Anonymous LLC: What Are The Pros And Cons?

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Clint Coons Esq. | Real Estate Asset Protection

Күн бұрын

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

Пікірлер: 45

@ClintCoons 2 ай бұрын

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

@vballg11 Ай бұрын

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

@tjmbv8680 Ай бұрын

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

@ClintCoons Ай бұрын

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

@goddessgood118 2 ай бұрын

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

@gaiustacitus4242 21 күн бұрын

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

@MsAllie-hf1bh 2 ай бұрын

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

@ClintCoons 2 ай бұрын

Glad to hear it

@ClayJitsu Ай бұрын

great video, thanks!

@EMdaniel-pf9fp Ай бұрын

Keep droping these videos they are quite informative

@ClintCoons Ай бұрын

Thanks, will do!

@martinfelix4203 2 ай бұрын

Thanks a lot.

@kenburgio8070 Ай бұрын

Thanks Clint, this was great information and very helpful .

@ClintCoons Ай бұрын

Glad it was helpful!

@toddp.226 2 ай бұрын

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

@ClintCoons 2 ай бұрын

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

@danlee1027 Ай бұрын

Good info, especially about an active LLC

@ClintCoons Ай бұрын

Glad it was helpful

@PartyInTheGym01 Ай бұрын

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

@ClintCoons Ай бұрын

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

@Marilyn-bk2iw Ай бұрын

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

@curtisclemens9348 2 ай бұрын

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

@ClintCoons 2 ай бұрын

Unfortunately, no. You will need to report.

@danlee1027 Ай бұрын

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

@hwanren 2 ай бұрын

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

@ClintCoons 2 ай бұрын

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

@Marilyn-bk2iw Ай бұрын

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

@ClintCoons Ай бұрын

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

@JXZ-JAM Ай бұрын

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

@ClintCoons Ай бұрын

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

@user-fq5ei6od8p Ай бұрын

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

@ClintCoons Ай бұрын

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

@marinakn2474 Ай бұрын

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

@ClintCoons Ай бұрын

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

@danlee1027 Ай бұрын

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

@TGArthur Ай бұрын

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

@ClintCoons Ай бұрын

It does not

@yashshah4327 Ай бұрын

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

@ClintCoons Ай бұрын

I would because you are still dealing with tenants.