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What Are The Levels of Anonymity for Your Investments - YouTube
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hello everyone and welcome to another
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episode of coffee with carl i am your
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host carl zellner i'm one of the
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attorneys with anderson business
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advisors uh today i want to talk about
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our anonymity expectations
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so we talk a lot about anonymity in our
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free content we put out there uh which
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is a great time to remind everybody if
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you haven't yet please like and
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subscribe to our youtube channels it
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just helps us know that we're putting
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out useful information and that people
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are enjoying it so we'll continue to do
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it
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anonymity expectations let's talk about
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some of these pieces and we'll also talk
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about
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you know the realities on some parts
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because this tends to be one of the
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questions or several of the questions
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that lots of people tend to ask
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and yeah there's some limitations so
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with anonymity
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it's an awesome tool that's out there it
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is most appropriate for your passive
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investments right so if we've got rental
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properties if we've got something where
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we're not sort of constantly interacting
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with the outside world that's where it
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tends to be most appropriate now you can
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get levels and layers of anonymity even
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through your active investing
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uh what comes to mind is say i had an
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llc
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uh usually if we're doing like flips or
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wholesaling something like that
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we want that to run through something
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with corporate tax status so that way we
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can get the advantage
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well the advantage
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of having it treated correctly as well
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as avoiding the disadvantage of dealer
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status
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but if i'm looking for a level of
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anonymity there what i could look at is
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an llc taxed as a corporation
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so at the state level when i'm filing
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with the secretary of state if my
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wyoming holding company is the member of
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that llc
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now i've got a layer of anonymity on
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that llc itself
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but
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i also have that
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corporate tax status so i'm not being
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tagged as a dealer and i'm running the
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income through the appropriate entity
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for active investing so kind of the best
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of both worlds there i would say overall
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if i'm comparing between a traditional
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corporation and llc tax as a corporation
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tend to like the llc route just for a
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little bit more ease of use it's not a
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huge differentiator uh but it can be
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useful like i say llc taxed as though we
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can take some of the benefits of the
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anonymity that's available to llcs uh
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difference between the llc and a
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corporation is
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normally within a traditional
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corporation you're not listing the
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shareholders so the owner somewhat
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becomes
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irrelevant however you do generally list
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the board members or some sort of
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principle for the business so it
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you don't get usually don't get a ton of
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anonymity with a corporation
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um but with an llc tax as a corporation
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there may be a level there now
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practically it's sort of a strange world
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on the active investing side because
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this is where most
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you know people clients will actually be
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handing out business cards you know
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you're you're acting on behalf of the
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business so the reality is even within a
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traditional corporation
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to get a layer or a level of
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i don't know i guess separation between
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the owner and the business a lot of
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times we're going to go ahead and
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suggest you use a business card that's
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read something like president or vice
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president right that's your officer
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position within that traditional
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corporation
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so that doesn't designate ownership but
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it does designate that you are able to
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make decisions and bind the business to
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those decisions so anybody working with
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you
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would be able to rely on you know sort
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of your handshake
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or your agreement on behalf of your
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business but it doesn't designate that
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you're specifically the owner so that's
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why i say there's a practical aspect to
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anonymity especially when you start
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talking about the active business in
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that you're going to be interacting with
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people and they're going to know that
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you have the ability to commit your
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business
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when we look at the passive side of
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investments when you're purchasing a
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property putting it up for rental you
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could be running it through a property
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management company in which you're not
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you know third-party property manager
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you really can
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accomplish a bit more anonymity because
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everything else is basically it's just
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someone in an investment in which you're
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getting a return right i mean if i have
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a third-party property manager not
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directly dealing with the tenants
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so really it's just a pay you know a
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check that comes in the mail once a
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month this to me me personally in my
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opinion is where the anonymity is most
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valuable because now you're creating
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that separation in that descend
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um that layer of anonymity for your
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mailbox money right this is the stuff
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that'll just hopefully be rolling in
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consistently over long periods of time
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and really no hopefully no not a ton of
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interaction with third parties tenants
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things like that
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so i like anonymity like i said that you
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can extend some of it
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to even active side of your business
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however there's some pr
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it's not
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let's say unnoticed by a lot of folks
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that there's a practical aspect to it
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that if i'm running an active business
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i'm the one out there shaking hands you
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know networking making commitments on
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behalf of the business so it's not i
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don't get to sit and you know sit in my
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lazy boy and nobody knows about it while
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i'm earning money so that's more the
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passive side and on the passive side is
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where that anonymity becomes really
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valuable especially when you start
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talking about they can't you know people
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are going to have a very difficult time
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number one figuring out what you own
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period number two is if something
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happens
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figuring out what else you own becomes
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that much more difficult as well
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so like i said anonymity is a really
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cool tool out there but i did want to
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address the active business side because
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the question does come up
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you know pretty frequently so there's a
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layer there but yeah the practical
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aspect is you're still out there shaking
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hands but remember to shake hands as an
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officer
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of the company not as the owner of the
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company you still have the ability to
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bind the business as an officer if it's
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a traditional corporation or even if
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it's an llc so that's not a problem it's
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really just about
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controlling the amount of information
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you're sort of handing over to people
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willy-nilly so
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i hope this helped to answer instead of
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set a realistic expectation as far as
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the anonymity goes like i said it's a
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great tool out there it's most valuable
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for your passive assets but there is a
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level you can utilize in your business
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so i would encourage anybody who has
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more questions about that
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we do offer one of one of our you know
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classes we're certainly teaching online
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at this point
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our structure implementation series goes
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into this in a bit more in depth teach
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you how to use things where to do your
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business cards items like that so we
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want you to make sure you're taking
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advantage of that continuing education
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certainly if you're an existing client
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if you're somebody who's watching this
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for the first time
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certainly you're always welcome to reach
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out we do a we offer a free consultation
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for anybody who wants to call in we'll
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do your wealth planning blueprint which
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is the visual depiction of what we would
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suggest you're doing and you can ask
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questions during that consultation as
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well so we try to be readily accessible
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to our clients and potentially new
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clients
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and otherwise please keep taking
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advantage of all the free content out
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there once again i'll remind you to uh
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subscribe and like and share with a
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friend if you're enjoying the free
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content out there uh toby michael clint
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who are the partners of anderson put out
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a ton of free content
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as well as we do those one day free sort
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of
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intense classes or boot camps on sort of
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hey here's sort of generally what you
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need to know about tax and asset
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protection certainly we can't get it to
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you all in one day but we tend to like
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to break it up into different pieces as
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well so until next time thank you all
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for uh joining me on this i would
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suspect slightly longer episode of
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coffee with carl it's been great and i
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would continue to keep uh encourage you
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to continue to keep watching and like
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and subscribe if you're enjoying the
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content thanks everybody
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