Furthermore, a single member LLC can be disregarded for tax purposes, thereby creating no additional tax complications for the owner. Because an LLC can be formed quickly, easily, and inexpensively, it can be a useful took for preserving privacy.
We have formed LLCs to allow people to buy and sell real estate when the circumstances were such that the person's identity, if disclosed, would affect the price or otherwise cause issues. There are a host of perfectly legitimate reasons to use an LLC for privacy purposes.
Trusts can also be used to create privacy, although they tend to be more expensive to create and slightly more complex. Trusts may be a good solution for longer-term privacy needs, whereas LLCs can address short term privacy concerns.