Here are some tax benefits of incorporating in Wyoming:
With a corporation, you are allowed to deduct expenses that are required in the pursuit of profit. You may not be able to take these deductions if you are not incorporated.
Among the other advantages of a corporation, having one allows you to have a Defined Benefits Plan, which could allow you to contribute up to $300,000 per year towards your retirement.
Another tax benefit of incorporating is incorporation allows you to establish certain childcare allowances for your employees, which allows them to get money tax-free and allows the corporation to deduct the payments.
Compare Nevada vs. Wyoming Incorporation to see why Wyoming is the best state for incorporating your business!