The Anonymous LLC is anonymous to the public, not the owner. Therefore if you’re moving money from a domestic bank to a foreign one, you should have the proper paperwork to show that you’re the owner. If not, you didn’t set up your company correctly.
Yes u r right. The anonymous llc for public surely has paperwork of it when setup. Whit ur name on it. (Anonymous because not in public register for public) You can give this to Panamanian bank as in the example given??? I agree whit Ottleylnk entertainment
@@OttleyInkTV I have a Wyoming LLC , your name is not on the corporate docs that are filed with the state, only the registered agents. Anyone can create documents like an operating agreement and say what they want. I am running into this issue right now where a company refuses to acknowledge my ownership of the LLC because of another member.. The company FRESHBOOKS is refusing to give me access to the account and then says I need a court order. 🤔 refuses my operating agreement that sets out definition etc. I asked the state for the application or anything that identifies me and they have nothing.
If an anonymous LLC is a problem when it comes to transferring money abroad, here's a solution: set up a non-anonymous LLC… Strictly for the sole purpose of transferring money abroad.
Well you do have paper work because in Wyoming llc which is anonymous they don't publish your info online but you still get the papers with your name and ownership on it. It just doesn't go online for public to see
The Government such as federal and state know who the owners are in Wy, NV, DE,. The main Information keeps certain information out of hands of lawyers. Keeps those vigorous lawsuits away, from these sue happy people.
@@diamantshala9824 they know everything…they have access to vast sources of information that can pierce the corporate veil silently, but the everyday person and lawyer doesn’t
@@diamantshala9824 The Feds do because of tax filings and now, the Corporate Transparency Act. If you pay state tax your state will too. I care more about plaintiff’s attorneys than the taxman, and my business has no inside liability.
It's like Andrew's topics are always what I need to know. Entrepreneurs in the United States are always drawn to those states that over more anonymity like Delaware, Wyoming and Nevada. It works great if you are only taking payments from within just borders. Once you go international most bets are off. Great video.
@@vinsokukan1879 Well if you watch many of the Nomad Capitalist's other videos he explains that when running a 6 figure business that requires money transfers from all around the globe, banks don't like to do business with you when your company is based in a country(or states) that don't clearly show you as the owner. Go back and watch the last 100 videos and you'll understand.
Your intro music is the best anywhere on CZcams. I wish I could hire you, if for no other reason, for your exceptionally good taste. Best regards, Nomad!
Thank you for the Great Information. I live in CA and have rentals in different States. I need to open a few Operating LLCs in each State to hold rentals there for Liability protection purpose. However, CA has $800 for each foreign LLC (if they consider we operate these LLCs from CA). To counter this, people are saying we can open a Holding LLC in WY, put ourselves are member of this holding LLC. Then, the rest of Operating LLCs (say, 10 of them), we don't list our name as member, but, they will put down my WY Holding LLC as single Member. They said doing it this way, I will only have to pay one time $800 CA Franchise Tax board FEE because I only operate the WY LLC. The rest of 10 Operating LLCs are not under my name, but, they are under WY LLC. Is this Structure valid in term I only have to pay for one time $800? = one Holding LLC in WY to hold all Operating LLCs (say 10) in States ? Thank you so much, Best Regards,
Yes! But if you are doing business in another state (not wy) I would look into setting up an additional LLC in your home state that is own'd by the wy LLC
Is Andrew wrong here???? A anonymous llc will not have names members or owners in a public register, thats fine so for public its anonymous.. But when u setup the anonymous company u do get paperwork that company ir urs and u can ask for notary apostile that will say u r the owner..So u can show paperwork that company is urs to a Panamanian bank????? Did Andrew make mistake?????
Thanks for your video. Would like to ask some questions. I would like to form a Wyoming corporation for anonymity purpose. I also would like to build credit for both and use tax strategies with S Corp and pay myself a salary. Should I form an LLC in Wyoming and file a foreign S corp in California? Does it have to have exact business name? Should I buy property, car and other assets with Wyoming or California company for asset protection? Should I pay myself from which Wyoming or California company?
I don't agree about the ecommerce part like Amazon you can easily make it work and shuffle money from the llc to yourself in another country if you do live in a non taxed country for personal taxes likes the UAE .
I wanted to form an Anonymous LLC / Anonymous LLCs because the music and videos I'm going to produce are going to be so political charged I will be receiving death threats. I will be printing up merchandise such as shirts that people will find religiously and politically offensive to the point that my life would be in danger. I still want ownership of my products which means if somebody tries to steal my work or sample it, I would like to be able to take them into state or federal court. The offensive work I will put out is because I feel this stuff needs to be said, judges and cops alike will be the objects of my offensive targeting.Anonymous LLC states, Delaware, Wyoming, New Mexico, Nevada are what was communicated to me as being best for remaining anonymous. With anonymous llc's, can I still copyright, patent my shirt designs/ slogans, and trademark my image, still remain anonymous, and Sue in either State and or federal court if my music, videos, or merchandise are infringed upon? Can I also Shield myself from government personnel if they feel my lyrics are a threat to them? Do I use multiple LLCs or do I use just one and what would be my best state to utilize? How do I handle the money anonymously?
2:00 It's actually interesting! How do I have a half of a million dollar in the company that I'm not able to prove the name of? Is it anonymous to the extent that nobody can find out?
He is wrong. Anonymous llc will not have name members or owner in public register (for public) As for his example i dont agree because when u setup company u do get paperwork and u can make it notary apostile and so on. So u can show paperwork that company is urs to a Panamanian bank. Did Andrew make mistake?
@Joe Eoj Sorry your right to a point. In Florida, they make you list an owner. They make it impossible to operate otherwise. You go to open a bank account, they look at the secretary of state web sit eto see if you are listed on ther before tthey let you do it.
Wait, why do you need to scatter the internet to find documented proof that you're the owner? Don't you have a certificate or at least documentation that you own and formed the company? - which you can show as proof?
Yep. The operating agreement of an LLC lists the member(s). Also if your LLC is manager managed , the operating agreement will list the members and the manager(s) . Also if you have an LLC, tax returns will have your company’s name on them I believe . I also believe that your EIN application has your name on there . If you form the entity through an attorney or entity forming service (Legal Zoom etc.), you also have the email correspondence trail that links the entity to your personal name too. The anonymity just prevents the general public ( lawyers , tenants, etc.) from seeing that you own the entity . Sure having your name on the Secretary of State website makes it easier to prove that you own the company , but there are other ways besides doing that that helps prove your ownership.
@@wissemaljazairi I would not say that necessarily. Some people may feel more comfortable with having the easier method of verification being on the Secretary of State website . However I have noticed that many times people make videos on CZcams without knowing all the information needed to speak on a topic.
So I do have an update about my comment . Some banks only will look at what’s on the Secretary of State’s website . This is not all banks. I met with my business banker for Bank of America yesterday , and he said that having the operating agreement or bylaws will not help with opening an account with them . They need to see you on the Secretary of State website. However for Novo Bank, I was able to open an account with my anonymous Wyoming LLC with my operating agreement. So again it varies from bank to bank.
@@wissemaljazairi Yes I agree it does depend on who you talk to at the bank. How long ago was it when your friend last opened a business bank account with BOA ?
@@wissemaljazairi Also are you saying that your friend had an anonymous Business entity in which his name was not on the Secretary of State website when he opened the BOA account ? Also BOA policies may have changed since 2018.
The Anonymous LLC is anonymous to the public, not the owner. Therefore if you’re moving money from a domestic bank to a foreign one, you should have the proper paperwork to show that you’re the owner. If not, you didn’t set up your company correctly.
I don't think that is the case.
hernandayolearyallda You don’t think what’s the case? That the paperwork will have your name on it? That would be virtually impossible.
@@alleyhudsonn yes it will
Yes u r right. The anonymous llc for public surely has paperwork of it when setup. Whit ur name on it. (Anonymous because not in public register for public)
You can give this to Panamanian bank as in the example given??? I agree whit Ottleylnk entertainment
@@OttleyInkTV I have a Wyoming LLC , your name is not on the corporate docs that are filed with the state, only the registered agents. Anyone can create documents like an operating agreement and say what they want. I am running into this issue right now where a company refuses to acknowledge my ownership of the LLC because of another member.. The company FRESHBOOKS is refusing to give me access to the account and then says I need a court order. 🤔 refuses my operating agreement that sets out definition etc. I asked the state for the application or anything that identifies me and they have nothing.
If an anonymous LLC is a problem when it comes to transferring money abroad, here's a solution: set up a non-anonymous LLC… Strictly for the sole purpose of transferring money abroad.
Good One 😄
Well you do have paper work because in Wyoming llc which is anonymous they don't publish your info online but you still get the papers with your name and ownership on it. It just doesn't go online for public to see
The Government such as federal and state know who the owners are in Wy, NV, DE,. The main Information keeps certain information out of hands of lawyers. Keeps those vigorous lawsuits away, from these sue happy people.
How does the goverment know if you name isnt on it, i know they know it exists and pays taxes but do they really know you are the benefactor?
@@diamantshala9824 they know everything…they have access to vast sources of information that can pierce the corporate veil silently, but the everyday person and lawyer doesn’t
@@diamantshala9824 The Feds do because of tax filings and now, the Corporate Transparency Act. If you pay state tax your state will too. I care more about plaintiff’s attorneys than the taxman, and my business has no inside liability.
It's like Andrew's topics are always what I need to know. Entrepreneurs in the United States are always drawn to those states that over more anonymity like Delaware, Wyoming and Nevada. It works great if you are only taking payments from within just borders. Once you go international most bets are off. Great video.
what do you mean by "once you go international most bets are off?. I'm interested in how you worded it because it's vague.
@@vinsokukan1879 Well if you watch many of the Nomad Capitalist's other videos he explains that when running a 6 figure business that requires money transfers from all around the globe, banks don't like to do business with you when your company is based in a country(or states) that don't clearly show you as the owner. Go back and watch the last 100 videos and you'll understand.
@@vinsokukan1879 Why are you trolling me? Stop wasting my time. If you can't understand the content on this channel go somewhere else.
Your intro music is the best anywhere on CZcams. I wish I could hire you, if for no other reason, for your exceptionally good taste. Best regards, Nomad!
andrew can you say offshore llc like the nevis llc or the cook island llc, are this 2 llc are the strongest for real estate asset protection?
Thank you for the Great Information. I live in CA and have rentals in different States. I need to open a few Operating LLCs in each State to hold rentals there for Liability protection purpose. However, CA has $800 for each foreign LLC (if they consider we operate these LLCs from CA). To counter this, people are saying we can open a Holding LLC in WY, put ourselves are member of this holding LLC. Then, the rest of Operating LLCs (say, 10 of them), we don't list our name as member, but, they will put down my WY Holding LLC as single Member. They said doing it this way, I will only have to pay one time $800 CA Franchise Tax board FEE because I only operate the WY LLC. The rest of 10 Operating LLCs are not under my name, but, they are under WY LLC. Is this Structure valid in term I only have to pay for one time $800? = one Holding LLC in WY to hold all Operating LLCs (say 10) in States ? Thank you so much, Best Regards,
Sound like you need to consult a real estate attorney and cpa
Every state is its own country as defined in the Internal revenue Code
Okay, but if I’m only operating within the US, is a WY LLC (used to purchase Residential Real Estate) a viable option?
Yes!
Yes! But if you are doing business in another state (not wy) I would look into setting up an additional LLC in your home state that is own'd by the wy LLC
Is Andrew wrong here????
A anonymous llc will not have names members or owners in a public register, thats fine so for public its anonymous..
But when u setup the anonymous company u do get paperwork that company ir urs and u can ask for notary apostile that will say u r the owner..So u can show paperwork that company is urs to a Panamanian bank?????
Did Andrew make mistake?????
Thanks for your video. Would like to ask some questions. I would like to form a Wyoming corporation for anonymity purpose. I also would like to build credit for both and use tax strategies with S Corp and pay myself a salary. Should I form an LLC in Wyoming and file a foreign S corp in California? Does it have to have exact business name? Should I buy property, car and other assets with Wyoming or California company for asset protection? Should I pay myself from which Wyoming or California company?
I have the same question because I live in the same state and I'm still waiting on a answer
Credit and anonymity don’t mix.
your only counter point was moving large sums of money, all at once, the most visible way possible.
I don't agree about the ecommerce part like Amazon you can easily make it work and shuffle money from the llc to yourself in another country if you do live in a non taxed country for personal taxes likes the UAE .
you transfer from bank account to bank account, and even if your company is annonyme, your bank account isn't
What are the good reasons to get one?
I wanted to form an Anonymous LLC / Anonymous LLCs because the music and videos I'm going to produce are going to be so political charged I will be receiving death threats. I will be printing up merchandise such as shirts that people will find religiously and politically offensive to the point that my life would be in danger. I still want ownership of my products which means if somebody tries to steal my work or sample it, I would like to be able to take them into state or federal court. The offensive work I will put out is because I feel this stuff needs to be said, judges and cops alike will be the objects of my offensive targeting.Anonymous LLC states, Delaware, Wyoming, New Mexico, Nevada are what was communicated to me as being best for remaining anonymous. With anonymous llc's, can I still copyright, patent my shirt designs/ slogans, and trademark my image, still remain anonymous, and Sue in either State and or federal court if my music, videos, or merchandise are infringed upon? Can I also Shield myself from government personnel if they feel my lyrics are a threat to them? Do I use multiple LLCs or do I use just one and what would be my best state to utilize? How do I handle the money anonymously?
2:00 It's actually interesting! How do I have a half of a million dollar in the company that I'm not able to prove the name of? Is it anonymous to the extent that nobody can find out?
He is wrong. Anonymous llc will not have name members or owner in public register (for public)
As for his example i dont agree because when u setup company u do get paperwork and u can make it notary apostile and so on. So u can show paperwork that company is urs to a Panamanian bank.
Did Andrew make mistake?
Once you open up a bank account for the Llc in the US. Its over, someone now knows the owner.
@Joe Eoj Sorry your right to a point. In Florida, they make you list an owner. They make it impossible to operate otherwise. You go to open a bank account, they look at the secretary of state web sit eto see if you are listed on ther before tthey let you do it.
Wait, why do you need to scatter the internet to find documented proof that you're the owner? Don't you have a certificate or at least documentation that you own and formed the company? - which you can show as proof?
Yep. The operating agreement of an LLC lists the member(s). Also if your LLC is manager managed , the operating agreement will list the members and the manager(s) . Also if you have an LLC, tax returns will have your company’s name on them I believe . I also believe that your EIN application has your name on there . If you form the entity through an attorney or entity forming service (Legal Zoom etc.), you also have the email correspondence trail that links the entity to your personal name too. The anonymity just prevents the general public ( lawyers , tenants, etc.) from seeing that you own the entity . Sure having your name on the Secretary of State website makes it easier to prove that you own the company , but there are other ways besides doing that that helps prove your ownership.
@@wissemaljazairi I would not say that necessarily. Some people may feel more comfortable with having the easier method of verification being on the Secretary of State website . However I have noticed that many times people make videos on CZcams without knowing all the information needed to speak on a topic.
So I do have an update about my comment . Some banks only will look at what’s on the Secretary of State’s website . This is not all banks. I met with my business banker for Bank of America yesterday , and he said that having the operating agreement or bylaws will not help with opening an account with them . They need to see you on the Secretary of State website. However for Novo Bank, I was able to open an account with my anonymous Wyoming LLC with my operating agreement. So again it varies from bank to bank.
@@wissemaljazairi Yes I agree it does depend on who you talk to at the bank. How long ago was it when your friend last opened a business bank account with BOA ?
@@wissemaljazairi Also are you saying that your friend had an anonymous Business entity in which his name was not on the Secretary of State website when he opened the BOA account ? Also BOA policies may have changed since 2018.
play texas poker then .....lol.... don't do any biz in USA....lol