Are shareholders public record in an S corporation?
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Are shareholders public record in an S corporation?
I want to write a book but be completely anonymous (even from the publishers) in writing it. Its a very personal memoir, were I speak about my life when I wasn’t exactly the nicest person, so I don’t want the book to come back on me.However, I can’t seem to find out how to do this specifically, other than create a company, and have the company copyright and publish the book. However all the ownership papers for most companies are public record. That’s why I’m interested in an S corporation. If shareholders are anonymous, then I can be a share holder and name someone else the officer? Is that right?If I’m wrong or way of base, please share as much as you know about what I should do.
Asked on February 11, 2013 under Business Law, Indiana
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
An S corporation must still be filed with the state secretary of state and though it is not a publicly traded company, your name can still be found with or without subpoena. Consider a form of a trust, wherein you don't file the trust and the name is not based on your name. The issue will be one of copyright and how you may be able to protect your copyright. You can use a pen name and deal with the publisher on how checks are written and the like. Many use pen names and the true identities are never discovered.
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