THE BENEFITS OF a wyoming llc

Wyoming Limited Liability Corporations offer a unique blend of benefits which make them highly sought after. They are ideal for small to medium sized businesses, and can be a good fit for larger corporations. Businesses with significant operations in other states can still benefit from corporate structures utilizing a WY LLC. Continue scrolling or click the link which interests you.

Benefits:

WY has led the country in corporate innovation since being the first state in the union to allow LLCs. We also have a $10,000,000,000 rainy day fund. This means we have no interest in scaring away our corporations with frivolous fees and taxes. Read below for insights into WY LLC benefits, and click the associated link for a technical discussion.

LOW FEES & MAINTENANCE COST

Forming an LLC with us costs $199. This includes everything you need for the first year. There are no hidden fees or surprises, unlike incorporating in Nevada.

  1. First Year: $199 Total
  2. Every Year After: $99 Total

Every year thereafter, LLCs must file an Annual Report and pay $50 to Secretary of State. You must also maintain a registered agent. We only charge $49. This makes your annual fees to maintain the company $99... Form yours now $199

No Taxes

Wyoming has no personal or corporate income tax. This benefit is not limited to companies operating within Wyoming.

Example 1: Ecommerce store incorporates in Wyoming. Pays no state taxes on its profits. This could save 5-10% of your profits versus domiciling in your home state.

Example 2: A company has operations in other states, but forms a holding company in Wyoming. The holding company owns all assets and leases them back to the operations company. Cash for operations is loaned to the operations company. Through these and other means, a significant portion of profits can be diverted to a no tax jurisdiction.

The lack of taxes make Wyoming an attractive destination for both new and established companies. The important part is properly working a Wyoming LLC into your corporate plans. This is where we can help. Note, Nevada, Ohio and Texas have asterisks next to their names. Form your LLC by clicking here.

state corporate tax

Privacy - Anonymous Ownership

Wyoming allows the members and managers of LLCs to remain private/anonymous. Only we know who forms and owns the LLC. This information is protected by attorney-client privilege. The state only knows who organized the LLC, which is us. Contrast this with other states which require a TIN/EIN and personal guarantee on the state license.


Privacy is important and should not be forsaken. The more information which appears in the public record the easier it is for creditors to pursue you and nosy neighbors/family to know your business. No one gains anything by flauntin their wealth. Guard your privacy with a Wyoming LLC today.

ASSET PROTECTION

Owning and operating a company comes with inherent risks including lawsuits, damage claims and professional liabilities, just to name a few. Incorporating in Wyoming provides officers and directors protections unavailable elsewhere because many laws concerning asset protection are determined at the state level. This provides breathing room from relentless creditors and egregious attorneys. These liabilities can arise through no fault of your own because of wayward employees or greedy customers.

Handling these risks properly can prevent disastrous losses damaging to your busness and/or personal assets. Mitigating such risks requires you begin sooner rather than later given many asset-protection plans become stronger with age and should be in place BEFORE a lawsuit or claim arises. Wyoming offers single-member LLCs and the strongest charging order protections in the USA.

Flexibility & Regulatory Environment

Corporate formalities and other such restrictions are minimized when you incorporate and do business in Wyoming. Less red tape means more time to focus on what really matters. Wyoming has:

  • No citizenship requirement
  • No need to visit Wyoming
  • Everything can be handled online
  • Close Corporations are allowed
  • Operating agreement not required
  • No minimum capital contribution

Wyoming vs. Nevada & Delaware

WY LLCs beat the nation when it comes to cost. Yes, this means we are cheaper than Nevada too. In fact, Nevada has consistently raised filing fees for nine years and recently implemented a gross receipts tax which offers no deductions. Wyoming, on the other hand, has no business license fees or officer filing fees and the annual renewal fee is $50.

Benefits Wyoming Delaware Nevada
No state corporate income tax:
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No tax on corporate shares:
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No franchise tax:
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Minimal annual fees:
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One-person corporation is allowed:
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Stockholders are not revealed to the State:
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No annual report is required until the anniversary of the incorporation date:
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No Initial List of Officers/Members is filed with the state:
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No general Business License required:
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Unlimited stock is allowed, of any par value:
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Nominee shareholders are allowed:

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Share certificates are not required:
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Minimal initial filing fees:
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No minimum capital requirements:
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Meetings may be held anywhere:
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Officers, directors, employees and agents are statutorily indemnified:
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Continuance procedure (allows adoption of a corporation formed in another state):
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Doesn't collect corporate income tax information to share with the IRS:
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Final Thoughts

The value of each benefit above depends on the situation. Some are seeking to lower their tax bill, while others strongly desire privacy. We sincerely believe our LLCs offer an unbeatable mix of attributes for a majority of individuals and companies looking to start or expand their business. If you want to know more about our offerings and whether they can be of assistance for you, then please reach by completing the contact form below.

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