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Form a Wyoming Corporation: Name Your Corporation. Designate a Registered Agent. Submit Articles of Incorporation. Get an EIN. Write Corporate Bylaws. Hold an Organizational Meeting. Open a Corporate Bank Account. File State Reports & Taxes.
Wyoming corporations are legal entities that are completely separate, and distinct, from their owners. There are many similar rights and responsibilities to individuals that corporations enjoy. This includes entering contracts, loaning and borrowing money, suing, hiring employees, owning assets, and paying taxes.
The Wyoming Close LLC is a slightly altered version of the Wyoming LLC (Limited Liability Company), allowing for greater restrictions on transfers, membership, membership rights, as well as dissolution.
Wyoming laws on close corps allow small corporations to forego many traditional corporate formalities, while still enjoying the benefits. A departure from regular business corporations, Close Corporations do not require a board of directors, this means ongoing operations generate less paperwork.
Action without meeting. (a) Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by this act to be taken at a board of directors' meeting may be taken without a meeting if the action is taken by the requisite number of members of the board.