Why Incorporate with a Wyoming LLC?
Wyoming is one of the fastest-growing states for low-cost, low-maintenance and no state tax incorporations. Why? Because Wyoming has actively sought to make it’s corporate law and business tax structure friendly and attractive to out of state companies looking for the best all-around asset protection, tax and legal structure.
In a Wyoming LLC, the state only requires officer and director information. No information on shareholders is collected or shared with the IRS. In a Wyoming LLC, nominee officers and directors can be used as well as bearer shares to enhance privacy.
A Wyoming LLC has strong asset protection law – perhaps the strongest in the United States today.
A Wyoming LLC is inexpensive compared to other states, even Nevada. Minimum filing fees add up to maximum savings for you.
A Wyoming LLC has one of the lowest annual fee structures in the United States. Because the Wyoming annual fees are based on assets or employees physically located in Wyoming, you could pay as little as $50 per year to maintain your non-resident Wyoming LLC entity.
A Wyoming LLC has no minimum capitalization requirements. Some states, such as Texas insist that you put at least $1,000 into your entity on formation!
Directors, officers and shareholders do not have to live in or hold meetings in Wyoming. Telephone meetings are permitted. In a Wyoming LLC, one person may hold all director and officer positions and directors and officers do not have to be stockholders
Article Courtesy of: Gerrett Sutton / Sutton Law Center / http://www.sutlaw.com