I've been following some posts here and must say it's a very interesting topic. For me it might not be of any use today (I require far more simple solutions today, since I don't deal with millions (yet)) but it's been a very good read (especially for a type like me, who wants to know how things work, increasing complexity levels).
I think TVentures has already released a lot of interesting information on ID remedies, which I think (hopefully) I'm beginning to understand (if I pile up the strips of info from various topics on this forum) - though I would welcome the original author's︀ comments to correct my thinking as I'm not a lawyer and just attempt to logically︁ connect the dots.
An ID solution seems to be just a type of an LLC︂ company which essentially doesn't record ANY information about directors, members or owners etc. According to︃ TVentures there is a jurisdiction like that in the US, and it's not Delaware (time︄ for some homework 😉 ).
So if privacy is your concern, registering such an LLC gives︅ you maximum privacy as no information about you is recorded anywhere. You then use this︆ LLC whenever you would have used your real name, e.g. being a side of a︇ contract of any sort.
It has two advantages - a) your name, address etc. is nowhere to be found,︌ b) it's an LLC, so in fact it's a separate legal entity, your personal assets︍ are safe.
This is the point where I have to speculate how it all works︎ without any names recorded (since I'm not a lawyer I'd welcome any corrections - it's️ by making mistakes we learn in the end). Is there just a need for a company seal to be used or are there simply some nominees acting in the name of the LLC? Essentially however, never in no documents that can be dug out is your name to be found. I guess the only person having documents confirming you are the founder of the company is yourself (well, somebody has to, right?). But externally it's untraceable.
So if your goal is privacy and asset protection that's the ideal vehicle. You can use another LLC like that to create another entity offshore to hold your assets.︀ However, as TVentures mentioned, this solution is not used for opening bank accounts, going shopping︁ etc. It's, as I understand, a way of detaching yourself from your wealth, so it's︂ safe no matter what happens as well as for performing other operations, using the LLC's︃ name instead of your name.
If you want to be one of those billionaires who never get published on the Forbes︇ list, I think that's the way to go.
Because if you're really wealthy and you︈ want maximum privacy it's a very difficult task to accomplish. Wealthy people are easy to︉ spot. So if someone wants to track you down - where you live, how wealthy︊ you really are, what do you own etc. you don't really want to help them︋ by using your name and address everywhere, do you? Whenever they try they can only︌ bump into XYZ LCC.
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Now there's a problem of actually dealing with money, opening︍ a bank account etc. That I'm not quite sure of but from some advice in︎ other topics I only see suggestions of prepaid cards or, even better, "cold cash". And️ adding an offshore entity for doing larger transactions - my guess is "anonymous corporation", where only the company name is attached to the wire-transfers.
Bear in mind that TVentures appears to be talking here about a really fair amount of wealth that simply requires all additional layers. I'm guessing most of the people looking for template solutions get just enough for their needs - but it ain't enough if you have much much more.
And then you can also afford much much more - like anonymous cards with high spending limits and sustaining complex multilevel structures.
Now I'm looking forward to some comments and explanations, because I am just a beginner, so I'd like to see if my thinking is︀ correct - and where it isn't.
