexico, or Wyoming.
Obtaining an EIN is similar to a social security number for your business. EINs are obtained for free from the Internal Revenue Service (IRS). After you have obtained the EIN you can legally open a business bank account.
You will then need to once again use an LLC formation service for this step. When registering your LLC, you need to list the out-of-state LLC as the “manager” or “officer”. This person will then be on file with the state. This helps keep your personal information in your home state off of the public record but still establishes a legitimate paper trail. This will be proof that you own both of the businesses.
Similar to what you did before, you will want to get an EIN for your business. Then you can open a bank account. When doing this step, you will need to bring all of your formation documents with you to the bank. The bank will want to verify your ownership of the new LLC will this information.
At this point, you should be good to begin operating your LLC anonymously and in compliance.
If you are a public figure or someone who works in a line of business where you do not want it to be displayed to the rest of the world, then an anonymous LLC may be right for you. Overall it is not an overly complicated process, but you will need to pay a bit more to have a company set as your registered agent.
Hiring a business lawyer when forming an anonymous LLC can ensure that you are in compliance. It can also take the legal burden off of you, and allow you to feel comfortable while forming your business.
Topics, that might interest you:
Credit unions are member based organizations that you can join for free. Most credit ...
Learn moreTax sale event may arise. But for you to really take advantage of these situations ...
Learn moreIf you are currently thinking about purchasing a new home, you no doubt have ...
Learn moreIf you’re behind on your house payments, you may be in danger of foreclosure. But ...
Learn moreShort sales by their very nature are not simple, but the more you know the better advantage ...
Learn moreFSBO refers to real estate which is listed for sale by the property owner instead of through a...
Learn moreMany home buyers prefer adjustable-rate mortgages because the initial interest rate is lower than a...
Learn moreThere are a lot of potential risks involved in property or real estate dealings. People who are ...
Learn moreIf you are a real estate owner, you know that your property is like a living being, and as such...
Learn moreSo you have decided to sell. In today’s real estate market you need all the help you can get in...
Learn moreWhy would one consider a “Smart Choice” (interest only) mortgage loan? Why not rent and save the funds?..
Learn moreA holding company (also referred to as a parent or umbrella company) is a company devised to house and manage..
Learn moreIf you own property, you’re likely looking for a simple, legally effective way to maintain your privacy and protect..
Learn moreA holding company is a company whose primary function is to acquire and manage other companies..
Learn moreReal estate is as lucrative as it is risky. If you’re thinking about getting into real estate..
Learn moreReal estate holding companies are the best way to protect your personal assets from the..
Learn moreLimited liability companies (LLCs) are business structures in the United State...
Learn moreA subsidiary company is a company that’s owned and controlled by another...
Learn moreThere are many parts that encompass forming a company and, in many cases...
Learn moreAlthough not a common idea when first starting your business, a holding company is something...
Learn moreHolding companies do not exist to create products or provide services.
Learn moreWhen forming a business in the United States there are a few options to choose...
Learn moreHolding companies are similar to other businesses, but instead of offering a product or service...
Learn moreWhen forming an LLC there are a variety of different aspects involved in the formation...
Learn moreHolding companies are business entities that are formed with the intent of owning another entity...
Learn moreIn everyday life, most people own a bank account to digitally use their money and protect it from theft...
Learn moreSeparate your business and personal funds, preserve your limited liability...
Learn moreWhether you choose to form an LLC or corporation, and no matter which state...
Learn moreDoes your business have a larger customer base? Is there an increased...
Learn moreFrom liability protection to a favorable pass-through tax status...
Learn moreThe way you choose to legally structure your business impacts...
Learn moreBoth LLCs and corporations are business entities...
Learn moreA Trust is a contract between the person who creates...
Learn moreIf you aren't a real estate investor, you may not be...
Learn moreHolding companies separate their assets from operational...
Learn moreInvestment holding companies do not sell their own products nor...
Learn moreWhen legally forming your business with the state, you’ll choose...
Learn moreIf you’re in the early stages of forming your business, you may have...
Learn moreA limited liability company, or LLC as it’s commonly abbreviated, is...
Learn moreWhen estate planning, it can feel overwhelming trying to figure...
Learn moreAn asset protection trust is a type of trust that offers the...
Learn moreEstate planning should be a part of anyone’s long term goals for managing their estate and providing...
Learn moreIt’s not something we like to talk about, but regardless of wealth, age, or amount of assets...
Learn moreProper estate planning can ease the burden left on your family after you die, reduce or eliminate...
Learn moreAssigning durable power of attorney can be a crucial step as you begin your estate planning, but...
Learn moreIf you’re looking for a trust that can last forever, then you need a Dynasty Trust.
Learn moreThe role of the executor (or executrix) of an estate plan or will is to ensure the deceased...
Learn moreFrom avoiding probate and having ultimate flexibility over their...
Learn moreMany people choose to write a will, obtain life insurance...
Learn moreEstate planning is the preparation and management of a person’s estate while they’re still living...
Learn moreAn advanced healthcare directive (also called a living will) is...
Learn moreActually, as wonderful as these benefits are, this estate planning document is not for everyone...
Learn moreRevocable Living trusts sounds like a simple process with big benefits...
Learn moreIf you want to protect your loved ones after death, it’s essential to have an estate plan in place...
Learn moreEstate planning is a general term for the process of...
Learn moreThere is a lot to be learned from growing up working in a family business. Here are but 7 lessons you can learn...
Learn moreThere is a lot to consider before getting your older involved in a family business...
Learn moreYou may believe that getting a divorce will ruin your family business...
Learn moreYou may believe that getting a divorce will ruin your family business...
Learn moreOnce the owner decides that selling the business to other family...
Learn moreFamily business succession planning can be a challenging process...
Learn moreThinking of starting a new business? Maybe a business with...
Learn moreLimited liability companies are business structures in the...
Learn moreLLCs are a business structure where the owners are afforded...
Learn moreWhen you are looking to start a business you have a few...
Learn moreLimited liability companies are a form of business entity in the...
Learn moreWhen forming a business in the United States you have the option...
Learn moreForming an LLC means you will be provided limited liability...
Learn moreLimited liability companies are business structures in the...
Learn moreLimited liability companies exist as a business structure in the...
Learn moreLimited liability companies exist in the United States to...
Learn moreLimited liability companies (LLCs) are a business structure in...
Learn moreLimited liability companies are business entities in the United...
Learn moreThis year marks my 12th year in real estate sales and my...
Learn moreUp until a short time ago, there was no housing to speak of in...
Learn moreJust because you have the money to make a purchase on any real...
Learn moreWhy would one consider a “Smart Choice” (interest only) mortgage...
Learn moreHere in Southern California many home buyers are going the...
Learn moreLooking for the best real estate analysis software for your real...
Learn moreYou don’t have to be a real estate agent to think like one. My...
Learn more