How to Form a Wyoming LLC: Why International Founders Choose the Cowboy State
If you're an international entrepreneur looking to form a U.S. company, Wyoming is the ideal place to do so. Here are four reasons why:
1) The Cowboy State has no corporate income tax. There is no personal income tax on LLCs and their owners.
2) Wyoming is one of the most business-friendly states in the country, with low startup costs and minimal regulations.
3) The state offers a host of other benefits, including asset protection and privacy protections for your company's owners and directors.
4) There are no Citizenship or Residency Requirements
Why incorporate in Wyoming?
If you're looking to form a U.S. company, Wyoming should be at the top of your list. The Cowboy State has no corporate income tax, meaning more profits for your company. There is no personal income tax on LLCs and their owners, so you can keep more of your hard-earned money. Wyoming is one of the most business-friendly states in the country, with low startup costs and minimal regulations. The state also offers a host of other benefits, including asset protection and privacy protections for your company's owners and members. Moreover, anyone in the world can form an LLC. There is no need to be a U.S. Citizen or Resident.
Wyoming Doesn't Tax You or your LLC
Wyoming doesn't have a state corporate income tax, which means more profits for your company. The state also doesn't tax LLCs or their owners, so you can keep more of your hard-earned money. If you're looking to incorporate in the United States, Wyoming should be at the top of your list. Grow your small business faster by keeping more of your businesses' money.
Low Administrative Costs and Fast Filings
Wyoming is known for its low cost relative to Delaware (which charges substantially higher business taxes and should only be considered as a home for your LLC if you plan on raising venture capital). Most Wyoming LLCs can be formed within 5-7 business days.
Privacy and Asset Protection
According to the Economist, Wyoming is the "Switzerland of the Rocky Mountains." Wyoming is a haven for those who want to start their own business without being recognized by the public. While Wyoming requires you file an initial list of officers with your LLC application, and may disclose some personal details to the federal Internal Revenue Service (IRS), Wyoming does not make the names and addresses of LLC members public. You anonymous LLC will act as an effective shield of your personal informations in the event of negative public relations.
Limited Liability Corporation's (LLC) assets are protected by law and cannot be touched if the worst-case scenario comes true. This means that you, as an owner of this type company will never have responsibility for any debts or liabilities it may incur. The key feature about owning shares in an LLC is Limited liability--which provides peace-of mind when running your own business and protecting yourself from lawsuits should things go wrong.
No Need to Be a U.S. Citizen or Resident
You can own and operate a Wyoming limited liability company from anywhere in the world! Who wants to be a citizen of the USA when you can become an American LLC owner? There is no citizenship requirement for operating in Wyoming.
Let Legally® Form your Wyoming LLC Today
Legally® will help you register your Wyoming LLC in less than 10 minutes. We'll secure your EIN (Employer Identification Number), assist you in securing a U.S. bank account and credit card payment processor, a U.S. mailing address, and assist you with Wyoming annual reporting requirements. For one low monthly or annual fee, we will file all the Wyoming paperwork required to protect your personal privacy from public record and ensure that your LLC's annual reporting requirements are met.