by Structured Settlement Watchdog
A Wyoming registered company called ItsNachos LLC is apparently buying structured settlement payment rights. ItsNachos LLC filed for registration in Wyoming in October 2017. A name like that conjures up a tequila swilling bunch of salty chips smothered in cheese and refried beans, while eating (and perhaps listening to) red hot chili peppers. But then again the secondary market for structured settlements is full of anonymous LLCs that make it very hard for consumers to know who they are dealing with.
It has been written that a Wyoming entity is one of the most private filing in the entire world. FlagTheory.com says that may be hard to believe, but its actually true. In fact, you can set up a LLC in Wyoming without your name having to be on the State Register and not disclosed to the public, which is advantageous from an Asset Protection standpoint.
According to FlagTheory.com, a company that helps business set up LLCs, a Wyoming LLC is the very best State for Asset Protection. You can even establish a business entity where the creditor can NEVER reach your assets.
This is not to suggest that all Wyoming LLCs are established with bad intent. If things go wrong in the context of a structured settlement factoring transaction however, in an industry where there is no licensing, few companies are registered in the states they do business in, where an lack of transparency exists and there is such widespread unethical conduct, if you can get past a name that is hard to take seriously, is it wise to do business with a company whose owners may be more concerned with protecting their assets than yours?
That's Right Baby , It's Nacho
Great article about myths surrounding anonymity in the States of Wyoming (and Nevada)