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 use to do the work, then you don't have to do anything. We charge $149 handling, which includes the first year of registered agent service. In future years, Wyoming charges a minimal $50 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 set up 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: