Can two people own an anonymous LLC together?

Yes, two people can be members of an anonymous LLC. The anonymity comes from not filing the operating agreement with the state, and using a registered agent. The state doesn't require member names on the formation documents.

But if you have two members, you might need to be careful about the operating agreement. It's not filed publicly so that's fine, but you should still have one to outline ownership and management.

Does the anonymous LLC structure still work if there are multiple members? I thought anonymity was harder with more than one person because of banking anr tax requirements.

You can have multiple members in an anonymous LLC, but the key is to avoid listing them in public filings. In Wyoming, the Articles of Organization only require the registered agent's name and address. The operating agreement is private. However, banks and the IRS will still know who the members are. So it's not anonymous to the government, just to the public.

I've set up a two-member anonymous LLC in New Mexico. The formation documents only list the registered agent. The operating agreement is kept private. No issues so far.

What about using a trust or holding company to hold the membership interests? That could add another layer of privacy, especially with multiple members.

Trusts can be tricky. If a trust owns the LLC, the trustee's name might appear somewhere. And if the trust is revocable, it might be linked to the grantor. Need to be careful

I think the main point is that the state doesn't ask for member names, so as long as you don't volunteer them, you're fine. But you'll have to provide them to the registered agent and possibly the bank. Make sure your registered agent is trustworthy.

Is there any difference between Wyoming and New Mexico for multi-member anonymous LLCs? I've heard Wyoming is more popular but New Mexico has stronger privacy laws

New Mexico doesn't require an operating agreement to be filed, and the Articles only need a registered agent. Wyoming is similar. But Wyoming requires an annual report with some information, though not member names. Both are good.

You might also consider a series LLC if you have multiple members, but that's more complex. For two people, a standard multi-member LLC with privacy measures should suffice.

How would profit distribution work? Just follow the operating agreement. No need to file it.

I've heard that some banks might require you to disclose members for KYC. So while its anonymous to the public, it's not to financial institutions. That's a key distinction.

Can you use a nominee member? That might be overkill for two people, but it's an option if you really want to hide ownership.

Nominee arrangements can be risky and may not hold up in court. Better to use a trust or holding company if you need extra privacy ngl.

Make sure you understand the tax implications. An anonymous LLC is still a pass-through entity for federal taxes, so the IRS will know. You'll need to file accordingly. Consult a CPA.