Wyoming Limited Liability Companies have the best asset protection laws, low fees, no taxes and allow for anonymous ownership. Online stores, real estate investors, and holding companies are just some industries which see benefits from forming LLCs in Wyoming.

What does a nominee do in a corporation?

In business terms, a nominee is a person hired to represent you on public documents. When you hire a nominee or use nominee services, the nominee will list their name and information on business filings (like articles of organization or incorporation) in place of your name and information—usually as a director, officer, member, or manager.

Can you hire a nominee for a LLC?

No, hiring a nominee for your LLC or corporation cannot keep you completely anonymous, thanks an IRS rule. The IRS does not allow business owners to use a nominee’s name on the EIN application. While an EIN application doesn’t become part of the public record, the IRS will know who owns your business, nominee or not.

How much does it cost to file a Wyoming LLC annual report?

The annual report is technically calculated as the lesser of $50 or $50 for every $250k in assets in Wyoming. For most of clients this means they will have a $52 report to file every year. The company is also required to have a registered agent in Wyoming.

Important: If you don’t live in Wyoming, or do business in Wyoming, please read why you shouldn’t form an LLC in Wyoming. A Wyoming LLC – Limited Liability Company – is a legal structure created to protect your personal assets in the event your business is sued.

Where do I get a Wyoming LLC number?

Federal Tax ID Number (EIN) • A Federal Tax ID Number is obtained from the IRS after your Wyoming LLC is approved by the Secretary of State. This number is used to identify your LLC with the IRS, mostly for tax purposes (similar to how a social security number works for individuals).

Where to open a US LLC when you live abroad?

Where to register a US LLC when you live abroad. You can generally select any state to register the LLC. For taxpayers abroad, we typically recommend opening the LLC in Delaware, which has low taxes, maintenance fees and rigid corporate law. Wyoming is another great option.

Can a Delaware LLC do business in New York?

You incorporated your business as a Delaware LLC, but are physically located in New York. You’ll need to file a foreign qualification to conduct business in New York. (For this reason, it’s often best for small companies with fewer than five shareholders to incorporate in their home state.)