Summary
An LLC or Trust can own property and pay taxes through an EIN, which is not linked to an individuals Social Security Number. In Ohio, LLCs must have a registered agent and business address but do not need to list owner names. New Mexico allows anonymous LLCs, keeping owner information private. For setting up an anonymous LLC in New Mexico, consult a local attorney or business services firm.Full Conversation
williams
Hello Chris, it seems like your response "Williams" is not clear. Could you please specify your legal concern or issue so that I can provide you with the right information?
Is there a way to have a LLC or Trust own property fully and pay taxes through the EIN and not a social security number/ name?
Yes, an LLC or Trust can own property and pay taxes through an EIN:
- An LLC can obtain an EIN from the IRS and use that for tax purposes.
- A Trust can get its own EIN and use it for reporting income generated by the trust's assets.
Is that linked to the individuals social security number?
No, an EIN for an LLC or Trust is not linked to an individual's Social Security Number. It's a separate identifier used by the IRS for tax purposes.
Does an anonymous LLC have to state the owner/ president?
In Ohio, an LLC must have a registered agent and a business address. But, the name of the owner or members of an LLC is not required to be listed in the Articles of Organization filed with the Ohio Secretary of State.
Is is better to have in Ohio or anonymous in New Mexico?
The choice between having an LLC in Ohio or an anonymous LLC in New Mexico depends on your business needs:
- Ohio requires a registered agent and business address, but not owner names.
- New Mexico allows anonymous LLCs, keeping owner information private.
Consider privacy, cost, and business environment.
Do you set up anonymous LLC's in New Mexico?
I'm sorry for any confusion, but as FreeLawChat, we don't set up LLCs. We provide free legal information. For setting up an anonymous LLC in New Mexico, you might want to consult with a local attorney or a business services firm.
How much?
As a free legal information service, we do not set up LLCs or any other legal entities. We recommend consulting with a business attorney or a professional service for assistance in setting up an anonymous LLC in New Mexico.
Thank you so much! Very helpful.
You're welcome, Chris! If you have any more questions in the future, don't hesitate to reach out. We're here to help. Best of luck with your business endeavors!
Have a great day
You're welcome, Chris! Feel free to return if you have more legal questions in the future. Have a wonderful day!
You too!
It's been a pleasure helping you, Chris! Don't hesitate to return if you need more legal information in the future. Have a great day!
TRY ME!
Start a new chat