Jerry Taylor explains how the Corporate Transparency Act now requires LLCs in Nevada, Wyoming, New Mexico, and Delaware to report their beneficial owners to the federal government, even though these states traditionally allowed anonymous ownership. The information stays private unless a legal investigation demands disclosure.
Anonymous LLCs, are they still going to be allowed under the recent Corporate Transparency Act? Many of you know that states like Nevada, Wyoming, New Mexico, Delaware allow you to create LLCs without disclosing the identity of the owner. This is important for protection from things like frivolous lawsuits. The recently enacted Corporate Transparency Act now requires that every owner of every LLC be reported to the federal government. However, this is to protect against criminal activity and the information is not going to be disclosed to the public at large. So unless there's some type of a legal investigation, you can still maintain your anonymity under an LLC in those states.
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