Privacy and Asset Protection
Privacy is not a dirty word, nor does it mean someone is trying to “hide” from authorities. Even though there are some who want us to think that every bit of information should be open to the public, this is not the case nor the law. Because privacy isn’t about something to hide. Privacy’s about something to protect.
Some people do not want everyone else to know what they own or every business transaction they make, and there is nothing wrong or illegal with that. From an asset protection stand point, privacy is a major part of the foundation of a good sound asset protection strategy.
Many people prefer to hold their assets in single-purpose entities to shield them from lawsuits and the prying eyes of the public or competitors. It is a normal desire for these entities to be private and that is legal.
Wyoming’s law allows privacy. Wyoming does not require that we list the member or manager of an LLC on the State records. Though we are required, as Registered Agents, to know who the person is behind an LLC and must provide this information to the State or Federal authorities, if they request it. It is not however public information that can be accessed by anyone via a web browser.
How we can help with privacy on Wyoming LLC’s
If you file a company on your own, you must list the incorporator’s name and address on the initial paperwork filed with the State. That information is available to the public. This is one of the main reasons that people choose to utilize our services. When we form your company, we are listed as the incorporators and the Registered Agent, so your name and information remain private.
Also, if you purchase a shelf company from us, your name is not listed on the initial paperwork that was filed with the State, therefore you maintain your privacy.
When the annual report is due to the State, on your Wyoming LLC, the person’s name that signs that report is public information. If you hire us as the Registered Agent and you have one of our privacy packages, we file the annual report on your behalf. This keeps your name off of the public record and allows you to maintain your privacy. These packages also include our address listed as the principle mailing address of the company on the State records and so your address remains private. The prices for these private LLC services can be found here.
How we can help with privacy on Wyoming Corporations
The same thing applies to corporations, as far as the initial filings. If you utilize our service, your name will not appear on the formation documents.
But, it is different for a Wyoming corporation in regards to the listing of officers. With a corporation, the State requires that (1) officer or director be listed on the public record. If you do not want to be listed on the public record you would need to use our Public Record Director services. This allows us to put in a temporary director on the public record, which maintains your privacy. The use of this service also allows us to file the annual report on your behalf, keeping your name private and off the public record. The prices for these services can be found here.
We can provide many different types of mail forwarding services. These services can also help with privacy.
We can also provide nominee services through an attorney. The use of these services allows you to keep your name not only off the public record, but also gives you the benefit of attorney client privilege. The attorney can also sign documents on your behalf for the Wyoming LLC or corporation, but he will not sign tax returns. Keep in mind that this service is not meant for privacy from the IRS, as there is no privacy in that area.
When Not to Use Our Services
If you are looking to use a company to do something illegally or unethical, DO NOT USE OUR SERVICES. We will not knowingly help someone form or use a company for any type of unethical or illegal purposes. If we find out that you are using a company for such purposes, we will terminate our services immediately.
A list of our packages and services can be found here.