Updated almost 2 years ago on . Most recent reply
Land Trusts vs LLCs
Hello all. My understand ing is there are three main approaches to asset protection and anonymity.
1) Wyoming(WY) Holding LLC purchases properties and leases them to individual LLCs (Operating Companies).
2) The WY Holding LLC simply owns the LLCs that each purchase the property themselves.
3) Then theres the land trust. This perhaps is where im most confused. I can create a WY LLC as trustee and name my Operating LLCs as beneficiary. Who is exactly the grantor in this situation? Is it me or the Holding LLC?
What is the benfit of using a Land Trust if the WY LLC provides anonimity?