Most rich fucks use LLCs to hide their ownership of assets. (At least, from the public.)
If they’re privately owned, then there’s little functional difference, but you can use them to avoid reporting requirements (ie in a hostile take over.)
But then, also, there’s a lot of random LLCs on a random company’s ledger. Some of them are investment firms, and such, but some are also the assets of people like bezos or the Rothschild family.
Most rich fucks use LLCs to hide their ownership of assets. (At least, from the public.)
If they’re privately owned, then there’s little functional difference, but you can use them to avoid reporting requirements (ie in a hostile take over.)
But then, also, there’s a lot of random LLCs on a random company’s ledger. Some of them are investment firms, and such, but some are also the assets of people like bezos or the Rothschild family.