Too much Anonymity and Financing

[Mike Jones]

With so much information regarding WY, NV, LLCs, multi layer LLC structure, charging order protection, anonymity, asset protection, I am realizing that there isn't a fit all package. Its all comes down to each person's level of tolerance and future goals.

I am concluding that charging order protection with less anonymity maybe the way to go. It will still give protection and make it easier to deal with banks for financing.

That being said, What do you thing about this structure: Single member managed WY LLC as a holding company owning a single manager managed local LLC and I am the manager of the local LLC. Being the manager on the local LLC will allow me to sign documents, have full authority, deal with banks and still have the charging order protection from WY.

I know people are preaching about not having your name on the local LLC (list the name of the holding LLC) but it seems like trying to be 100% anonymous just make thing more complex, and in my case, my state (MA) require to disclose the name of at least one manager or authorized person.

Whats wrong if I was to list myself as the manager on the local LLC??

What do you think?

[Mike Jones]

@Jonathan R McLaughlin

Thanks @Jonathan R McLaughlin

A single member is disregarded for tax purposes. A multi member gives you more protection yes, and the reason to form in WY is because of that WY provides the same protection to a single member llc.

In terms of financing, yes I will have to guarantee the loan regardless. So I don’t think financing would be any harder.

I know people would say oh it’s complicated, don’t do it, no need to, buy on your name etc but I personally don’t find it complicated at all. You own one company that owns another. Taxes flow from instate llc, to parent llc, to you. Yearly Cost to maintain the llc isn’t that bad. We spend more on beer, coffe, cigarettes, or Macdonalds. Just saying.

And I have worked so hard for the past years to acquire what I now have and wouldn’t want someone to come up with some crazy **** just to get paid. The world we live in isn’t nice. I can’t protect at 100% but I can try to make it harder for the bad guy to get it.