Tuesday, July 20, 2010

Is it possible to own a business and remain private?

I mean. If i own my business as a sole proprietor but I do not want people who go there and live around me to know it is mine. Is this possible? Is there a place online they can find out who owns it or a government agency or something? I would like to keep it private for several reasons.

Is it possible to own a business and remain private?
There is no way to hide your ownership of a sole proprietorship. The big disadvantage of sole proprietor-ships is that you have unlimited personal liability for all the business obligations. It wouldn't make sense for the government to let hide your ownership from consumers that might want to find you to file a complaint for example. Even if you create a corporation or Limited Liability Company (LLC), the person filing the formation documentations are public record.





Governments are concerned with consumer protection and while you might be able to complicate the process of finding the ownership the system is designed to help the consumer identify the owner of a company.
Reply:http://ecommerce-times.blogspot.com
Reply:If your name is on the papers for the sole proprietorship then no, your name will come up online. Talk to a lawyer and they can set up a structure so that your name doesn't come up, but that means legal fees.





Good luck!
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