What is An Anonymous Limited Liability Company?by Derek Marsh Colorado attorney
A limited liability company is a company that registers their business with the Secretary of State and is incorporated. An incorporated business has many terrific benefits that those that aren’t don’t have. It is something that every business owner should consider for their protection of assets and as a better way to do business.
When talking about a limited liability company, you can expect the basics no matter what state you are in. You will have the right to the corporate veil. This implies that all of your assets, including your home, car, and other items aren’t part of the business. Incorporating essentially will split the business from your stuff. You are now two separate entities. While you may act on behalf of the company, none of your assets can be attached to lawsuits or garnishments for repayment of debt.
An anonymous LLC isn’t available in every State. But any business in another state can go to a state that has anonymous registration. For example, in Missouri, there are no unknown LLC options for businesses. But in Colorado there is. You can file for an LLC in Colorado, and do business under that name.
Unlike regular LLCs in most states, the ability to be anonymous offers some great features, but most notably protecting your privacy. When you go to file with the Secretary of State, all that information is made available to the public. This will include your home address and phone number. Instead, with an anonymous LLC, you can choose a registered agent, that is a law firm to be the front of your business. They will accept all legal documents and notices, and if you were to be sued, that is the place the sheriff will go instead of your resident or residence of business.
Law firms like Colorado Trust & LLC Attorney, offer great pricing on their anonymous LLC formation and annual maintenance. For only $199, a business can have its LLC registered, and everything is done online. The only people who will know that you are the business owner is you and the law firm, and because they are a law office, they are bound by the attorney-client privilege. To maintain your LLC, you have to register with the State every year. However, you can opt for Colorado Trust & LLC Attorney to handle all of these things for you, while maintaining anonymous ownership and registered agent for an additional cost. To learn more about these services or learn how to check if a business name is already registered, visit https://coloradollcattorney.com/Colorado-Registered-Agent/Business-Search.
Created on Sep 8th 2019 14:25. Viewed 213 times.