This content was created by MARK KOHLER. This content was uploaded by MARK KOHLER. This is a YouTube video titled "Take Your Business Off The Grid: Protect your Money and Boost Privacy!" (created 2021-03-30) featuring Mark Kohler speaking about nominee officers/managers, privacy strategies for Wyoming S Corporations and LLCs, and asset protection techniques. Kohler explains how nominee officers can be used to hide owners (and the risks thereof), how Wyoming allows late filing of statements of information to obscure managers/members, the use of separate LLCs and trusts to shield rental property ownership, and general cautions about control and liability. The excerpt is a spoken segment by Mark Kohler with references to audience questions (Arthur, Darren) and some light personal remarks about his own corporation and sponsorship.
Chapters
Can I have a nominee officer for my Wyoming S Corp? Now, Arthur, this is an interesting question because a lot of people said 15, 20 years ago, Nevada came up with this, and people started to kind of abuse this. And Nevada said, no more. Is that people would say, I don't want anybody to know that I own this company. So I'm going to appoint a different person as manager or officer of my corporation. So if I have this S Corp over here, I would appoint someone as a nominee officer or a nominee manager in almost all the states. No one's going to know who the owner is. I can hide the owner. That's easy. But what Arthur is saying is, can I have a nominee officer? And he says, specifically Wyoming. Here's the deal. Could you hire me to be your officer of your company on public record? Sure. I'm kind of your nominee officer. You've made me to be your officer. But I'm not going to do anything without talking to you. So you can put other people's name down on a company filing as the manager or the officer of your company with their approval in an agreement. Because think about it. You just don't want to slap me on there without talking to me. Because now I'm the officer of your company. I can do whatever. You know, I could go open a bank account in your company's name, theoretically. So you got to be careful making someone an officer of your company just to hide yourself. Now, here's something cool about Wyoming, everybody, and I love it. I can set up a Wyoming LLC as the incorporator, but no one knows who the manager is, the member until I file my statement of information. Sometimes I've had clients get away without listing their statement of information for up to two years. And if all of a sudden they want it, you go, you know what? I'll dissolve the LLC and set up a new one. And that four or five hundred bucks is well worth the privacy. See, in my life, this just me, Mark Kohler. If you want to know my corporation, it's out there. I'll tell you right now the name of my corporation, Mark J. Kohler, Inc. Yeah, it's really unique. I really was thinking on that one. But that's my brand. That's me. I want you to know the name of my corporation. I want you to hire my corporation, our law firm, accounting firm, blah, blah, blah. That's my corporation. But you want to find my rental property. Good luck. See, that's where over on this side of the wall, I. I have LLCs that have nothing to do with my name. I have property deeded to these LLCs. I have trust as owners of the LLC, if I can. I'm going to hide who the manager is. And so this is where camouflage comes into play. And asset protection even more so. So think of it that way. I'm going to crack my Rockstar here. I am now, officially. Well, I want to be sponsored by Rockstar. I love Rockstar. And I really felt I was sponsored because every convenience store I went to got two for $3. I thought that was kind of cool. All right, Darren, what do we.
