All Forum Posts by: Michael Aschenbrenner

Wow Guys, Thanks for the help. Let me see if I have this straight:

• 1.)Wyoming LLC is manage by a C-corp that is a 1% member of the Wyoming LLC. This is the public face of the entire operation.
  • a.It acts as landlord
  • b.Manages all companies
  • c.Gives tax advantages of a c-corp
• 2.)Wyoming LLC is Owning/managing LLC of all LLC's
  • a.Holds all LLC's
  • i.Property
  • ii.Business
  • iii.Brokerage accounts
  • iv.Bank accounts
• 3.)Separate LLC's for each property in AZ
• 4.)Separate Grantor/Land Trusts for each property (Land Trusts) (Anonymity) MAnaged by one AZ LLC each
• 5.)Each property is titled into it’s own land trust
• 6.)Make a living trust the 99% holder of my WY LLC
  • a.This trust only purpose is to avoid probate.
  • b.I have also a pour over will and advanced directive.
• 7.)Create a few personal property trusts to mask personal property, i.e. cars, trucks … Do not put personal property into the WY holding LLC, or your AZ LLC's as it may weaken your protection, (A case could be made that the LLC is becoming your alter ego and piercing its veil. )

How does that sound. Anything I am missing, things to change ...

Thanks Weston. Well the Wyoming LLC would not be an Arizona entity, but from what I understand, the Arizona LLC has to be the one my Trusts are linked to, and the AZ LLC has to then refer to the Wyoming one. But you are saying that each property should have a separate LLC, so, with 2 Properties I should have 2 LLC's and so on, with bank accounts for each, if I have 3, then 3 separate bank accounts ... I guess that makes sense ... Is that what you are saying?

Mike S. I am not sure what you are suggesting / why you are suggesting it. Are you suggesting a different LLC for each property? Also, if others do not know of the other properties because they are in different trusts, are they not considered separate entities in the case of a lawsuit? They can sue that one trust but not the other trusts held in the same LLC? I don't know. That's why I am asking.

Ok, been doing my homework ... I am not a lawyer. If someone sees any problems with this, let me know.

Let's see if this makes sense. I'm looking for the ultimate in external and internal protection of my assets in AZ with the least hassle and total anonymity. 

AZ does not offer Series LLC's yet or that might have been an option as well.

Unfortunately, AZ releases the owner and address of LLC's to anyone that asks. (Not good if someone sues me personally.) Since I own the AZ LLC, it is listed on my assets, and anyone suing me can find out the resources of the LLC and attempt to access those resources in a lawsuit. That is, unless my AZ LLC is "owned / managed" by another LLC in a state that does not release that information. Wyoming, Delaware ... Thus I need (2) LLC's for external property protection. One to do business in AZ and another for anonymity and asset protection. Am I making sense so far?

1.) To keep my name off all assets, and yet offer ease of movement into and out of the LLC's for selling assets, I set up a trust to purchase each individual property (And another for every other thing my wife and I own, cars, clothes, Jewelry, guns, cats ...) All Assets of value go into a "Grantor Trust" w/ all individual properties in their own trust. With the trustee being my local AZ LLC.

a.) The individual trusts isolate liability from the "other" trusts, if I am not mistaken, so each properties internal liabilities (Example law suits not covered by insurance) are limited to that individual property. 

b.) Plus they are easy to move into and out of my AZ LLC (Which I need to be able to do business in AZ.) to put back into personal name for easier sales of properties. The Trust is listed as owner of each property.

b.) Liability for each property is limited to that particular trust. If I am correct.

c.) Bankers are used to letting trusts own property for lien purposes. LLC's, not so much.

Does this make sense? Am I overthinking things ... again? All of the forms to create these things are available online. LLC's are legally considered persons and can possess things like trusts.

I would need a bank account for each LLC and a person to act as local trustee in the Wyoming, where I am thinking about having the out of state LLC.

Questions, problems, legal issues ...? Anyone who has done something similar?