Wyoming is a popular corporate haven due to its lack of taxes and endemic privacy concerns. These factors drive many new incorporations. Wyoming also has the added benefit of allowing you to hold your shares in a Wyoming LLC or a Wyoming Trust for additional asset protection. This combination of benefits makes our corporations the nation’s most desirable.
Most clients debate between setting up their business in Wyoming, Delaware, or Nevada. So why incorporate in Wyoming instead of other states?
Nevada corporations are very similar to ours, but they face significantly higher fees and are subject to taxes in certain situations. Wyoming corporations generally cost $99 per year to maintain (which includes the secretary of state’s annual report fee and our Wyoming registered agent fee) and have no state taxes.
Delaware is preferable for large corporations looking for an eventual IPO, but smaller businesses will often find their fees and administrative hurdles to be unnecessary, burdensome, and overly expensive. This is especially true when compared to a Wyoming close corporation, which has reduced reporting and other bureaucratic requirements. These benefits drive new companies to Wyoming every day.
A Wyoming LLC is a Limited Liability Company formed in Wyoming and governed by Wyoming statutes. The Wyoming LLC is a business entity that is a hybrid of corporations and partnerships. Wyoming LLCs use the tax structure of partnerships and the limited liability features of corporations. Combining these elements into one legal entity has helped make the LLC the most widely-used business structure in America.
Virtual offices allow business owners the benefit of an office without the hassle. Few small business owners want to handle mail, negotiate a lease and manage employees if they don’t have to, and even fewer internet businesses want to hand out their home address. In short, many clients would like the benefits of an office without drawbacks. This is where we come in.
If we are your registered agent, we’ll include free Wyoming mail forwarding for five pieces of mail per year. Junk mail and registered agent mail do not count toward that total. For these five pieces, we’ll include mail scanning service, and if forwarding is required, we’ll only charge postage. Note that your first year of registered agent service is free if we form your LLC. Need more? You can also sign up for unlimited mail forwarding and virtual offices.
Forming a Wyoming LLC offers a unique blend of benefits which make them highly sought after. They offer anonymity, asset protection and low annual fees. These advantages make them ideal for setting up a holding company, or for operating small to medium sized businesses.
If you insure your home, car and health, then why not insure your assets? You may set up an asset protection trust for yourself, family or charity. Your trust can be used to protect assets, anonymously title property or as part of a larger estate plan. A Wyoming asset protection trust allows you to protect assets without losing control, naming third party beneficiaries or moving assets to an offshore trust.
Any bank can open an account for a Wyoming LLC or Corporation. Larger banks are generally easier since they are familiar with a variety of accounts already. Handling an anonymous LLC from another state is not a unique request. You may, however, have a favorite local bank and there is no reason you may not use them.
We’re a success story. We do our clients right, year after year. We actually only charge $150 to form a Wyoming LLC for you. We do it right the first time. Keeping your information offline. Keeping you private. This is what we do. We want to help you get this done fast, so you can move on and do what you do.
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