Just thinking about registering a domain under a company name and bank account, instead of my own, but the conversation has gone off on various rabbit-trails. Which is interesting.
Discussion
I know very little about protocol outside the US, if you’re looking for protection from liability, I would research the few jurisdictions that allow the creation of a shell company anonymously. That shell or holding company can then own the LLC. Without this step, it is relatively easy to legally pierce the veil of an LLC or corporation and hold the sole proprietor responsible. The state of Wyoming is a decent place to found the LLC, Delaware used to offer anonymous shell companies, and strong privacy protections. Ever notice that most US banks are incorporated in Delaware? It’s no coincidence.
Yes, but this wouldn't really raise trust, the way a German-registered or Texas-registered company under my real name would (I'm legal resident in both places).
But, okay, exhausted and it's almost midnight. Interesting discussion, folks.
Later, gators!
So the use case for your LLC is to appear to clients as a more trustworthy operator by being a company? Generally I think separating personal operations as much as possible from your company operations is always preferable, also keep the parts of a complex company separated from each other, there are many benefits to this, tax liability, legal liability mitigation. One LLC can mitigate the tax liability of another by “buying” materials from it, year to year it’s possible to never show any taxable profit as an operation.
Yeah, one of my employers had 4 different companies of varying types.