Why Incorporate in Wyoming
Wyoming state fees are less than most other states. Wyoming has no business license fees or officer filing fees. This means we can deliver a quality company package for much less than you would pay in Nevada or Delaware. And, if you incorporate in Wyoming, your state renewal fee is, in most cases, $50, that is 92% less than what you will pay in Nevada for a corporation. (Click here to compare the two states.) Wyoming is also one of the most cost effective states to incorporate in and also to maintain in the following years. (Click here for pricing.)
And, the nice thing about a Wyoming LLC formation is that are many other reasons to incorporate here.
A Wyoming LLC formation or corporation offers its officers and directors the highest degree of protection from lawsuits filed by disgruntled creditors or overzealous plaintiff attorneys. Doing business as a Wyoming Corporation or LLC can give you asset protection and business privacy.
The first LLC statutes in the United States were instituted in Wyoming in 1977 and changed in 2010 to stay current with the times. Since Wyoming has had limited liability companies available longer than any other state and has the strongest laws protecting members and managers of an LLC, we feel it is the state of choice for establishing LLC’s.
Wyoming does not require the manager nor the members of an LLC to be listed on a public database. Nevada requires a tax ID number of the company and personal guarantee by you on the state’s business license.
If you incorporate in Wyoming you can operate your Corporation and live anywhere in the world; you do not have to be a US citizen to incorporate in Wyoming. But, in order to give substance to your operation, you should know about our Office Service Contract and learn how use of this inexpensive option will give “presence” to your remote corporate operations. And, if you are not a US Citizen, we have a section for you to read here.
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. Stop for a minute and think what you paid last year in your States income tax.
If you are comparing Nevada and Wyoming, keep in mind that the Nevada has voted in a bill as of June 2015 installing a corporate gross receipts tax (no deductions allowed). That means that some companies in Nevada will pay more in Nevada state taxes than they will in California! This same bill raised the yearly fee for a Nevada corporation by 150%! Nevada has raised rates on corporations by about 400% in the last 8 years! Don’t gamble on Nevada.
According to the new 2015 edition of the Tax Foundation’s State Business Tax Climate Index, “Wyoming has the most business-friendly tax system of any state,” for the seventh year in a row.
Easy to move your company to Wyoming
Wyoming has made it easy to move your existing corporation to Wyoming. You can move it from any other state to Wyoming. That service is detailed here.
Special Easy-to-Use Wyoming Corporate Structures
Wyoming has Close Corporations. These are special companies authorized by the Wyoming Legislature for small business owners. Less paperwork is required to keep them going. Few states have them. You can read about them here.
Wyoming now has Close LLC’s. Less paperwork. Easier to manage. Perfect for a closely held family company. You can see the details here.
Wyoming has Asset Protection Trusts. This is the best asset protection you can get inside the US. Details are here.
Wyoming Corporate Services, Inc. has been in business in Cheyenne, Wyoming since 2003. We specialize in helping you incorporate in “tax free” Wyoming and have strategies to help you lower your tax liability in your home state, increase your asset protection, and give you back your privacy. We think that you will find the information you need, on this site, to help you make the decision to start your company in Wyoming!