LLC and LTD Overview
An LLC provides liability protection and tax benefits. Most states allow single-member LLCs. LLC ownership can be anonymous in some states like Wyoming. Reporting beneficial ownership will be federally required from 2024.
UK Limited Companies
In the UK, an LTD offers similar benefits as an LLC. An LTD signals reliability. Key LTD differences relate to trading stock and reporting rules. Limited liability and pass-through taxation are main advantages over other structures.
LLC Privacy Measures
LLC owners should use a separate business address to receive mail. Official documents go to a Registered Agent. Their contact details must be public. But members and managers don’t have to be public. To further protect privacy, owners can:
- Remove home addresses from company filings
- Not act as Registered Agent
Tax Considerations and Non-US Owners
Non-US individuals must provide member information for an EIN. S Corp ownership can affect LLC tax treatment. Strategic moves like expansion and liability protection are possible but complex. For privacy, forming an anonymous holding company owning the LLC hides identity.
How to Maintain Privacy and Tax Benefits
- Obtain another business address for mail and packages.
- Remove home address from company filings.
- Don’t be the Registered Agent.
- Open a business bank account.
Anonymous LLC Ownership by State
Wyoming allows LLC owners to remain anonymous. Maine offers some privacy but requires LLC members and managers to be listed on public records.