Start a Wyoming LLC
Wyoming LLC Services makes it simple to start a Wyoming LLC or a Corporation by completing all required State documents for you! Let us help you incorporate in business friendly Wyoming.
Wyoming LLC Services is a professional Wyoming Registered Agent (we are a Commercial Registered Agent listed with the Wyoming Secretary of State) that has the knowledge and experience to handle filing your organization articles correctly. We specialize in the Wyoming incorporation process so you don't have to.
Make it simple. Call us (307) 509-0781.
As your Wyoming Registered Agent our goal is to keep satisfied customers by continuing to strengthen our business relationship through quality product, superior customer service, and economical pricing.
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Wyoming Limited Liability Company
Wyoming LLC
"Hybrid between a corporation and a limited partnership"
In 1977 a piece of special legislation was passed creating a unique entity called the Wyoming Limited Liability Company.
It provides protection from personal liability like a corporation and receives the tax treatment of a limited partnership without limitation on citizenship of members or numbers of members.
No general partner is liable for all debts of the enterprise.
Each member of a limited liability company enjoys liability limited to the extent of their investment in the program and pays tax individually in proportion to ownership thus avoiding the corporate malady of double taxation.
4 Advantages of a Wyoming LLC
1) Limited liability - a creditor of the limited liability company may not seek satisfaction of any limited liability company debt against the personal assets of any member of the limited liability company.
2) Tax advantage - the members each pay their share of tax on their share of profits avoiding double taxation of limited liability company profits.
3) Number of investors - may have any number of investors; not restricted to 35 like an "S" Corporation.
4) No general partner - unlike the general partner in a limited partnership, the manager of a Limited Liability Company does not have unlimited personal liability for debts and the manager need not maintain one percent interest in the entity.
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Wyoming Corporation
The Wyoming corporation is the stalwart business entity most commonly formed for raising capital and limiting individual liability.
The corporation is a super "person" which may live forever or be empowered to protect the shareholder from economic harm.
It may own assets, sue or be sued, transfer its ownership easily, borrow money, mortgage its assets, and file bankruptcy.
The corporation’s profits are taxed and dividends paid by the corporation to its owners are also taxed leading to the undesirable element of "double taxation."
A board of directors and corporate officers remove day to day management from the hands of the owners (shareholders).
Shareholders may elect the board at shareholder meetings.
Corporations may also be held criminally responsible for egregious activities.
5 Advantages of a Wyoming Corporation
1) Limited liability - no shareholder, officer or director may be held liable for debts of the corporation unless corporate law was breached.
2) Capital generation - may sell common or preferred stock, issue bonds, borrow money, mortgage assets, or contract for many types of financing.
3) Continuity of life - the entity exists forever so long as corporate regulations are met. No need to wind up operations if an owner or manager dies.
4) Ease of ownership transfer - the assets may be sold, transferred, pledged, or mortgaged simply by using stock.
5) Centralized management - practical control of business is performed by officers at the direction of the board of directors. Control is vested in majority ownership.