A limited liability company (LLC) is something you might want to set up if you’re intending to launch a business. A common business structure is an LLC, which shields owners from personal liability while simultaneously granting them tax advantages. However, some business owners might prefer to keep their LLC ownership a secret. So how can you conceal LLC ownership?
The use of a nominee, often known as a “stand-in,” as the LLC’s registered agent and manager is one of the most widely used methods for concealing ownership of an LLC. A nominee is a person or business that consents to represent the LLC in public while the real owner remains unknown. On behalf of the LLC, the nominee executes all contracts and legal paperwork and oversees day-to-day business operations. Even though their name does not show on any public records, the real owner still retains control over the LLC.
The creation of an anonymous LLC in Delaware is another choice for concealing LLC ownership. One of the few states, Delaware, permits business owners to set up an LLC without revealing the names of the LLC’s owners. As a result, the genuine owners of the LLC can maintain their anonymity and their ownership of the LLC is not public knowledge. However, establishing an anonymous LLC in Delaware can be more difficult and costly than doing so in other states. To handle the legal formalities and preserve your anonymity, you will need to engage a registered agent and law firm.
Regarding the subsequent inquiries, Amazon is an LLC. An affiliate of Amazon.com Holdings LLC is the publicly traded corporation known as Amazon.com, Inc. Amazon.com, Inc. and other subsidiaries of Amazon are owned and managed by the LLC.
An LLC may indeed own another LLC. A parent-subsidiary connection is what is meant by this. The subsidiary LLC is owned by the parent LLC, but it is treated as a different legal entity from the parent LLC. Although the subsidiary LLC has its own assets, liabilities, and legal obligations, the parent LLC can nonetheless direct how it operates.
And finally, ought a startup to form an LLC? The solution is based on the startup’s particular requirements and objectives. An LLC can offer its owners personal liability protection, which can be crucial for businesses engaged in high-risk industries. An LLC can also provide flexibility in ownership and management as well as tax advantages. However, depending on their size, finance requirements, and long-term ambitions, some companies may be better suited for alternative business structures, such as a corporation or a partnership.
In conclusion, setting up an anonymous LLC in Delaware or using a nominee both allow you to conceal the ownership of an LLC. These choices, however, have certain financial and legal constraints and might not be appropriate for all business owners. The decision to create an LLC for a startup should be founded on thorough assessment of its unique objectives and requirements. Additionally, an LLC can own another LLC.