File Form 8832 to choose how your LLC is taxed — disregarded, partnership, C-corp, or S-corp (via 2553).
IRC §7701 regulations (Treas. Reg. §301.7701-3) let an eligible entity (LLC, LLP, foreign entity) ELECT its federal tax classification via Form 8832. Default: single-member LLC = disregarded; multi-member = partnership. But you can elect C-corp treatment (QSBS eligibility, fringe benefits) or add Form 2553 for S-corp. Powerful for foreign entities — a foreign LLC can be disregarded, avoiding CFC/PFIC/GILTI complications. Limited to once every 60 months (with narrow exceptions).
Click Generate advisory deep dive for mechanics, IRC citations, a step-by-step execution plan, a worked numeric example on your profile, costs, risks, and this-week actions.
Wyoming holding LLC (anonymous, charging-order sole remedy) owns operating LLCs — creditors can't seize equity.
Nevada LLC = charging order sole remedy + no income tax + strong anonymity via nominee manager.
One master LLC + unlimited protected sub-series — each property isolated, one annual fee.
Self-settled irrevocable trust in NV/SD/DE/AK — creditor exposure eliminated after 2-year statute.
Cook Islands trust — the gold standard offshore asset protection; U.S. judgments not recognized, 1-year statute.
Nevis LLC — $100K bond required for creditor to sue + 1-year statute + no U.S. judgment recognition.
Encumber personal residence / rentals with friendly HELOCs / notes — appear equity-poor to creditors.
Married couples in 25 states can title assets so single-spouse creditors can't touch them.