Posts

Showing posts with the label LLC

Anonymous LLCs in Online Business: A Legal and Practical Comparative Analysis of Delaware, Missouri, Nevada, New Mexico, and Wyoming

I. Introduction Online businesses often prioritize privacy when forming legal entities to protect owners from harassment, identity theft, or unwanted solicitation. One structure designed to maximize ownership privacy is the  anonymous limited liability company  (“anonymous LLC”), a type of LLC whose public formation documents do not disclose the names of members or managers. This article defines anonymous LLCs, identifies the states that permit anonymity in formation, discusses the laws enabling such filings, and compares the five anonymous LLC states, Delaware, Missouri, Nevada, New Mexico, and Wyoming. It addresses filing costs, annual report requirements, registered agent obligations, the  Organizer  role, and recent developments affecting anonymity—most notably the Financial Crimes Enforcement Network’s (“FinCEN”) Beneficial Ownership Information rule. The article also examines trade name (“DBA”) considerations for online operations where the domain name differs...

Remote Business Services Business Registration Fees

Summary of Wyoming Business Registration Fees This document details the fees and services associated with business registration in Wyoming, offering two distinct packages to meet varying client needs: Absolute Minimum Package ($232.50): Core Services:  Registered Agent setup, Articles of Organization filing, EIN acquisition, Operating Agreement assistance, secure document delivery. Timeline:  2-4 business days. Note:  Requires upfront payment of $1 10 (standard processing for state ). Note:   Requires upfront payment Registered Agent fees $ 25 . Benefit:  5% discount on year-end tax prep (1040 & Sch C). Absolute Minimum plus Expanded Coverage ($320.50): Includes:  All services from the Absolute Minimum package. Additional Services:  Filing FinCEN BOI report, Filing IRS Form 2848 (Power of Attorney), Forwarding & assisting with state notific...

Has FinCEN’s Beneficial Ownership Information Collection Ended Anonymous LLC Filing?

By Staff The rise of limited liability companies (LLCs) in the United States has often been accompanied by concerns regarding anonymity and the potential for misuse in illicit activities such as money laundering and tax evasion. To address these concerns, the FinancialCrimes Enforcement Network (FinCEN) implemented the BeneficialOwnership Information (BOI) collection as part of the CorporateTransparency Act (CTA). This short article explores whether the BOI collection has effectively ended anonymous LLC filing in the U.S. Background: The Corporate Transparency Act The Corporate Transparency Act was enacted in January 2021 as part of the National Defense Authorization Act. Its primary goal is to combat financial crimes by requiring certain entities to disclose their beneficial owners to FinCEN. A beneficial owner is defined as an individual who directly or indirectly owns or controls at least 25% of the ownership interests of a reporting company or exercises substantial control over...