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Delaware LLCs take literal minutes and just a small amount of paperwork. We created a LLC because we bought a boat. since my partner wasn’t a US citizen it coul
by yardie 6y ago
Delaware LLCs take literal minutes and just a small amount of paperwork. We created a LLC because we bought a boat. since my partner wasn’t a US citizen it couldn’t be documented with her name on it so we created a LLC who technically owned it and me holding 50.1% ownership.
Any documents to the LLC goes to a POBox in Delaware. There is very little attaching my name to it that you could find without a court order.
- imagine99 6y agoI get that. How would that help you do any money-laundering though? (Not saying that you would do that but that's the subject of the thread ;-)). You couldn't just set up a second or third Delaware LLC and move money back and forth between them with impunity... What I was saying is that I don't see how money-laundering is all that easy anymore nowadays, at least not for any normal person which is not part of a criminal organization (mafia etc.) with lots of members willing to do illegal stuff for them...
- yardie 6y agoLLCs can't hurt nor hinder laundering. I was just pointing out that it's fairly easy to set one up. Developers do it all the time when they are trying to buy blocks of adjacent properties without revealing themselves to competitors or flippers. KYC and AML departments have made it a little more difficult but not impossibly so. I would wager it's gotten even easier with cryptocurrencies.