Combine the protection of a corporation with the simplicity of a partnership with an LLC
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.
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.
Information Privacy is the Default. In broad terms, Wyoming does not share taxpayer information with the Internal Revenue Service (IRS).
Complete Anonymity is Possible. Annual reports require the name of only one person and report only the assets located in Wyoming.
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.
Low Regulation is the Rule. Wyoming does not have the bureaucratic regulations of many states.
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.
Do you have additional questions? This is Wyoming: Feel FREE to contact us!
Choose from these types of Wyoming Corporate Entities:
Wyoming Profit Corporations
Wyoming corporations are ideal for rapid and inexpensive yet robust asset protection, privacy, and business credit acquisition.
Order a Wyoming Corporation
Starting at $199
Limited Liability Company
The Wyoming LLC does not have the formal meeting requirments of a corporation, and can still be taxed as a partnership or a corporation.
Order a Wyoming LLC
Starting at $199
Aged Shelf Companies
Shelf corporations and shelf LLCs each commenced business between 3 months and 5 years ago, and each is provided with a complete corporate kit.
Order a Wyoming Shelf Company
Starting at $495