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

Clint Coons Esq. | Real Estate Asset Protection
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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

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17 мар 2021

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Комментарии : 652   
@ClintCoons
@ClintCoons 6 месяцев назад
Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 aba.link/ff3216
@LifeUnlocker
@LifeUnlocker Год назад
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
@Antigone-yp6ht
@Antigone-yp6ht 3 года назад
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
@dasfahrer8187 2 года назад
This is the only video I've found that has addressed all of this. Thanks for posting, it was immensely helpful!
@ClintCoons
@ClintCoons 2 года назад
You're very welcome!
@kevingillies5961
@kevingillies5961 3 года назад
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
@billytheweasel 2 года назад
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
@billytheweasel Год назад
@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.
@darlene622
@darlene622 3 года назад
He said, "if you're using legal doom instead of legal zoom." 🤣
@vjoneofficial
@vjoneofficial 3 года назад
Clint needs a set for a stand up night.
@niyawarner7304
@niyawarner7304 2 года назад
I’m going to need him to go more into detail on that.. don’t hold the important info 🧐
@blaakcoffee
@blaakcoffee Год назад
😂😂😂😂😂😂
@BPoweredLove
@BPoweredLove Год назад
*I mean, not "instead of"
@waltergalaga3379
@waltergalaga3379 Год назад
😂😂😂
@NiOko2013
@NiOko2013 11 месяцев назад
Greatest video out to walk you through the process AND tell you how others have gone wrong. Thank you!
@hithere3609
@hithere3609 3 года назад
GREAT EXPLAINATION! Thank you for sharing. Very thoughtful and detailed.
@stevenbingham3061
@stevenbingham3061 2 года назад
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
@ClintCoons 2 года назад
Thanks Steven. Great point.
@myxcapital4179
@myxcapital4179 3 года назад
Only way to stop/prevent a pandemic, great work Clint!
@tomk2147
@tomk2147 2 года назад
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.
@cherylm2C6671
@cherylm2C6671 3 года назад
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
@ClintCoons 3 года назад
Glad it was helpful!
@emmanuelperez4830
@emmanuelperez4830 3 года назад
Clint great info. Would love to know more on this subject great job on this.
@sandysavard8030
@sandysavard8030 Год назад
I must say Thank You Very much for all your contribution(s).
@seeyouthere
@seeyouthere 3 года назад
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.
@lisakeene1407
@lisakeene1407 Год назад
I had NO IDEA. oh my so thankful you waltzed across my feed. More....
@ban_tik_tok
@ban_tik_tok Год назад
*Clint Coons* is the GREATEST on RU-vid for Business related videos. 90% of the information in this video I had no idea about
@ClintCoons
@ClintCoons Год назад
Wow. Thanks.
@faizmen1
@faizmen1 8 месяцев назад
Great Content, you answered quite a few questions I previously had. Thank you for your time and awesome content.
@ClintCoons
@ClintCoons 8 месяцев назад
Glad it was helpful!
@bossman158
@bossman158 2 года назад
You're a monster with this, keep the info flowing!!!!
@ClintCoons
@ClintCoons 2 года назад
Thanks! Will do!
@InfiniteVelocityUSA
@InfiniteVelocityUSA 11 месяцев назад
Great video. Make sure not to create a DBA with the first LLC or it will disclose the name and break anonymity.
@moe7watson63
@moe7watson63 Год назад
Very informative as I was concerned about the bank wanting our information.
@ClintCoons
@ClintCoons 11 месяцев назад
Glad it was helpful!
@hezekiahbergeron3351
@hezekiahbergeron3351 9 месяцев назад
Thank you for the continuous free content 🙏 Much love
@ClintCoons
@ClintCoons 9 месяцев назад
You are so welcome
@skyf7875
@skyf7875 2 года назад
Great info sir, thanks for having such an informative and concise video!
@ClintCoons
@ClintCoons 2 года назад
Glad it was helpful!
@karinaknighten5406
@karinaknighten5406 2 года назад
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
@ClintCoons 2 года назад
Karina Knighten Thanks for watching.
@sjtheplug
@sjtheplug Год назад
This was great Clint. Keep up the great work.
@ClintCoons
@ClintCoons Год назад
Glad you enjoyed it
@anniechou6371
@anniechou6371 2 года назад
A great video that learning a lot of knowledge about LLC pivotal.
@ClintCoons
@ClintCoons 2 года назад
Glad it was helpful!
@ktessentialstv991
@ktessentialstv991 3 года назад
Learn so much from your videos. Many thanks!
@ClintCoons
@ClintCoons 3 года назад
Glad to hear it!
@alexgoumilevski5864
@alexgoumilevski5864 3 года назад
Thanks Clint for another fantastic video!!
@ClintCoons
@ClintCoons 3 года назад
Glad you enjoyed it
@AlexieBly
@AlexieBly 2 года назад
This was a very detailed video and understandable, thank you
@ClintCoons
@ClintCoons 2 года назад
Glad it was helpful!
@mariefrancois868
@mariefrancois868 2 года назад
Thank you, I learn a lot.
@user-dm5pf6ff1e
@user-dm5pf6ff1e Год назад
Amazing information. You are great! Thank you.
@jovanymatos661
@jovanymatos661 3 года назад
Excellent Clint! Thank you.
@ClintCoons
@ClintCoons 3 года назад
Glad it was helpful!
@AlonzoLivin
@AlonzoLivin 3 года назад
You said it right, Legal 💣DOOM🧨☠️ Lol, Good stuff Clint! #AssetProtection
@OB0685
@OB0685 3 года назад
Thank you for the great content you provide, always.
@ClintCoons
@ClintCoons 3 года назад
My pleasure!
@alliesteam9776
@alliesteam9776 2 года назад
Yes, we like Clint Coons’ educational videos which are very helpful, practical, useful and high quality content. Thanks very much for sharing your expertise!
@Coast_to_Coast
@Coast_to_Coast 3 года назад
Would love to hear more about your new out of state Florida RealEstate protection set up!
@mercyjalpert4494
@mercyjalpert4494 2 года назад
Excellent advise Clint. Thank you.
@ClintCoons
@ClintCoons 2 года назад
Glad it was helpful!
@mikeharmon7299
@mikeharmon7299 Год назад
Thanks Clint soooo informative
@Salriaraj20
@Salriaraj20 Год назад
Thanks, Clint for sharing the asset protection strategies. regards
@ClintCoons
@ClintCoons Год назад
Raj Salaria Thanks for watching.
@dnastable
@dnastable 3 года назад
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
@ClintCoons 3 года назад
Yes. I recut it last Friday after doing some more research. Just waiting for my team to edit it.
@healthfullivingify
@healthfullivingify 3 года назад
Thanks, Clint. These ideas seem realistically able to help become invisible to creditors.
@ClintCoons
@ClintCoons 3 года назад
Glad you think so!
@romygarcia4996
@romygarcia4996 2 года назад
I loved this video. It was so enlightening 🤩
@ClintCoons
@ClintCoons 2 года назад
Thanks
@MhaieLove
@MhaieLove 2 года назад
Thank you, Clint, for this great info
@ClintCoons
@ClintCoons 2 года назад
Glad it was helpful!
@SuperSaiyanATX
@SuperSaiyanATX Год назад
Thank you so much!
@dinachihab2905
@dinachihab2905 10 месяцев назад
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
@ClintCoons 10 месяцев назад
If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession
@awp24
@awp24 3 года назад
Always so insightful Clint! Just had my first strategy session today after coming across your channel. 🙌🏽
@ClintCoons
@ClintCoons 3 года назад
Fantastic!
@giyguyyy
@giyguyyy 3 года назад
Awesome videos! Thanks a ton.
@ClintCoons
@ClintCoons 3 года назад
Glad you like them!
@tjmyers7851
@tjmyers7851 2 года назад
Thank you. Very helpful.
@ClintCoons
@ClintCoons 2 года назад
You're welcome!
@billytheweasel
@billytheweasel 3 года назад
Still producing excellent videos. A+
@ClintCoons
@ClintCoons 3 года назад
Glad you think so!
@organizer14
@organizer14 Год назад
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!
@rcruz401
@rcruz401 3 года назад
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
@ClintCoons 3 года назад
Yes that is a great idea. I will put something together.
@mida2202
@mida2202 2 года назад
Thank you for your work.
@ClintCoons
@ClintCoons 2 года назад
My pleasure!
@tammyrhines
@tammyrhines 2 года назад
Very easy to understand.
@ClintCoons
@ClintCoons 2 года назад
Thanks Tammy.
@samlyons3552
@samlyons3552 Год назад
Huge Thumbs Up !
@angeltorracaofficial
@angeltorracaofficial 2 года назад
GREAT INFO CLINT.
@ClintCoons
@ClintCoons 2 года назад
Thanks 👍
@netlifetoday5193
@netlifetoday5193 3 года назад
Amazing info Clint.
@ClintCoons
@ClintCoons 3 года назад
Glad it was helpful!
@vernellwindfield3998
@vernellwindfield3998 Год назад
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
@vernellwindfield3998 Год назад
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. 😛
@rckstaar7895
@rckstaar7895 3 года назад
Love your videos!
@ClintCoons
@ClintCoons 3 года назад
Glad you like them!
@deltha5105
@deltha5105 3 года назад
Whoa, just fell down a rabbit hole. While I'm here, you have my full attention..
@show_your_teeth
@show_your_teeth 2 года назад
Hey Clint, can you do a video on "Anonymity Planning for operating Agreements LLc's?" your channel is great!! thanks
@ClintCoons
@ClintCoons 2 года назад
Oscar can you give me some more specifics about what is an "Operating Agreement LLC"?
@brad265
@brad265 3 года назад
Great video and explanation
@ClintCoons
@ClintCoons 3 года назад
Thank you!
@Karguy4545
@Karguy4545 2 года назад
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
@ClintCoons 2 года назад
$135 for RA. We can file the articles but what address do you intent to use for the company.
@ako849
@ako849 3 месяца назад
Awesome 👏
@UltimateBargains
@UltimateBargains 3 года назад
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
@ban_tik_tok Год назад
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.
@ronscott6367
@ronscott6367 Год назад
Excellent!
@ClintCoons
@ClintCoons Год назад
Glad you liked it!
@gregm1733
@gregm1733 2 года назад
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
@ClintCoons 2 года назад
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.
@anujchauhan1202
@anujchauhan1202 Год назад
Good work
@SuperWealthyrich
@SuperWealthyrich 3 года назад
Awesome videos !
@ClintCoons
@ClintCoons 3 года назад
Thanks!
@DiscovertourshawaiiLLC
@DiscovertourshawaiiLLC Год назад
Great info thank you
@ClintCoons
@ClintCoons Год назад
Lynne Wood Thanks for watching.
@alliesteam9776
@alliesteam9776 2 года назад
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
@ClintCoons 2 года назад
I like the WST or DST for holding real estate. Are you investing in DE?
@youmayberight2434
@youmayberight2434 3 года назад
I agree. A lot of crazies.
@Darrell_lewis_massage_realtor
@Darrell_lewis_massage_realtor 9 месяцев назад
I used an aka for the ra one time. Banks and marketing companies ASSUMED it was the owner.
@waynecmontgomery
@waynecmontgomery 3 года назад
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
@ClintCoons 3 года назад
Wayne you are correct. Anonymity and credit are not friends. I covered that topic in this video. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-hyEcPuDpgfs.html. Thanks for watching.
@helena4950
@helena4950 2 года назад
I love your Videos.
@ClintCoons
@ClintCoons 2 года назад
Thanks Helena.
@donnaschillinger4129
@donnaschillinger4129 2 года назад
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
@ClintCoons 2 года назад
I agree with the strategy you outlined and I have used it myself on my own flips.
@Joven.videos
@Joven.videos Год назад
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
@ClintCoons Год назад
yes
@starr8111
@starr8111 3 года назад
Mind blown
@Kas_Styles
@Kas_Styles 2 года назад
Thank you.
@ClintCoons
@ClintCoons 2 года назад
You're welcome!
@nygraphs1
@nygraphs1 11 месяцев назад
yes
@alipaparazzi
@alipaparazzi 2 года назад
Hi Clint, great content in this video as always, can this model be use for ANY business? Thanks
@ClintCoons
@ClintCoons 2 года назад
No necessarily. If you are running an active business and looking to build credit, anonymity is not your friend.
@nickarmstrong3660
@nickarmstrong3660 3 года назад
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
@robertmayo5268 3 года назад
I also am interested in this...
@ClintCoons
@ClintCoons 3 года назад
Great suggestion!
@olawrence9621
@olawrence9621 3 года назад
I am also interested in this. I Can't wait to see it
@willyjimmy8881
@willyjimmy8881 2 года назад
@@ClintCoons i'd also like a vid on this topic.
@sheridonna
@sheridonna 2 года назад
Thank you 😊would love to connect to learn more on how to protect my assets
@ClintCoons
@ClintCoons 2 года назад
If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession
@ricksass583
@ricksass583 2 года назад
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
@ClintCoons 2 года назад
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.
@diegomedina3887
@diegomedina3887 3 года назад
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
@ClintCoons 3 года назад
Check out this video and I have a followup coming out in 2 weeks regarding the anonymity. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-QG7eYHVmJi4.html
@toddsmith9649
@toddsmith9649 3 года назад
Excellent
@ClintCoons
@ClintCoons 3 года назад
Thanks
@idanpaz2808
@idanpaz2808 3 года назад
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
@ClintCoons 3 года назад
Correct and either one works for the WY LLC.
@gmx5051
@gmx5051 3 года назад
Can i also use the first llc from wyoming, to create a separate llc for retail ... besides my Llc's for real estate?
@ClintCoons
@ClintCoons 3 года назад
Yes but keep in mind the retail LLC will need to be setup in the state where you are conducting the business.
@brianwoolery7302
@brianwoolery7302 Год назад
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
@ClintCoons Год назад
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.
@juanmsoto5154
@juanmsoto5154 Год назад
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
@ClintCoons Год назад
Yes, absolutely
@jaemarie
@jaemarie Год назад
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
@ClintCoons Год назад
Nothing. The organizer is permanent.
@britcom1
@britcom1 3 года назад
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.
@beetlebee5945
@beetlebee5945 3 года назад
Great video. One question for thought. As the LLC organizer don't they have some control over the entity?
@ClintCoons
@ClintCoons 3 года назад
No they do not.
@beetlebee5945
@beetlebee5945 3 года назад
@@ClintCoons thanks!
@gradosa8272
@gradosa8272 3 года назад
I'm getting my first rental soon.🤔
@judithtemblor1329
@judithtemblor1329 Год назад
Hello Kint! How much do you charge to create an LLC in Wyoming I just like the idea of Anonymity? Thank you
@TearsofJobs
@TearsofJobs 2 месяца назад
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
@ClintCoons 2 месяца назад
Yes it does. You should not file it yourself.
@TearsofJobs
@TearsofJobs 2 месяца назад
@@ClintCoons thank you for explaining this for people.
@nezzr78
@nezzr78 3 года назад
What’s to stop an attorney from sending a subpoena to your firm demanding further disclosure?
@ClintCoons
@ClintCoons 3 года назад
Nothing but what would be the purpose of the subpoena? Also, anonymity is a smoke screen to discourage lawsuits.
@angelspayments1487
@angelspayments1487 2 года назад
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
@ClintCoons 2 года назад
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
@angelspayments1487 2 года назад
@@ClintCoons thanks! In the weekly rental scenario what role does the additional WY LLC play? And it's relationship to the other LLC?
@ClintCoons
@ClintCoons 2 года назад
@@angelspayments1487 It does not have a roll with the tenant. It roll is to own the real estate rental LLC.
@reemavemu8494
@reemavemu8494 Год назад
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
@ClintCoons Год назад
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
@tombanks4048 Год назад
@@ClintCoons do you have to make a foreign entity?
@philippedros7752
@philippedros7752 Год назад
Great Tips!! Question, what address do you recommend putting on the Wyoming LLC checks when you want anonymity?
@ClintCoons
@ClintCoons Год назад
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
@philippedros7752 Год назад
@@ClintCoons thank you!!
@edmarpedraza4001
@edmarpedraza4001 2 года назад
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
@ClintCoons 2 года назад
Not at all. File a DBA with the state or county - depends on where you are conducting business.
@edmarpedraza4001
@edmarpedraza4001 2 года назад
@@ClintCoons thank you!!
@brandnewnew9905
@brandnewnew9905 Год назад
isn’t New Mexico the most private?
@idanpaz2177
@idanpaz2177 2 года назад
Hi Clint, Love your videos :). What are the disadvantages of set up my NV Series LLC to be manager managed by my existing WY Holding LLC ? anyway my name won't appear anywhere, and isn't it correct that this way creditors get less information about the owner of the NV LLC?
@ClintCoons
@ClintCoons 2 года назад
Yes this would work. I guess you would do this to hold you NV properties.
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