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Is Wyoming a good place to incorporate?

Many companies incorporate in Wyoming because the administrative costs are generally lower than in Delaware or Nevada. Unlike many states, Wyoming does not require licensing or filing fees to be paid to complete the process of incorporation.

Why do people set up LLCs in Wyoming?

Wyoming does not levy state and business taxes on LLCs. This is helpful for Wyoming residents since they wont have to pay double taxes. Being one of the zero-income tax states, Wyoming remains appealing to many LLC owners. It also implements zero corporate tax, franchise tax, and stock tax.

How do I start a corporation in Wyoming?

You will need to file the Wyoming Articles of Incorporation to set up a corporation in Wyoming. The Articles of Incorporation is the document that officially creates your Wyoming corporation. You may file it by mail or online with the Wyoming Secretary of State. The filing cost is $100.

Is Wyoming the best state for LLC?

Wyoming. Wyoming doesnt tax income, either personal or corporate, and it also doesnt have a franchise tax. In fact, it ranks number one in the Tax Foundations 2022 State Business Tax Climate Index. Additionally, as mentioned above, Wyoming is one of the four states with enhanced privacy protection for LLCs.

How much does it cost to set up a corporation in Wyoming?

The filing fee for most entities is $100.00; Nonprofit Corporations are $50.00. Paper Filings: Check or money order payable to: Wyoming Secretary of State Online Filings: Visa or MasterCard credit cards and Visa or MasterCard authorized debit cards are accepted.

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