Wyoming Corporations $199 - Includes Attorney Client Privilege

Wyoming Corporations $199

Anonymous, No Taxes & More


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Wyoming LLC & Trust Attorney / Form a Wyoming Corporation

Why Wyoming's Corporation?


Wyoming is a popular corporate haven due to its lack of taxes and endemic privacy concerns. These factors drive many new incorporations. Wyoming also has the added benefit of allowing you to hold your shares in a Wyoming LLC or Wyoming Trust for additional asset protection. This combination of benefits make our corporations the nation's most desirable.

Most clients debate between domiciling in Wyoming, Delaware or Nevada. Nevada corporations are very similar to ours, except they face significantly higher fees and are subject to taxes in certain situations. Wyoming corporations nominally cost $101 per year to maintain (which includes the Secretary of State's annual report fee and our registered agent fee) and have no state taxes.

Delaware is preferable for large corporations looking for an eventual IPO. Smaller businesses will often find their fees and administrative hurdles nothing more than a hassle, i.e. unnecessary, burdensome and expenses. This is especially true when compared to the Wyoming Close Corporation which has reduced reporting and other bureaucratic requirements. These factors drive new companies to Wyoming every day.

What’s The Process?


  1. Complete the order form.
  2. We incorporate you within 24hrs.
  3. Login anytime to view or print your articles, bylaws, etc.

Wyoming's Secretary of State has minimal reporting requirements. They only require the company list the registered agent and an address for service of process. The agent acts as the company's face. Annual reports request an officer, but nominees may be used. We happily act as your nominee when filing the report to help enhance your privacy.

  • Simplicity: The entire process is taken care of online. We only need five minutes of your time and we handle the rest within one day.
  • Fees: $199 the first year. Then a $52 annual report and our $49 Wyoming registered agent service.
  • Taxes: None.
  • Privacy: You receive anonymity the first year, and can use our nominee service for subsequent years.
  • Liability: We offer nation leading charging order protection. This combined with our privacy give you safety from creditors.
  • Taxes: WY does not tax personal or corporate income. This means you are free from state income taxes.

Learn more about Wyoming's corporate benefits here.

Our Offerings


Standard Corporation $199: This package includes everything you need to get started, including the State incorporation fee of $102. You will receive your articles of incorporation, certificate of incorporation, organizational meeting minutes, bylaws, share subscription agreement and share certificate. This fee does not include your Federal tax identification number of FEIN.

This is ideal for ecommerce, or other industries with little chance of facing creditor problems or lawsuits. It’s primarily for companies just starting out who have yet to see significant revenue.

Custom Corporate Structuring: Businesses with significant revenue or assets should properly segregate their risk. Various shareholder classes can also distinguish between economic and voting rights. Ideal for those seeking enhanced security and privacy, especially when combined with our trust services.

Whether you have partners, or are looking to go public, we can assist you with your corporate structuring. We also assist with asset protection trusts, solo 401k LLCs, bank accounts and custom draft documents.

Those interested in office space should contact us. We offer both virtual offices and physical space. These are ideal for companies with significant assets or revenue who are looking to establish their corporate nexus.

Not Sure Incorporating in Wyoming is For You?


Wyoming makes starting a company easy. The state’s strong privacy laws, lack of taxes and low fees have allowed us to supplant Nevada as the go-to state for incorporating a company. Everything can usually be handled online, and service providers like us take care of the small details.

What will you find further down this page? There are three primary sections which detail which corporate you may choose from, how to incorporate in Wyoming and then How-To-Guides designed to make your life easy. Scroll through everything or click the link to jump to what you want.

Form a Wyoming LLC

Most of these benefits are unavailable to sole proprietorships and general partnerships. Forming a Wyoming LLC provides the following advantages:

  • Limited liability protection: Owners are not responsible for business debts and liabilities. This is referred to as a corporate veil or shield.
  • Different membership classes. LLCs may create different share classes allowing for a custom distribution of economic and voting rights, e.g. through the creation of so-called preferred shares.
  • Fewer formalities. LLCs require less annual paperwork than, and do not face the meeting requirements imposed on C corporations and S corporations.
  • No ownership restrictions. No or very few ownership restrictions, e.g. share owners may be other LLC’s, the number of owners or shares isn’t limited either. Compare this to Nevada!

Our Popular Wyoming LLC Articles:

    1. Wyoming LLC
    2. Wyoming LLC Benefits
    3. Wyoming LLC Privacy

Wyoming Corporation

One common purpose for forming a corporation is that it’s a separate legal entity, formed under state law, which protects owners from creditor claims. It can be viewed as a basic form of asset protection. Incorporating a business automatically makes a “C” or “regular” corporation. A Corporation is considered a separate taxpayer, with taxation occurring at the corporate level, independently of the owners.

Corporate profits may then be distributed to owners as dividends. Many small businesses do not opt for C Corporations because of this tax feature. This feature, along with limited privacy compared to a Wyoming LLC, make C-Corps significantly less popular. Nonetheless, we will cover them here in the interest of being thorough.

    • Raise capital easily. Capital can be raised through selling stock.
    • Earnings remain inside the business. Earnings may be retained for reasonable business needs, in accordance with tax provisions on accumulated earning, rather than distributing them to owners.
    • Unlimited life. When a C corporation’s owner incurs a disabling illness or dies, the corporation does not cease to exist.
    • Salaries are deductible. Salaries paid to owners, though taxed at the individual level, are deducted from C Corp profits for income tax purposes. S-Corps don’t receive this benefit.

Wyoming "S" Corporation

These are the simplest and most straight forward type of corporation allowed. The corporation doesn’t exist in the eyes of the IRS and is viewed as a disregarded entity. The benefits of an S-corp versus forming a different type of corporation are:

  • Pass-through taxation. Profits and losses pass through the corporation, it’s “disregarded”, and onto your personal tax return (the corporation pays no taxes).
  • No double taxation. This structure avoids the “double-taxation” associated with C Corps, the first tax occurring at the corporate level and the second on distributions, since in this case there are no taxes at the corporate level.
  • Lower audit risk. Audits are performed less frequently on S-corps than sole proprietorships.

The benefits of an S-corp versus operating without a license are:

  • Credibility: They are often perceived as being a more professional/legitimate entity than operating under your personal name

Learn more about:

Wyoming Close Corp & LLC

The Wyoming Close company was created specifically for small companies which have few owners, generally with ties to another, such as family, friends or business partners. Close corporations are regular business corporations which have elected to operate in an informal manner similar to partnerships.

Traditional business corporations must hold regular shareholder/director meetings, elect directors, and provide proposals for significant corporate actions. Family corporations do not generally hold annual meetings given a family often makes decisions around a dinner table etc. A board of directors is also not required for a close corporation. The result being there is significantly less paperwork required. In short, a Wyoming Close Corporation allows small corporations to bypass more traditional corporate formalities.

General Characteristics

  • Fewer shareholders — no more than 35 shareholders.
  • Wyoming Statutory Close Corporation Supplement to the Wyoming Business Corporation Act, W.S. 17-17-101 et seq.

Advantages

  • Limited liability — same as LLC.
  • Simple operations — none of the pomp and circumstance required from regular corporations.
  • Reduced costs — relaxed governance means reduced accounting, legal and administrative fees.
  • Buyout provision — owners may buy out the interest of a deceased shareholder per shareholder agreements.

Disadvantages

A “Close Corporation” is a highly advantageous and flexible structure for small to medium businesses. Though, possible disadvantages are:

  • Share transfers/sales are prohibited except in explicitly stated circumstances

Tax Implications

Close corporations are considered the same as regular corporations. See IRS Publication 542 along with instructions for Form 2553.

What’s a DBA?


A “doing business as” (DBA) filing enables a business to operate under an assumed name, fictitious business name or trade name. This is useful for when you wish to use multiple names for one business, or for sole-proprietors who wish to operate under a name which isn’t their own without having to file for a formal corporation. Though, incorporating a Wyoming company online is so easy there’s little reason to avoid it.

Once approved, the business is allowed to use the name as its official name for:

  • Opening a business bank account
  • Advertising and/or directories, e.g. flyers and the yellow pages
  • Undertake transactions, e.g. signing contracts

Other Terms

Types of Investors

VC – Venture Capital Fund
LP – Limited Partner
Angel Investor – Wealthy individual who invests in businesses.
Angel Groups or Syndicates – A group of Angels who all go in on a deal together.
Private Equity – Firms that usually buy-out the entire company and have control of it after that.
Crowdfunding/Crowdsourced Funding – Kickstarter/Indiegogo. Regular people get a discount on pre-ordered product.
Friends and Family – You already know who these people are.

Fundraising Rounds

Seed Funding – The initial money needed to get off the ground.
Series/Round A – First round of stock offered to investors. There are professional Angels and VC’s who specialize in this type of early funding.
Series/Round B – After certain milestones, you can do a second stage round of funding. VC’s usually get involved in this round.
Series/Round C – To meet additional milestones a company might engage in a C round or even D, E, F, etc…

Valuation

Internal Valuation – A pre-determined valuation formula to purchase a founder’s equity if she dies or leaves.
Pre-money Valuation- Valuation before you receive funding.
Post-money Valuation = pre-money + funding

Resource Articles

We hope you enjoyed our section on incorporating in Wyoming. You may fill out our online forms to have us handle it for you, or you can file the necessary paperwork yourself.

Parting thoughts


The issue with forming the corporation yourself, rather than using us, is that Wyoming is designed to be anonymous, but only if you use a professional formation service. Going solo will cost you time and privacy and creates a significant risk of mistakes. Most importantly, you lose your attorney-client privilege and won’t have legal counsel for later on. You will also still need to find and retain a registered agent, which is included in our fee.

There is also the risk that the Wyoming Secretary of State keeps track of the payment you make. Using us kills the money trail with us, your attorney, rather than with the government.

Our goal is to make your life easy. Our packages are designed to provide everything you need to start your business. The standard package takes less than a day for us to complete. Contact us if you need it expedited or formed on a particular day and we will be happy to help.

If you have any comments, suggestions or questions, then please do not hesitate to contact us. We have hyper-competitive prices, the most comprehensive suite of services and our competitors are not attorneys. We charge $199 for a Wyoming corporation and have help craft an estate plan if desired.

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Cloud Peak Law Group, P.C.

203 S Main St #3000 Sheridan, WY 82801


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1901 Energy Court #319 Gillette, Wyoming 82718