Benefits and Drawbacks of Anonymous LLCs
Creating an Anonymous LLC has many benefits. The limited liability feature protects the owners’ and members’ personal assets and shields them from being held personally liable for the debts and liabilities of the business. Anonymous LLCs are generally easier and faster to set up than general LLCs, and they also usually have lower fees and taxes. However, some legal requirements, like filing taxes, still need to be fulfilled, and using an anonymous LLC makes it harder to take advantage of other benefits like borrowing money or getting a loan.