![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1301832/small_1695179091-avatar-leonardr16.jpg?twic=v1/output=image&v=2)
23 June 2020 | 6 replies
My commercial assets are inside LLCs for asset protection and anonymity, not taxes.My scorp owns nothing but I can run ordinary income activities through it.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1803851/small_1695566264-avatar-thomasb442.jpg?twic=v1/output=image&v=2)
21 June 2020 | 1 reply
I like the idea of anonymity and having an income cushion baked into the cake.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1438756/small_1631872836-avatar-joshuamillion.jpg?twic=v1/output=image&v=2)
21 June 2020 | 2 replies
For example, Wyoming is a domicile LLC that is manager ran with anonymity, and other legal entities are member ran that all fall under the domicile LLC.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1438756/small_1631872836-avatar-joshuamillion.jpg?twic=v1/output=image&v=2)
20 June 2020 | 2 replies
For example, Wyoming is a domicile LLC that is manager ran with anonymity, and other legal entities are member ran that all fall under the domicile LLC.The goal is to have one K-1 tax form, which I plan to find a CPA at that point that will grow with our portfolio.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1193486/small_1695511897-avatar-alexanderh51.jpg?twic=v1/output=image&v=2)
24 June 2020 | 3 replies
LLC are mainly for asset protection.The land trust won't change anything tax-wise either, as it is completely disregarded by the IRS.It sometimes helps with the due on sale clause limitation of a mortgage, and also helps with anonymity.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1075083/small_1621887799-avatar-brants.jpg?twic=v1/output=image&v=2)
18 June 2020 | 3 replies
Lending is a business based on relationships, not online anonymity.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1733109/small_1621515123-avatar-lynnb55.jpg?twic=v1/output=image&v=2)
19 June 2020 | 9 replies
(this is what one relative told me all under me swearing to never bring up her name and remain anonymous) Wife passed away, and JOHN DOE remarried wifes bestfriend 6 months after... these 2 brothers hate her, wife 2 recently passed away.its a crazy story , i have not been able to stop thinking about it till i found out about it, and trying to figure out if there is anyway to buy the land, worth about $800k-$1mil for development.Should I go knock on the door of older brother and younger brother?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/895034/small_1621505154-avatar-joelo17.jpg?twic=v1/output=image&v=2)
20 June 2020 | 9 replies
Accountants can give good advice on how to do the expenses.If you want anonymity, you can set up the attorney as initial trustee to switch when assets are transferred and the filings are done.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1416198/small_1621512085-avatar-laurenk51.jpg?twic=v1/output=image&v=2)
30 July 2020 | 13 replies
I though WY was the better one in the West coast area for anonymity?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1801086/small_1621515679-avatar-davidc1334.jpg?twic=v1/output=image&v=2)
4 July 2020 | 1 reply
If you are going for anonymity, go with the latter.