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Updated over 1 year ago on . Most recent reply

User Stats

94
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Mike Campbell
  • Investor
  • Champaign, IL
27
Votes |
94
Posts

Anonymous Asset protection

Mike Campbell
  • Investor
  • Champaign, IL
Posted

Hello to all.

I've recently started getting serious about Anonymous LLC asset protection.

Been reading Wyoming is the place for ones LLC\land trust, is this correct.

Like looking for a good car mechanic, but not sure where to go, we ask friends, who they use, and how to go about it.

I'm asking for the same, what do you recommend.

Whom do I call to guide me through this process. 

Thank you in advance for your time.

Mike

  • Mike Campbell
  • Most Popular Reply

    User Stats

    2,855
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    Charles Carillo
    • Rental Property Investor
    • North Palm Beach, FL
    1,958
    Votes |
    2,855
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    Charles Carillo
    • Rental Property Investor
    • North Palm Beach, FL
    Replied

    @Mike Campbell

    Setting up an LLC in a state with LLC anonymity is great for protecting your privacy; however, privacy is really the only additional thing you are achieving. It will not protect you or deter your property from getting sued. If your LLC is sued, you will be required to defend the LLC, your name will then become known, and the plaintiff's attorneys will amend the complaint to include you. Suppose you are personally sued; during the discovery process, you must provide information on all of your income and assets (including your LLCs in any state (with or without anonymity). Anonymity is great, but it only does so much.

    I am not an attorney. Speak to an attorney before making any decision.

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