Wyoming Corporation v. Nevada Corporation

Don't Gamble on Nevada

Wyoming state fees are 84% less than Nevada's. That includes the Nevada "hidden" officer filing fees of $125 that you learn about only after you start your company there, a fee Nevada will hit you within 30 days after you start your company! Oh, and the state business license fee of $200 per year! We bet they did not tell you about that "after-the-fact" fee either.

Wyoming has no business license fees or officer filing fees. This means we can deliver a quality company package for much less than you would pay in Nevada. And, your Wyoming state renewal fee is $50, in most cases, 84% less than what you will pay in Nevada. And, the nice thing about Wyoming is that is not the only reason to incorporate here.

According to the new 2011 edition of the Tax Foundation's State Business Tax Climate Index, "Wyoming has the most business-friendly tax system of any state," for the fourth year in a row.

Asset Protection

A Wyoming corporation or LLC offers its officers and directors the highest degree of protection from lawsuits filed by disgruntled creditors or overzealous plaintiff attorneys. Doing business as a Wyoming Corporation can give you asset protection and business privacy. There is much information on this web site, which outlines the benefits of using various types of structures. The first LLC statutes in the United States were instituted in Wyoming in 1977 and changed in 2010 to stay current with the times. Since Wyoming has had limited liability companies available longer than any other state and has the strongest laws protecting members and managers of an LLC, we feel it is the state of choice for establishing LLC's.

Privacy

Nevada also now requires a tax payer ID number of the company and personal guarantee by you on the state's business license. We bet they did not tell you that.

Freedom

You can operate your Corporation and live anywhere in the world and you do not have to be a US citizen to incorporate in Wyoming. But, in order to give substance to your operation, you should know about our Office Service Contract and learn how use of this inexpensive option will give "presence" to your remote corporate operations. And, if you are not a US Citizen, we have a whole section for you to read here.

No State Taxes

There are no State taxes in Wyoming on corporations. If you choose to incorporate in Wyoming, your company may not pay State taxes at all. Stop for a minute and think what you paid last year in your States income tax. If you are comparing Nevada and Wyoming, keep in mind that the Nevada State Legislature is being lobbied hard to install a corporate income tax. Don't gamble that this will not happen. Wyoming never has and never will have a state income tax on corporations. It is one of the only states with a budget surplus!

Easy to Move

Wyoming has made it easy to move your existing corporation to Wyoming. That's something you cannot do in Nevada. That service is detailed here.

Special Easy-to-Use Wyoming Corporate Structures

Wyoming has Close Corporations. These are special companies authorized by the Wyoming Legislature for small business owners. Less paperwork is required to keep them going. Few states have them. You can read about them here.

Wyoming now has Close LLC's. Less paperwork. Easier to manage. Perfect for a closely held family company. You can see the details here.

Wyoming has Asset Protection Trusts. This is the best asset protection you can get inside the US. Details are here.

Wyoming Corporate Services, Inc. has been in business in Cheyenne, Wyoming for many years. We specialize in helping you incorporate in "tax free" Wyoming and have strategies to help you lower your tax liability in your home state, increase your asset protection, and give you back your privacy. We think that you will find the information you need, on this site, to help you make the decision to start your company in Wyoming!