Private Business Package

Structuring a business through a private membership association, a private irrevocable trust, and a public LLC is a complex but powerful strategy that offers individuals significant control over their business while maintaining both privacy and public operations. The private membership association structure provides a unique way to govern the business by forming a membership association with its own set of bylaws, membership requirements, and rules. This allows the owner to maintain complete control over the membership and management of the business, which can be beneficial when dealing with sensitive information or operations that require strict confidentiality.

In addition to the private membership association structure, utilizing a private irrevocable trust can offer significant benefits, such as asset protection and tax benefits. By placing assets into a private trust, the business owner can protect those assets from creditors and other legal claims. Moreover, a properly structured trust can provide tax benefits, such as minimizing estate taxes and maximizing charitable contributions.

Finally, a public LLC offers the business many of the benefits of limited liability while also allowing it to operate publicly. Limited liability protects the owner’s personal assets from any business-related liabilities, which can be particularly useful when operating in a public-facing business. Additionally, a public LLC can act as agent, and not as principal, when interacting with private entities that do not operate in the public domain. By electing to be considered an S Corp for tax purposes and redeeming lawful money, additional tax benefits can be realized.

When combined, these three structures can offer the greatest level of control and flexibility to the business owner. It allows them to operate the business privately, protect their assets, and scale the business through public operations.

Includes documents to form a private membership association, two private, irrevocable trusts (for maximum privacy and asset protection), lawful money letter for bank, and an LLC incorporated in your state by our professional accounting firm.