Is the Owner of an LLC Public Record?

Depending on the state where the LLC is registered, the answer to the question of whether the owner of an LLC is a public record will vary. In some states, the LLC’s founding documents, which are made public records, must include the owner’s name and contact information. Other states, however, do not compel the disclosure of the owner’s information, so it is not made public.

For instance, in California, the Secretary of State mandates that the managing members or managers of the LLC be mentioned by name and address on the articles of establishment, which are a matter of public record. On the other hand, Delaware does not require LLC owners to be disclosed on the formation documents, so the information is not made public.

The decision to form an LLC or a sole proprietorship ultimately comes down to the needs and objectives of the individual. A sole proprietorship is easier to establish and maintain, but the owner is personally liable for all debts and liabilities of the company. An LLC offers the owner’s personal assets limited liability protection, but it also necessitates additional administrative work and continual upkeep.

You can submit an online application through the IRS website to receive an EIN (Employer Identification Number) in South Carolina. The legal name, address, and other identifying details of the LLC must be provided. Using Form SS-4, you can also apply by mail or fax.

Even if your LLC is not profitable, it must nevertheless submit an annual report to South Carolina. To show that the LLC had no income during the reporting period, you can submit a zero-revenue report. If an annual report is not submitted, the LLC may be administratively disbanded and subject to fines.

You can submit your yearly report online through the Secretary of State’s website in South Carolina. Along with paying the yearly report cost, you must include the name of the LLC, the business address, and other identifying information. The annual reporting deadline is normally April 1st.

The information about an LLC owner that is publicly accessible differs by state, in conclusion. Weighing the benefits and drawbacks of both options is crucial when choosing between an LLC and a sole proprietorship. You can submit an application online, via mail, or by fax to get an EIN in South Carolina. Additionally, even if your LLC is not profitable, it must still submit an online yearly report to South Carolina.