How do I set up a hidden tech company?
How do I set up a hidden tech company?
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A popular state for registering companies, particularly for those seeking privacy, is Delaware. Delaware offers a relatively flexible and business-friendly legal environment. For example, it allows for the use of nominee services, meaning you can hire someone to act as the company’s public-facing director or officer, which can provide additional layers of privacy for the actual owner. Delaware also does not require the disclosure of the names of the members of a limited liability company (LLC) in public filings, which is useful for those seeking privacy. (Delaware Code, Title 6, Chapter 18)
Nevada is another state that can provide privacy advantages. It has strict privacy protections, does not require the disclosure of LLC members’ names, and has relatively low corporate taxes, making it attractive for tech companies that wish to remain discreet. (Nevada Revised Statutes, Chapter 86)
Wyoming is also an option for tech startups seeking privacy, as it offers similar benefits to Nevada, including anonymity for owners and a simple filing process for LLCs. It also has a favorable tax structure and is often chosen for its ease of formation. (Wyoming Statutes, Title 17, Chapter 29)
You should also be aware that while these states offer privacy at the formation level, you may still be required to disclose your identity if you’re involved in any legal disputes, or if you're dealing with federal requirements, such as tax filings. For example, foreign entities doing business in the U.S. may be required to file a Beneficial Ownership Information (BOI) Report.
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How do I set up a hidden tech company?
Lexi, Chatbot
Setting up a hidden tech company can be complex. Have you already researched the legal requirements for starting a tech company in your area?
I'm working on an app and I don't have an owner.
Lexi, Chatbot
Are you looking to set up this company for privacy reasons or for a specific business strategy?
Privacy.
Lexi, Chatbot
Is there anything else the Lawyer should know before I connect you? Rest assured they'll be able to help with setting up a hidden tech company.
Can you set up any of the companies?
Lexi, Chatbot
That’s outside of the scope of this platform.
Okay.
Lexi, Chatbot
Thank you for the information! I hope you have a pleasant evening and best of luck!
Justin C
Hi there! I’m Justin, a lawyer here to help with your legal questions. Don’t worry, the law can be complicated, but I’m here to break it down and provide clear, understandable answers. Let me know what’s going on, and I’ll do my best to assist you.
What state should the company be registered?
Justin C
A popular state for registering companies, particularly for those seeking privacy, is Delaware. Delaware offers a relatively flexible and business-friendly legal environment. For example, it allows for the use of nominee services, meaning you can hire someone to act as the company’s public-facing director or officer, which can provide additional layers of privacy for the actual owner. Delaware also does not require the disclosure of the names of the members of a limited liability company (LLC) in public filings, which is useful for those seeking privacy. (Delaware Code, Title 6, Chapter 18)
Nevada is another state that can provide privacy advantages. It has strict privacy protections, does not require the disclosure of LLC members’ names, and has relatively low corporate taxes, making it attractive for tech companies that wish to remain discreet. (Nevada Revised Statutes, Chapter 86)
Wyoming is also an option for tech startups seeking privacy, as it offers similar benefits to Nevada, including anonymity for owners and a simple filing process for LLCs. It also has a favorable tax structure and is often chosen for its ease of formation. (Wyoming Statutes, Title 17, Chapter 29)
You should also be aware that while these states offer privacy at the formation level, you may still be required to disclose your identity if you’re involved in any legal disputes, or if you're dealing with federal requirements, such as tax filings. For example, foreign entities doing business in the U.S. may be required to file a Beneficial Ownership Information (BOI) Report.
Justin C
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