Establishing a Company in Wyoming: LLC or Corporation

Creating an LLC or a corporation in Wyoming is the best solution for privacy. Starting a company or an LLC in Wyoming is the best way to ensure maximum privacy. With the Nominee Trustee service provided by ExportUSA, the names of the company's partners and directors do not appear on any company document and are not included in annual filings with the Wyoming Department of State. This is not the case in Delaware, for example, where anyone can request a copy of the incorporation certificate and know the names of the directors.

Here are the preliminary steps for setting up a company in Wyoming:

1. Choose the company name;
2. Select the Incorporator and the Registered Agent authorized to operate in Wyoming;
3. Have an address for the company's headquarters in the state.

To initiate the company formation process, it is necessary to file the Articles of Incorporation with the Wyoming Department of State. The Articles of Incorporation must contain the following minimum information:

• Company Name: Also include the designation "Corp" or "Inc."
• Indicate if it is a "Close Corporation" which in Wyoming is a type of corporation subject to specific regulations (WY Stat § 17-17) and different restrictions for stock transfers.
• Name and address of the Registered Agent. It must be an address in Wyoming and the Registered Agent must be authorized to operate in Wyoming.
• Mailing Address of the company: It doesn't need to be in Wyoming. This address is provided by ExportUSA
• Address of the company's headquarters: It must be a physical address in Wyoming. Provided by ExportUSA
• Number of shares for which authorization is requested: For each class of shares (e.g., "Common" or "Preferred"), indicate the number of shares to authorize.
• Name and address of the Incorporator in Wyoming: The incorporator is the person or entity authorized to sign the Articles of Incorporation. The incorporator can be a Director or Officer of the company, or another person authorized to file the Articles of Incorporation. ExportUSA handles providing both the Registered Agent and the incorporator.
• Email for receiving legal document notifications: If the Registered Agent is not reachable, the Secretary of State will send legal notifications to this email address. We generally indicate an email address provided by ExportUSA
• Signature of the Incorporator: The signature of the person who prepares and files the Articles of Incorporation.
• Contact Person: In case of issues with the Articles of Incorporation, the Secretary of State will notify this person.
• Form of consent from the Registered Agent.

Starting company activities in Wyoming once the opening process is completed with the Department of State

With the confirmation of the company's incorporation by the Wyoming Department of State, the opening phase can be considered complete, and it is necessary to proceed with the necessary activities to start operating the company in Wyoming:

• Call the first Shareholders' Meeting to elect the Board of Directors
• Hold the first Board of Directors Meeting to:
  • Adopt the company's bylaws
  • Decide on the issuance price of the shares;
  • Proceed with issuing the shares based on the number of shares authorized by the Wyoming Department of State [according to the request contained in the Articles of Incorporation]
  • Update the shareholders' book;
  • Authorize the request for the EIN [tax number] and the opening of the company's bank account;
  • Elect the company's Officers: President, Secretary, and Treasurer [possibly also one or more Vice Presidents]
• Open online accounts with the IRS linking them to the company's bank account;
• Submit the administrative report to the State of Wyoming [the filing deadline is before the first day of the month when the anniversary of the company's opening in Wyoming falls]
• File the federal income tax return before April 15 each year for income earned the previous year. Corporations are required to file a tax return even if no taxable income was earned.

Addresses and Domiciliation of Companies in Wyoming

Companies incorporated in Wyoming with ExportUSA have a series of distinct addresses for different needs:

• Company Headquarters Address - ExportUSA provides a physical address in Wyoming in Cheyenne [the state capital]  
• Address for notifications and official communications from Wyoming state authorities - In our case, this corresponds to the address of the Registered Agent's office in Wyoming [for example, 6211 N College Dr, Cheyenne, WY 82009]
• Operational office address of the company - This is part of the company domiciliation service offered by ExportUSA and corresponds to the address of our office in Brooklyn [18 Bridge Street, 2a - Brooklyn; NY 11201] Companies domiciled with us can use this address as a contact point for their clients and suppliers. The service also includes a US phone number; 
• Address for the IRS [which is the federal tax agency equivalent to the Italian revenue agency] This also corresponds to the address of ExportUSA's office in Brooklyn. This is where all mail from the US tax authorities arrives, which is then handled as part of the domiciliation service.

Taxation in Wyoming

An LLC or a Corporation in Wyoming can be an excellent solution from a tax perspective

For e-commerce activities and activities related to the sale of intangible goods or online services [web marketing, consulting services, etc.], establishing an LLC or a Corporation in Wyoming can be an excellent choice. The important thing is to start a business activity that does not create a nexus in other US states [And it's no coincidence that the state of Wyoming is home to many data centers]

ExportUSA can handle all aspects related to opening any type of company [LLC or Corporation] in Wyoming, including opening the bank account. Beforehand, we can analyze the type of business of the company to confirm that Wyoming is indeed the best state to open your company in the United States.
 

Other tax advantages for companies in Wyoming

In Wyoming, there is no income tax, neither for individual income nor for corporate income. In addition to income tax, there are also other tax advantages that make it particularly beneficial to open a company in Wyoming:

• Capital gains from cryptocurrency trading are not subject to taxation [in other words, buying and selling cryptocurrencies are not subject to capital gains tax]
• The sales tax rate is 4%, one of the lowest among states that impose sales tax [the four states that do not impose sales tax are: Montana, New Hampshire, and Oregon]

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