Why Incorporate in Wyoming
Wyoming LLC fees and other expenses are less than most other states. Wyoming has no business license fees or officer filing fees. When you form a Wyoming LLC, 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. Click here to compare states.
Wyoming is also one of the most cost-effective states to incorporate in. Call us at 1-307-632-3333 to go over what your needs are or click here for pricing.
Wyoming Corporate Services shows you why you should form a Wyoming LLC or corporation. We also provide optional banking introduction services, aged shelf companies, address services, mail forwarding, phone services, privacy services, nominee services, registered agent service, CPA package and attorney privacy packages.
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 advantages like 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 a Wyoming 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.
For new Wyoming Corporation or Wyoming LLC formation, we can have your certified documents filed, stamped and returned to us by the state within 1 business day, after you place your order! Just check the box for that service, in the “extra services” area of the order form.
If you have a Wyoming LLC, 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
Among the many other advantages of incorporation here, there are no State taxes for Wyoming LLCs. 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 LLCs, keep in mind that the Nevada has voted in a bill installing a corporate gross receipts tax (no deductions allowed). That same bill raised the yearly fee for a Nevada corporation by 150%! Nevada has raised rates on corporations by about 400% in the last 9 years! Don’t gamble on Nevada.
According to the new 2020 edition of the Tax Foundation’s State Business Tax Climate Index, “Wyoming has the most business-friendly tax system of any state,” for the ninth year in a row.
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.
Wyoming has Close Corporations. These are special companies authorized by the Wyoming Legislature for small business owners. One advantage of these corporations is that there is less paperwork required to keep them going. Few states have them. You can read about them here.
Wyoming now has Close LLCs. Less paperwork. Easier to manage. This type of Wyoming LLC is 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 provide full time Resident Agent Services in the state of Wyoming. 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 with your Wyoming LLC formation.