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Shopping for a State in which to incorporate? We’ve analyzed the filing fees, privacy laws, and filing burdens for all 50 states.

…we favor low fees, low hassles and maximum privacy. Read on to learn more each state’s individual requirements and fees in our fifty state report card and pick the best state to start your business in our ultimate guide to incorporation found right here at GimmeLaw.

Infographic: Best States for Incorporation

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Now Let’s Dig Deeper Into the Data: Top States to Incorporate (and Why)

Our Winner: Wyoming

  • $100 basic corporation filing fee
  • Pro-privacy and extremely low taxation
  • Imposes only minimal annual fee of $50
  • Most hassle-free and low expense corporation state in the nation
  • Non-profit tax research group, the Tax Foundation, voted Wyoming “the most business-friendly tax system of any state”

Strong Second: Nevada

  • $75 basic corporation filing fee
  • No information sharing agreement with the IRS
  • Minimal reporting and disclosure obligations upon owners and managers
  • Traditionally pro-privacy and low-tax
  • Nevada carries only a slightly higher ongoing cost compared to Wyoming

Strong Third: Delaware

  • $89 basic corporation filing fee
  • Great privacy protections with familiar, sensible laws
  • Best choice for owners that want to take their company all the way to Wall Street
  • Annual franchise tax can be confusing

Runner Up: Montana

  • $70 minimum corporation filing fee
  • Low taxes, fees and reporting burdens

Runner Up: Florida

  • $70 basic corporation filing fee
  • Best website and online services in the nation–it offers a searchable database of documents. Filings can be done online in seconds.

Worth Mention: New Mexico “Invisible LLC”

  • Offers “Invisible LLC” – a New Mexico LLC that does not require any public disclosure of either officers or owners–the most private LLC available in the US


The Complete 50-State Corporation Report Card

The following table is an at-a-glance summary of the favorability of various state laws. We examined the state corporation laws of all 50 states, their periodic reporting burdens, taxation burdens, filing fees in order to get a quick overview of how favorable or in the alternative–burdensome–each state’s laws are. Enjoy.

It’s our “Corporation Law State-by-State Report Card.”

State
Minimum Corporation Filing Fee
Ongoing and Periodic Filing Burden
Tax Burden Grade Notes
Alabama $40 Medium Low B+ While undistinguished as a corporate center, Alabama offers filing fees among the lowest in the nation.
Alaska $250 Low Medium C+ Positive: periodic reports are biennial, tax burden is moderate. Filing fee is well above average.
Arizona $60 Medium Medium B- Arizona offers average tax treatment and periodic reporting burdens. Filing fees are low.
Arkansas $50 Medium Medium B Filing fee is low. Tax treatment and periodic reporting burden is average.
California $100 Medium High F We give California an “F” primarily because of its absolutely brutal taxation: $800 minimum “income” tax for both C Corporations and S Corporations–the highest in the nation. California is unique in that it imposes an income tax upon companies that have no income.
Colorado $125 Medium Medium B Colorado offers average taxation and reporting burdens.
Connecticut $275 Medium Medium C+ High fees and burdensome tax earn Connecticut lackluster marks.
D C $120 Medium Medium C With Delaware so nearby, incorporation in DC is pointless.
Delaware $89 Low Medium B+ Delaware offers great privacy protections and familiar and sensible laws, but its annual franchise tax is a confusing mess. Delaware is still the best choice though for owners that want to take their company all the way to Wall Street…
Florida $70 Low Low-Medium B+ Best website and online services in the nation–it offers a searchable database of documents. Filings can be done online in seconds.
State
Minimum Corporation Filing Fee
Ongoing and Periodic Filing Burden Tax Burden Grade Notes
Georgia $100 Medium Medium B- Georgia offers average tax and reporting burdens. Fees are below average. Negative: incorporation requires pointless public notice in local newspaper.
Hawaii $50 Medium Low-Medium B- Hawaii offers inexpensive incorporation, but is too geographically isolated to be of value to most mainland businesses.
Idaho $100 Low Low-Medium B Idaho offers a no-fee annual report and below average filing fees and taxes.
Illinois $175 Medium Medium C+ Fees and annual expenses are high ($200 each year along with annual report).
Indiana $90 Low Low B Indiana offers surprisingly low fees and taxes. A great choice for local businesses. Periodic reports are biennial, not annual, a further plus.
Iowa $50 Low Medium B- Organizational fees and periodic report fees are low, but tax is fairly burdensome. Periodic reports are biennial, not annual, a further plus.
Kansas $90 Medium Medium B-  
Kentucky $50 Medium Medium B- Confusing “organization tax” must be paid at initial filing.
Louisiana $60 Medium Medium B-  
Maine $175 Medium Medium C+ Fees are unjustifiably high.
State
Minimum Corporation Filing Fee
Ongoing and Periodic Filing Burden
Tax Burden Grade Notes
Maryland $100 Medium Medium C+ Confusing additional charges must be paid at start-up.
Massachusetts $275 Medium High D+ High taxes and high fees.
Michigan $60 Medium Low B Michigan offers light taxes on small businesses. Filing fees are also quite low.
Minnesota $135 Low Low B Low taxes and a no-fee annual report make Minnesota a fairly good choice for incorporation.
Mississippi $50 Low Low B Low taxes, low fees, and a low-fee annual report make Mississippi a fairly good choice for incorporation.
Missouri $66 Medium Medium C+ Confusing regulations make Missouri a less-than-perfect choice for incorporation.
Montana $70 Low Low B+ Low taxes, fees, and reporting burdens make Montana a favorable choice for incorporation.
Nebraska $60 Medium Medium B- Annual report is confusing, taxes are low to medium.
Nevada $200 Medium Very Low A- “Initial List” of officers drives up start-up costs. Traditionally pro-privacy and low-tax, Nevada has raised its fees for annual reports.
New Hampshire $85 Medium Medium B- New Hampshire is average in many respects but forgives taxes (and filing burden) on entities earning less than $50,000 a year.
New Jersey $125 Medium High D+ NJ’s Business Services Division is a nightmare. Representatives are surly and slow. Formation is needlessly complicated.
State
Minimum Corporation Filing Fee
Ongoing and Periodic Filing Burden
Tax Burden Grade Notes
New Mexico $100 Low Low B+ New Mexico offers very attractive incorporation. But most noteworthy is its “Invisible LLC”–a NM LLC that does not require any public disclosure of either officers or owners–the most private LLC available in the US.
New York $125+ High High F We proudly give New York an “F”. New York has a taxation system that is so burdensome and complex, it borders on absurd. New York imposes a dizzying variety of separate taxes: a Maintenance Fee, a franchise tax, a license fee, an organization tax, and an income tax. Representatives are surly.
North Carolina $125 Medium Medium C+ Periodic/Annual fees are high in light of ho-hum corporation law.
North Dakota $90 Low Low B Low annual fees.
Ohio $85 Medium Medium B-  
Oklahoma $50 Low Low B Oklahoma offers low fees and relatively low taxes, but undistinguished corporation law.
Oregon $50 Low Low B Oregon offers low fees and relatively low taxes, but undistinguished corporation law.
Pennsylvania $125 Medium Medium D+ Horrible customer service–new incorporations can take up to 10 weeks to be processed.
State
Minimum Corporation Filing Fee
Ongoing and Periodic Filing Burden
Tax Burden Grade Notes
Rhode Island $150 Low-Medium Medium-High C+ Rhode Island imposes corporation taxes that are unjustifiably high.
South Carolina $135 Medium Medium B- Corporation taxation rules are somewhat confusing.
South Dakota $90 Low Low B South Dakota offers low taxes, but undistinguished corporation law.
Tennessee $100 Low Medium B Annual fees are low, but taxes can be burdensome with respect to business activity in Tennessee.
Texas $300 Low Low-Medium B- Initial fees are unjustifiably high. Residents of Texas, though, pay no state personal income tax.
Utah $52 Low Medium B Annual fee is only $10, but taxes can be burdensome with respect to business activities in Utah. A Utah LLC might be a better bet–check with your accountant.
Vermont $75 Medium Medium-High C Vermont imposes a higher-than-average income tax.
Virginia $75 Medium Medium-High C Unnecessarily burdensome annual tax based on authorized shares.
Washington $175 Low Low B Washington state, an obvious technology center, offers on-line filing conveniences. Overall, a fair state for incorporation.
State
Minimum Corporation Filing Fee
Ongoing and Periodic Filing Burden
Tax Burden Grade Notes
West Virginia $100 Medium Medium-High C+ Taxes are confusing. West Virginia imposes a franchise tax and an income tax.
Wisconsin $100 Low Medium B- Corporation taxes can be burdensome.
Wyoming $100 Low Very Low A+ Pro-privacy and extremely low taxation. Hands down the most hassle-free and low expense corporation state in the nation. For more info see our article on
Wyoming Incorporation Advantages

How to Write an Effective Small Claims Demand Letter (Scroll Down for a Sample/Example)

The letter a plaintiff uses to begin settlement discussions is what’s called a demand letter; or to look at it another way, a demand letter is simply a demand to be paid for money or a debt owed to you. A demand letter is just like it sounds; it’s a written letter directed to the defendant or defendants outlining the strength of the plaintiff’s case and making a demand for the payment of the specific sum of money in exchange for settlement. Lawyers use demand letters all the time.

Small Claims Court

Want to learn how to Dominate in Small Claims Court?

Small ClaimsCheck Out Our Book! Only $5.99 for Kindle!

The Small Claims Court Guidebook from Entrepreneur Magazine and GimmeLaw.

The Small Claims Court Guidebook teaches you everything you need to win big in small claims court, without a lawyer. You’ll learn how to evaluate your case, prepare witnesses and evidence, collect judgments, and much more.

To see a table showing the statute of limitations for all 50 states , click here .

There are several ideas that a plaintiff will wish to convey in a demand letter one of the most important is to convince the defendant that settling the case is better than going to trial. So there are some things you will always say in a demand letter. For example, you will always make a general statement that it is better to settle a case than to spend the expense and time of going to trial. Even if everyone knows it you say it anyway. A good demand letter should be threatening without being combative — there is a difference — and it should be persuasive.

Small Claims Demand Letter Expert Tip:

When communicating with an opponent, never say “you might want to get a lawyer to help you with your case” or “you need to get help with this down at the court, they have free help” or anything to that effect. An experienced lawyer would never say such a thing-it amounts to giving good advice to your opponent. You don’t want your opponent to have a lawyer; they are more likely to make a mistake if they represent themselves.

Drafting a Small Claims Demand Letter

Drafting a demand letter is a good idea for another reason. Some cases in some courts require that a demand to be made before a case be initiated. But researching whether a demand is required isn’t even worth the effort; it’s easier just to send a demand and save a copy of it. Even if the demand isn’t required by law, sometimes judges will ask informally if the demand has been made. Judges always like to see that some effort at settlement has been made before coming to court.

Drafting a demand letter is very simple. A demand letter states the following:

  • In the opening paragraph you should introduce to you are and who the parties to the dispute are.
  • A brief summary of the underlying dispute. For example, if the case is a contract case you should outline the basic terms of the contract. Or, if the case is a negligence case you should outline the basic facts of the incident.
  • You should state your monetary demand in clear terms. You must also state a time frame for the acceptance of the offer.
  • Finally, you advise your opponent of the actions you’ll take if the demand is not accepted.

Sample Small Claims Demand Letter

The following demand letter is a demand for an overdue balance on a software development contract.

Michael Samuels
731 9th Avenue Suite E
San Diego, CA 92101
619.501.3825
fax: 419.735.2386

January 15, 2008
Kevin R. Baker
Big Bob’s International Inc.
Royal Bank Building
Suite 2000
335 8th Ave. S.W.
New York, New York 10001

VIA US MAIL

RE: Demand for Payment under Professional Services Agreement

Dear Mr. Baker,

As you know, I am president of Demand-Letter, Inc. (“Demand-Letter”), and I am writing to you about claims that Demand-Letter has against your company, Big Bobs International Inc. (“Big Bobs”) under the Professional Services Agreement (“Agreement”) dated March 17, 2006.

This letter shall serve as our final demand for payments under the agreement.

Under the terms of the Agreement, Demand-Letter is entitled to $13,000. Our records show that we have received $8,500. This leaves a remaining balance of $4,500.

Furthermore, Demand-Letter performed extra work beyond the terms of the Agreement in the form of additional software modules and changes from the specifications outlined in the Agreement (“Overages”). Our invoices show $2,800 in Overages.

With the preceding in mind, we therefore submit the following demand.

1. The remaining balance of $4,500 must be paid within 5 days of the date of this letter in the name of Demand-Letter, Inc.

2. With respect to the balance for Overages of $2,800, we will accept $500, also to be paid within 5 days of the date of this letter in the name of Demand-Letter, Inc.

3. Upon receiving the full balances due under the Agreement, Demand-Letter will grant a full license to Big Bobs of all work product under the Agreement.

4. You must agree in principle to the terms outlined herein within 2 days of the date of this letter. Thereafter, I will draft a settlement agreement formalizing these terms before the 5-day deadline for payment of the outstanding balances.

This offer is not subject to negotiation, including any arguments that Big Bobs might impose with respect to issues of performance under the Agreement. If you do not accept the offer outlined in this demand in writing within 2 days of the date of this letter, this offer will be automatically and permanently withdrawn.

Upon the withdrawal of this offer due to your non-acceptance, you are instructed (i) to return to Demand-Letter all work product under the Agreement, including, but not limited to, all software code, files, documentation, and other materials; (ii) that Demand-Letter shall terminate the Agreement pursuant to the “Breach and Termination” clause, and pursuant to such clause, all sums under the Agreement shall become due and payable and shall bear 1% interest per month from the date of invoice; and (iii) that Demand-Letter shall take immediate and permanent steps to ensure that Big Bobs never receive a license to the work product under the Agreement.

Thereafter, we will pursue the case through the court system. It is only fair to warn you that we may report this matter to the credit reporting bureau, and that that event, your credit rating may suffer. You can avoid the time and expense of court by resolving this matter. Our offer is generous, and we sincerely hope you accept it.

I await your response, and sincerely hope that you accept the terms of our demand on behalf of Big Bobs.

Yours truly,

/signature/

Michael Samuels

President, Demand-Letter, Inc.

Small Claims Court

Want to learn how to Dominate in Small Claims Court?

Small ClaimsCheck Out Our Book! Only $5.99 for Kindle!

The Small Claims Court Guidebook from Entrepreneur Magazine and GimmeLaw.

The Small Claims Court Guidebook teaches you everything you need to win big in small claims court, without a lawyer. You’ll learn how to evaluate your case, prepare witnesses and evidence, collect judgments, and much more.

As we noted in Foreclosure Law, foreclosure is the process by which a bank or lender takes possession of collateral used to secure a loan. Put another way, foreclosure happens to a homeowner when he or she doesn’t pay their mortgage. And in What Is a Deficiency Judgement in a Foreclosure | Debt After Foreclosure we discussed that cancellation of debt is a likely outcome following a foreclosure.

1099 After Foreclosure |

Foreclosure devastates credit–the only greater “derogatory” on a credit report is a bankruptcy. If you follow your FICO scores, you would tend to see a drop in the 120 to 150 point range. The amount of the drop will vary depending on the other items on your credit report. A person with good credit might fare quite well, while a person with average or low credit will likely find himself in the high 400s or low 500s–the “radioactive” zone.

However, a credit score is an estimate of one’s creditworthiness today, and so as derogatories (a major blemish on a credit report is called a derogatory in credit parlance) pass into the past, the effect of derogatories lessens. Your score will tend to rise over time.

So, before a foreclosure happens to you, you should do some pre-foreclosure credit planning–you may likely not have borrowing power in the two year period following your foreclosure. So, if you absolutely must borrow to buy a car in the next year or two, you’ll get a better rate before the foreclosure goes on your credit report. In fact, after a foreclosure, you might not be able to borrow for a car loan at all. Of course, good fiscal health dictates that one should never borrow to buy a car–but that’s another topic.

How To Improve Credit After Foreclosure

Foreclosure is a big hit to a credit report–don’t compound it by creating other derogatories. Keep everything else clean on your credit report. That means paying bills on time, and avoiding requests for new credit. A request for new credit creates an “inquiry” on your report, which lowers your score by a small amount. Make a slew of inquiries, and you might lower your score by 20 points or so.

Credit reporting agencies are allowed by law to report your payment history on a credit report.

Foreclosure devastates credit–the only greater “derogatory” on a credit report is a bankruptcy. If you follow your FICO scores, you would tend to see a drop in the 120 to 150 point range.

How Does Foreclosure Affect My Credit?

Foreclosure devastates credit–the only greater “derogatory” on a credit report is a bankruptcy. If you follow your FICO scores, you would tend to see a drop in the 120 to 150 point range. The amount of the drop will vary depending on the other items on your credit report. A person with good credit might fare quite well, while a person with average or low credit will likely find himself in the high 400s or low 500s–the “radioactive” zone.

However, a credit score is an estimate of one’s creditworthiness today, and so as derogatories (a major blemish on a credit report is called a derogatory in credit parlance) pass into the past, the effect of derogatories lessens. Your score will tend to rise over time.

So, before a foreclosure happens to you, you should do some pre-foreclosure credit planning–you may likely not have borrowing power in the two year period following your foreclosure. So, if you absolutely must borrow to buy a car in the next year or two, you’ll get a better rate before the foreclosure goes on your credit report. In fact, after a foreclosure, you might not be able to borrow for a car loan at all. Of course, good fiscal health dictates that one should never borrow to buy a car–but that’s another topic.

How To Improve Your Credit After Foreclosure

Foreclosure is a big hit to a credit report–don’t compound it by creating other derogatories. Keep everything else clean on your credit report. That means paying bills on time, and avoiding requests for new credit. A request for new credit creates an “inquiry” on your report, which lowers your score by a small amount. Make a slew of inquiries, and you might lower your score by 20 points or so. A foreclosure will show up in several places on a credit report. First, it might show under the “public information” section as a legal claim or lawsuit. Second, a foreclosure will appear as an entry for one or more accounts (your mortgage loan account is an “account” for credit reporting purposes).

In the account section, a foreclosure will appear as several months of “late pays”, appearing as 60, 90, or 120, which indicates the number of days late you were. Finally, the final event of foreclosure will report on the account as “RF” for “repo, foreclosure” or “CO”, for “charge-off”, meaning the bank charged off the loan without making further attempts to collect. What one commonly sees in an account leading up to foreclosure is the following: 30, 60, 90, 120, 120, 120, RF–and then the account goes dead. That sequence of entries tells a very clear picture of a borrower falling 30 days, then 60 days, then 90 days late, etc., then losing the home to foreclosure.

Your Right to Challenge Entries in Your Credit File

Credit reporting agencies are allowed by law to report your payment history on a credit report. You, however, have the right to challenge, and to have removed, derogatory information that is not accurate. Now, a short sale is not a foreclosure; similarly, a deed in lieu is not a foreclosure. As such, those foreclosure alternatives should not be reported as foreclosures. Similarly, the late pays must be reported accurately.

Now, there are credit repair agencies that can improve or remove derogatory entries, but they don’t really do anything that you can’t do yourself. You pay credit repairers for the convenience, and not because they are the only ones who can do it.

Credit can be repaired. Check out the forums at “Credit Info Center”–you can google that phrase. The forums will give you good guidance on how to improve or remove credit entries. The best inquiry dispute letter we could find anywere is here: Sample Credit Inquiry Dispute Letter, and the best letter to challenge incorrect derogatory information is this Sample Letter For Credit Repair | Credit Repair Sample Letter. When you challenge a derogatory with a credit reporting agency (Transunion, Equifax, or Experian), the agency must investigate or remove the item within 30 to 45 days.

We Like the Personal Privacy and Asset Protection Advantages

What’s the buzz about Wyoming incorporation? Recent articles tout the state as America’s newest corporate haven. Wyoming offers substantial privacy to Corporation and LLC owners. Owners are not required to identify themselves in any public records. No Wyoming agency maintains owner information. This makes it very difficult for creditors, business competitors, data collection services, state tax authorities, the IRS, police, or other third parties to determine who a Wyoming entity’s owners are.

Protection from IRS and Other Government Agencies

Wyoming’s privacy protections shelter owners from the prying eyes of the IRS and other government agencies. This benefit is obvious, even to a completely law-abiding company or company owner. Our government, tax authorities, and courts, while the finest anywhere, are capable of occasionally pursuing the innocent.

Are you ready to form your Wyoming Corporation or LLC today?

No Income Tax and no US Internal Revenue Service Information Sharing Agreement (ISA).

Wyoming does not participate in the US Internal Revenue Service Information Sharing Agreement. The IRS reported in late 2003 that it has in place an Information Sharing Agreement (‘ISA’) with about 33 states. As reported by the IRS, states that participate in the ISA include Alabama, Arizona, Arkansas, Connecticut, Georgia, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Mississippi, Missouri, Montana, New Hampshire, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Utah, Vermont, Washington, West Virginia and Wisconsin. Under the ISA, the IRS and participating states share information (and vice versa) on abusive tax avoidance transactions and those taxpayers who participate in them.

The purpose of the ISA is to combat abusive tax avoidance. Even if Wyoming participated in the agreement, it would have no information to share. Because Wyoming has no corporate income tax and no personal income tax, it has no corresponding tax forms and no corresponding tax department.

Are you ready to form your Wyoming Corporation or LLC today?

Wyoming Corporate Privacy Points

An owner of a Wyoming Corporation or Limited Liability Company enjoys unparalleled security and privacy due to the following:

  • Wyoming has no Information Sharing Agreement with the IRS.
  • Company ownership need not be disclosed to Wyoming authorities.
  • Wyoming does not maintain public records of Wyoming Corporation and Limited Liability Company ownership.
  • Reporting and Disclosure obligations are minimal.

The Wyoming Taxation Advantage: Low Taxes and No Tax Forms

Wyoming’s residents and businesses enjoy some of the lowest state taxes anywhere. In fact, the non-profit group The Tax Foundation voted Wyoming to have “the most business-friendly tax system of any state.” Wyoming does not impose a tax on either corporate profits or Limited Liability Company profits; many other states do, such as New York and California. California even imposes a 1.5% income tax on S Corporations (which do not pay income tax at the federal level) and a wallet-busting $800 minimum income tax on all Corporations and LLCs–regardless of the company’s profits or losses.

Similarly, Wyoming imposes no property tax on corporate stock or Limited Liability Company ownership shares. By comparison, New York imposes an annual filing fee on LLCs of between $325 and $10,000, depending on the number of LLC members.

Wyoming imposes no franchise tax. A franchise tax is a tax levied in consideration for the privilege of either incorporating or qualifying to do business in a state. A franchise tax may be based upon income, assets, outstanding shares, or a combination. Put another way, a franchise tax is a tax one pays for “just being there.” Nearly all states impose franchise taxes on businesses.

Taxes = Forms +Audits

Of course, any tax payment scheme requires a tax reporting and a tax enforcement scheme. States that impose income, franchise, and asset taxes all require annual tax forms to be prepared, and signed under oath by a corporate officer. Corporations and Limited Liability Companies are also subject to audits and inquiries from state tax authorities in states where these taxes are required. Because Wyoming imposes no taxes on business entities, Wyoming requires no tax forms and does not audit business entities chartered there.
The only fee of any kind that Wyoming levies against Limited Liability Companies and Corporations is a nominal annual fee of $50 (the fee graduates upwards slightly for very large Corporations).

Tax Points

Wyoming has one of the least burdensome business tax structures in the United States. Again, the key advantages are:

  • Wyoming imposes no income tax on either Corporations or Limited Liability Companies.
  • Wyoming imposes no franchise tax.
  • Wyoming imposes no tax on capital stock or assets.
  • Wyoming imposes only minimal annual fees of $50.

The Wyoming Flexibility and Convenience Advantage: Pro-Owner and Pro-Convenience Legal System

Wyoming’s legislature understands the needs of business owners and intentionally designed their corporate law to be pro-convenience and pro-owner. Wyoming offers a wealth of features that bring flexibility, convenience, and time savings to Corporation and Limited Liability Company management:

  • Wyoming is a “sole owner” state; Wyoming allows one individual to serve as the stockholder, director, president, secretary and treasurer. The sole owner rule applies to both Corporations and Limited Liability Companies. Some states require at least two officers and/or at least three directors. For a sole owner business, having multiple officers and directors may serve to drain time and resources. Wyoming’s sole owner rules ensure flexibility and efficiency.
  • Wyoming allows Corporations to charter with unlimited authorized shares. Corporations are normally bound by the number of authorized shares set forth in their articles of incorporation. If a Corporation exceeds the number of authorized shares designated in the articles, the Corporation must scramble to amend the articles to increase the number of authorized shares. Wyoming’s unlimited authorized shares option gives Corporations unlimited room for growth.

Are you ready to form your Wyoming Corporation or LLC today?

  • Wyoming is a “written consent” state; Wyoming gives owners and managers a wide degree flexibility to take corporate actions by written consent. A written consent is a binding, written resolution adopted by either the shareholders or directors of a corporation approving a particular corporate action. A written consent is a more convenient and less time-consuming alternative than the more burdensome method of calling, noticing, and conducting formal meetings of management and shareholders.
  • Wyoming Corporations (and Limited Liability Companies) may issue stock for nearly any sort of consideration: capital investment, services, personal property, or real estate, including leases and options. Not all states grant such power to a Corporation. This freedom allows Wyoming Corporations to issue shares for the services of employees and consultants. The Corporation’s directors may determine the value of any of these transactions, and their decision cannot be challenged. This rule is advantageous to organizers of companies–it gives them the power to adjust stock ownership as they see fit.
  • A Wyoming Corporation may purchase, own, hold, sell, transfer, pledge, or assign shares of its own stock. Not all states allow Corporations to own or transfer their own shares. This power brings valuable flexibility to the Wyoming business owner.
  • A Wyoming Corporation or Limited Liability Company can transfer stock instantly and privately, without any public notification or state filing. This is a further privacy protection that Wyoming Corporations, LLCs, and business owners enjoy.
  • Unlike some states, Wyoming does not impose a minimum capital investment requirement. As such, you need no minimum investment to form a Wyoming Limited Liability Company or Corporation. You can form a Wyoming Corporation or LLC with as little as $10 of capital–and no state authority will ever question the amount of initial investment made to the entity.
  • Wyoming has wisely organized the Secretary of State’s office into an efficient and effective customer service organization. The Secretary of State’s Web site is informative and easy to navigate. The searchable database allows one to quickly check on the status of one’s own Corporation or Limited Liability Company. Is one’s entity overdue in its annual report? Is one’s entity in good standing with the Secretary of State’s office? A simple check on the web will answer these questions. Annual reports can be done in seconds, right from your computer.
  • Directors and officers of Wyoming Corporations enjoy generous protection (sometimes called “indemnity”) from personal liability to the Corporation or to a Corporation’s shareholders in connection with their service to the Corporation.
  • A Wyoming Corporation or Limited Liability Company can be headquartered anywhere in the world. In fact, a Wyoming Corporation or Limited Liability Company is not required to maintain its records in Wyoming. Wyoming merely requires one Wyoming address: the address of your registered agent. Even non-U.S. citizens can form and own a Wyoming Corporation.

Are you ready to form your Wyoming Corporation or LLC today?

Your Wyoming Corporation can be operated from any where in the United States, or anywhere in the world, and your Wyoming Corporation or Limited Liability Company can own real or personal property anywhere in the world.