Privacy is a fundamental right and intrinsically worth pursuing. It is funny, then, that clients, without prompting, frequently express they are not engaged in illegal activities. The problem is clients desire privacy, but feel odd expressing this.
They inaccurately assume a majority of those seeking privacy are up to no good. In fact, a vast majority of potential clients we interview have legitimate concerns about privacy, and we are happy to help them with the ins and outs of anonymous ownership.
What is Anonymous Ownership?
A number of states do not require the owners of limited liability companies or the agents of a trust to register. This keeps your information out of the government’s hands and out of the public record. Only the attorney who drafted the documents, and your registered agent (preferably the attorney), know your name and information.
The opposite tact is requiring owner names and addresses be available for anyone with an internet connection. It is not hard to imagine why posting your information online is a bad idea. It keeps your personal information private and helps afford some privacy in our digital age.
Why Take Advantage of Privacy
Privacy is fundamental and no justification required for pursuing it. There are as many reasons to desire privacy as their are people. Few want to have their personal information, e.g. name, address, phone etc., posted online for the public to see.
Worse yet, not only is your information online, but it is tied to the assets you own. This makes it easy to see what you own and is the equivalent of posting your banking information on Facebook. In such a scenario it is also easy for your creditors to pursue you as your public profile provides a road map to your assets.
What “Types” of People Establish Anonymous Entities?
Our clients run the gamut from stay at home bloggers to community organizations. In each case, the individual or individuals do not want their activities to be immediately tied back to them.
Often, the reason is as simple as the online company is run from home and the owners do not want to advertise their home address. Other times, the family is wealthy and does not want to paint a target on their back. In each case, their pursuit of anonymity is justified and we are happy to help them.
There is no reason to be shy about wanting privacy. It is natural to shield yourself from public scrutiny and does not mean you are engaged in nefarious activities. Through structuring companies and trusts it is possible to place significant barriers between yourself and those who want to search for your assets.
Interested in learning more? Find out how our trust attorney can help you today.