Companies commonly move from Delaware, Nevada, Florida, South Dakota, etc. to Wyoming. The advantages are clear and primarily revolve around privacy, cost, and protection, the three important factors when forming a company.
Clients often face the choice of forming a new company or formally continuing their old one. A new company can be formed in 24 hours. If you keep the same name, then you may keep your old EIN.
Just be sure to inform the IRS of your move. A formal move requires more work and takes longer, however, it is allowed to keep its original start day. If you hire us to do the work, then you don't have to do anything. We will make sure you have everything you need to get started. In future years, Wyoming charges a minimal $60 a year to file an annual report and there is no state income tax or tax return to file.
Steps For Moving A Company To Wyoming: (Nevada Is Used As An Example, But You May Follow These Steps For Most States)
Acquire original documents: Begin by ordering a certified copy of the Articles and any amendments. We recommend obtaining these via fax rather than their online setup which requires registration.
If this sounds like a hassle, don’t worry we offer a better solution. You can’t order your AOI online. Here’s how to find your supporting documents:
Once your relocation has been approved, we are available to provide further guidance on topics including why Wyoming doesn't generally require a business license and how to register a DBA.
In summary, relocating your company to Wyoming can offer significant advantages in terms of privacy, cost savings, and protection for your business. Whether you're considering forming a new company or formally continuing your existing one, the process can be made smoother and more efficient with our expert assistance.
For a seamless transition and peace of mind, please don't hesitate to contact us for any questions or assistance. You can reach out to us by completing our online contact form or by giving us a call at (307) 683-0983 to speak with a member of our knowledgeable paralegal team. We're here to help you make the move to Wyoming a success.