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Corporate bylaws are legally required in Wyoming. In most cases, the board of directors adopts initial bylaws at the first organizational meeting.
The main differences between Wyoming LLCs and Delaware LLCs are cost and reputation. Wyoming LLCs provide stronger privacy, stronger asset protection, and lower fees. Delaware LLCs are more expensive to maintain, but Delaware has the reputation of being home to Fortune 500 companies.
Seidel became UW's 28th president July 1, 2020, with an annual base salary of $365,000, a $60,000 housing allowance and a $50,000 contribution to a deferred compensation plan.
Seidel's new contract includes a pay raise from a base salary of $365,000 annually to an annual base salary of $390,000 for the first year of the three-year package with an escalator to $403,000 for the third year. The annual housing allowance of $60,000 a year also will increase to $64,000 in the final year.
Every year, in ance with its payout policy, the UW Foundation distributes millions of dollars from endowments to the university for expenditures such as student assistance, faculty support, library acquisitions, academic program support, facilities, and building and equipment purchases and maintenance.