How to Retain Anonymity for Your LLC in Connecticut
When opening a Limited Liability Company (LLC) in Connecticut, anonymity is an underrated asset many people fail to take advantage of. Anonymity offers several advantages. Among them, sheltering your brand image, protecting your assets, and offering personal security. The guide below aims to dissuade any preconceptions of complexity and reveal how straightforward anonymizing your business is.
One method of ensuring confidentiality begins with opening an out-of-state LLC before establishing your Connecticut LLC. The great state of Delaware is a standout candidate for your preliminary LLC for two main reasons. First, Delaware offers additional privacy for business owners by only publicly listing information pertaining to the LLC’s Registered Agent. Delaware Registered Agents can be hired annually, allowing the owner of the LLC to remain obscured from public view. Secondly, to open an LLC in Delaware, you neither have to be a Delaware resident nor have a physical address within the state. While other states can be potential candidates, these benefits make Delaware an extremely attractive option. Once you’ve established your out-of-state LLC, the next task is opening your LLC in Connecticut. The managerial information normally required to be public is now masked behind the out-of-state LLC.
By performing such a maneuver, you’ve given a layer of defense to your assets. Anonymity offers enhanced protection against creditors or sue-happy people who may be attempting to target you. The threat of litigation is dampened as it is much more difficult to direct a lawsuit against a cloaked entity. Additionally, for someone with diverse business interests, keeping your LLCs as separate entities protects their unique brand identities from overlaps that could distort their image. Brand recognition inspires loyalty and credibility, and an accidental crossover of two distinct brands could have lasting ramifications. Finally, by practicing this method, your personal security is enhanced. Anyone dealing with a large base of customers may have the misfortune of meeting a particularly nasty individual who may harbor some real or imagined vendetta against you. Employing a veil around your LLC can protect you from harassment by any potential ne’er-do-wells.
This double LLC strategy is a viable choice for Connecticut entrepreneurs who would prefer to keep their publicly available information opaque. Despite the ease of this process, consulting an attorney is always a wise decision at the start of your business planning journey.