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Updated over 1 year ago,
Wyoming LLC protection
I hear a lot on the internet that no matter how you set up your business structure for asset protection you want to have your main holding company that owns all of your other LLCs out of Wyoming, Delaware, or Nevada for anonymity purposes.. Wyoming is one of the cheaper to set up and maintain. The idea is that if someone goes to look at your locally owned LLC they will just see that a Wyoming LLC owns it and that Wyoming won't give out any owner info to the general public.
This sounds good and all but are there any drawbacks to doing something like this that I am not considering?
Can anyone recommend an attorney who could help properly set this up? Would this possibly be the same attorney who would set up the other LLCs or should I get someone in Wyoming?