MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

Manager managed LLCs: the privacy loophole most miss #shorts #smallbusiness

1 Aug 2026 · 1 min

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1:03

Mark Kohler explains that a manager-managed LLC keeps owners' names private in public filings, while a member-managed one reveals them. He warns against forming an LLC only in Wyoming if your business operates elsewhere: you'll still need to register in your actual state, doubling fees and weakening legal protection.

Chapters

Setting it up and setting up correctly are two different things. Round 2, did you set it up right? Okay, so we'll be member managed. I get confused at any point, I'll ask AI what to do. They've never let me down. You set it up member managed? Okay, you just told the entire world who owns this company. With manager managed, it keeps your name private as the owner without having to refile the articles and expose the ownership to the public. AI didn't mention that, did it? Everybody swears by Wyoming Online, Wyoming. Next. You don't live or do business in Wyoming. Your LLC has to be registered where you actually operate, do business, or own that rental property, or it doesn't protect you. So now you end up paying fees for the state of Wyoming and for the home state where you ultimately register your LLC. What you did when you were setting up your LLC is similar to something I did wrong when I was remodeling a kitchen. I chose the wrong size of the cabinets that downstream changed all of my appliances. It was an expensive mistake.