How to Avoid Exposing Your LLC to Creditors (Anonymity Planning)

In this video I'm going to discuss creating that anonymity shield and what you shouldn't do when setting up your entities. 👉 If you would like a FREE 45-minute consultation, you can request one here 👉👉 aba.link/ff3216
I'm a strong proponent of setting up structures where your using an entity that's been set up in Wyoming or Delaware to hold of your business interests. You need to take as many steps as you can to keep your business private as possible.
What you need to know about how to avoid exposing your LLC to creditors is covered in this video.
Questions or requests for a video topic are always welcome!
---------------------------------------------------------------------------------------------------------
SUBSCRIBE
kzbin.info...
~~~~
FREE REAL ESTATE INVESTMENT STRATEGY SESSION
Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 aba.link/ff3216
FREE TAX & ASSET PROTECTION WORKSHOP
Learn about Real Estate & Asset Protection from Clint Coons, Esq. and Toby Mathis, Esq. at our next all-day free Livestream 9 am to 4 pm PT. on Saturdays. Our attorneys and specialists will answer ALL questions: 👉 Save Your Seat: aba.link/4ece3d
~~~~
FINANCIAL PLANNING & RESOURCES
Download your free copy of Un-Tax Yourself eBook and discover the secret to real estate wealth is in the tax deductions. aba.link/td6
For financial strategies, podcasts, articles and details on upcoming workshops visit aba.link/clintaba
Here’s a little about me and my book Asset Protection for Real Estate Investors
aba.link/clintbio
~~~~
FOLLOW US:
Instagram: aba.link/instagram
Facebook: aba.link/facebook
Twitter: aba.link/twitter
LinkedIn: aba.link/linkedin
~~~~
CONTACT US
Phone: [phone]
Email: [e-mail]
Fax: [phone]
ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, 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.
---------------------------------------------------------------------------------------------------------
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.
#Anonymity #Businessplanning

[@ClintCoons]

Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 aba.link/ff3216

[@LifeUnlocker]

1:15 serious 1:55 wyom 2:45 managed 4:30 who is the registered agent 5:15 5:35 who is incorporator/organizer 6:55 business address 7:30 address lookup 8:30 9:15 look at the small things

[@kevingillies5961]

Clint It would be amazing to see a video on the banking aspect and corporate compliance on that exact structure. As what LLC needs accounts and how money moves through them.

[@billytheweasel]

I formed a double LLC through a registered agent but can't get a business bank account unless my name is on the account. That ruins my anonymity and I wouldn't be shielded from lawsuits. No?

[@billytheweasel]

@AmericaIsWorthIt Yep, thanks! Bank Staff at one bank was able to do open the account in the LLC name after I showed the formation docs. Since this is the account that rents are deposited into I wanted it in the LLC's name.

[@stevenbingham3061]

The devil is ALWAYS in the details, but one thing I love that Clint pointed out in this video is the fact that often in these types of videos the presenter is presenting concepts, techniques and tactics. This is NOT the same as giving you a step-by-step breakdown that you can run right out and try to implement on your own. Rather, learn and understand the basics of these concepts, techniques and tactics so you can THEN reach out to the appropriate professionals who can help you navigate the details and set things up correctly per your objectives! Thanks again Clint!!

[@ClintCoons]

Thanks Steven. Great point.

[@Antigone-yp6ht]

I definitely need you to help me when I buy my rentals. Listening to you again. Thanks for all the great videos. I save them for future reference.

[@NiOko2013]

Greatest video out to walk you through the process AND tell you how others have gone wrong. Thank you!

[@hithere3609]

GREAT EXPLAINATION! Thank you for sharing. Very thoughtful and detailed.

[@dasfahrer8187]

This is the only video I've found that has addressed all of this. Thanks for posting, it was immensely helpful!

[@ClintCoons]

You're very welcome!

[@emmanuelperez4830]

Clint great info. Would love to know more on this subject great job on this.

[@sandysavard8030]

I must say Thank You Very much for all your contribution(s).

[@myxcapital4179]

Only way to stop/prevent a pandemic, great work Clint!

[@lisakeene1407]

I had NO IDEA. oh my so thankful you waltzed across my feed. More....

[@darlene622]

He said, "if you're using legal doom instead of legal zoom." 🤣

[@vjoneofficial]

Clint needs a set for a stand up night.

[@niyawarner7304]

I’m going to need him to go more into detail on that.. don’t hold the important info 🧐

[@blaakcoffee]

😂😂😂😂😂😂

[@BPoweredLove]

*I mean, not "instead of"

[@waltergalaga3379]

😂😂😂

[@seeyouthere]

Thanks for this! This covered a new layer of info I have been searching for. It's helpful to understand how the nuances may expose your info without you knowing it! Would also be good dive into this further. Things like who should sign the annual reports and amendment forms without exposing your identity, how to properly transfer title without trigger transfer taxes, etc., and what addresses you should use on the forms and if that is across all LLCs or per LLC. I would also love to know more about what other things creditors can and cannot find out about you.

[@mariefrancois868]

Thank you, I learn a lot.

[@hezekiahbergeron3351]

Thank you for the continuous free content 🙏 Much love

[@ClintCoons]

You are so welcome

[@user-dm5pf6ff1e]

Amazing information. You are great! Thank you.

[@jovanymatos661]

Excellent Clint! Thank you.

[@ClintCoons]

Glad it was helpful!

[@alexgoumilevski5864]

Thanks Clint for another fantastic video!!

[@ClintCoons]

Glad you enjoyed it

[@bossman158]

You're a monster with this, keep the info flowing!!!!

[@ClintCoons]

Thanks! Will do!

[@mikeharmon7299]

Thanks Clint soooo informative

[@mercyjalpert4494]

Excellent advise Clint. Thank you.

[@ClintCoons]

Glad it was helpful!

[@faizmen1]

Great Content, you answered quite a few questions I previously had. Thank you for your time and awesome content.

[@ClintCoons]

Glad it was helpful!

[@sjtheplug]

This was great Clint. Keep up the great work.

[@ClintCoons]

Glad you enjoyed it

[@skyf7875]

Great info sir, thanks for having such an informative and concise video!

[@ClintCoons]

Glad it was helpful!

[@ban_tik_tok]

*Clint Coons* is the GREATEST on KZbin for Business related videos. 90% of the information in this video I had no idea about

[@ClintCoons]

Wow. Thanks.

[@cherylm2C6671]

Thank you for your presentation. I had no idea it could be so complex, even for avoiding that disgruntled person. I've got a bit of cleanup to do, then I can get restarted. Thanks again!

[@ClintCoons]

Glad it was helpful!

[@tomk2147]

As I read the various comments below that folks have about existing LLC structures and especially the tax burden from the IRS. I completely understand why many real estate investors that have major dollars invested move their money to off shore islands that are tax havens as well as other protection too.

[@AlexieBly]

This was a very detailed video and understandable, thank you

[@ClintCoons]

Glad it was helpful!

[@anniechou6371]

A great video that learning a lot of knowledge about LLC pivotal.

[@ClintCoons]

Glad it was helpful!

[@ktessentialstv991]

Learn so much from your videos. Many thanks!

[@ClintCoons]

Glad to hear it!

[@giyguyyy]

Awesome videos! Thanks a ton.

[@ClintCoons]

Glad you like them!

[@MhaieLove]

Thank you, Clint, for this great info

[@ClintCoons]

Glad it was helpful!

[@SuperSaiyanATX]

Thank you so much!

[@moe7watson63]

Very informative as I was concerned about the bank wanting our information.

[@ClintCoons]

Glad it was helpful!

[@romygarcia4996]

I loved this video. It was so enlightening 🤩

[@ClintCoons]

Thanks

[@Salriaraj20]

Thanks, Clint for sharing the asset protection strategies. regards

[@ClintCoons]

Raj Salaria Thanks for watching.

[@tjmyers7851]

Thank you. Very helpful.

[@ClintCoons]

You're welcome!

[@netlifetoday5193]

Amazing info Clint.

[@ClintCoons]

Glad it was helpful!

[@angeltorracaofficial]

GREAT INFO CLINT.

[@ClintCoons]

Thanks 👍

[@OB0685]

Thank you for the great content you provide, always.

[@ClintCoons]

My pleasure!

[@alliesteam9776]

Yes, we like Clint Coons’ educational videos which are very helpful, practical, useful and high quality content. Thanks very much for sharing your expertise!

[@tammyrhines]

Very easy to understand.

[@ClintCoons]

Thanks Tammy.

[@mida2202]

Thank you for your work.

[@ClintCoons]

My pleasure!

[@karinaknighten5406]

This is exactly the scenario I have been looking for regarding anonymity LLC set up as well as setting up business bank account in state I live in vs state that properties I plan to invest in will be. Thanks, Clint! I look forward to my consultation with Anderson Advisors soon!

[@ClintCoons]

Karina Knighten Thanks for watching.

[@brad265]

Great video and explanation

[@ClintCoons]

Thank you!

[@InfiniteVelocityUSA]

Great video. Make sure not to create a DBA with the first LLC or it will disclose the name and break anonymity.

[@Coast_to_Coast]

Would love to hear more about your new out of state Florida RealEstate protection set up!

[@billytheweasel]

Still producing excellent videos. A+

[@ClintCoons]

Glad you think so!

[@dnastable]

As always, great content. There is understanding what needs to happen, and then there is the expertise to execute it. Get an expert! Is the video about avoiding Due on Sale still coming?

[@ClintCoons]

Yes. I recut it last Friday after doing some more research. Just waiting for my team to edit it.

[@rckstaar7895]

Love your videos!

[@ClintCoons]

Glad you like them!

[@samlyons3552]

Huge Thumbs Up !

[@anujchauhan1202]

Good work

[@DiscovertourshawaiiLLC]

Great info thank you

[@ClintCoons]

Lynne Wood Thanks for watching.

[@healthfullivingify]

Thanks, Clint. These ideas seem realistically able to help become invisible to creditors.

[@ClintCoons]

Glad you think so!

[@SuperWealthyrich]

Awesome videos !

[@ClintCoons]

Thanks!

[@AlonzoLivin]

You said it right, Legal 💣DOOM🧨☠️ Lol, Good stuff Clint! #AssetProtection

[@rcruz401]

Great Stuff! Can you do a video on 1031 exchanges. And doind it from a Residential Property thats in your name to a Commercial Multifamily using a Hard-money lender to then rehab and refinance. When should one considered putting it in an LLC using the landtrust method? And how should one collect rents from tenants on the other units during rehab?

[@ClintCoons]

Yes that is a great idea. I will put something together.

[@awp24]

Always so insightful Clint! Just had my first strategy session today after coming across your channel. 🙌🏽

[@ClintCoons]

Fantastic!

[@ronscott6367]

Excellent!

[@ClintCoons]

Glad you liked it!

[@organizer14]

It would be useful to know how to do the accounting for the local red LLC when it is owned by blue Wyoming holding LLC. Also how to register local LLC with local tax agency. Many thanks for all your useful training!

[@deltha5105]

Whoa, just fell down a rabbit hole. While I'm here, you have my full attention..

[@show_your_teeth]

Hey Clint, can you do a video on "Anonymity Planning for operating Agreements LLc's?" your channel is great!! thanks

[@ClintCoons]

Oscar can you give me some more specifics about what is an "Operating Agreement LLC"?

[@dinachihab2905]

OMG thank you so much Clint for this breakdown this is GOLD!! no one knows more regarding the subject of structuring asset entities for asset protection and anonymity than your business!! VERY WELL EXPLAINED!! I need your help I want to set up a free consultation with you. I want to know what I need to do, if it is possible to move my almost 2 year old CA LLC to Wyoming not for Real estate property. I work in the Tax overages in unclaimed overages business. If I do move it to Wyoming will I be anonymous? or should I just incorporate a new LLC in Wyoming.

[@ClintCoons]

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

[@ako849]

Awesome 👏

[@Karguy4545]

Phenomenal video. Exactly what I've wanted to learn. What's the yearly fee if you're my registered agent? and what do you charge for the articles? (WY)

[@ClintCoons]

$135 for RA. We can file the articles but what address do you intent to use for the company.

[@helena4950]

I love your Videos.

[@ClintCoons]

Thanks Helena.

[@youmayberight2434]

I agree. A lot of crazies.

[@alliesteam9776]

We like your useful presentations! We would appreciate knowing more about small office Bldg and more than 5 units residential apt building. What structure to set up in Delaware, how about statutory trust?

[@ClintCoons]

I like the WST or DST for holding real estate. Are you investing in DE?

[@Kas_Styles]

Thank you.

[@ClintCoons]

You're welcome!

[@sheridonna]

Thank you 😊would love to connect to learn more on how to protect my assets

[@ClintCoons]

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

[@gregm1733]

Great video. My question concerns anonymity with the checks I would be writing from my business accounts at the banks. I would have an LLC for my CA rental and the Wy holding LLC, both with bank accounts. Simple question: How do I fill out and sign the checks I may be writing from my expense accounts while keeping anonymity? Thanks in advance.

[@ClintCoons]

You would have an account in the name of the CA LLC and you would be the signer on the account. You would have to sign your name - there is no way around it.

[@gradosa8272]

I'm getting my first rental soon.🤔

[@UltimateBargains]

Use a microcut or chipper paper shredder, not a cheap slicer shredder that produces long slices that are easily arranged back into the original page. You want a shredder that produces very tiny confetti.

[@ban_tik_tok]

Haven't seen strip cut shredders in a while, cross cut seems to be the most popular nowadays. Staples has them for about 40/50 dollars.

[@waynecmontgomery]

Hey Clint, You did not address using AKA's to set up companies. I know for a fact most federal law enforcement agencies use AKA's( Also Known As) or ( PKA) when they are setting up shell companies. And the other thing you did not address is investigations undertaken by Dunn and Bradstreet and other credit rating agencies. When the company goes to apply for credit. Dunn and Bradstreet will require one officer to identify themself and that you provide a lease where the business is doing business at. Most banks want to see a DNB report when loaning to someone using an LLC. Also, DNB was one of the companies pushing for the Corporate Transparency Act. They are due to get a very large contract from FINCEN, this is the loophole that no one's talking about

[@ClintCoons]

Wayne you are correct. Anonymity and credit are not friends. I covered that topic in this video. kzbin.info/www/bejne/nqqolIOredWanNU. Thanks for watching.

[@nickarmstrong3660]

Great video as always. Could you do something for veterans about the VA loan, small business loan options, and if it’s possible to remain anonymous after using it. Thanks!

[@robertmayo5268]

I also am interested in this...

[@ClintCoons]

Great suggestion!

[@olawrence9621]

I am also interested in this. I Can't wait to see it

[@willyjimmy8881]

@@ClintCoons i'd also like a vid on this topic.

[@starr8111]

Mind blown

[@alipaparazzi]

Hi Clint, great content in this video as always, can this model be use for ANY business? Thanks

[@ClintCoons]

No necessarily. If you are running an active business and looking to build credit, anonymity is not your friend.

[@Joven.videos]

so basically i can have florida llc owned by wyoming llc and use your wyomig principle business address in florida article of incorporation llc even if properties are in florida thanks

[@ClintCoons]

yes

[@nygraphs1]

yes

[@Darrell_lewis_massage_realtor]

I used an aka for the ra one time. Banks and marketing companies ASSUMED it was the owner.

[@diegomedina3887]

I am getting ready to open a real estate wholesaling business soon. Do you have ideas on how to incorporate Anonymity on the BRRRR (Buy- Repair- Rent- Refinance- Repeat) Method ??? And which type of LLC should I use? LLC--> S-Corp is what I am thinking. Thank You!!!

[@ClintCoons]

Check out this video and I have a followup coming out in 2 weeks regarding the anonymity. kzbin.info/www/bejne/h3ialox-i9J9n5Y

[@toddsmith9649]

Excellent

[@ClintCoons]

Thanks

[@beetlebee5945]

Great video. One question for thought. As the LLC organizer don't they have some control over the entity?

[@ClintCoons]

No they do not.

[@beetlebee5945]

@@ClintCoons thanks!

[@ricksass583]

Clint-Great video as usual! My wife and I are FL residents. If I create a SMLLC in WY (holding LLC) that owns individual SMLLC's in FL that owns real estate, will the courts in FL allow WY charging order protection?

[@ClintCoons]

Depends on the court and how you set up your LLCs. Make it a multi-member and have out out of state company (like Anderson) hold your LLC certificates. This is the best way we know of to get FL to respect the WY LLC charging order protections.

[@donnaschillinger4129]

Thank you! I have made some of those mistakes with my first LLC under my holding company and I will be sure to correct them in the future! Question, is there any reason why I shouldn't use the property address for an LLC when I am forming it just to flip the home? So I start the LLC when I purchased the property, and I dissolve it when I sell the property. In the meantime I am managing the property's rehab, and getting the mail there. What do you think of that?

[@ClintCoons]

I agree with the strategy you outlined and I have used it myself on my own flips.

[@TearsofJobs]

Thank you for this information its so valuable. What about annual filing of Statement of Information. If you file yourself does that expose your identity?

[@ClintCoons]

Yes it does. You should not file it yourself.

[@TearsofJobs]

@@ClintCoons thank you for explaining this for people.

[@jaemarie]

Awesome thank you! What do you do if you have a company setup and the still make you the organizer of the llc? what to do then?

[@ClintCoons]

Nothing. The organizer is permanent.

[@britcom1]

Hey Clint, could you address the subject of Certificated Ownership of LLC's with respect to creditors attempting to obtain a Charging Order. Specifically when Ownership Certificates are held in a jurisdiction outside the court's. I am thinking about Florida Real Estate investment strategies and outside liability protection.

[@nezzr78]

What’s to stop an attorney from sending a subpoena to your firm demanding further disclosure?

[@ClintCoons]

Nothing but what would be the purpose of the subpoena? Also, anonymity is a smoke screen to discourage lawsuits.

[@Back2SquareOne]

Thanks for this video. It has lots of useful info. I had an additional question about the Wyoming LLC Articles of Organization. The form requires both a "Mailing address" of the LLC and a "Principal Office address". Can you use your mail forwarder address for both even though you don't actually do business or have an office at that address? How do you handle this? Thanks again.

[@ClintCoons]

Correct if the service you are using allows it. We provide both when we file the LLC.

[@teachher2fish491]

@@ClintCoons Yeah. I think I'm going to have to visit your website to see if I can even afford a branded mug from you let alone your expertise services🤣 I wonder how many hours at McDonald's, Burger King & Hooters I'll have to work in order to afford you..👈🏾👀🥺😭

[@angelspayments1487]

Great segment really covers it all, Clint is right you can not do this all by yourself- some third parties help with registrations and addresses are needed to make your LLC anonymity bullet proof! Here is Question with a twist on this: Suppose I live in Kentucky. The property to be purchased is a vacation property in state of GA that I do NOT intend to rent. But I still want the anonymity. Can I just purchase the property with an anonymous WY LLC setup & maintained by a third party and leave it in there? Is the answer any different if I do want to rent it later but as a weekly lease (no long term tenants, just seasonal vacationers)?

[@ClintCoons]

Yes you can purchase it with a WY LLC. When you begin renting then you should FF in GA. If you still want anonymity you will need to add an additional WY LLC when you begin AirBnb

[@angelspayments1487]

@@ClintCoons thanks! In the weekly rental scenario what role does the additional WY LLC play? And it's relationship to the other LLC?

[@ClintCoons]

@@angelspayments1487 It does not have a roll with the tenant. It roll is to own the real estate rental LLC.

[@philippedros7752]

Great Tips!! Question, what address do you recommend putting on the Wyoming LLC checks when you want anonymity?

[@ClintCoons]

A PO box or other address not associated to you. When my company establishes a WY LLC we provide our clients with a WY address for this purpose.

[@philippedros7752]

@@ClintCoons thank you!!

[@judithtemblor1329]

Hello Kint! How much do you charge to create an LLC in Wyoming I just like the idea of Anonymity? Thank you

[@KAndy1906]

Great content. What is the cost to put this in place?

[@ClintCoons]

I answered in the other question.

[@reemavemu8494]

Hi Clint, Appreciate your detailed videos. These are very informative. Question: Say I stay in Illinois, but open a WY LLC for anonymity with a RA and a business address in WY. Do I need to pay taxes in IL for the revenue I generate as my residence is in IL? In the even that I need to create a Foreign entity in IL, will it disclose my identity?

[@ClintCoons]

Yes you will pay taxes in IL on the income generated by the WY LLC. If the WY LLC is not conducting business in IL then it will not need to register.

[@tombanks4048]

@@ClintCoons do you have to make a foreign entity?

[@ruthjacques68]

Planning to start a group home. I need thia but how do you market the businesses and remain anynomous

[@lorenzoscirocco9873]

LLC overseas safer or US LLC? which one is better... Great videos

[@ClintCoons]

Depends on how you will be using the LLC. I personally think Dubai is a great place to set up a foreign LLC.

[@27solares]

Hi Clint, very interesting information, regarding maintaining anonymity you mentioned WY does not require personal information therefore they can't disclose it. What about the registered agent? If the RA is for a FL LLC, do the RA's have to disclose information if requested thereby forfeiting the anonymity?

[@ClintCoons]

You do not serve as your own Resident agent.

[@27solares]

@@ClintCoons No the RA in my case would be a CPA, would they be required to disclose information if asked?

[@ClintCoons]

@@27solares Only if subpoenaed

[@edmarpedraza4001]

Great video Clint! I’m creating a LLC soon and want it to be one name as the LLC but for marketing purposes I’d like to be different name. I’ve seen companies do this. My reasoning is because I want my businesses to be under one umbrella but what’s the purpose for other businesses? And do you see any issues with it?

[@ClintCoons]

Not at all. File a DBA with the state or county - depends on where you are conducting business.

[@edmarpedraza4001]

@@ClintCoons thank you!!

[@brandnewnew9905]

isn’t New Mexico the most private?

[@doc4153]

I understand about the subsidiary LLCs being member managed, with the sole member being the Wyoming LLC. But how should the Wyoming LLC be set up? Member-managed or manager-managed? And should you be a member, or a manager of the Wyoming LLC?

[@ClintCoons]

The WY LLC is manager managed and you are the manager of it.