Wyoming LLC as a Holding company of another LLC

[Luganese]

Can a Wyoming LLC be a holding of another operating business Wyoming/Delaware LLC?
It's a good idea for asset protection?
Would I have problem with the banks with this setup ?

Thanks

 

[Sols]

Yes.

Protection from what?

Yes, but not much. It's already difficult to open bank⁤ accounts for US LLCs. The more complicated your structure is, the harder it gets. However,⁣ US LLC owning another US LLC is usually not much of a problem. Depends on⁢ how many other members are in the LLCs.

 

[JohnLocke]

I would solve the issue with the bank account opening first before I opened a‌ company in the USA! Just a hint, if you don't know how to solve that‍ it's a good starting point.

 

[buenosdias]

You haven’t mentioned some key things in the scenario, but I don’t see an issue‌ with an LLC owning another in the same state. Can’t comment on asset protection.

I agree with @Admin. You need to solve the bank account problem, before you invest‍ in the infrastructure.

 

[Martin Everson]

100% like Admin said solve the banking issue first. Otherwise you will have a useless‌ paperweight of a company on your hands.

 

[speedster]

Great suggestion.‍ One question, how do you get the bank to open the account before the company⁠ is open?

 

[Martin Everson]

Who said open an account before‍ company is open? 🙄

You identify several banks that will accept a US LLC and structure⁠ before going the route of incorporating. You solve the problem of where you are going⁤ to bank before you open ANY company in general thu&¤#.

 

[Luganese]

International creditors

 

[sonato]

I don't believe this guy know what he⁤ is talking about. Without the setup of the company first you won't get any bank⁣ account approval. Also not with any EMI like TW or other similar.

I'm setting up⁢ a Wyoming LLC while we speak have submitted papers and payment just waiting for the︀ agent to get back.

 

[Martin Everson]

Reading and comprehension is never most peoples strong points 🙄.

 

[forlac]

On Wise you can do it, just open small business account from your⁤ country and when you have the LLC opened they can transform it, ask the support⁣ and they said it is no problem.

 

[sonato]

They don't transform it. They⁠ open a business account with your personal accounts information 😉