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Updated 10 months ago on . Most recent reply

User Stats

9
Posts
1
Votes
Tammy M.
  • Rental Property Investor
  • Texas
1
Votes |
9
Posts

Business checking- LLC funding/capital with anonymity

Tammy M.
  • Rental Property Investor
  • Texas
Posted

Just opened business checking for LLC.

Is it possible to fund your business account and keeping anonymity? Or does it matter?

Banker suggested using check, Zelle or wiring money from bank current bank account but my name will be on the check, wire, etc. 

I am not sure if the initial capital needs to be private or not.

Please give suggestions on the best practice to opening/funding LLC business account (while trying to have anonymity in Texas by using a registered agent.)

Thank you.

  • Tammy M.
  • Most Popular Reply

    User Stats

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    Chris Seveney
    • Investor
    • Virginia
    15,371
    Votes |
    17,864
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    Chris Seveney
    • Investor
    • Virginia
    ModeratorReplied

    Just opened business checking for LLC.

    Is it possible to fund your business account and keeping anonymity? Or does it matter?

    Banker suggested using check, Zelle or wiring money from bank current bank account but my name will be on the check, wire, etc. 

    I am not sure if the initial capital needs to be private or not.

    Please give suggestions on the best practice to opening/funding LLC business account (while trying to have anonymity in Texas by using a registered agent.)

    Thank you.


     You cannot keep a business account anonymous. The bank will require ID and verification etc. 

    I chuckle everytime I see people in real estate want to remain "anonymous" as it is nearly impossible unless you have a boat ton of money to spend on remaining anonymous. 

    Most do not realize the moment they get financing the mortgage/deed of trust is recorded and you cannot sign it "anonymous" or if you use power of attorney, you need to record the power of attorney and you cannot sign that "anonymous".

    I am curious, why do people want to remain anonymous? Are they criminals? Do they think people actually will show up at there house protesting or something?

    • Chris Seveney
    business profile image
    7e investments
    5.0 stars
    16 Reviews

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