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Wyoming LLC | Wyoming Limited Liability Company

LLC | Limited Liability Company

LLC filing is nothing new to the cowboy state.  Wyoming was the first state to adopt the originally German (Gmbh) or limited liability company statutes, and Wyoming continues to be the best place to form your LLC for the following reasons:

 

LLCs Require Less Paperwork Than a Corporation

There is less paperwork required to keep an LLC current.  Formal requirements of board of director meetings, shareholder meetings are not required for Wyoming LLCs.  Every year you are required to file an annual report, you can elect to have us file it for you.  It is a simple list of financial questions about the Limited Liability Company established in Wyoming.  You are not required to file a list of managers and members for the LLC.

 

Wyoming Has No Business Tax

Wyoming does not force you to register your business with the State and pay a fee simply to be a business in Wyoming.  Nevada recently shocked the registered agent and incorporation community by requiring a business registration tax of $100, after paying hundreds more to form your corporation.

 

Limitation of Liability

The officers and directors of a Wyoming corporation are protected by statute and case law from the debts and actions of the corporation.  The charging order protection is as good as any LLC.  In fact, Wyoming was the first state in the US to offer an LLC.  Limited liability is the core of the LLC.  To keep your personal assets separate from your business assets.

 

Information Privacy is the Default

In broad terms, Wyoming does not share taxpayer information with the Internal Revenue Service (IRS).  Some states like Nevada require some sort of social security number registration for some of their products.  You are not going to find that behavior in Wyoming.  We like to be free from control.  Register a Wyoming LLC without ssn requirements in Wyoming.

 

Complete Anonymity is Possible

Annual reports require the name of only one person and report only the assets located in Wyoming.  For example, if we file the annual report for you as the authorized agent, our name will show up on the public record.  The filed annual report is available through PDF download for the whole world to see.  Keep your privacy and remain anonymous with a Wyoming LLC.

 

Low State Fees

The Wyoming state filing fee is only $100; the annual report fee is $50.  There are no “hidden fees” for registering Managers or changing your address, as might happen with other States such as Nevada.  If you file Wyoming LLCs or Wyoming Corporations online there is an extra charge.  A big $2!  Wyoming is truly a business friendly state.

 

Low Regulation is the Rule

Wyoming does not have the bureaucratic regulations of many states.  A Wyoming L.L.C. is so easy to start and maintain.  File basic information for the L.L.C. and pay the state a required filing fee of $100.  The next year, you will file an annual report and pay the state a $50 fee, more if you have a large amount of assets located within the borders of Wyoming.

 

Single Member LLCs Are Allowed

One person is all you need to create and manage a Wyoming LLC. Single-member LLCs are disregarded entities by the IRS because profits and losses are passed directly onto the sole Member’s federal tax return (eg., Form 1040). Though they are allowed, keep in mind that LLCs are intended to function as a partnership and some corporate protections have been successfully challeneged in courts for single-member LLCs.

 

Nominee Managers Are Allowed

For maximal privacy, you can use a nominee manager for your LLC. This prevents your name from appearing on the public record.  We will file your LLC.  We will file your annual report.  We will file any amendments.  All with our officer on public record for the Wyoming Limited Liability Company.  Nominee managers are legal and a common practice in the legal business world.

 

Order Your Wyoming LLC Now

Do you have additional questions? This is Wyoming: Feel FREE to contact us!

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