What you've read is ridiculous. There is no way to form a corporation or trust to eliminate online records, nor can you redact public records.
A sad reality of the internet, which is beneficial if you want information, and bad if you want privacy is that you can find almost everythig about everybody, very easily. There is no erase button. And since there are many tens of thousands of search sites, even removing yourself from 30 matters little. If you have the time, you certainly can get a few of the mosot reputable sites to limit what they show about you (you can even get google to not index entire web pages) but you'll never get everything back in private.
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I often say as cocktail chatter that there is no gravity on the Internet, what goes up does not come down.
That having been said, I have worked for dozens of clients to get information removed or search engine de-listed. I would say the success rate for these kinds of actions among Internet attorneys is around 70% and that the cost is from $1,000 to $1,500. It all depends on the circumstances.
You may want to discuss with a lawyer in more detail. Most lawyers on Avvo, including myself, offer a free phone consultation
Andrew M. Jaffe
Attorney at Law
Practice Limited to E-Commerce and Internet Law
This post is provided for general informational purposes only and is not intended to be legal advice specific to you. This general information is not a substitute for the advice of an attorney in your jurisdiction. The attorney client relationship is not established by this post.
I would only add that generally this becomes a more expensive prospect than anticipated by most.
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