LEARN MORE ABOUT WYOMING
Capital: Cheyenne
State abbreviation/Postal code: Wyo./WY
Governor: Dave Freudenthal, D (to Jan. 2011)
Secy. of State: Max Maxfield, R (to Jan. 2011)
INCORPORATE OR FORM AN LLC IN WYOMING
Benefits of incorporation in Wyoming may be substantial for your business, if your business is located in another state, your home state's corporate filing fees and reports may still be required. We can provide you with information about your area so you can decide if a Wyoming corporation is the right move for you.
There are a number of business entity types to consider when you are deciding the structure of your Wyoming business. The most advantageous entities to form in Wyoming are typically corporations or LLCs. Although other entity options are possible, these are the entities that offer the highest level of liability protection in Wyoming. As you review the characteristics of incorporating or forming an LLC in Wyoming, be sure to keep in mind both the present and future needs of your business. Often, when you start a business it begins as a small organization.
INCORPORATE YOUR BUSINESS IN WYOMING
➣ Great Asset Protection Laws
➣ No Information shared with IRS
➣ Privacy Allowed
➣ Shareholders Not Public Record
➣ Citizenship Not Required
➣ No State Income Tax
➣ Best Asset Protection Laws
➣ State tax not being considered
➣ Wyoming draws little attention
1. Assets Protection
Owners of limited liability companies (LLCs) and corporations receive limited liability protection. Owners' assets cannot be seized as a result of the LLC or corporate liabilities. Due to the privacy protection offered to the shareholders, it is more difficult for any party to track business owners and owners' assets.
2. Freedom
You can operate your Corporation and live anywhere in the world and you do not have to be a US citizen to incorporate in Wyoming.
3. No State Taxes
There are no State taxes in Wyoming on corporations. If you choose to incorporate in Wyoming your company may not pay State taxes at all. If you are comparing Nevada and Wyoming, keep in mind that the Nevada State Legislature is being lobbied hard to install a corporate income tax. Don't gamble that this will not happen. Wyoming never has and never will have a state income tax on corporations. It is one of the only states with a budget surplus!
4. Easy to Move
Wyoming has made it easy to move your existing corporation to Wyoming.