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re: If you win tomorrow's powerball jackpot, you'd need 433 CD's

Posted on 5/24/17 at 9:01 am to
Posted by HDAU
Member since Nov 2014
1701 posts
Posted on 5/24/17 at 9:01 am to
quote:

Well, even if you set up an LLC, wouldn't the identity of the members, officers etc of the LLC be public record?


Not if you set it up in Alabama. You would need a registered agent in state and attest that the LLC has at least one member but you would not have to disclose the names of the members, etc. I'm not sure about LA state law, though.
Posted by MontyFranklyn
T-Town
Member since Jan 2012
24301 posts
Posted on 5/24/17 at 9:01 am to
quote:

You say that now but you know damn well you'd piss that shite away on women and toys for at least 5 years before calming down a bit.
I wouldn't. I would just pay off all my debt, set 10 million aside to blow on my family and friends and buy a nice house. Start a small conglomerate that specializes in commercial and residential real estate in college towns.
Posted by Twenty 49
Shreveport
Member since Jun 2014
21525 posts
Posted on 5/24/17 at 9:04 am to
quote:

Well, even if you set up an LLC, wouldn't the identity of the members, officers etc of the LLC be public record?


Not necessarily. You only have to make minimum disclosure of the initial members in the public filings in some states. That could be your lawyer or another entity, who could then promptly transfer the ownership interests to others via non-public assignments. There are ways.
Posted by CelticDog
Member since Apr 2015
42867 posts
Posted on 5/24/17 at 10:59 am to
You can take payments over 26 years. Several million a year on average. Way less to deal with.
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43534 posts
Posted on 5/24/17 at 11:01 am to
quote:

You can take payments over 26 years. Several million a year on average. Way less to deal with.


Pretty sure if you die in between then, those payments stop coming. Even to your estate.
Posted by Walking the Earth
Member since Feb 2013
17464 posts
Posted on 5/24/17 at 11:03 am to
quote:

You can take payments over 26 years.


Yeah, frick that.
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