Wyoming is the premier destination for risk management, tax minimization and privacy. These should not be left to chance. Allow us to be your partner in this journey. We have helped hundreds of clients find their corporate solution. Click here to form your company, here to contact us today or continue reading:
Low Fees: We charge $199 to form your LLC or Corporation. Wyoming then charges $50 per year when you file your annual report. We cost less than LegalZoom.
Asset Protection: Placing valuable assets inside a Wyoming holding company and leasing them to an operations company in another state can protect you from lawsuits, creditors and malicious employees. We can show you how.
No Taxes: Wyoming has no corporate or personal taxes. The holding company mentioned above can divert revenues form high-tax jurisdictions to our State - saving you thousands.
Anonymity: Only we know who owns your company. We file all Secretary of State paperwork and only our names appear on the public record. LLCs are private by default and we offer nominee officer services for corporations.
Simplicity: Everything can be handled online. There is no need to ever visit Wyoming. Wyoming also allows single-member LLCs.
Let us consider an online business, or any other location independent business, which faces little risk of a lawsuit or other credit event. The company has annual profits of $30,000.
Scenario 1: Domicile where you live and pay an average corporate tax rate of 5% or $1,500.
Scenario 2: Domicile in Wyoming - Pay $0 in state taxes, keep your identity private from prying eyes and do what you wish with the extra money.
Wyoming is the easy choice. You may even use our virtual office service for $300 a year. We will handle all your mail and provide you a phone number. This keeps your address off the internet and provides a professional face to the world.
Let us consider a gym which operates in Chicago, IL. Exercise equipment can easily total $100,000 and is a liability. Liability waivers won't matter if a jury finds you didn't "properly" maintain or "adequately" disclose something.
Scenario 1: You domicile in Illinois, and place all your assets into the company. The company shows profits of $50,000 and pays state taxes of 7.75% or $3875.
Scenario 2: You domicile in Illinois. An employee makes a poor choice, or a customer is simply foolish, and you are sued. Everything the LLC owns is at risk. View our blog here for business horror stories, like the lady who walked into an orange ladder, surrounded by cones, while on her phone and was awarded $161k from a sympathetic jury.
Scenario 3: You form a Wyoming holding company which owns all assets. Through leases, loans and royalties you divert $30k of profits to WY where it's not subject to taxes. You save $2325 in taxes. Your company in Chicago is sued, but it owns nothing. The opposing side drops the lawsuit since there's no pot at the end of the rainbow, or you lose the lawsuit but the company owns no assets and thus nothing is lost.
This example holds for many industries. From equipment leasing to restaurants and real-estate. Allow us to craft a solution particular to your situation. Contact us today.
Allow us to handle the details of forming your company. You may find further information on:
It is our goal to make your life easy. We have been in your position, provide significant value and we offer additional asset protection services for those who needing them. In addition to practicing law we have owned and operated our own businesses for over thirty years. This means we understand your situation and can provide creative solutions.
We make forming a company is straightforward and don't overcharge. For your money you receive a company and a partner when your needs change or grow over time. Cheaper "competitors" drop a company in your lap and the help ends there. (If this has happened to you, then contact us and we will help you carve a path forward.)
Allow us to make your life easy. Decide what you want and we will give it to you. Those desiring a little more will find our corporate structuring packages offer time tested risk-management and tax-minimization strategies. Other attorneys charge an arm and a leg for these services, and websites run by non-attorneys don't offer them at all. Learn about our scholarship program here.