(Newswire.net — March 24, 2021) — The information age has seen a growth in the concern for individual privacy. Small Business Genius notes that there are over five hundred million business owners in the world. Yet, with so many people focused on owning and operating their own business, there’s always the concern for privacy. Unfortunately, as companies start to move online, it becomes less likely that those owners will have the ability to protect themselves from prying eyes. Even so, there are several reasons why an entrepreneur may want to keep their business operations private. Many owners have a common misconception that an anonymous LLC is only helpful if the business intends to do something illegal, but that’s not true at all. As more business owners realize, anonymous LLCs have a lot more scope, and there are several reasons one may opt for them over a traditional LLC.
Privacy and Anonymity On a Budget
In the past, the only way that someone could guarantee their anonymity would be by spending large sums of money. Today, however, incorporating an anonymous LLC can be done on a budget. Today’s business owners can’t rely on having their phone numbers unlisted to guarantee their privacy. With so many accounts registered to an individual alongside details collected from social media postings and every other presence a person may have online, it’s simple to see where privacy and anonymity can fall through the cracks. Indeed, with all of this information, tracking or stalking an individual is remarkably simple.
The Availability of Anonymous LLCs
Anonymous LLCs are a solution that business owners can opt for regarding their personal assets and their business. They are a standard method of incorporating a company in several states, including Wyoming, Delaware, and New Mexico. Out of all three of these states, New Mexico offers the most protection to a business owner. Depending on what you’re doing and the sort of business you’re in, your need for an anonymous LLC may vary. Setting up an anonymous company brings many benefits for business owners that want to secure their privacy from prying eyes. However, just because someone owns an anonymous LLC isn’t a free pass to do illegal acts. Business owners risk more than only fines and penalties for doing so. In some cases, they may even risk jail time, depending on the infraction.
The Gray Area of Anonymous Companies
As we noted before, an anonymous company is typically mistaken as one that facilitates illegal business. However, privacy is the element of the business that the owner wants the most. Even if the owner commits illicit acts, they may still find themselves in trouble with the law. Understanding that an anonymous LLC is there to protect the privacy of the owners and not for the facilitation of underhanded business is a crucial understanding and one that many non-specialists miss. Since most companies require a lawyer to help them set up their anonymous enterprises, it’s safe to assume that these lawyers won’t agree to be a party to any illegality. Their reputation depends on it.