Wyoming Articles of Merger
Description
How to fill out Articles Of Merger?
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FAQ
Wyoming has many advantages over other states for building an LLC. It has no state income tax, filing and reporting costs are low, members' privacy is assured, and it has charging order protection laws.
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.
Wyoming's charging order protection laws are effective for members to protect their LLC assets and ownership from creditors. However, that protection does not extend outside of Wyoming. Members living out of state will have to deal with different laws protecting their LLC assets from garnishment by creditors.
If a company is ?conducting business activities? in a state other than its state of formation, it will need to register as a ?Foreign Entity? in the second state while maintaining its Registered Agent and good standing in the state in which it was originally formed.
Wyoming is best known for low fees, privacy and asset protection. It is the best state for small businesses and non-residents who are cost conscious.
The business-friendly benefits of Wyoming include no corporate, inventory or personal state income tax; favorable tax exemptions; low energy costs; minimal corporate formalities; low operating costs; an educated workforce; and safe communities. Wyoming offers you freedom to grow your business and thrive.
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.
A whopping 67.8% of Fortune 500 companies and 1.5 million businesses are incorporated in Delaware. While Wayne's World may not see the perks of the state, there's a reason so many businesses incorporate there ? several reasons, in fact. Perhaps the most appealing: Delaware offers flexible laws for corporations.