How Using An LLC To Purchase A Home Can Protect Privacy

There are many clients who may wish to avoid the publicity of having their names published in a public report on real estate transactions.  This column suggests the idea of purchasing a home through an LLC to maintain privacy.  It is a good idea to give the LLC an obscure name to avoid taunting the reporters.  If a person registers the LLC in Delaware they could avoid having to list the members and managers in the company’s annual report.  With the advent of the internet and other forms of modern technology it is virtually impossible to maintain complete privacy, but an LLC can provide some level of cover.  This is an option that some potential home-buyers might want to think about. 

See C. Carter Ruml, Using an LLC to Maintain Privacy When Buying Residential Property, Stites & Harbison PLLC, May 31, 2015.