Why Use Wyoming Corporations?
There are many reasons why a Wyoming Corporation can be useful. The following is a list of some of these reasons.
Wyoming is a tax-free state, there is:
No corporate tax
No franchise tax
No inventory tax
No stock tax
No inventory tax
No personal income tax
No estate tax
No inheritance tax
No gift tax
Wyoming Does Not Share Information:
Wyoming is one of two states in the Union that do not voluntarily share information with the IRS or with any other
state.
Wyoming Allows Bearer Shares:
It is one of two states that allows for bearer shares. Whoever holds bearer shares owns them. The stock does not
need to be registered in anyone's name. In fact, in Wyoming it is not necessary to issue stock.
The names of owners or stockholders of Wyoming corporations are not a matter of public record. Only the officer’s
names are made public. However, with creative planning you can remove your name as an officer or director. See
Nominee Officer Services
Wyoming Allows Bearer Script:
A client can hold Bearer Script which can be redeemed for shares but the client is never required to own stock
in the corporation. If asked if they own stock in a corporation, the client could state under oath that they
did not.
Wyoming Protects Officers And Directors:
There is no personal liability. Wyoming indemnifies directors and officers from personal liability for act
committed on behalf of the corporation or by the corporation.
Wyoming Annual Reports:
In Wyoming, as in Nevada, a corporation is required to list the names and addresses of Officers and director(s)
when they file their annual report With the Secretary of State. All of these positions may be held by one person.
International Registration Services, LC can
provide a nominee
to fill all of these positions, ensuring your complete privacy.
Wyoming does not require stockholders to register with the state. Because of this, you can own all the shares in
the Corporation, maintain complete control of operations and designate representatives as your officers and
directors. Your identity will be kept completely confidential.
How Should You Use A Wyoming Corporation?
Use your Wyoming Corporation for one of the following:
A supplier of goods
An advertising agency
A management company
A lending institution
An equipment lessor
A Real Estate lessor
An employee leasing company
Avoid Some Of Your Home State Taxes:
Have your Wyoming Corporation bill you for the services provided. The Wyoming Corporation will generally add some
amount to the bill for its service costs and overhead. By doing this, you are able to transfer some of your
profits to tax free Wyoming!
Example 1:
Have your supplier provide an invoice to your Wyoming Corporation for the products that you normally purchase.
Let's say that the invoice is for $100,000. Your Wyoming corporation will pay the bill and bill your local
company $150,000. You have just transferred $50,000 of your profits to tax free Wyoming. Major US corporations
have used these tactics for years. Not only within the United States but worldwide.
Protect Your Substantial Assets:
When someone comes snooping around make sure there is no equity in your real estate.
Example 2:
Have the Wyoming Corporation put a lien on major assets such as your home, rental property, or business property.