Wyoming Corporation v. Nevada Corporation




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Check out the advantages of incorporating in Wyoming:

  • No State Income Taxes
  • No information collected to be shared with IRS
  • Privacy allowed
  • Shareholders are not listed with the state
  • Best Asset Protection Laws
  • Nominee officers are legal
  • Citizenship not required
  • State tax not being considered
  • Wyoming draws little attention
  • No Nevada "Stigma"
  • Lower Startup Costs

Wyoming state fees are 50% less than Nevada's.  And that's not including the "hidden" officer filing fees that you learn about only after you start your company there.  Nevada will hit you with a $125 fee 30 days after you start your company!   Wyoming does charge an officer filing fee, 12 months after you start your company.  The cost?  $50 and that's the second years total state fee!   Oh, and no state business license is required in Wyoming either.  Just another "little" $100 per year hidden fee that they don't like to talk about in Nevada.  All this means is we can deliver a quality company package to you for much less than you would pay in Nevada. 

  • NEW 2008 study shows Wyoming to be the most business-friendly, lowest tax state, of all 50 states, ...again.

According to the new 2008 edition of the Tax Foundation's State Business Tax Climate Index, "Wyoming has the most business-friendly tax system of any state."  It was number one in 2007 as well.  Click here to see the 2008 report.

  • Asset Protection

A Wyoming corporation or LLC offers its officers and directors a high degree of protection from lawsuits filed by disgruntled creditors or over zealous plaintiff attorneys. Doing business as a Wyoming Corporation can give you asset protection and business privacy.  There is much information on this web site which outlines the benefits of  using various types of structures. The first LLC statutes in the United States were instituted in Wyoming in 1977.  Since Wyoming has had limited liability companies available longer than any other state and has strong laws protecting members and managers of an LLC, we feel it is the state of choice for establishing LLC's.

  • Privacy

Wyoming allows Nominee Officers and Lifetime Proxies.  Attorneys and Accountants are often asked to provide an anonymous "company cover" for their clients. To do this you need to appoint nominee officers and/or directors for the company. We can arrange this for you. See this section for the advantages of Lifetime Proxies, Nevada does not have them.

NEWS FLASH: Nevada now requires the Social Security number, date of birth, resident addresses, and telephone numbers of all shareholders, partners, officers, managers and members of all companies formed in the state.  See the Nevada Business Registration form that you would have to fill out here.

  • 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.  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 are not a US Citizen we have a whole 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 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!

  • Easy to Move 

Wyoming has made it easy to move your existing corporation to Wyoming.  Something you can not do in Nevada.  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. Less time to manage. Perfect for a closely held family company. You can see the details here.

Wyoming Corporate Services, Inc. has been in business in Cheyenne Wyoming for many years.  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!

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Copyright 1994-2008 by Wyoming Corporate Services, Inc.-  Disclaimer and Privacy Policy

Wyoming Corporate Services, Inc.  provides general business information and related services. It does not provide legal, accounting or other professional advice. If you need advice concerning the specific applications of our products and services, you should consult with an attorney or other appropriate professional.  We will be happy to provide references to attorneys or other appropriate professionals upon request.
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