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

[@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

[@Hans_Magnusson]

1:50 my business is my business… I love that statement!

[@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.

[@6789uiop]

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?

[@6789uiop]

@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.

[@Creed3582]

*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.

[@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.

[@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!

[@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.

[@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]

😂😂😂

[@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.

[@lisakeene1407]

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

[@IntrovertedArabi]

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

[@betserv.1187]

In your example, Wyoming LLC is still under the jurisdiction of the US judge. What if you replace Wyoming LLC with a foreign country LLC like Nevis LLC that owns the US LLCs? I suppose, the judge cannot seize the Nevis LLC? Plus, Nevis doesn't disclose the name/owner of the Nevis LLC. Wouldn't that be a better setup?

[@ClintCoons]

Correct and that is why we put a decanting clause in the LLC.

[@dennislagace]

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.

[@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.

[@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.

[@NiOko2013]

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

[@myxcapital4179]

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

[@hezekiahbergeron3351]

Thank you for the continuous free content 🙏 Much love

[@ClintCoons]

You are so welcome

[@InfiniteVelocityUSA]

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

[@sjtheplug]

This was great Clint. Keep up the great work.

[@ClintCoons]

Glad you enjoyed it

[@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.

[@anniechou6371]

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

[@ClintCoons]

Glad it was helpful!

[@JobinNash-w9k]

Amazing information. You are great! Thank you.

[@emmanuelperez4830]

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

[@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!

[@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.

[@Creed3582]

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.

[@moe7watson63]

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

[@ClintCoons]

Glad it was helpful!

[@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.

[@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

[@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!

[@gradosa8272]

I'm getting my first rental soon.🤔

[@deltha5105]

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

[@mikeharmon7299]

Thanks Clint soooo informative

[@kathrynspringsteen_realtor]

There are some creditors and agencies who require a physical address, which you can get with a registered agent.

[@sandysavard8030]

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

[@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.

[@ruthjacques68]

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

[@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!

[@Darrell_lewis_massage_realtor]

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

[@willfinley2683]

Question for ya Clint. Lets say I have a member managed WY holding company that is the member of multiple LLC's in various states that are also member managed. All for real estate, and I am the owner of the LLC's and set them up with anonymity as the goal. I do not use property managers, as I manage them myself. How would I write and sign a lease agreement without signing my personal name?

[@ClintCoons]

You will sign on behalf of the LLCs as the member manager e.g., Clint Coons managing member of WY LLC as its member manager. Better to just appoint yourself as an officer of the rental LLC and sign off as such.

[@mercyjalpert4494]

Excellent advise Clint. Thank you.

[@ClintCoons]

Glad it was helpful!

[@Coast_to_Coast]

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

[@tomm.149]

Clint, thanks for the video. Question: Let's say I have my Holding LLC in WY and my Operating LLC in another state. The member in the Operating LLC is the Holding LLC - as the video suggests. How would I sign contracts and such for the Operating LLC? The only member would be the Holding Company. Thanks for any clarification you can provide.

[@ClintCoons]

You would appoint yourself as a president of the operating LLC and sign as such.

[@tomm.149]

@@ClintCoons Thanks Clint. Would my anonymity still be protected if I were the non-member President of the operating LLC?

[@garrettbremer5171]

Clint, I have a service company and would like anonymity and CO protection. Is the following doable and would accomplish that goal? 1. Create a Wyoming LLC, e.g. Widget Holding Company LLC, manager managed with S Corp Election 2. Create a Texas LLC, e.g. Widget Service Company LLC, member managed with Widget Holding Company LLC as the member.

[@ClintCoons]

Yes

[@alexgoumilevski5864]

Thanks Clint for another fantastic video!!

[@ClintCoons]

Glad you enjoyed it

[@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

[@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.

[@bossman158]

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

[@ClintCoons]

Thanks! Will do!

[@Alex-lk6yv]

Speaking of bank & IRS, if there is creditor, legal case to reveal all your assets, cannot the lawyer ask the judge to get an order to obtain your tax return and bank statement for last 10 years and hence will be able to see your income & assets and where your income is coming from? If the answer is yes, there’s no way to hide from anyone who want to go after your assets.

[@ClintCoons]

You are correct. If a judgement is entered against you and you are brought into a debtors exam, the court can require you disclose.

[@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!!

[@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?

[@hithere3609]

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

[@gmx5051]

Can i also use the first llc from wyoming, to create a separate llc for retail ... besides my Llc's for real estate?

[@ClintCoons]

Yes but keep in mind the retail LLC will need to be setup in the state where you are conducting the business.

[@mariefrancois868]

Thank you, I learn a lot.

[@elaminb1]

If operating a home where the tenant's rent is being paid by a charity organization who wants to be sure the home is in fact mine. How would i go about that??

[@ClintCoons]

Provide a copy of the operating agreement and your EIN letter from the IRS would be a great start.

[@judithtemblor1329]

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

[@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.

[@darrencrisp7656]

Management Type: for the actually Wyoming LLC Member Managed or Manager Managed?

[@angeltorracaofficial]

GREAT INFO CLINT.

[@ClintCoons]

Thanks 👍

[@vernellwindfield3998]

Damn you're good, when you were drawing on the board, and you would explaining yourself and how to do it. I was kind of a step ahead of you and I don't have a business yet, I was saying to myself how they can track you a lawyer a pi and I was almost one step ahead of you and you exactly right this is what people dropped the ball when I get mine started I will be in contact with you in your business and I thank you for these educational videos sincerely yours nblv LLC which is not up yet love you man be good 🙂😄😀

[@vernellwindfield3998]

You can use this if you want to. If you are being tracked in the winter time don't walk on the snow, I think you know what I mean. 😛

[@gethousehero]

Hi, thanks for the good advice.. my question is, I have quite a few LLC's started in Indiana, where I am the manager and or member.. can I form an LLC in Wyoming, and then change the Indiana LLCs to be owned 100% by the Wyoming LLC at this point still, or do I have to create all new Indiana LLC's? I would also change the registered agent, organizer ect in the process.. thanks!

[@ClintCoons]

Yes you can assign your membership interests in your IN LLCs to a WY LLC and you do not need to start over.

[@gethousehero]

@@ClintCoons Thanks so much for the quick reply man I appreciate it! Great video and content

[@brendaartis7237]

What about the Property Deed? Couldn't a investigator theoretically go to a county website and search your name and find all the properties you own in the county via the Recorded Deed or recorded Mortgage which you have to close in you name.

[@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.

[@Salriaraj20]

Thanks, Clint for sharing the asset protection strategies. regards

[@ClintCoons]

Raj Salaria Thanks for watching.

[@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?

[@KAndy1906]

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

[@ClintCoons]

I answered in the other question.

[@jovanymatos661]

Excellent Clint! Thank you.

[@ClintCoons]

Glad it was helpful!

[@danieltarango6484]

Great advice, I have a Question. If I live in Texas and want yo buy real estate in the lower 48 states, am I allowed to have the Wyoming LLC to cover them? Thanks

[@ClintCoons]

Yes, absolutely

[@LifeFer48]

My question is around the liability piece. What happens when one of the llc's that were created under the original holding company gets sued or is liable, would all the other llc's also be liable? Would they go after the holding company and if they go after the holding company would all companies under that holding company be held responsible or can they go after those assets?

[@ClintCoons]

No only the LLC that is being sued is at risk unless you have done something to allow a creditor to pierce it veil.

[@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.

[@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.

[@netlifetoday5193]

Amazing info Clint.

[@ClintCoons]

Glad it was helpful!

[@blain5827]

What is the reoccurring expense of using such a services

[@CianTv1]

How do u file for a DBA in the state of Florida and remain anonymous? A lawyer told me it has to be ur managing member that signs for that

[@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.

[@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.

[@yazelz2197]

Thank you so much!! Will filing a company In WY as a holding company be exposed if this company (filed as an S corp for tax purposes) pays its owner a salary ? Also if the subsidiary LLC in a different state let’s say , WA . do you guys do the register agent or organiser in WA under your name or can I use someone else in this state ?

[@ClintCoons]

Yes we serve as RA in all 50 states. In your situation if would be better if the WA LLC is an S-Corp and the WY LLC member is disregarded

[@yazelz2197]

Thanks Clint. But wouldn’t be this true that LLC can’t own an S corp? Im asking this question because if I have let’s say four properties, each has it own LLC, the Holding company for those properties in WY, then I will be paid by this WY Holding company, instead of getting paid for each company separately?

[@PerfectGardensTV]

what is the difference from a manage or member if the holding company is another llc?

[@ClintCoons]

It does not matter at the holding company level provided neither the manager or members are listed with the secretary of state.

[@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.

[@alliesteam9776]

Delaware ask for all the names of a c corporation, should one set up statutory trust instead for commercial real estate property?

[@ClintCoons]

Yes or consider a WST. See my video on statutory trusts.

[@frankrobinson6615]

How would one cleanup/move an LLC that was setup prior to creating this structure for anonymity? Is it even possible or do you just need to dump the entity and create a new one which would be a headache with existing contracts, accounts, etc.

[@ClintCoons]

Frank check out my response to Talo Tupou.

[@frankrobinson6615]

@@ClintCoons Thanks Clint. I watched your video on LLC anonymity which provided same guidance. Very helpful!

[@ClintCoons]

@@frankrobinson6615 Thanks for watching.

[@Creed3582]

question for *Mr. Coons* : Could you use a virtual business office for these LLC's??

[@ClintCoons]

Yes we do provide this for our clients

[@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.

[@MhaieLove]

Thank you, Clint, for this great info

[@ClintCoons]

Glad it was helpful!

[@tjmyers7851]

Thank you. Very helpful.

[@ClintCoons]

You're welcome!

[@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.

[@PortlandWhiteDoveRelease]

Please make a Video on Oregon Res. Rental house LLC set up, & using it with a Wyoming Holding LLC do you have to reg Wyoming Holding LLC as a foreign agent in Oregon? & BOI reg too

[@ClintCoons]

Yes with the BOI, but no as to foreign filing the WY LLC in Oregon.

[@PortlandWhiteDoveRelease]

@@ClintCoons I ordered yours books Next Level Real Estate Asset Protection & Real Estate Asset Protection + Toby's Infinity Investing finished them all worth reading Thx for reply, a Off Shore asset plan video for a trigger/bridge LLC/trust accounts video to more affordable countries then Cooks Island, Nevis, Cayman Islands and Belize. All way over priced 35k to 150k set up is out of most of our budgets. what are some other countries with way better prices? for LLC or Trust?

[@ClintCoons]

@PortlandWhiteDoveRelease Have you considered Dubai? We have an office there, and the fee is 1/3 or less of what you are mentioning.

[@PortlandWhiteDoveRelease]

@@ClintCoons My visit to Dubai kzbin.info/www/bejne/qnXXi5ynpqeJfMUsi=zxPiND9f0OJF-ouy I took a trip there a few years ago & didn't look at a entity or bank account investments nothing other than gold. Met a few from UK people doing business there & they had bought homes earlier when they use to be cheap, I've been looking there in Dubai, Nevis, Portugal, Belize, Good to know you have a office there, from what I've seen Nevis & thinking of them for a LLC so far banking maybe Singapore or Hong Kong, Dubai in my opinion you need to live there part time & it's over priced for about everything unless you have a job there in that case they pay well in certain fields. What to you think of Mercury Global Acquisition? hear's there's a pause on them. What do you think of Lili & Relay for LLC banking?

[@skyf7875]

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

[@ClintCoons]

Glad it was helpful!

[@tammyrhines]

Very easy to understand.

[@ClintCoons]

Thanks Tammy.

[@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!

[@youmayberight2434]

I agree. A lot of crazies.

[@brad265]

Great video and explanation

[@ClintCoons]

Thank you!

[@flippin0ut]

What happens if the subpoena or depose the registered agent of my Wyoming LLC to find out who the owner is? Great content, thanks!

[@flippin0ut]

Nevermind I read other comments and my question was answered.

[@XVIIWorld]

How do we open a bank account with Wyoming Llc as the holding company for an entity in another state ? How do we prove we are the owner? Also do you provide RA, Address Organizer services in Wyoming?

[@ClintCoons]

You would provide the articles of organization, EIN letter, operating agreement and use your personal address for the bank account address.

[@juanmsoto5154]

Hi Clint. Thanks for your great info. If someone has properties in CA and currently has them in a rev liv trust would it make sense to transfer them into CA llc then have a WY llc own the CA llc and put all llcs into the rev liv trust?

[@ClintCoons]

Yes, absolutely

[@sydneyw1569]

Clint- kudos thanks for this, totally understand the structure. HERE IS A TWIST: So got a Wyoming LLC A, setup via a third party and they are providing a WY business address too. Op agreement for this LLC A is Manager Managed. Planning to purchase property in another state, let's say Pennsylvania. On the forms for that state they don't distinguish between Member or Manager Managed, they just need a registered agent, organizer and business address. Could we just have the WY LLC foreign file in PA via a third party registered agent in PA? Seems like we'd still have anonymity. What is the advantage of setting up a distinct new LLC B in PA? Is there some other disadvantage to our WY LLC A being foreign entity in another state?

[@ClintCoons]

IT would be more expensive to file in WY then register to do business in PA. Better off just setting it up in PA. Also any benefits you obtained from using WY will be lost upon filing in PA.

[@angelspayments1487]

@@ClintCoons We kind of like the idea having a WY agent & business address to give the impression while LLC A is doing business in PA we are from 'out of state'. What benefits are you referring to that LLC A would be lose upon doing a foreign entity filing in PA?

[@ClintCoons]

@@angelspayments1487 Some individuals want to use WY for creditor protections afforded to LLC members of a WY LLC. This benefit does not apply once an LLC is foreign filed in another state if the other state's laws are not as robust.

[@mgmgm5876]

How much time it takes to setup whT you described. Similar. 1 member llc and range cost

[@ClintCoons]

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

[@nvlla11]

can you open a Wyoming LLC after you've already open a Florida LLC and register it as a member or will it still get tracked back.