How to create a double LLC

 
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Posted On : 27th Jun 2017

What is a double LLC?

  • There is no term is used "Double LLC" with the secretary of state. This term is created by professionals to hold One, LLC by another for the asset protection or for the privacy purposes, but it is a completely legal strategy to conduct business.

  • Your name and address is not going to be used for the public record.

  • You have to create two LLCs.

Disadvantage of registering double LLC?

  • You have to maintain two LLCs.

  • You have to file annual reports of the LLC.

  • You may need to file a separate tax return for both LLCs.

  • It is a complex structure to maintain.

 

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