Posted this in the original thread but I'm not subbed there so I don't know how active it is, so I'm reposting here for visibility:
I don't know anything about the rest, but I do have a fun fact about Wyoming LLCs. If you register a business in Wyoming via a registered agent service, particularly an attorney running a registered agent service, you're essentially judgement-proof. You have the registered agent set up your LLC, you have attorney-client privilege so they can refuse to tell anybody anything about you. Hypothetically someone sues your business, the registered agent accepts the subpoena service. Then they pass that on to you, but you just ignore it, never show up to court, court enters a default judgement. Cool. Your info is never seen by the state, the court doesn't have your personal info, none of your assets are listed to the LLC, your registered agent isn't giving you up because of attorney-client privilege. As long as your opsec is good, the plaintiff won't be able to identify you or your assets and will be left holding their dick. At least this is how it was explained to me.
A properly formed company is recognized as a separate legal entity with its own Federal tax ID Number. Undergoing this process brings several asset protection benefits. Limited Liability Companies protect assets in two ways. The first is the protection of personal assets from business creditors. This is referred to as the corporate veil. The second is the protection of business assets from personal creditors.
Most states provide little or no protection in this regard, thus placing your business at risk. Wyoming LLCs do provide this second type which is called charging order protection.
Posted this in the original thread but I'm not subbed there so I don't know how active it is, so I'm reposting here for visibility:
I don't know anything about the rest, but I do have a fun fact about Wyoming LLCs. If you register a business in Wyoming via a registered agent service, particularly an attorney running a registered agent service, you're essentially judgement-proof. You have the registered agent set up your LLC, you have attorney-client privilege so they can refuse to tell anybody anything about you. Hypothetically someone sues your business, the registered agent accepts the subpoena service. Then they pass that on to you, but you just ignore it, never show up to court, court enters a default judgement. Cool. Your info is never seen by the state, the court doesn't have your personal info, none of your assets are listed to the LLC, your registered agent isn't giving you up because of attorney-client privilege. As long as your opsec is good, the plaintiff won't be able to identify you or your assets and will be left holding their dick. At least this is how it was explained to me.
From Wyoming LLC Attorney:
Wyoming LLC Asset Protection https://wyomingllcattorney.com/Form-a-Wyoming-LLC/Asset-Protection