| No State Income Taxes | Nominee officers are legal |
| No information collected to be shared with IRS | Citizenship not required |
| Privacy allowed | State tax not being considered |
| Shareholders are not listed with the state | Wyoming draws little attention |
| Best Asset Protection Laws | No Nevada "Stigma" |
Wyoming state fees are 87% less then Nevada's. And that's not including the "hidden"
officer filing fees that you learn about only after you start your company there. Nevada will hit you with a $125 fee 30 days
after you start your company! Wyoming does charge an officer filing fee, 12 months after you start your company.
The cost? $50 and that's the second years total state fee! Oh, and no state business license is required in Wyoming either.
Just another "little" $200 per year hidden fee that they don't like to talk about in Nevada.
All this means is we can deliver a quality company package to you for much less than you would pay in Nevada.
Asset Protection
A Wyoming corporation or LLC offers its officers and directors a high degree of protection from lawsuits filed by disgruntled creditors or over zealous plaintiff attorneys. Doing business as a Wyoming Corporation can give you asset protection and busines privacy. There is much information on this web site which outlines the benefits of using various types of structures. The first LLC statutes in the United States were instituted if Wyouming in 1977. Since Wyoming has had limited liability companies avaliable longer than any other state and has strong laws protecting members and managers of LLC, we feel it is the state of choice for establishing LLC's.
Privacy
Wyoming allows Nominee Officers and Lifetime Proxies. Attorneys and Accountants are often asked to provide an anonymous "company cover" for their clients. To do this you need to have appointed nominee officers and/or directors for the company. We can arrange this for you. See this section for the advantages of Lifetime Proxies, Nevada does not have them.
Lifetime proxy — John D. Rockefeller was the first individual to acquire a personal net worth of one billion dollars. When asked late in life how he accomplished such a feat he is reported to have shared with a young interviewer that his simple secret was to "own nothing and control everything." That is indeed wonderful advice for a host of reasons (consider, no one can take from you that which you do not own) but it is sometimes more easily said than done. By allowing another person or entity to own shares you can use proxies to maintain complete control. The problem is that most state laws require proxies to expire and be subsequently renewed every six or seven years. If the "legal owner" declined to renew your proxy you could be literally be left with nothing and no recourse. It is not a scenario that makes us feel secure nor is it one that we would recommend to you. However realize that Wyoming allows for lifetime proxies thereby protecting you from any such problem arising.
Freedom
You can operate your Corporation and live anywhere in the world and 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 are not a US Citizen we have a whole section for you to read here.
Office Service Contract - If you need a Corporate Presence in Wyoming we will provide that service. Mailing address, mail forwarding, separate phone in the company name, phone number can be listed in yellow pages for an added fee, phone answered in the company name by a live person, fax number with forwarding, and use of an office when you visit.
No State Taxes
There are no State taxes in Wyoming on corporations. 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, keep in mind that the Nevada State Legislature is being lobbied hard to install a corporate income tax. Don't gamble that this will not happen. Wyoming never has and never will have a state income tax on corporations. It is one of the only states with a budget surplus!
Easy to Move
Wyoming has made it easy to move your existing corporation to Wyoming. Something you can not do in Nevada. That service is detailed here.
Special Easy to Use Corporate Structures
Wyoming has Close Corporations. These are special companies authorized by the Wyoming Legislature for small business owners. Less paperwork is required to keep them going. Few states have them. You can read about them here.
Wyoming now has close LLC's. Less paperwork. Less time to manage. Perfec for a closely held family company. You can see the details here.
Wyoming Corporate Services, Inc. has been in business Cheyenne Wyoming since 2003. 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 make the decision to start your company in Wyoming!
Copyright 2002-2011 Wyoming Corporate Services, Inc. - Disclaimer and Privacy Policy
Wyoming Corporate Services provides general business information and related services.
It does not provide legal, accounting or other professional advice. If you need advice concerning the specific applications of Wyoming Corporate Services products and services, you should consult with an attorney or other appropriate professional. Wyoming Corporate Services will be happy to provide references to attorneys or other appropriate professionals upon request.