llc advantages

llc advantages

A Wyoming LLC can be owned by almost anyone or almost any company in the world, (unless that company or person is in a US-restricted country). This allows for great flexibility in the management of an LLC.

A Wyoming LLC is normally the best type of entity to hold real estate, as you can have the profits flow through to the owners without double taxation, and yet the LLC protects the owners from liabilities that otherwise could flow through to them. This protects their other assets.

Since Wyoming does not have gross receipts taxes on an LLC, unlike states like Nevada, a Wyoming LLC is most likely the company and state to use to hold assets. You can read more about the advantages of forming an LLC here on our Wyoming LLC law page.