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Wyoming offers the strongest asset protection law in the country. The charging order lien is the exclusive creditor remedy, even for single member (one owner) LLCs. Unlike California and other weak states, creditors cannot force a sale of your assets.
C Corporation ? For a business to incorporate in Wyoming, the state requires filing Articles of Incorporation, along with a Consent to Appointment by Registered Agent form, and paying a filing fee of $100. Profit Corporations in Wyoming must also appoint a Board of Directors and adopt bylaws.
Below are some of the pros to convince you to form an LLC in Wyoming. Privacy. Wyoming has strict privacy laws to protect the identities of LLC owners and managers. ... Legal Protection. ... Anonymous LLCs. ... Few Regulations and Formalities. ... Minimal Fees. ... Incomplete Anonymity. ... Asset Protection. ... Lack of Corporate Taxes.
Wyoming Corporation Benefits Liability: We offer nation-leading corporate veil protection. This combined with the privacy of a Wyoming corporation gives you safety from creditors. No Taxes: WY does not tax personal or corporate income. This means you are free from state income taxes.
Wyoming LLCs offer the traditional corporate veil which protects personal assets from business creditors. It also offers charging order protection, even for Single-Member LLCs, which protects business assets from personal creditors.