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?
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.
Learn more about Wyoming's corporate benefits here.
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.
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.