Wyoming Incorporation: Why and How to Incorporate in WY

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 a Wyoming Trust for additional asset protection. This combination of benefits makes our corporations the nation's most desirable.

Our service includes a free business bank account. As part of the process we also include your Articles of Incorporation, bylaws, share subscription agreement, registered agent, name search and more. We can also help with reinstatements and any other requirements you need.

Most clients debate between setting up their business in Wyoming, Delaware, or Nevada. So why incorporate in Wyoming instead of other states?

Nevada’s corporations are very similar to ours, but they face significantly higher fees and are subject to taxes in certain situations. Wyoming’s corporations generally have an Annual Report fee of $60 per year paid to the Secretary of State and do not incur state taxes.

Delaware is preferable for large corporations looking for an eventual IPO, but smaller businesses will often find their fees and administrative hurdles to be unnecessary, burdensome, and overly expensive. This is especially true when compared to a Wyoming close corporation, which has reduced reporting and other bureaucratic requirements. These benefits drive new companies to Wyoming every day.

• Complete our order form.
• We incorporate your business within 24 hours.
• Log in anytime to view or print your articles of incorporation, banking resolution, bylaws, etc.

Wyoming's Secretary of State has minimal reporting requirements. They only require that a company list a registered agent and an address to which legal documents can be delivered. The agent acts as the company's face. Annual reports request an officer, but nominees may be used; we'll happily act as your nominee when filing the report to enhance your privacy.

Simplicity: The entire Wyoming incorporation process is taken care of online. We only need five minutes of your time, and we handle the rest within one day.

Privacy: You receive anonymity as long as you use our service.

Liability: We offer nation-leading corporate veil protection. This combined with the privacy of a Wyoming corporation gives you safety from creditors.

No Taxes: WY does not tax personal or corporate income. This means you are free from state income taxes.

Incorporating your business in Wyoming costs $100, with subsequent years requiring a $60 annual report fee.

Our formation services start at $99 plus state fees. Our packages offer:

• State Filing Fee
• Anonymous Filing
• 24-hour turnaround
• Registered agent
• Business address
• Bylaws
• Share subscription agreement
• Bank account resolution
• Organizational minutes
• Certificate of incorporation
• And more!

These are the simplest and most straightforward types of corporations allowed when you incorporate in WY. 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 mostly related to the Wyoming corporate income tax rules.

• Pass-Through Taxation: Profits and losses pass through the corporation 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.

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 that needs to be done to form a Wyoming corporation can usually be handled online, and service providers like us are here to take care of the small details.

• Form a Wyoming LLC: Learn about limited liability companies, including their unique benefits and privacy. We can assist no matter where you live.
• Wyoming Virtual Office: We provide a full suite of services. These include a unique address, commercial lease, phone forwarding, and unlimited mail scanning.
• Wyoming Registered Agent: Every Wyoming company must maintain a registered agent in Wyoming. With us, you receive professionalism and privacy at a fraction of the usual price.

The issue with forming a corporation on your own is that Wyoming is designed to let you be anonymous, but that only really works if you use a professional formation service. Going solo will cost you time and privacy and comes with a significant risk of mistakes. You will also still need to find and retain a registered agent, which will increase your cost to incorporate in Wyoming on your own. When you trust us to help you set up a business, we include resident agent service in our fee.

There is also the risk that the Wyoming Secretary of State will keep track of the payment you make to set up your corporation. Using us kills the money trail: It stops at us, your attorney, rather than with the government.

At Wyoming LLC Attorney, our goal is to make your life easy. Our packages are designed to provide everything you need to start your business, and 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 about setting up a Wyoming corporation, please do not hesitate to contact us. We have hyper-competitive prices and the most comprehensive suite of services along with skilled attorneys on staff, and we'd be glad to put our skills to work for you.

Types of Investors

• VC: Venture capitalist
• LP: Limited partner
• Angel Investor: Wealthy individual who invests in businesses
• Angel Groups or Syndicates: A group of angel investors who all go in on a deal together
• Private Equity: Firms that usually buy out an entire company and have control of it after that
• Crowdfunding/Crowdsourced Funding: Kickstarter, Indiegogo, and the like. Customers get a discount on the product when they preorder it.
• 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 VCs who specialize in this type of early funding.
• Series/Round B: After certain milestones, you can do a second stage of funding. VCs 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 they die or leave
• Pre-Money Valuation: Valuation before you receive funding
• Post-Money Valuation: Pre-money valuation + funding

Common stock is the ownership stake in a corporation that most people receive when they invest. These shares represent a claim on profits through dividends after debt and preferred stock obligations have been met. Common shares also confer voting rights, which debt and preferred shareholders do not generally carry. This allows common shareholders to control corporate policy and management issues.

The following are some of the differences between preferred and common shares; however, remember that any rights for common or preferred shareholders come after the rights of creditors of the corporation.

• Voting Rights: Does the stockholder have a right to participate in the election of directors and other matters that the corporation may face in the future? Preferred stock generally does not come with a voting right for general corporate matters but may have a vote on whether and in what manner to liquidate the corporation.
• Dividend Rights: Does the stock pay a dividend? Preferred stock generally carries a mandatory dividend that must be paid before common shareholders may receive anything from the corporation. If a preferred dividend is missed, the corporation must make the dividend up before any money is paid to common shareholders. The dividend would generally be based on the "par value" per share. This subjects preferred shareholders to an interest rate risk; if interest rates rise, the value of the preferred shares would fall, and if interest rates fall, the value of the preferred shares would rise.
• Liquidation Rights: Preferred shares generally carry a right to receive the par value per share on the liquidation of a corporation prior to the common shareholders receiving anything.
• Call or Put Rights: Preferred shares generally may be called or redeemed for their par value. They may also carry a right to "put" the shares back into the corporation and receive their par value.
• Conversion Rights: Preferred shares may carry the right to convert into common shares based on the par value per preferred share and the price of the common share for conversion purposes. This allows a preferred shareholder to time the purchase of common shares when it's economically most beneficial while gaining a preferred dividend during the holding period.

• A par-value stock has a minimum value per share assigned to it by the issuer.
• A no-par stock has no designated minimum value.
• Neither has any relevance to the stock's value in the markets.

The par value for preferred stock is the value generally used for computing dividends and assessing the call or redemption price and liquidation amount. On investment, the par value for preferred stock is usually the amount per share received by the issuing company. For common stock with a par value, there is no correlation between what is paid for the stock and its par value.

Prior to no-par statutes, corporations were required by state law to set a par value for their stock. Consequently, they chose the smallest possible value, often 1/100th of one cent. The low price was because the par value of a share of stock constitutes a binding two-way contract between the company and the shareholder.

Wyoming's allure for incorporating lies in its seamless process, attractive features, and unparalleled privacy provisions. As pioneers in the realm of Wyoming incorporation, we are dedicated to simplifying your journey. Contact us for a transparent, efficient, and expertly guided approach to establishing your Wyoming corporation.

With competitive pricing, attorney-led expertise, and a commitment to your success, we are ready to provide our assistance. Complete the contact form or dial +1 (307) 683-0983 to reach us. Below, you will find the responses to commonly asked questions regarding the process of incorporating in Wyoming.