Wyoming LLCs are sought after due to the strict privacy laws surrounding them. This page will focus on what information is made available, to whom and why. It will also contain a small justification for those who seek privacy. That is, we will explain why the pursuit of privacy is a given right and natural, not something to feel "dirty" about.
Wyoming's Secretary of State does not require an LLCs owners or managers to be listed with the state. Further, Wyoming does not have income tax for corporations or individuals. This means your LLC will not have to file any personally identifying information with the state. One of the reasons we recommend using our service, or another, is to ensure your money trail ends with the corporate service provider, rather than with the state. This further ensures the state is not involved in your affairs.
Let us now address the issue of privacy. There is a common misconception that people who want privacy are "hiding" something or are up to no good. This is flatly false. The fact is people have a constitutional right to privacy. There's nothing to gain from publishing your personal information for all the world to see. Have you ever heard of a homeless man being sued for millions? No, but business owners face this problem. This is why we promote Wyoming LLCs and have no qualms with our customers seeking privacy.
We will know who owns and operates the LLC. We are required to maintain this information. Rest assured we will never voluntarily disclose these details. Not to other companies and not to the government. We are an advocate for your right to privacy. Further, because you are a client of ours, all our communications and case files are covered by attorney-client privilege. Unlike other providers who could divulge your information if they wished to, it would be a crime for us to do so. This provides an extra layer of protection.
For foreigners, your government will know nothing unless you tell them. Wyoming LLCs are often referred to as the new offshore capital for investment activities. Your dealings remain private and a foreign agency would have to go through a tremendous amount of effort to secure a subpoena in Wyoming. For exact disclosure and reporting requirements in your country you should contact a tax or legal professional in that area. We are unable to advise on the intricacies of, for example, Indian tax law.
For U.S. citizens the situation is somewhat different. Owner and officer information is known only by us. As mentioned, we will never disclose this information as this would be a violation of attorney-client privilege. When you go to obtain your EIN, however, some personally identifying information must be given to the IRS. This is either another EIN or a SSN.
We are more than happy to assist you with making the lives of your creditors difficult. We don't care to pick a fight with the United States government. They have more reach and resources than anyone we know combined. In short, Wyoming LLCs allow complete privacy. Nobody other than us will know who owns and operates the company. This should not, however, be taken as carte blanche to pick a fight with the government. Just remember the old adage about death and taxes.
Our clients are right to desire privacy. Few have anything to gain from making their personal affairs public. Whether you wish to hide your financial situation from neighbors, family or aggressive creditors, we can assist you. For those living outside Wyoming, using our professional registered agent service is necessary to stay in compliance with the state. We also recommend utilizing our Wyoming Virtual Office service as well. This will allow you to present a professional face to the world, without requiring you to disclose information such as your address or phone number. You simply enter our information everywhere you need and we handle the rest. It doesn't get simpler, or more discrete, than that.
We have a constitutional right to maintain our privacy and conduct our business affairs outside of public view. Wyoming's wonderful for this. When you think of Wyoming, what’s the first thing to come to mind? For us, it’s freedom. This is due to the fact Wyoming still has the old west mentality where when we gather around the campfire at the end of the night, you don't ask me about my business and I don’t ask about your business. There’s a lot of truth to this.
Wyoming C-Corps do not enjoy the same privacy rights as LLCs . They are not required to list directors or officers the first year. However, when the first annual report comes due the information must be submitted. The only way to avoid this requirement is to use a corporate nominee service to maintain their privacy. Learn more about what privacy Wyoming Corporations allow here.