Is there any advantage to creating an Anonymous LLC?

This is my first time posting here. I'm curious to know if there's any real benefit to setting up an anonymous single-member LLC for trading or for hosting smart contracts? I was considering naming it after my public key (is there a downside to that?). The perks I can think of include: 1) Limited liability not exactly sure what risks I'm protecting against, but it seems like it could help with smart contracts (like selling goods or services, and if smart contracts take off, maybe I can get into anonymous partnerships with limited liability). 2) Tax advantages I could opt to be taxed as a corporation if my coins skyrocket and I decide to sell within a year. 3) Choice of jurisdiction I’ve heard Wyoming has some pretty good laws regarding utility tokens, which I could leverage by forming an LLC there. 4) Selling a membership interest if I create a crypto portfolio under the LLC, could I sell a piece of my LLC (as long as I follow the securities laws)? 5) What other risks or benefits should I consider? Appreciate any insights!

There are some privacy and tax benefits. But they are not really anonymous, so it's better not to think of them that way. If you need a bank account at any point, you'll need an FEIN. Banks also do KYC. Lines of credit and such require personal information. Even if you don't need banking, executing contracts on behalf of the LLC requires an officer or similar to sign and identify themselves. Beyond all that, your registered agent is always a link back to you. There's no way around that if the court system ever gets involved. I can't comment on the smart contract aspect, but there are definitely tax benefits when it comes to trading, assuming you structure things correctly. If you're putting a lot of money and volume in, it's something to consider and discuss with a tax professional. Wyoming law doesn't override federal securities law, so be careful.

There are general advantages to forming an LLC, though. Owners benefit from the limited liability protection offered by a corporate entity, which helps protects assets in the event of a legal proceeding. Depending on the state, there could be tax advantages, but in others, there are franchise and pass-through entity taxes assessed on LLCs. As others have commented, LLCs aren't necessarily anonymous. Copies of filed documents are available in public databases either for free or for a nominal fee, including in the state of Wyoming. That said, appointing a corporate registered agent for service of process helps protect the business's information. These agents come with a cost, however, so factor that in when deciding to form an LLC. Apart from that, you generally nail the benefits and drawbacks, but it's best to consult with an attorney and tax professional on advice for what's right for you.

If someone's interested, I think the closest thing would be na LLC with bearer shares, but the issuance and use of them have been banned or heavily restricted in many countries over the years. An expert should be consulted to assess whether having bearer shares is worth the trouble.

The question you shall ask yourself is what's next. What when the anonymous company wants to transfer funds to an individual? Or a non anonymous business? Most states or countries which allow anonymous companies are black-listed in the OECD.

Thank you for sharing article and information. this is very helpful for beginner.

Yes, AFAIK this is still legal even in some countries in Europe (it was in fact discontinued this year in one of the biggest tax havens Netherlands) BUT under new AMLD5 laws are heavily frowned upon and will likely anyway get you in trouble down the line. Basically, the latest edition of the AML directive means that anything that is against the spirit of the law -- even if it's not against the letter of the law --  will be deemed equally wrong. So, while tax avoidance is strictly speaking not illegal, it can result in public exposure, which, is about as damaging as actual tax evasion, just without the fines -- though a dozen EU states have recently rejected that. The only country left that issues the type of anonymous bearer shares OP is looking for is Marshall Islands. Now you know why they're blacklisted by OECD, and so it's also pointless for you to go down this road, as you're painting a bull's eye on your back if you register in MI. There's also Panama, but you have to pay a hefty bank fee for holding them (so pointless anyway).