Anonymous LLC: What Are The Pros And Cons?

Would you like to learn more about setting up anonymous LLCs? Schedule a free consultation here: aba.link/dtq
In this video, I'm discussing the world of anonymous LLCs and whether or not they should be part of your business setup.
Anonymity in your business structure can have significant advantages, but it’s not always the right choice for every situation.
Let’s break down when you might want to use an anonymous LLC and when it might be better to opt for a more transparent setup.
If privacy, protection from harassment, and asset security are priorities for you, an anonymous LLC might be the right choice. However, always stay informed about local regulations and consult with a legal expert to make the best decision for your situation.
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Show Notes:
0:00 Anonymous LLCs
3:42 Estate Planning Importance
4:524 When Not to Use Anonymity
8:37 Talk to Lenders
10:03 Outro
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ABOUT CLINT COONS
Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#llc #anonymousllc #assetprotection #clintcoons

[@ClintCoons]

Are you interested in diving deeper into this topic or chatting with an expert? Feel free to schedule a call here: aba.link/dtq

[@vballg11]

Is it possible to talk to someone from the Tacoma WA office directly?

[@tjmbv8680]

I’ve been watching this channel since high school, I find legal structures beautiful and fascinating. I’m not yet at a point in life where these concepts are applicable to me but I know someday the knowledge I’ve learned here is gonna save my ass.

[@ClintCoons]

Are you implying I am now old? 😂😂😂. Thanks for watching.

[@gaiustacitus4242]

Anonymity is a good thing. I still receive phone calls from solicitors of goods and services for businesses I shut down more than 10 years ago. Public information lingers forever regardless of how much effort you make to have invalid information removed.

[@goddessgood118]

Thanks so much for always bringing clarity. See you in Dallas in a few weeks!!

[@MsAllie-hf1bh]

I'm glad I found your channel sir. You're so informative.

[@ClintCoons]

Glad to hear it

[@ClayJitsu]

great video, thanks!

[@kenburgio8070]

Thanks Clint, this was great information and very helpful .

[@ClintCoons]

Glad it was helpful!

[@EMdaniel-pf9fp]

Keep droping these videos they are quite informative

[@ClintCoons]

Thanks, will do!

[@martinfelix4203]

Thanks a lot.

[@toddp.226]

Would an anonymous LLC hinder me from getting business credit cards or similar unsecured business credit? Thanks.

[@ClintCoons]

Yes. I have a video coming out soon on this topic.

[@danlee1027]

Good info, especially about an active LLC

[@ClintCoons]

Glad it was helpful

[@PartyInTheGym01]

Great value as always: Would appreciate an in depth video about on pitfall of using an anonymous llc for rentals where you need to prove ownership during an eviction! Are there any work around documents like affidavits one could use to show/prove further ownership?

[@ClintCoons]

When you bring an unlawful detainer action, you would not have to prove LLC ownership because an attorney is required to initiate the action.

[@Marilyn-bk2iw]

I think it's too late for the company part. Perhaps I can still use it for my real estate in the future.

[@curtisclemens9348]

With the new Beneficial Ownership Information reporting due by January 2025, are we able to use an Irrevocable Common Law Trust and not have to report ownership information? Also, would we have to provide ownership information if we placed an LLC inside an Irrevocable Common Law Trust?

[@ClintCoons]

Unfortunately, no. You will need to report.

[@danlee1027]

So doesnt the new BOI reporting effectively destroy or significantly weaken these LLC structures? I heard the BOI is already being challenged in court.

[@JXZ-JAM]

So I've just come to learn about this new Corporate Transparency Act. Seems like it pretty much largely ends anonymity and make the legal structures you talk about moot and circumvented??? Can you do a video on this major issue?

[@ClintCoons]

I have a few on my channel. Just search for Corporate Transparency Act

[@hwanren]

With new beneficial ownership info how do we protect ourselves from anonymity or our Wyoming LLC if we need to disclose our info? We bought homes in CA and Anderson is setting up the LLC with the owner is Wyoming LLC but we still have to submit the owners info?

[@ClintCoons]

Yes, but this information is not shared nor is it public, so your anonymity will remain intact.

[@Marilyn-bk2iw]

What can I do now? Or is it too late?

[@ClintCoons]

If you would like a FREE 30-minute consultation, you can request one here - aba.link/clintss

[@yashshah4327]

Is it advisable to setup an anonymity for Rental Arbitrage, if the sole intention is to earn passive income and the company will be managed by a thrid-party?

[@ClintCoons]

I would because you are still dealing with tenants.

[@user-fq5ei6od8p]

You said anonymity for holding assets and you mentioned rental real estate, flipping , or savings accounts. Then you mentioned if you are running an active business not to use anonymity. However, rehabbing and flipping real estate is an active business technically. So is that one of those that could go either way?

[@ClintCoons]

Correct. It would depend in you wanted the business associated to you

[@TGArthur]

If the Wyoming LLC claims ownership of a company, does it also take responsibility for the liability that might come about of that company it's a member of?

[@ClintCoons]

It does not

[@marinakn2474]

Thank you so much for all your work you do. How about BOI form? Since we have to submit this it is no longer anonymous, isn’t it?

[@ClintCoons]

You still have anonymity. The information submitted is not available to the public.

[@danlee1027]

Only the Fincen Feds will know...for better or worse

[@MsAllie-hf1bh]

That truck looks like a cat 😂😂😂😂

[@ClintCoons]

😂😂😂

[@itsmisterchris]

Do you set up llcs like that ,anonymous.. you have contact info?

[@ClintCoons]

Reach out to my team for a free consultation: aba.link/dtq

[@Cheryl_izzy]

Will the new BOI report be public so people see your name?

[@ClintCoons]

No