NAME & INDUSTRY ISSUES
NEVADA VS. WYOMING
DELAWARE LLC VS.
NEW MEXICO, LLC
SHELF CORPORATION MARKETING ADVANTAGE
NOMINEE EIN ALERT
Shelf company list: Request the list
THE LIMITED LIABILITY COMPANY
We have new and aged shelf LLCs that are immediately
available. Many of them have names relating to varied industries.
Need a list of our shelf
Many of our shelf LLC's are
from New Mexico, Wyoming and Montana. These states don't require
disclosure of the owners. Although that information is reportable to
the IRS and the bank, these states don't require said disclosure to the
public. This offers several advantages to you.
- An aged LLC extends the same benefits
of acquiring an aged shelf corporation we covered on this website.
Access to credit,
better terms when buying or leasing, increased rate in closing
sales, bidding opportunities, better supply sources and terms, etc.
- If you get sued, the opposing side
will not have immediate access to information as to who is the owner.
This creates ambiguity as to whether
or not it is worth suing you.
- When acquiring the aged
shelf LLC, you are recognized as the original owner. This is
important. Since the state where the company was filed, doesn't
require disclosure of the owners, then you are considered the original
owner when you file the company into your state. Let's say you
live in California, where owners are disclosed on the state or municipal
business license, then you are considered the original owner because
there was no owner reported anywhere or at anytime.
- Enhanced asset
- Did you ever hear of the
charging order protection? Do you know how this form of
protection can help you in times of trouble? In short, the creditor has
only one option to collect and that is to obtain a "charging order"
against your interest in the LLC. That means the creditor is
first in line to get paid from the LLC until the claim is paid.
But then the protection kicks in.
- For this to
work, you need at least one other member besides yourself.
A member is an owner. Therefore, this requires two members
(owners) for this to work. The other member simply chooses
not to admit the creditor in your place. The member didn't
consent to do business with the creditor and can refuse.
We write certain language into the operating agreement that
requires that all the members must unanimously agree to bring in
another member. And the other member may simply disagree
for the creditor to hop into your spot.
- We also changed
the operating agreement to regulate when and how the
distributions are made to the members. This keeps the
- States, such as
Wyoming, doesn't permit for the foreclosure of a member's LLC
interest. As your attorney about this provision in
section provides the exclusive
remedy by which a person
seeking to enforce a judgment against a judgment debtor, including any
judgment debtor who may be the sole member, dissociated member or
transferee, may, in the capacity of the judgment creditor, satisfy
the judgment from the
judgment debtor's transferable interest or from the assets of the limited
liability company. Other
remedies, including foreclosure on the judgment debtor's limited liability
interest and a court order
for directions, accounts and inquiries that
the judgment debtor might have made are
not available to the judgment creditor attempting to satisfy a judgment out
of the judgment debtor's interest in the limited liability company and
may not be ordered by the court.
In 1977, Wyoming was the
first state to pass a Limited Liability Act. This was the first time the
Limited Liability Company (LLC) was introduced to American business. Once the
IRS recognized the LLC can be taxed as a partnership (that is, as a
pass-through entity), all 50 states passed statutes creating their own version
of the LLC.
- For a free report on the
Wyoming LLC and the charging order protection, please visit this
Why a Wyoming LLC?
The Wyoming LLC: The Assets
Are Made Unattractive To The Creditor
The manager of the Wyoming
LLC can refuse to distribute the earnings. (If the operating agreement so
allows.) What is the advantage of withholding the distribution from the
This means that the
creditor is now liable for income taxes on those Wyoming LLC earnings, whether
or not they’re distributed. The hostile creditor is now liable for taxes on
earnings not yet received or for what is typically referred to as “phantom
income.” This places the member in a stronger position to negotiate a
favorable settlement. Hostile creditors don't want to pay taxes on earned
income that's out of reach.
For this charging order protection to be most effective, the Wyoming LLC must
Have at least
two (2) members [Important!] in the Wyoming LLC
Managers can be people or
LLC is taxed as a partnership
LLC is managed by a manager, not the members. [Important!]
NO TAX BENEFIT TO PURCHASING A SHELF CORPORATION OR SHELF LLC.
109 EAST 17TH, #25, CHEYENNE WY