Why publish personal information, pay more and make your assets easy for creditors to seize?
The answer is you shouldn't - and that's why Wyoming exists.
We have a business friendly culture which values low fees, no taxes and strict privacy. Many states charge more in filing fees, put your personal information into a searchable database and won't respect your single member LLC when it matters most. These benefits make Wyoming Limited Liability Companies popular regardless of where you live:
We charge $199 the first year. Future years cost $50 to file the annual report and $25 to maintain our registered agent service.
Anonymously own your company so nosy neighbors, needy family members and aggressive creditors can't take advantage of you.
Charging order protection for Single Member LLCs. Ideal for small businesses and holding companies.
No tax on personal or corporate income - ever. No need to file state tax returns.
Your LLC can be formed online. An operating agreement is not required and close LLCs are allowed.
The only time you won't require one is if you are solely using the LLC to title assets. If you intend on opening a bank, have more than one member, or have employees, then you will need one. We can handle this for you or you can read our guide for obtaining it in your own here. The whole process takes about 20m.
You are not required to have an operating agreement in Wyoming. There are good reasons to still have one though:
We provide different operating agreements depending on whether you have one owner or multiple and if you are professionally managed. We don't believe one size fits all and are happy to help you find the agreement which best fits your needs.
There are many reasons to desire private ownership - it is not unnatural or a sign of being up to no good. Have you considered hanging a billboard around your neck which displayed your net worth and account numbers? Of course not, so why make your business affairs viewable to everybody?
The two largest benefits are:
Limited liability companies offer the ability to be taxed as disregarded entities, partnerships, s-corps and c-corps. This flexibility lets you choose the best option for your situation. Wyoming does not require an annual tax filing. This makes the state popular for holding companies.
Nevada does not have statutes written specifically for Single Member LLCs. This means you have less protection and more uncertainty when seeking asset protection.
Nevada LLCs were popular, until fees increased for seven straight years. Now, our total price is LESS than just the Nevada Secretary of State fees. You will pay $300 in state fees BEFORE you find and pay for a service like ours.
Wyoming's Secretary of State only charges $50 per year to keep your company open. There is even a 60 day grace period for failing to file your annual report on time. Inside of this period there are no penalties.
Wyoming LLCs are private by design. The Secretary of State never asks who the owners of a company are. They only want the name and address of whomever forms the company (us). Your information does not go into a database anywhere and is not searchable by anyone.
We take your privacy seriously and will never disclose your information to anyone.