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Anyone have a Wyoming Corporation? Anyone have a Wyoming Corporation?
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Old 07-06-2011, 03:27 PM   #1
DateDoc
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Anyone have a Wyoming Corporation?
Any disadvantages to it? I know I will still have to pay taxes in the state where I live but WY seems to offer the same as NV for less money.
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Old 07-06-2011, 03:30 PM   #2
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If you are going to pay taxes anyway, what's the advantage over just incorporating in your own state?
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Old 07-06-2011, 11:22 PM   #3
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If you are going to pay taxes anyway, what's the advantage over just incorporating in your own state?
The cost of forming the company. Also, if I moved and it was a state that had corporate tax but not personal tax (not sure if that exists though) that would be an advantage.
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Old 07-06-2011, 11:42 PM   #4
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Quote:
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If you are going to pay taxes anyway, what's the advantage over just incorporating in your own state?
Privacy and asset protection. Alot tougher to pierce the corporate veil of a Wyoming or Nevada corp. This isn't going to help you much if you are breaking laws, but it can certainly deter a frivalous lawsuit.
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