Q: I want to register an anonymous business in Wy, then in Ut where I live. When I register in Ut, will I lose anonymity?
I have an e-learning business. I want it to remain as anonymous as possible. So I plan on registering in Wy. I do all the work out of Ut, which means I probably need to register here as well.
1. Do I need to register in both states if I do all the work in Utah, or can I just register in Wy?
2. Will I be able to retain my anonymity when I go to register the business in Ut?
3. Should I consider anything legally besides double registration requiring me to pay tax in two states?
A:
It is not necessary to register in two states. In Utah, you can register a new business without revealing the names of the owners. To do this, you will need help from a third party like an attorney or registered agent services.
The newly created company will need an address, contact info, and a local resident or business to receive notice on behalf of the company as the Registered Agent. Naming an attorney or other business as the contact will suffice. This simply requires you to pay the attorney or business to handle these things for you.
You also need a manager, which can be the attorney or business. This allows you to personally remain unconnected with the new business. This works in cases of owning real estate (without a bank loan).
Keep in mind when it is time to pay taxes, or to accept money other than cash, you will normally need to register personally with the IRS to get an EIN.
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