I need to structure my business for asset protection and anonymity. I operate in Virginia and have several properties there, which are owned by Virginia LLCs. I also plan on forming 2 new LLCs, 1 for new acquisitions and 1 for marketing my buy-and-hold rentals.
I already plan on forming a Wyoming LLC as the parent company that owns these other businesses and properties. However, I'm not sure if the fact that the businesses and properties being owned by Virginia LLCs prevents the asset protection and anonymity that I'm looking for. Should I eventually move the properties into new Wyoming LLCs, or is that overkill? And for the acquisitions and marketing LLCs which have not been formed yet, should I form those in Wyoming vs. Virginia?
I would rather form in Virginia now for easier administrative purposes, only as long as I’m getting the protection that I need. Thanks in advance for the community’s expertise!
