I live in Delaware and I know that over 60% of the Fortunate 500 businesses are incorporated in Delaware. Also Trump has over 300 of his 500+ legal businesses incorporated in Biden’s “home state” of Delaware. One last thing, Hillary Clinton and Donald Trump both have businesses that share the same exact business address in Wilmington, Delaware. Almost forgot, Delaware also has four (4) art ports which are basically considered international neutral zones like in Geneva, Switzerland and these art ports allow owners of priceless art to forgo paying certain taxes on their works of art. Did I mention Delaware also has no sales taxes? Well, we don’t. Delaware is truly business friendly, folks.
@@LifeDL You do realize corporations control our government, don’t you? And as such, these corporations (which incidentally, have been endowed with our very same human rights) create and establish policies with built-in, self serving loopholes. Biden is simply a corporate democrat who replaced another ‘former’ corporate democrat turned corporate republican, trump.
Yes but you won’t have total anonymity because the state you had filed your LLC most likely wasn’t Delaware, Wyoming, Nevada etc. and so there will be a record of your name on past filings even if your new setup is now in Delaware. Like you name won’t immediately come up when you search the Delaware Corporate search but your name can be found under past files on the same screen (ie see filings). It would show that you were registered in another state and mention your name under than filing.
I just wanna say I like the content but you still said anonymity wrong lol, much love brother, I love what you're doing and I'm learning from it so I hope you keep it up. If you see this I hope you have a great day
Hi, as a foreing not living at US, i'm planning to create a sole member LLC, would I need to apply for the ITIN number? I heard that it is mandatory to use the Stripe and Paypal platform, thanks for your information.
Not tryin’ to be a hater, but chancery has a long “a” as in and not a short “a” as in apology. ( unless you’re British or Australian, of course) Every superior court in the nation has an chancery division, which deals with matters of equity, as opposed to matters of money as in the law division. You’re the best, dude. Thank you for your presence!
Question? If I already open an LLC in my state and want to change it to Delaware without changing the name. Could I do so or would I have to start a new entity all over again?
For Amazon business - do we need any reseller cert if LLC registered in Delaware? Delaware does not have any sales tax laws. I guess they use 'gross receipts' method? In Delaware LLC case, can we still proceed w FBA without uploading reseller cert?
It might but I'm not sure. You can pay for a virtual address where all your business mail is forwarded to you physically and online. That virtual address would be your businesses address on everything. Can't be a P.O box I've heard. The forwarding company would be the middle man, keeping your home address off of business documents. I'm not 100% sure for this specific scenario though
Hey Karlton, Is it possible to establish a Holding Company in Delaware which owns LLCs created in my state and still benefit from these protections? Thank You in advance.
The real reason why you are getting anonymity is because those specific States don't require you to upload your operation agreement. The operation agreement is what would show your name, address, ownership percentages etc. It is recommended to create an operation agreement regardless, just to keep with you but no upload required. You also must not be the one creating the holding company, because you will then have to be on the public records. You hire a registered agent/attorney to file with the Secretary of State and their address and name/ company will be on the state documents. At a yearly or monthly fee ofc. (The IRS and Banks still need to know who you are because of tax filings and bank account opening) but those aren't public information anyway. The banks and tax attorney will need to see the operation agreement so that they have proof of ownership. There's no such thing as 100% complete anonymity but the protection is there if you play your cards right. (Or authorize someone else to sign these) (Or make them sign an exclusivity document) Lol I'm no attorney, just info for entertainment purposes. Call an attorney The holding company would have to be listed as the managing member of the subsidiary LLC. That's where the protection of your anonymity comes in. Because the LLC in that "other '' state owned by the DE holding company might be a state that requires an operation agreement to be uploaded and because on paper, you don't own the subsidiary, the holding company does, you'd be safe. But, you'd be on the holding company's operation agreement as the direct owner but again because you chose a state with anonymity benefits, the operation agreement isn't required to be uploaded. I'm no attorney or tax person, or accountant, this info is for entertainment purposes coming from me lol. Definitely make some calls to some business attorneys that "support" those states and understand the anonymity concept, and have a list of questions. You'd also want to call a business CPA that understands the structure so they can help you out. When it's finally time to file, hopefully you've saved up some for the fees and service charges. Anonymity is worth it if done correctly but at a price of course.
@Karlton Do you offer any investment opportunities like this Austin Richards guy?I been a subscriber for awhile and you got my trust.Looking for ideas on who to open an IRA with? Schwabb or anyone you recommend would be great. Thank you!
How do you establish your llc in whatever state, if you don't have an office there. If you do get an office there, LLCs are flow through, so then the income will still get taxed in the state you reside in. I agree that when you deal make millions then you might need to cover your ass and take your name off lol
A holding company created for holding and ownership of assets isn't considered, "doing business" in some states. You technically will have an office in that separate state because you'd have to hire a registered agent that resides there that would file your state documents and accepted/receive them for you. The subsidiaries would be paying the holding company dividends either yearly or quarterly or monthly (whatever you decided on). Because the holding company owns them. If you haven't already, look up "pass through entity", it might help you understand the taxing concept of a holding company structure in certain states. I'm no expert attorney, cpa or anything, just some friendly advice. I tried lol but do your research and make some phone calls to attorneys and cpa's
I live in Delaware and I’ve considered becoming a registered agent specifically for business owners who would like to incorporate their businesses in Delaware but live out of state..
1. Anonymity Laws
2. Fees (Less than $100)
3. Court of Chancery (Entrepreneur/Investor friendly court system)
4. COPE Protection (Charging order protected entity)
5. Raising Capital
I live in Delaware and I know that over 60% of the Fortunate 500 businesses are incorporated in Delaware. Also Trump has over 300 of his 500+ legal businesses incorporated in Biden’s “home state” of Delaware. One last thing, Hillary Clinton and Donald Trump both have businesses that share the same exact business address in Wilmington, Delaware. Almost forgot, Delaware also has four (4) art ports which are basically considered international neutral zones like in Geneva, Switzerland and these art ports allow owners of priceless art to forgo paying certain taxes on their works of art. Did I mention Delaware also has no sales taxes? Well, we don’t. Delaware is truly business friendly, folks.
But Biden said he'll make sure businesses will pay their fair share.??
@@LifeDL You do realize corporations control our government, don’t you? And as such, these corporations (which incidentally, have been endowed with our very same human rights) create and establish policies with built-in, self serving loopholes. Biden is simply a corporate democrat who replaced another ‘former’ corporate democrat turned corporate republican, trump.
How are the jobs there?
This information is awesome. As a new real estate investor I’m def listening to Karlton as much as possible.
As always… VERY informative!! Thank you!!
I concur, @David Wheeler...thank-you, Mr. #KarltonDennis!!
Love your videos bro you've put me on so much game it's ridiculous. Where did u get that beat from at 6:10? Random sorry lol
Once the LLC is open and active, can it be re-registered in those states?
Yes but you won’t have total anonymity because the state you had filed your LLC most likely wasn’t Delaware, Wyoming, Nevada etc. and so there will be a record of your name on past filings even if your new setup is now in Delaware. Like you name won’t immediately come up when you search the Delaware Corporate search but your name can be found under past files on the same screen (ie see filings). It would show that you were registered in another state and mention your name under than filing.
is it true you pay double taxes however? double franchise taxes?
I just wanna say I like the content but you still said anonymity wrong lol, much love brother, I love what you're doing and I'm learning from it so I hope you keep it up. If you see this I hope you have a great day
Hi, as a foreing not living at US, i'm planning to create a sole member LLC, would I need to apply for the ITIN number? I heard that it is mandatory to use the Stripe and Paypal platform, thanks for your information.
Well spoken Black man. I tip my hat off to you thank you for the information.
his name is karlton, what else did you expect?
Excellent episode 💯💯💯
Great content. Would love to learn more about tax
Hi KD, if I open a Series LLC in Delaware, can I move my profit from one LLC to another and then invest in real estate?
Karlton...AN O Nymity.. not ano Minity.. Love your content
Not tryin’ to be a hater, but chancery has a long “a” as in and not a short “a” as in apology. ( unless you’re British or Australian, of course) Every superior court in the nation has an chancery division, which deals with matters of equity, as opposed to matters of money as in the law division.
You’re the best, dude. Thank you for your presence!
I like your mic. Where did you get from?
Question? If I already open an LLC in my state and want to change it to Delaware without changing the name. Could I do so or would I have to start a new entity all over again?
Just create a new one
Is any of the Anonymity negated by the new BOI law?
Thank you Karlton for this information.
If am a foreign from Africa, how does this work?
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Excellent video!
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Is there any difference between Delaware and Wyoming?
are you saying anomynity instead of anonymity
For Amazon business - do we need any reseller cert if LLC registered in Delaware? Delaware does not have any sales tax laws. I guess they use 'gross receipts' method?
In Delaware LLC case, can we still proceed w FBA without uploading reseller cert?
what about an Holding company instead?
Ty
Can you do a trucking company accounting because a general accounting doesn’t work
How is Montana?
KD just wanted to recommend to you to check out Cherif Medawar regarding tax and asset protection strategies. Very, very good 👍 stuff
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yeah but if im in say utah, and have a Delaware corporation, dont the laws apply where the business was transacted?
Karlin, if your home address was used to receive your tax documents, does that destroy the anonymity?
It might but I'm not sure. You can pay for a virtual address where all your business mail is forwarded to you physically and online. That virtual address would be your businesses address on everything. Can't be a P.O box I've heard. The forwarding company would be the middle man, keeping your home address off of business documents. I'm not 100% sure for this specific scenario though
@@soundwave55 thanks. That's what I plan to do, I just don't know if it's now useless, since i already used my home address. 🤔
Hey Karlton, Is it possible to establish a Holding Company in Delaware which owns LLCs created in my state and still benefit from these protections? Thank You in advance.
.
Excellent question.
Is a holding company anything like a shell corporation?
The real reason why you are getting anonymity is because those specific States don't require you to upload your operation agreement. The operation agreement is what would show your name, address, ownership percentages etc. It is recommended to create an operation agreement regardless, just to keep with you but no upload required.
You also must not be the one creating the holding company, because you will then have to be on the public records. You hire a registered agent/attorney to file with the Secretary of State and their address and name/ company will be on the state documents. At a yearly or monthly fee ofc. (The IRS and Banks still need to know who you are because of tax filings and bank account opening) but those aren't public information anyway. The banks and tax attorney will need to see the operation agreement so that they have proof of ownership. There's no such thing as 100% complete anonymity but the protection is there if you play your cards right. (Or authorize someone else to sign these) (Or make them sign an exclusivity document) Lol I'm no attorney, just info for entertainment purposes. Call an attorney
The holding company would have to be listed as the managing member of the subsidiary LLC. That's where the protection of your anonymity comes in. Because the LLC in that "other '' state owned by the DE holding company might be a state that requires an operation agreement to be uploaded and because on paper, you don't own the subsidiary, the holding company does, you'd be safe. But, you'd be on the holding company's operation agreement as the direct owner but again because you chose a state with anonymity benefits, the operation agreement isn't required to be uploaded.
I'm no attorney or tax person, or accountant, this info is for entertainment purposes coming from me lol. Definitely make some calls to some business attorneys that "support" those states and understand the anonymity concept, and have a list of questions. You'd also want to call a business CPA that understands the structure so they can help you out.
When it's finally time to file, hopefully you've saved up some for the fees and service charges. Anonymity is worth it if done correctly but at a price of course.
If you started a business in a different state like say WV can you transfer it to Delaware for the anonymity purposes?
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What about Seattle Washington
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@Karlton
Do you offer any investment opportunities like this Austin Richards guy?I been a subscriber for awhile and you got my trust.Looking for ideas on who to open an IRA with? Schwabb or anyone you recommend would be great. Thank you!
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This is the only way Delaware gets notoriety as the biggest state 😂
Thank you, for the information Karlton I may be contacting you.
Carlton, I sent u a golf email but your team never responded. why u flaking bro
AnoNimity, not anoMinity
How do you establish your llc in whatever state, if you don't have an office there.
If you do get an office there, LLCs are flow through, so then the income will still get taxed in the state you reside in.
I agree that when you deal make millions then you might need to cover your ass and take your name off lol
A holding company created for holding and ownership of assets isn't considered, "doing business" in some states. You technically will have an office in that separate state because you'd have to hire a registered agent that resides there that would file your state documents and accepted/receive them for you. The subsidiaries would be paying the holding company dividends either yearly or quarterly or monthly (whatever you decided on). Because the holding company owns them. If you haven't already, look up "pass through entity", it might help you understand the taxing concept of a holding company structure in certain states. I'm no expert attorney, cpa or anything, just some friendly advice. I tried lol but do your research and make some phone calls to attorneys and cpa's
I live in Delaware and I’ve considered becoming a registered agent specifically for business owners who would like to incorporate their businesses in Delaware but live out of state..
I had to stop watching when he said anominity
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😂😂