Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 7 months ago on . Most recent reply

User Stats

94
Posts
27
Votes
Mike Campbell
  • Investor
  • Champaign, IL
27
Votes |
94
Posts

Anonymous Asset protection

Mike Campbell
  • Investor
  • Champaign, IL
Posted

Hello to all.

I've recently started getting serious about Anonymous LLC asset protection.

Been reading Wyoming is the place for ones LLC\land trust, is this correct.

Like looking for a good car mechanic, but not sure where to go, we ask friends, who they use, and how to go about it.

I'm asking for the same, what do you recommend.

Whom do I call to guide me through this process. 

Thank you in advance for your time.

Mike

  • Mike Campbell
  • Most Popular Reply

    User Stats

    2,827
    Posts
    1,930
    Votes
    Charles Carillo
    • Rental Property Investor
    • North Palm Beach, FL
    1,930
    Votes |
    2,827
    Posts
    Charles Carillo
    • Rental Property Investor
    • North Palm Beach, FL
    Replied

    @Mike Campbell

    Setting up an LLC in a state with LLC anonymity is great for protecting your privacy; however, privacy is really the only additional thing you are achieving. It will not protect you or deter your property from getting sued. If your LLC is sued, you will be required to defend the LLC, your name will then become known, and the plaintiff's attorneys will amend the complaint to include you. Suppose you are personally sued; during the discovery process, you must provide information on all of your income and assets (including your LLCs in any state (with or without anonymity). Anonymity is great, but it only does so much.

    I am not an attorney. Speak to an attorney before making any decision.

    Loading replies...