Wyoming Benefits

Start Your Business The Right Way: Benefits Of Incorporating in Wyoming

When starting an LLC or a corporation, businesses have the option to incorporate in any state, regardless of their physical location. However, it is important to carefully consider the pros and cons of each state before making a decision, as different states may offer different benefits and drawbacks. Factors to consider may include incorporation fees, tax laws, legal protection, and ease of incorporation. By weighing these factors and consulting with legal and financial professionals, businesses can choose the state that is most beneficial to their specific needs and goals.

Forming an LLC or corporation in Wyoming offers several advantages, such as increased privacy and anonymity, lower fees, simple formation process, minimal business license requirements, relaxed formalities, beneficial tax treatments, a supportive business environment, a complimentary certificate of good standing, and annual reports that only need to be filed annually.


Here are a few potential reasons why incorporating in Wyoming might be a better choice for some businesses:

  1. Greater privacy and anonymity: Wyoming has strict privacy laws that provide a higher level of privacy for businesses, and it may be a better option for those who value their privacy and anonymity. In terms of privacy protection, Wyoming allows the establishment of anonymous LLCs and Corporations through state-registered agents. Through these services, business owners wouldn’t need to list their information on public paperwork when registering their business. Wyoming also offers lifetime proxy, which means you can appoint someone else as a nominee 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.
  2. Lower fees: Wyoming has lower fees for incorporating a business and maintaining the company’s articles of organization (for LLCs) or articles of incorporation (for Corporations).
  3. Ease of formation: Incorporating in Wyoming is generally easy, the process is simple and less time-consuming, and there are fewer requirements for businesses to meet. After filing the necessary documents to the Secretary of State Of Wyoming, an LLC or a corporation is usually formed the very next business day without requiring any expedited service fees.
  4. No business license requirement for most businesses: Fortunately, there is no general Wyoming business license per se. For most businesses in the state of Wyoming, a business license isn’t necessary, so there are no extra fees to pay or forms to file. You must only pay for an annual report and maintain a registered agent in Wyoming.
  5. Fewer requirements: Wyoming has fewer requirements for maintaining corporate records and holding annual meetings than Delaware. This is especially true with Wyoming Close LLCs or Close Corporations that have reduced reporting and other bureaucratic requirements. These benefits drive new companies to Wyoming every day.
  6. Favorable tax treatment: Wyoming has no state corporate income tax, which can be a significant advantage for businesses looking to minimize their tax burden. 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.
  7. Business-friendly environment: Wyoming has a reputation for being a business-friendly state, with a relatively simple and straightforward process for incorporating a business.
  8. Certificate Of Good Standing is FREE: Unlike many other states, including Delaware, Certificate Of Good Standing for an LLC or Corporation is free of charge in Wyoming and can be easily obtained online at the Wyoming Secretary of State’s website.
  9. Annual Report Due Date: Annual Reports for corporations and LLCs are due on the first day of the anniversary month of formation. For example, if your ‘initial filing’ date is December 30th, your Annual Report is due December 1st of each year.


Even-though it is more beneficial for most businesses to form an LLC or Corporation in Wyoming, there are a few potential disadvantages to incorporating in Wyoming:

  1. Fewer legal precedents: Delaware has a long history of corporate law and has established many legal precedents that can be useful to larger businesses. Wyoming has a smaller legal system and fewer established legal precedents, which may make it more difficult for larger businesses to find guidance in certain legal matters.
  2. Limited public information: Wyoming has strict privacy laws, and does not require companies to publicly disclose as much information about their business as Delaware does. Wyoming’s strict privacy laws may make it more difficult for investors, other stakeholders and third party lenders to access information about the company.
  3. Limited access to venture capital: Delaware is home to many venture capital firms and investment banks, which may make it easier for businesses incorporated in Delaware to access funding. Wyoming has a smaller pool of potential investors, which may make it more difficult for businesses to secure funding.

It is also important to carefully consider any potential disadvantages and consult with legal and financial professionals before making a decision about where to incorporate. The appropriate state of incorporation will depend on the specific needs and goals of the business.

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When choosing a name for a business in the United States, it is important to consider a few key factors including availability, distinctiveness, legality and branding.

If you are setting up a Limited Liability Company (LLC) or a Corporation, you will also need to include a designator (suffix) in your business name, such as “LLC” or “INC.” This will help to differentiate your business from other types of legal entities.

Please click here to find out more.

It is not easy to determine which type of business entity, an LLC or corporation, is best for you as it depends on multiple factors such as your business goals, the nature of your business, and your individual circumstances.

If you are a U.S. person / U.S. resident please click here to find out more.

If you are a non-U.S. person / non-U.S. resident please click here to find out more.

Wyoming is a leading incorporation domicile due to low fees, no taxes, simple filing and maintenance requirements along with allowing anonymous LLCs and corporations.

For more information please click here.

If you are a U.S. resident not living in Delaware or Wyoming, the best state to form your business depends on various factors. Typically, it’s advantageous for a U.S. citizen or permanent resident to form the business entity in their home state. However, for most businesses forming a company in Wyoming is also a great choice.

If privacy and anonymity are important to you, forming a Holding Company in a state like Wyoming may be a better choice. Holding Companies can choose their domicile as they are only considered as transacting business if they engage in activities beyond holding assets and leasing them.

For further information, click here.

Common choices for a holding company (a.k.a parent company) are Wyoming, Nevada, Delaware and New Mexico. Wyoming is currently the leading state to form a Holding Company (LLC or Corporation) due to the specific statutes, anonymity, asset protection and comparatively low fees.

Please click here to find out more.

In order to incorporate in Wyoming, you need to have a company name, business address, registered agent, share count, par value, and incorporator. These are the only requirements by law to establish a corporation.

For more information please click here.

Yes, as a non-U.S. person / Non-U.S. resident / International Entrepreneur / International Founder / Digital Nomad you can form an LLC or C-Corp in the United States. In fact, it is not even necessary to physically visit the U.S.A, as it is possible to set up your LLC or C-Corp online.

Please click here to find out more.

You don’t need an SSN (Social Security Number) or ITIN (Individual Taxpayer Identification Number) to get an Employer Identification Number (EIN) from the IRS. An Employer Identification Number (EIN), also known as a Federal Tax Identification Number or a Federal Business Tax ID, is used to identify a business entity not an individual. You only need an SSN (or ITIN) if you want to apply for an EIN online with the IRS.

We have business formation packages for Non-U.S. owner(s) that includes EIN application for a discounted fee of $150. You can also hire us to obtain your EIN from the IRS for a fee of $175.

An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service (IRS) for individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain, a Social Security Number (SSN) from the Social Security Administration (SSA). ITINs are issued to foreign nationals and others who have federal tax reporting or filing requirements and do not qualify for SSNs.

The first step is to get an EIN from the IRS. You cannot open up a U.S. bank account without an EIN for your LLC or Corporation.

The easiest option is to opening up a business bank account online with a Fintech company like Mercury, Novel etc.

Another solution is to visit the United States yourself.

For other options and more information to open up a U.S. business bank account please click here.

Wyoming is a leading incorporation provider with low fees and no corporate income taxes. Delaware is generally only used by those raising venture capital or looking to go public.

For more information please click here.

How Triple B Business can help in starting your new company?

The fastest, easiest way to start your new company? Hire us and get everything you need: registered agent service, privacy, free mail forwarding, and the guidance of local experts.

We currently offer Business Formation Services only in the States of Wyoming and Delaware because these two great states offer multitude of advantages to new small business owners.

Here’s how you can start the process with Triple B Business today in 3 easy steps:


Tell Us Your Business Name

If you have already decided your new business name then simply enter it on our form. We will perform a free name search for you with the state.


Answer A Few Questions.

Answer a few questions and enter the required information on our business formation form. If we have any questions then we will get back to you.


We Will File Your Paperwork

We will complete your paperwork and be off to the races filing your new company with the state.

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Contact Us For A Free Consultation