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!
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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.
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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.
#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.

[@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!

[@hithere3609]

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

[@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.

[@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]

😂😂😂

[@NiOko2013]

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

[@emmanuelperez4830]

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

[@myxcapital4179]

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

[@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!

[@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.

[@sandysavard8030]

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

[@lisakeene1407]

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

[@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.

[@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!

[@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.

[@skyf7875]

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

[@ClintCoons]

Glad it was helpful!

[@bossman158]

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

[@ClintCoons]

Thanks! Will do!

[@jovanymatos661]

Excellent Clint! Thank you.

[@ClintCoons]

Glad it was helpful!

[@mariefrancois868]

Thank you, I learn a lot.

[@user-dm5pf6ff1e]

Amazing information. You are great! 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.

[@hezekiahbergeron3351]

Thank you for the continuous free content 🙏 Much love

[@ClintCoons]

You are so welcome

[@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.

[@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!

[@alexgoumilevski5864]

Thanks Clint for another fantastic video!!

[@ClintCoons]

Glad you enjoyed it

[@mikeharmon7299]

Thanks Clint soooo informative

[@Coast_to_Coast]

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

[@mercyjalpert4494]

Excellent advise Clint. Thank you.

[@ClintCoons]

Glad it was helpful!

[@sjtheplug]

This was great Clint. Keep up the great work.

[@ClintCoons]

Glad you enjoyed it

[@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!

[@AlonzoLivin]

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

[@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!

[@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.

[@MhaieLove]

Thank you, Clint, for this great info

[@ClintCoons]

Glad it was helpful!

[@deltha5105]

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

[@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!

[@netlifetoday5193]

Amazing info Clint.

[@ClintCoons]

Glad it was helpful!

[@moe7watson63]

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

[@ClintCoons]

Glad it was helpful!

[@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. 😛

[@SuperSaiyanATX]

Thank you so much!

[@rckstaar7895]

Love your videos!

[@ClintCoons]

Glad you like them!

[@angeltorracaofficial]

GREAT INFO CLINT.

[@ClintCoons]

Thanks 👍

[@mida2202]

Thank you for your work.

[@ClintCoons]

My pleasure!

[@tjmyers7851]

Thank you. Very helpful.

[@ClintCoons]

You're welcome!

[@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.

[@brad265]

Great video and explanation

[@ClintCoons]

Thank you!

[@SuperWealthyrich]

Awesome videos !

[@ClintCoons]

Thanks!

[@billytheweasel]

Still producing excellent videos. A+

[@ClintCoons]

Glad you think so!

[@samlyons3552]

Huge Thumbs Up !

[@healthfullivingify]

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

[@ClintCoons]

Glad you think so!

[@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.

[@DiscovertourshawaiiLLC]

Great info thank you

[@ClintCoons]

Lynne Wood Thanks for watching.

[@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"?

[@awp24]

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

[@ClintCoons]

Fantastic!

[@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

[@anujchauhan1202]

Good work

[@tammyrhines]

Very easy to understand.

[@ClintCoons]

Thanks Tammy.

[@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.

[@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.

[@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.

[@Clifton-y5b]

not on the meds part ahaha! but great video!!

[@gradosa8272]

I'm getting my first rental soon.🤔

[@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.

[@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

[@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?

[@ronscott6367]

Excellent!

[@ClintCoons]

Glad you liked it!

[@Kas_Styles]

Thank you.

[@ClintCoons]

You're welcome!

[@starr8111]

Mind blown

[@youmayberight2434]

I agree. A lot of crazies.

[@helena4950]

I love your Videos.

[@ClintCoons]

Thanks Helena.

[@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.

[@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

[@Darrell_lewis_massage_realtor]

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

[@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.

[@judithtemblor1329]

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

[@Michael9272ju]

In this example, when you setup WY LLC, I have RA and virtual address, and organizer, but the government still ask for member names in a manager managed llc, is this ok? Does that show up somewhere that creditors can find?

[@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.

[@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!

[@toddsmith9649]

Excellent

[@ClintCoons]

Thanks

[@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.

[@idanpaz2808]

Thanks Clint, I understand from you that as long as I use a 3rd party company to form my single member Wyoming LLC it doesn’t make any difference if it manager or member managed since both do not show on public records, Is this right ? And if it is, does one have any advantage on top of the other ?

[@ClintCoons]

Correct and either one works for the WY LLC.

[@theyoutfr7600]

Bro your videos are helpful💯. So once we make the Wyoming llc the owner of home state llc… The article or organization is showing my Wyoming llc as the only member of my home state llc. However the EIN/irs form is showing my name as sole member… Do I have to update that as well ? That way it shows my Wyoming llc instead of my name ?

[@ClintCoons]

No you do not. That is typical.

[@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.

[@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.

[@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.

[@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.

[@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?

[@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.

[@brianwoolery7302]

Hi Clint, how does the money get disseminated after it leaves the property management company? Which llc receives the P.M.C.information so owner can receive payment? We have multiple properties in 2 states and need to enhance anonymity and assest protection.

[@ClintCoons]

It depends on your PM. Some investors will set up a separate bank account for each LLC and have the PM send payment to the specific LLC. If your PM will not send multiple wires then I would have the WY LLC receive the payment and owner's statement.

[@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

[@ruthjacques68]

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

[@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