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- Hey guys, in this video, what I'm gonna talk about is anonymity planning, creating that anonymity shield from the standpoint of the things that you shouldn't do, when it comes to setting up your entities. Okay, let's get started. (upbeat music) Okay, so when we talk about anonymity planning, if you watch the other videos, I'm really a strong proponent of setting up structures where you're using an entity that's been set up in Wyoming or Delaware to hold all of your other business interests where you're engaging in passive activities. Because I really believe that what are my business is not someone else's business. I mean, there's just a lot of crazies out there right now in the world and you need to take as many steps as you can to keep your affairs private as possible. Because you never know when you're gonna run into that one tenant, who is just should be on the meds and they're not on the meds and you have to evict them and then they go crazy on you. I can give you plenty of examples of even on my events, One of our attorneys recently with an individual that we were dealing with, setup fake websites said this person was a sex slave and put the picture on it. They did all this stuff to destroy her character and went after her kids that she found on Facebook. I mean, this is the type of stuff that takes place right now on social media and when you make it so easy to find your assets you become a target for these individuals. So if you're wondering why I'm such a strong proponent of anonymity, it's because as I stated my business is my business and it doesn't need to be anyone else's business. So when you're creating these entities if you wanna create that anonymity shield, then as I've shown you, you start with that entity down here, typically it's Wyoming or Delaware. Any entity that does not collect any state where you can set up an LLC and they don't collect any information on you. That's the key here. New Mexico's an entity that you could use here but it doesn't have a strong as protections as Wyoming or Delaware. So you create this LLC here, you set it up, you're the manager right here, you're the member down here and your information is not listed with secretary of state. You think great, I'm gonna go out there and I'm going to do this and set it up. And then you're going to create other LLCs in various States to hold real estate and those LLCs are all gonna be owned by this Wyoming LLC that I have on the board here. And when you create these limited liability companies, you're gonna set them up as member managed, member managed. Now why member managed and not manager managed? And if you don't know the distinction, here's what it is....