Forming A Company In Wyoming

• Forming An LLC Or Corporation In Wyoming
• FAQ
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Forming an LLC or Corporation in Wyoming 

While Delaware is often associated with LLCs, it is important to note that Wyoming was actually the birthplace of this business entity. In the late 1970s, the Wyoming legislature introduced the LLC, which quickly gained popularity and revolutionized the way businesses operate in the United States. The LLC was officially established in Wyoming in 1977. It is important for businesses to be aware of the various states that offer LLCs as a business structure and to carefully consider the benefits and drawbacks of each state when making a decision about where to incorporate.

Wyoming does not have an individual income tax. Wyoming also does not have a corporate income tax.

Wyoming does not tax out-of-state income, which means that even if the majority of your business is conducted elsewhere, it won’t be taxed by the state.

To entice LLCs and Corporations, the filing fees and franchise taxes are low in comparison to other states.

When you form an LLC or a Corporation in Wyoming, there is no business income tax or franchise tax to pay.

Wyoming also offers lifetime proxy, which means you can appoint someone else to represent your stock or shares and vote on your behalf. This allows the legal owner of the shares or stock to remain completely anonymous.

Wyoming is the best State in the USA for Owner and Shareholder Privacy! Wyoming allows you to form your company privately.

Wyoming offers business entity structures for small businesses called the “Statutory Close Corporation” for corporations with a limited number of shareholders and the “Statutory Close LLC” for LLCs with a limited number of members. This option is available to Wyoming LLCs and corporations with 35 or fewer members or shareholders and may be appealing to family-owned businesses or small business partnerships. Statutory close companies have fewer regulations and can operate in a more informal manner similar to a partnership. This structure is often chosen by entrepreneurs and founders in Wyoming due to its flexibility and simplicity. The Wyoming Close Corporation allows small companies to bypass some traditional corporate formalities, such as electing a board of directors or holding annual meetings, yet still keeping the more prestigious C-Corporation business entity type.

For international, non-US entrepreneurs and founders, forming a Wyoming LLC or C-Corporation may be a cost-effective and convenient option. The process of forming and maintaining a business in Wyoming is typically less expensive than in Delaware and requires minimal annual filing requirements. This simplicity may be attractive for businesses seeking to minimize their costs and administrative burden.

While it is true that we are a Wyoming C-Corporation, it is important to note that there are several valid reasons why forming a business in Wyoming may be a desirable option for some businesses. These may include the cost-effective and straightforward process of forming and maintaining a business in the state, as well as the favorable business environment and legal protections offered by Wyoming.

It is important for businesses to carefully consider their specific needs and goals and consult with legal and financial professionals before making a decision about the appropriate state of incorporation. If you are unsure whether forming a Delaware company is the right decision for you please click one of the options below to find out more or seek professional advice.