Their time is not cheap
Just compare it to non-anonymous LLCs, with or without registered agents, and definitely without law firms or CPAs. You are still looking at least at $100. Registered agents charge an extra $100, and the ones that advertise $25 are lying.
You won't get out of California, Delaware or New York that low at all.
New York forces you to publish the existence of your New York LLC in two newspapers in your county, just to make SURE its not anonymous (in the year 1915). So if you live in New York City you are looking at spending $1,600. California is around $800.
So you are accurate that you can do this yourself, at the same prices I pointed out, but there are several gotchas.
Member = owner
Manager = manager
LLC's can be member-managed or manager-managed.
Now the transaction:
1. Lawyer forms you Anonymous LLC,the sole owner of the LLC is an irrevocable trust and you are the sole manager (the LLC is manager-managed);
2. Obtain an EIN for the LLC using the EIN of the Trust;
3. Attorney will draft you a bank letter, this informs the bank the attorney formed the LLC, is familiar with the organizational structure, and confirms you are the sole manager of the manager-managed LLC (bank letters are also usually required when opening a DE C-corp bank account outside DE)
No matter what, to get an EIN for the LLC from the IRS one owner must apply using SSN; TIN or EIN. The EIN application will be disclosed to the IRS but otherwise is not public record.
Similarly, title holding companies don't need one either.
They pass through all costs and tax deductions straight to me if I wish, their name can be on any property if I wish, and my name is not on them in the state's public databases.
And thats not even with TRYING to be anonymous. If there was a subpoena and some regulator knew who I was, thats fine.
But I also know how to form them in a way where a subpoena would yield no information either.
The classic examples seem to be buying and selling things, but it's hard to imagine how this would work without banks.
Is the idea that it covers you for transactions via contracts/ownership-stakes/other illiquid-instruments-of-value?
Think about it analogous to when you are choosing how anonymously you want to browse the internet:
Don't want your roommate seeing your browsing history? Okay then private browser.
Don't want your roommate seeing URLs you visit by monitoring the router? Okay then TOR.
Don't want a three letter agency running an exploit over TOR that reveals your clearnet IP address? Okay then use Whonix or Tails.
It is similar when deciding how anonymous you want your LLC or surrogate entity structure.
All responsible banks have KYC (know your customer) rules.
They aren't just going to let some company come in and open an account without knowing anything about the people who have signatory authority over the account and funds as well as the source of the funds.
So criminals don't really use banks and anonymous accounts the way you think they do. What they do is operate semi-profitable businesses to launder the money via semi-boring companies that are small enough to not raise suspicion but profitable enough to conceal the sources of funds.
THOSE business accounts are then used to purchase "services and goods" from offshore organizations with their own accounts that are owned by alternative personas.
The idea of a truly anonymous bank account is a myth.
The issue that was faced is that banks could rightfully claim that they had no duty to verify identity and/or the legal status of funds they accepted on deposit. This led to all sorts of shenanigans like fraud, money laundering, and outright theft.
the KYC regulations are a compromise between having the government know EVERYTHING about your financial life. With KYC, it's the bank's duty to know at least a few things about you and your money to make it harder to use the financial system to conduct criminal activity.
I know a lot of folks like to believe in the libertarian paradise where no government can ever exercise power over you and each man is a sovereign unto themselves but the truth is that a true libertarian community wouldn't be someplace anyone wants to live.
For the record, I am a practicing attorney licensed in NY State.
You can go from LLC Name (Foo, LLC) to Registered Agent Name in 30 seconds. You cannot do the same with Company Name to Bank Account (or from Bank Account to Owner Name).
I also use a registered agent for all my LLCs, but you don't have to. You can totally put your own address down when doing paperwork, and then your home address is open to the world.
No, you can just register as a foreign LLC . Notably, you do not have to disclose ownership to do business as a foreign, i.e. non-Californian, entity in California.
Disclaimer: I am not a lawyer. This is not legal advice.
A state business registry does not. Which is why you use / might want a registered agent for your business. But you don't need to do the same thing at the bank (and in fact, I don't think most banks will allow an account without a name and a SSN to tie it back to)
The only step taken to staying anonymous is hiding WHOIS on the domain. But I feel like if someone really wants to sue me they can still send a court order to DNS host or something so I want to limit personal liability if it's stuff that I am just doing for fun.
Another possible use-case for Anon-LLCs is Apple's App Store, apparently the only way you can register an app there is either through your own name or a corp -- using an Anon-LLC is this case would be along the lines of electing a private whois.
Anonymity is not absolute. The simple fact that manager and member names need not be disclosed to Secretaries of States does not make the LLC "anonymous".
Anonymous means having no known name or identity or known source.
Each LLC company must have its organizer, the person registering the company. Organizer may me the member of the LLC or the agent.
Each LLC company must have its registered agent, and such agent must keep information of members and managers ready in their offices, and shall give it to Secretary of State upon request, or to any courts upon court orders. Failures to maintain correct information of the members/managers of the company are penalized.
The title is misleading.
NM looks the most attractive to me right now.
This is definitely the most common reason for anonymous LLCs. For elaboration, think about buying up a ton of crappy property in a specific area. Doing it all under a single LLC with traceable names can cause property agents and banks to notice and raise prices / hold out on existing property that the developer may need.
Rich guy heads his local anti-drug crusading non-profit in Seattle or Salt Lake City. Also co-owns an anon LLC that is in the booming marijuana business.
Basically either way if I have a California LLC or Delaware LLC, I'll still be required to pay California income
tax and the flat $800 a year LLC fee.
Judges in any other state can lean on Delaware court outcomes if their state has never seen the issue before. But what if you don't like the direction the case law went? Then its better for you to create a new outcome in literally any other state.
You think literally all 50+ states' legislatures just sat idly over the last 30 years while Delaware's marketing machine was churning out the non-income-tax-related revenue scheme for their government?
Just think about it for a second, it doesn't matter what the collective conscious currently thinks right now, just think for yourself on it. There are over 50 US jurisdictions that could have any number of things in their law books and case law related to business.
with a UBI will tell the agent and the governor(s) of the LLC.
If you use the current search function on the SOS website like this one :
then you get a group of listing with a click through that does not list the governor(s).
A recent podcast with him: https://inteltechniques.com/wp/2017/01/17/the-complete-priva...
Understanding your adversary is the first step to rational risk assessment.
I'm sure some details there aren't 100%. most people I know using them are privacy freaks so my experience is biased towards that end of it.
The year in the copyright notice is suppose to be the date of the creation of the work or the year in which it was first published, which is not necessarily the current year .
The NGO Global Witness is fighting anonymous companies for years now https://www.globalwitness.org/en-gb/campaigns/corruption-and...
When you run some sort of SilkRoad website, I doubt you can ride it long just because you happen to incorporate in Delaware. After all, its still a part of USA.