If you want to hide company ownership, make sure you do it right. No lawyer is going to spend months or years trying to figure out what you own, period. After your anonymous trust is in place it will be next to impossible for someone to determine what you own.
If a lawyer is uncertain about whether you own assets worth anything, they won't waste their time trying to sue you. This means it's up to the lawyer whether or not you get sued. People usually get around this obstacle by offering their lawyers part of the settlement. And if they don't have enough money they can't pay a lawyer to sue you. Most of the time the people suing you have little to no money in the first place. People sue you because they want your money. Step #3: Allow Uncertainty to Work Its Magic
#HIDDEN BUSINESS OWNERSHIP DEFINITION SERIES#
Note that you can use this strategy with any type of LLC, including the Series LLC. There will be nothing to associate the assets with your name, shielding you from potential legal action. This means the people who want to sue you won’t be able to access your ownership information in the public records. Another advantage of an anonymous trust is that you don't have to file it with the state. The anonymous trust structure enables you to hide company ownership by listing your company as a member in your LLC’s Articles of Incorporation. If there's nothing they think they can seize from you, they won't sue you. (You have several options when it comes to structuring your business assets.) Anyway, this tactic targets the financial component of a lawsuit.īecause l awsuits only happen when a plaintiff believes they have a reasonable case for seizing assets to cover damages. Yes, believe it or not, you can do that, at least in America. Step #2: List Your Anonymous Trust as a Member of Your LLC What this does is reduce the chance of a lawsuit happening in the first place.
An anonymous trust will attack each of those motivating factors. The probability of a lawsuit happening is based on three separate components: legal, factual, and financial. If you truly want to make your company litigation proof and protect your assets, you need an anonymous land trust.
On the other hand, an anonymous trust can. What it doesn't do is stop the lawsuit from happening in the first place. The Series LLC reduces your liability exposure, which effectively limits the potential damage a lawsuit can do to you. Here are three simple steps you can follow to hide company ownership and prevent lawsuits. When set up correctly, the anonymous trust can be extremely effective at hiding ownership of your company-which in turn prevents you from being sued. With that being said, t he purpose of this article is to introduce the concept of anonymity, and one of the most effective tools for maintaining your anonymity is the Anonymous Trust.
#HIDDEN BUSINESS OWNERSHIP DEFINITION HOW TO#
The main reason you might want to know how to hide ownership of a company is to prevent lawsuits.
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