An LLC is useful for two things: anonymity and legal protection.

An LLC is useful for two things: anonymity and legal protection.

I gathered all my notes in a 50+ pages document touching on the formation and maintenance of LLC and business structures, transferring assets, protection strategies, trusts, anonymity, insurance, levels of protection, etc. including when you should do it, how many properties per LLC, due on sale clause, selecting an attorney, fees, checklists and resource materials.Doc: https://www.biggerpockets.com/files/user/CosIorg/file/tritoriam-fileAsset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for complete asset protection OR the domains that need to be intersected to find asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-spectrum-diagram (this is more of a joke depicting the nebulosity of asspro rabbit holes).How a fully implemented asset protection layout might look. - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-structures (overwhelming and overkill for a newbie in REI)PS.

Probably because someone on BP or YouTube suggested it without any evidence to back their claim.An LLC is useful for two things: anonymity and legal protection.

Quote from @Mike Dawson: An LLC is useful for two things: anonymity and legal protection.

Bitcoin was intended to be an anonymous currency, almost more of a proof of concept than anything else...

There isn't a need to message through AirBNB at any point. well I dont see where they post their website on air bnb  and I dont have instra gram or know how that works. so to me they are quite anonymous..

Is this true that you are no longer able to have anonymity even in Wyoming? 

@Ray Detwiler  You are overcomplicating this process and it appears you are confusing anonymity and asset protection.

Quote from @Carlos Ptriawan: for example, the following are the sample request from GP to LP when they ask loan modification to occur :I changed some word to make this remain anonymous********As GP we had negotiated the following loan modification conversations with the mortgage lender spanning the past year that successfully reduced the accepted principal repayment from the original $2X million loan balance to most recently to $1 million.