- Hey guys, in this video,
what I'm gonna talk about is anonymity planning,
creating that anonymity shield
from the standpoint of the things that you shouldn't do,
when it comes to setting up your entities.
Okay, let's get started.
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Okay, so when we talk about anonymity planning,
if you watch the other videos,
I'm really a strong proponent of setting up structures
where you're using an entity
that's been set up in Wyoming or Delaware
to hold all of your other business interests
where you're engaging in passive activities.
Because I really believe that
what are my business is not someone else's business.
I mean, there's just a lot of crazies
out there right now in the world
and you need to take as many steps as you can
to keep your affairs private as possible.
Because you never know when you're gonna run
into that one tenant,
who is just should be on the meds
and they're not on the meds
and you have to evict them
and then they go crazy on you.
I can give you plenty of examples of even on my events,
One of our attorneys recently with an individual
that we were dealing with,
setup fake websites said this person was a sex slave
and put the picture on it.
They did all this stuff to destroy her character
and went after her kids that she found on Facebook.
I mean, this is the type of stuff that takes place right now
on social media
and when you make it so easy to find your assets
you become a target for these individuals.
So if you're wondering why
I'm such a strong proponent of anonymity,
it's because as I stated
my business is my business
and it doesn't need to be anyone else's business.
So when you're creating these entities
if you wanna create that anonymity shield,
then as I've shown you,
you start with that entity down here,
typically it's Wyoming or Delaware.
Any entity that does not collect any state
where you can set up an LLC
and they don't collect any information on you.
That's the key here.
New Mexico's an entity that you could use here
but it doesn't have a strong as protections
as Wyoming or Delaware.
So you create this LLC here,
you set it up,
you're the manager right here,
you're the member down here
and your information is not listed with secretary of state.
You think great,
I'm gonna go out there and I'm going to do this
and set it up.
And then you're going to create
other LLCs in various States
to hold real estate
and those LLCs are all gonna be owned by this Wyoming LLC
that I have on the board here.
And when you create these limited liability companies,
you're gonna set them up as member managed,
member managed.
Now why member managed
and not manager managed?
And if you don't know the distinction,
here's what it is.
In a manager managed LLC,
the manager makes the decisions.
And typically when you set up a manager managed LLC,
their state is gonna ask you to disclose the manager.
Now, Delaware and Wyoming, they don't ask for anything.
So it doesn't matter,
you don't have to disclose it.
But if you're setting this one up
this will say this was in Florida,
this one's in Georgia
and this one's in Colorado.
Well, if you set these up as
manager-manager LLC is they're gonna say,
"who's the manager?"
And if you're the manager,
your name goes out there,
it's a lack of anonymity.
So if you set them up as member managed
then you have to list who the members are.
All right now, if I'm creating this type of structure,
this is the first entity I create
and it's going to be the sole member of all of these LLCs.
So who is the member when I file this entity?
I'm gonna tell them that Wyoming LLC,
Wyoming LLC, Wyoming LLC
and I'll put its name I'm up there.
So nothing traces back to Clint,
that's how we create these structures,
all right, that's the review.
Now here's where we run into problems.
I receive emails all the time
from individuals who tell me
they watch my videos and they go out there
and they try to set up their structures
and they run into problems
and their name's exposed
and what I'm talking about doesn't work.
well, understand that when I'm teaching you
and I'm giving you this information.
It's not always in the context
that you take what you learn from this
and go out and do it on your own
because there's certain things
you just can't obtain on your own
when you're doing setting up the entities.
For example, here's how people blow these structures
with setting up their LLCs
when they're looking for an anonymity.
So on your Wyoming LLC, for instance,
they don't ask who the members or managers are, correct,
but they wanna know this.
Who is this registered agent?
I'm just gonna say, RA.
Every entity you create has to have a registered the agent.
Now if you live in Wyoming,
you could be your own registered agent.
So, you list your name down there
and then you wonder later on,
how did they find me?
I wasn't listed as the member or manager.
I know, but you were listed as a registered agent
and that's how they found you.
Because you chose to use yourself
rather than using a third party.
So we're registered agents in all 50 States
and the reason we provide this service to our clients
while creating their entities
is so that our client's information remains hidden
and they can't trace the entity back to the client.
Now, the other thing that you have to be aware
when you're setting up this structure
is they're always going to ask for the incorporator
or the organizer of the LLCs.
So whenever you set up the LLCs,
even if you create the structure
the way I'm describing here,
when you're filling out the Florida LLCs, their articles
to get them get this company organized,
you're gonna put Wyoming LLC as it's member
and then they wanna ask you, "well, who organizes,
who completed all these documents?"
If you've completed these documents,
then you you won't be listed as a member or manager
but you'll be listed as an organizer
and you'll sign the document.
So all an individual would need to do
is pull up the entity,
look at the articles of organization
and there's your name right there.
That's how they can find you as well
because you choose to set up the entities on your own
and you're the organizer.
So again, you don't want organize your own LLCs.
If you're trying to set up an anonymity structure,
you can't set it up on your own as the organizer,
you need to use a third party.
For example, we set them up,
who does it list as the organizer?
Anderson Business Advisors, one of our staff
is listed as the organizer in there.
So that gives you anonymity.
Okay, the third way in which
they're going to track you back
is through the business address.
So typically you're gonna ask for a business address,
when you set up an entity.
Now, that business address,
if you don't have a P.O box
or an address that is not associated with you.
If you have to use your home address, something like that.
Well, you could get the RA right,
you get the organizer right
but then on that business address line,
you tell the person who's incorporating it for you
say you're using legal doom, I mean, legal zoom
to set this stuff up.
You gonna tell, "hey, here's my my address"
because they need that.
Now you set up a Florida LLC
and you give it a California business address,
which happens to be your home address.
Could you do that?
Absolutely, people do it all the time.
So how does someone track you then?
Only just do an address lookup
and they say, who lives at this address right here?
And guess whose name is gonna show up?
Your name is gonna show up.
So your business address is equally important.
That's why you wanna use a P.O box,
we provide our clients business addresses in Wyoming
or Nevada, where we forward all their mail through.
So again, nothing comes back to the client
that they're able to discern
who's behind this entire structure.
So you have to be aware
of the ways in which people can track you back.
Now, a lot of individuals then once this has been set up
their concerns become,
well, when I open up the bank account
or I have to an EIN letter from the IRS
I've just given up all my anonymity protections.
Well the answer to that is no,
you're not giving up your protections there.
You have to disclose yourself when you obtain your EIN
or when you open your bank account for your entity
and don't be concerned about that.
So we've got a Florida LLC, I live in California
and I wanna get a bank account set up with Wells Fargo,
when I'm living in California for my Florida LLC.
When I go into the bank
I'm gonna give them my home address
or an address I'm associated with in California
because they're gonna require that
or they're not gonna open the account.
Now just because you provide them
your home address for this Florida LLC
for purposes of opening the bank account,
doesn't make it a public record
because no one knows about it.
When you set up the account,
if you're getting the cheques,
you could say, "here's my address here in California
but for purposes of my cheques
I would like to use this address on the cheques.
It could still be done possibly that way for you.
So that type of a structuring
is key to maintaining an overall anonymity shield.
You have to look at where the small things
because many times that's how an investigator
that works for a law firm
is gonna track the entity back to you.
Information with the IRS, the bank
that's gonna be private.
The only way they're gonna figure that stuff out
is if you take your bank statements,
you take your tax returns
and you throw them in the garbage on the curb
and they're doing a little dumpster dive in one night
and they find them inside of there.
All right, creating anonymity shield,
"ha" see it's hard to say,
it's a great plan to protect your identity
and the assets that you own.
Just make sure, you're doing it right.
Hey guys, thanks for watching.
Hope you get a lot out of these videos.
Leave some comments down below, questions you have.
I'd like to respond to those
and if you've got any ideas about other videos
you'd like to learn more about
hit me up with those, send me an email.
Let me know, "Hey, Clint, I'd like to know more about
this type of strategy planning
when it comes to real estate investing."
All right, take care.
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