loopholes in LLC formation?

[Horkos]

yo as y’all know LLC filings always ask for a pile of docs n disclosures. any way to slip through with less paper + more protection? tryna stay low, stay legal(ish), and not spend half my life uploading PDFs

 

[Goodboy13]

yo as y’all know LLC filings always ask for a pile of docs n disclosures. any way to slip through with less paper + more protection? tryna stay low, stay legal(ish), and not spend half my life uploading PDFs

ok so first off — new mexico
doesn’t even require you to list members. zero annual report. it’s like they forgot to finish the law

 

[Horkos]

ok so first off — new mexico
doesn’t even require you to list members. zero annual report. it’s like they forgot to finish the law

wait so I can form an LLC in NM and not even say who owns it??

 

[Goodboy13]

wait so I can form an LLC in NM and not even say who owns it??

yup only the reg agent shows up. everything else? ghost mode you technically exist… but only in spirit

 

[Steven Cohen]

alright but that won’t help if you need asset protection
NM’s anonymous but has weak protection if someone comes knocking

 

[Labrat88]

alright but that won’t help if you need asset protection
NM’s anonymous but has weak protection if someone comes knocking

not everyone’s getting sued by ex-wives and hedge funds, steve

 

[Steven Cohen]

not everyone’s getting sued by ex-wives and hedge funds, steve

not yet

 

[LevelUpLarry]

yo the real play is combo:
NM LLC owns a WY LLC
you get NM’s anonymity + WY’s asset armor
now you’re a shadow holding a shield

 

[Horkos]

yo the real play is combo:
NM LLC owns a WY LLC
you get NM’s anonymity + WY’s asset armor
now you’re a shadow holding a shield

bro I love this sub
one minute I’m googling “how to start LLC,” next I’m building a fkn legal deathstar

 

[Labrat88]

also side note: stop listing “tech consulting” on your filings
say “management services” or “business admin” — nobody audits that sh*t

 

[Goodboy13]

also side note: stop listing “tech consulting” on your filings
say “management services” or “business admin” — nobody audits that sh*t

fr I once wrote “digital monetization architecture” and the agent called me like “wtf is this”

 

[Horkos]

fr I once wrote “digital monetization architecture” and the agent called me like “wtf is this”

LMAO
I wrote “virtual systems deployment” and I’m literally flipping Instagram pages

 

[Steven Cohen]

also, for the love of all things offshore, don’t file yourself
use a reg agent that lets you use THEIR address and keeps your name off anything public

 

[LevelUpLarry]

also, for the love of all things offshore, don’t file yourself
use a reg agent that lets you use THEIR address and keeps your name off anything public

especially if you’re non-US
gov’s already nosey, don’t hand ’em a roadmap

 

[Labrat88]

someone told me you can use a foreign trust to own the LLC
true?

 

[Steven Cohen]

someone told me you can use a foreign trust to own the LLC
true?

yes but that’s the deep end
good if you’re hiding yachts, not if you’re selling AI logos off Fiverr

 

[Goodboy13]

yes but that’s the deep end
good if you’re hiding yachts, not if you’re selling AI logos off Fiverr

damn, guess I’ll cancel the yacht

 

[Horkos]

any risk if I stack like 3 LLCs?

 

[LevelUpLarry]

any risk if I stack like 3 LLCs?

only to your sanity
gov won’t care unless you start wiring 6-figures from Panama at 3am

 

[Steven Cohen]

only to your sanity
gov won’t care unless you start wiring 6-figures from Panama at 3am

or use them to invoice each other like a circular tax merry-go-round