For years, businesses have chosen to form Anonymous LLCs in Nevada because the state has no corporate income tax.
Nevada limited liability companies are among the nation’s most popular. It began with an aggressive program in the 90s to attract companies to organize there. What attracted business owners to the state was the great asset protection features.
Nevada still remains one of the most popular states, but their increasing fees make other states interesting competitors. Let’s take a deep dive into forming an Anonymous LLC in Nevada and see if this is the state for your business, or if you should consider another anonymous LLC state.
What is an Anonymous LLC?
An Anonymous LLC is defined as a limited liability company whose owners are not publicly identifiable by the state. As far as anonymity goes different states have different solutions.
An Anonymous LLC hides its ownership by being a manager-managed LLC as opposed to the traditional member-managed LLC. A manager-manager, or Anonymous LLC, is where designated members run the business, the rest of the members are passive investors. The names and addresses of the owners do NOT have to be revealed like they do in a member-managed LLC.
How an Anonymous LLC Works in Nevada
Anytime you file LLC articles of organization with a state, you must disclose legal information such as:
- Name of the officers
- Name of the directors
- LLC manager names
- Address
Because of this disclosure and more, business owners appreciate that Nevada doesn't tax business income, capital gains, or inheritance. In addition, it has no franchise taxes. Notably, Nevada also has no information-sharing agreement with the IRS.
How does the owner of the LLC in Nevada remain anonymous?
By identifying itself as the organizer and Registered Agent, the only specific information contained within the Articles of Organization that is published by the State.
Why Would Someone Create
an Anonymous LLC?
There are plenty of good, legitimate reasons for forming an Anonymous LLC. Aside from privacy, identity theft safety and family life privacy are also two big factors that many business owners consider. This is especially true for high-profile individuals that are often part of the public eye or that have professions where enemies are frequently made.
An Anonymous LLC provides all the benefits of a regular LLC, with the additional benefit of not disclosing ownership information on the Internet.
For example, landlords often use Anonymous LLCs to prevent tenants from showing up at their personal place of residence or business.
Full-time employees may start a side business and not want their current employer to conduct an online search and find they are starting their own business on the side.
Business owners may want to own other things that are not linked to their business such as cars, properties, land, boats, and more.
Benefits of Anonymous LLCs in Nevada
Throughout the article, we’ve listed several benefits of forming an Anonymous LLCs in Nevada. Here are a few big ones to help recap the information.
Privacy Protection
Keep your identity, address, personal information, and business dwellings off of the internet with the privacy protection of an Anonymous LLC. Prevent people from publicly knowing you own and operate a business.
Confidentiality
In today’s highly competitive workplace, confidentiality is a must. You don’t want competitors (or anyone else) knowing your personal details.
Harassment Prevention
Those looking for top-notch asset protection and harassment prevention from creditors often flock to Nevada for forming an Anonymous LLC.
Asset Protection
Nevada is known for its asset protection. Assets inside the LLC are not as easily accessible to creditors as personal assets.
Negative Publicity Protection
In case your company gets sued, or your business faces any legal action, an Anonymous LLC allows you to not have to deal with the fallout in your personal life.
How to Form an Anonymous LLC
All documents that are required for a regular LLC are also required for an Anonymous LLC, the only difference is rather than having your personal name and information in the public eye, you’ll have a Register Agent in place.
To file an Anonymous LLC in Nevada, the owner must submit the business's Articles of Organization to the state. This includes information such as:
- The name of the company.
- The duration of the business.
- The registered agent's information.
- The business's level of management.
- The business organizer's signature.
While obtaining an Anonymous LLC can be more difficult than filing for a regular LLC, the benefits are worth it for individuals who value privacy.
Get the Help of a Business Attorney
To engage in any financial transactions, a company must obtain an Employer Identification Number (EIN). This EIN must either be tied to a social security number SSN or another EIN. This creates a paper trail and accountability through tying the actions of the corporation to another corporation or an individual.
When you work with a trustworthy lawyer, you add an additional layer of privacy. Lawyers can help battle situations on your behalf efficiently and silently. Whether it’s a lawsuit or an attempt to harass you professionally or personally. Most importantly, when you form an Anonymous LLC in Nevada, you know that your assets are protected by the best state laws.
If you think you could benefit from creating an Anonymous LLC in Nevada then get the help of an experienced business attorney. Our experts can walk you through the process and help keep your business endeavors private.
