Most states require disclosure of ownership information, and only a handful of states do not.
Examples of states that require disclosure of ownership information include California (CA), Florida (FL), Illinois (IL), New York (NY) and Texas (TX), just to name a few. In such states, you cannot form a company without disclosing who owns the company.
For All States, Except California
To get around this issue, we recommend forming TWO LLC’s. The first would be a holding company, whose only purpose is to own the child LLC. The holding company (or parent) would be an Anonymous LLC who owns a local, transacting LLC in your home state (the child).
The purpose of the child is to conduct business in your home state, to have bank accounts, and do whatever it is you want to do business as. You don’t own the child. You own the parent, and the parent owns the child.
Then, when we register the child in your home state, we disclose the ownership as the parent, thereby preserving your identity.
For California Only
In California only, our recommendation is very similar to the above for all other states, with one important difference.
First, we recommend forming TWO LLC’s. The first would be a MANAGEMENT COMPANY (not a holding company), whose only purpose is to MANAGE the child LLC. The management company (the parent) would be an Anonymous LLC that manages a local, transacting LLC in California (the child).
The purpose of the child is to conduct business in California, to have bank accounts, and do whatever it is you want to do business as. You WILL OWN the child, but the child will be MANAGED by the parent. Parent is a “Member Managed” LLC (no FEIN needed). Child is a “Manager Managed” LLC, with the parent as its manager.
Then, when we register the child in California, we are required to either disclose the owner(s) or the Manager, so we disclose the managing LLC to preserve your identity.
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