The Many Benefits of Creating an LLC in Wyoming

Ready to create an LLC? Curious why Wyoming is LLCGenie’s pick for the State of Incorporation? Forming your LLC in Wyoming comes with incredible advantages. Let us break it down for you.

  1. No Income Tax

Wyoming does not charge corporate income tax. Zero corporate tax. Zero franchise tax. Zero stock tax. Do we need to say more?

  1. Anonymity 

Wyoming requires minimal documentation of reportings and disclosure obligations, and recordings are not held in their public records. 

  1. Open To The World

You can create a Wyoming LLC whether you are living in the U.S., or South Africa. Wyoming does not require you to be a U.S. citizen or reside in the U.S.

  1. Protection

“Piercing the corporate or LLC veil” is non-existent in Wyoming. By being a member or owner of the company Wyoming protects you completely from being held responsible. The only exception to this is fraud.

  1. Management Flexibility

When forming a Wyoming LLC you can have an unlimited number of members - unlike most where it can only be a single-owner-run LLC. [S-Corp. Status is the only exception, capped at 100]

Although these are just a few of the advantages of forming an LLC in Wyoming - they are the most sought after. It is business-friendly and efficient. With lower startup costs and ease of managing, Wyoming makes it easy to start your LLC.