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Benefits of Incorporating Business in the State of Wyoming:

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Category : > Articles Directory To Open A Corporation in The USA
Posted On : Fri Nov 26th,2010

Benefits of Incorporating Business in the State of Wyoming:

Benefits of Incorporating Business in the State of Wyoming:

Benefits of incorporation in Wyoming may be substantial for your business, if your business is located in another state, your home state's corporate filing fees and reports may still be required. We can provide you with information about your area so you can decide if a Wyoming corporation is the right move for you.

There are a number of business entity types to consider when you are deciding the structure of your Wyoming business. The most advantageous entities to form in Wyoming are typically corporations or LLCs. Although other entity options are possible, these are the entities that offer the highest level of liability protection in Wyoming . As you review the characteristics of incorporating or forming an LLC in Wyoming , be sure to keep in mind both the present and future needs of your business. Often, when you start a business it begins as a small organization.

  • No state corporate income tax
  • No tax on corporate shares
  • No franchise tax
  • Minimal annual fees
  • One-person corporation is allowed
  • Stockholders are not revealed to the State
  • No annual report is required until the anniversary of the incorporation date
  • Unlimited stock is allowed, of any par value
  • Nominee shareholders are allowed
  • Share certificates are not required
  • Minimal initial filing fees
  • No minimum capital requirements
  • Meetings may be held anywhere
  • Officers, directors, employees and agents are statutorily indemnified
  • Continuance procedure (allows Wyoming to adopt a corporation formed in another state)
  • Doesn't collect corporate income tax information to share with the IRS

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