3 ms·
IANAL but my understanding is that 1) it keeps your activities private when doing business as the LLC since no one has to disclose the owner of the LLC and 2) t
by colbyh 9y ago
IANAL but my understanding is that 1) it keeps your activities private when doing business as the LLC since no one has to disclose the owner of the LLC and 2) tax liabilities are not passed to the owner of the LLC, so if a business deal goes underwater the creditors can't pursue you personally.
I'm sure some details there aren't 100%. most people I know using them are privacy freaks so my experience is biased towards that end of it.
- sillysaurus3 9y agoIt would've prevented https://www.youtube.com/watch?v=_8fU2QG-lV0 https://www.youtube.com/watch?v=_8fU2QG-lV0 from getting caught. Not that that's a good thing, but it's an example of the type of business an anonymous LLC would be used for.