wyomingllcattorney.com Open in urlscan Pro
76.76.21.21  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Services
 * Wyoming LLC Formations
 * Wyoming Registered Agent
 * Virtual Office
 * Mail Forwarding
 * Wyoming Corporation
 * Wyoming Asset Protection Trust
 * Unregulated Private Trust Company
 * Self-Directed 401k LLC

Resources
 * Wyoming LLC Privacy
 * Holding Companies
 * Wyoming LLC Benefits
 * Annual WY LLC Fees
 * LLC Operating Agreements
 * Obtain Your EIN
 * Open A Bank Account
 * Blog

AboutPricingContact FormCall: +1-307-683-0983LoginOrder Now
Free BOI/CTA filing for all clients. Receive your LLC, EIN, and bank account
SAME-DAY. Learn more.

By Mark Pierce, Esq.

Mark Pierce is the founding partner of Wyoming Trust and LLC Attorney. He is an
estate planning and small business structuring expert with over 40 years of
experience.


WYOMING TRUST & LLC ATTORNEY

Limited Liability, Limitless Potential ℠


ASSET PROTECTION PLANNING

If having health, home and car insurance seems obvious, then you should insure
your other assets too. Forming a Wyoming LLC or Wyoming Asset Protection Trust
insures against overly zealous creditors, bad luck, poor decisions, bankruptcy
and divorce. Creditors will be forced into a better settlement or to dismiss the
case altogether. Not planning throws your financial affairs to the wind in the
hope "things just work out."

Allow our Wyoming Trust and LLC Attorney to be your guide during this process.
Our Wyoming law firm was founded in 2003 with a focus on estate planning and
trust law. Since then, we have expanded to online corporate services, such as
LLC formations in all 50 states, online bank account opening and registered
agent services. Join thousands of other clients and allow us to be of service
today.


CORPORATE SERVICES


SEE WHAT OUR WYOMING LAW FIRM CAN DO FOR YOU

Wyoming maintains the most desirable jurisdiction for small businesses and asset
protection. Anonymous companies are allowed, plus there are no state income
taxes and low fees. These qualities have made Wyoming a leader in the
incorporation community.

These advantages are no reason to overpay when setting up an LLC or switching
registered agents, however. We know that for so long as we combine quality
services with reasonable prices we will be successful. Why fix something that's
not broken? View our corporate services for Wyoming companies below.

FORM A WYOMING LLC

Most of these benefits are unavailable to sole proprietorships and general
partnerships. Forming a Wyoming LLC provides the following advantages:

 * Limited liability protection: Owners are not responsible for business debts
   and liabilities. This is referred to as a corporate veil or shield.
 * Different membership classes. LLCs may create different share classes
   allowing for a custom distribution of economic and voting rights, e.g.
   through the creation of so-called preferred shares.
 * Fewer formalities. LLCs require less annual paperwork than, and do not face
   the meeting requirements imposed on C corporations and S corporations.
 * No ownership restrictions. No or very few ownership restrictions, e.g. share
   owners may be other LLC’s, the number of owners or shares isn’t limited
   either. Compare this to Nevada!

WYOMING LLC HOLDING COMPANY

Wyoming is a popular location for setting up a holding company. Holding
companies are generally location independent since they engage in no operations
of their own. This provides flexibility in establishing their domicile, and thus
drives many to use Wyoming LLCs, or Corporations, for their parent company.
Subsidiaries may then be established either in Wyoming or the state you are
operating.

E-commerce and real estate companies are not considered to be transacting
business in most states, California being a notable exception, and so the
children companies are often set up here as well. Please contact us if you would
like more information, or read how to start a holding company.

Order Now

WYOMING CORPORATION

One common purpose for forming a corporation is that it’s a separate legal
entity, formed under state law, which protects owners from creditor claims. It
can be viewed as a basic form of asset protection. Incorporating a business
automatically makes a “C” or “regular” corporation. A Corporation is considered
a separate taxpayer, with taxation occurring at the corporate level,
independently of the owners.

Corporate profits may then be distributed to owners as dividends. Many small
businesses do not opt for C Corporations because of this tax feature. This
feature, along with limited privacy compared to a Wyoming LLC, make C-Corps
significantly less popular. Nonetheless, we will cover them here in the interest
of being thorough.

 * Raise capital easily. Capital can be raised through selling stock.
 * Earnings remain inside the business. Earnings may be retained for reasonable
   business needs, in accordance with tax provisions on accumulated earning,
   rather than distributing them to owners.
 * Unlimited life. When a C corporation’s owner incurs a disabling illness or
   dies, the corporation does not cease to exist.
 * Salaries are deductible. Salaries paid to owners, though taxed at the
   individual level, are deducted from C Corp profits for income tax purposes.
   S-Corps don’t receive this benefit.

Speaking of Corporations and Holding companies, we also have these fun
resources... everything owned by nestle, the oldest businesses in the world and
the oldest businesses in the USA.

WYOMING'S CLOSE CORP & LLC

Wyoming's Close LLC and Close Corporation were created specifically for small
companies which have few owners, generally with ties to another, such as family,
friends or business partners. Close companies are otherwise regular corporations
and limited liability companies which have elected to operate in an informal
manner similar to partnerships. They are not required to hold meetings or
provide disclosures in the same manner their traditional counterparts are. This
is good for family, or single-owner companies, but can be a drawback if you do
not know your business partners as well. You should consult with Wyoming Counsel
to see whether this entity type is a good fit.

General Characteristics
 * Fewer Owners — no more than 35 shareholders or members.
 * Wyoming Statutory Close Corporation Supplement to the Wyoming Business
   Corporation Act, W.S. 17-17-101 et seq.

Disadvantages

A “Close Corporation” is a highly advantageous and flexible structure for small
to medium businesses. Though, possible disadvantages are:

 * Ownership transfers/sales are prohibited except in explicitly stated
   circumstances.
 * Those who do not know each other as well as family often benefit from
   required meetings and disclosures.

Advantages
 * Limited liability — same as traditional Corporation or Limited Liability
   Company.
 * Simple operations — none of the pomp and circumstance required from regular
   companies.
 * Reduced costs — relaxed governance means reduced accounting, legal and
   administrative fees.
 * Ownership Transfer Restrictions — existing owners are provided right of first
   refusal.

Tax Implications
 * Close companies are considered the same as regular companies for tax
   purposes.

Traditional companies must hold regular member, shareholder and director
meetings, elect directors, and provide proposals for significant undertakings. A
strict management hierarchy is also not required for closely held companies.
Family businesses do not generally hold annual meetings, however, given a family
often makes decisions around a dinner table etc. Removing these formalities
simplifies a companies operational overhead. In short, Wyoming Close LLCs and
Corporations allows small companies to bypass onerous formalities. You may use
us, or find a lawyer via the Wyoming Bar Attorney Search to find suitable
counsel in Wyoming.

CORPORATE SERVICES CONCLUSION

Others market cheap corporations and registered agent services... and you get
what you pay for. Our Wyoming LLC attorney helps secure your future through
providing follow-up services, such as establishing Asset Protection Trusts, and
assisting with estate planning. Our relationship doesn't end when create your
company, that's when it begins.


BUSINESS ASSET PROTECTION STRATEGIES

Why opt for unnecessary risks when we can take care of them for you? Asset
protection planning reduces the risk of catastrophic losses stemming from life
events. Our Wyoming Trust Attorney believes there are as many strategies as
there are people and their situations.

Generally, an asset protection trust is combined with a holding company and
subsidiaries to enhance their respective benefits. Each trust we form includes
two complimentary companies, EINs and a virtual office the first year.
Fortunately, the laws we help you utilize have been upheld by Wyoming's Supreme
Court.

Order Now


WYOMING ASSET PROTECTION TRUST

Alaska was the first state to allow anti-creditor trusts. Numerous states have
since followed, including Nevada, South Dakota and Wyoming. Each allow
self-settled trusts and have shortened windows for challenging transfers. They
are often brought up in discussions with high net worth clients. Domestic Asset
Protection Trusts are seen as being more palatable than their offshore
counterparts.

Such trusts take many forms and names. Each trust is tailored to your family's
specifications. Examples of trusts we specialize in are Dynasty Trusts,
Self-Settled Trusts, Generation Skipping Trusts, Grantor and Non-Grantor Trusts,
Qualified Spendthrift Trusts and other Irrevocable Trusts more generally. They
may hold stock, cash, property or any other type of asset(s). The maximum
duration is 1,000 years. We are happy to counsel you on additional asset
protection strategies as well, but also encourage you to only choose a member of
the Wyoming State Bar if you decide a domestic asset protection trust is for
you.

UNREGULATED PRIVATE TRUST COMPANY

A Single Family Wyoming Private Trust Company may be trustee for a single trust
or a family of related trusts. It may manage one or more trusts so long as they
are related. They are favored due to lower fees versus public trust companies.
They simultaneously enhance control and privacy while providing an opportunity
to mentor younger family members on important financial planning principals. Our
Wyoming counsel is happy to assist you through this transition.

Order Now

SELF-DIRECTED 401(K) LLC

Our setup enables you to bypass a custodian and invest in a wider variety of
opportunities. Bitcoin, real estate and alternative investments are ok. You will
save on fees and have full control over how your fund is managed. We handle
everything for you, from the Limited Liability Company to the operating
agreement. You then control the LLC and invest as you wish.


BUSINESS ATTORNEY BLOG

The above asset protection strategies complement our estate planning and
corporate services. Properly domiciling your assets and taking advantage of
Wyoming's Trust Law and LLC Act may benefit you enormously. Our Wyoming trust
attorney would be happy to craft a solution particular to your situation. The
benefits we provide come as a result of our state making a coordinated effort to
assist small business owners, this effort spans from the legislature to
Wyoming's Attorney General.

Our blog focuses on various case studies and applying our knowledge to business
formations across the 50 states. There we focus on topics such as what is a
holding company, can an llc own another llc, what is a dynasty trust, how to
start an llc, and the best state to form an llc.

Order Now


ESTATE PLANNING

Estate taxes trap the unwary. Yet, many avoid the discomfort of estate planning
because it relates to death and dying. One's choice amounts to getting ahead of
the issue, or leaving things to the cruelty of chance and forcing survivors to
face difficult decisions during an even more difficult time.

It's thus imperative to begin the estate planning process early and not to be
discouraged if you have yet to make arrangements. This section encompasses
everything you want to know about Revocable Living Trusts (RLT), HIPAA Release
Forms, Wills, Durable Powers of Attorney (DPOA), Advanced Health Care Directives
(AHCD), asset protection, living wills and nursing home poverty... but didn't
have an estate planning attorney to ask. Given Wyoming's unique laws, we
strongly encourage you to seek the counsel of an attorney who's a member of the
Wyoming Bar Association, rather than a different state.

Our articles cover how to prevent your savings from being wiped out by nursing
home costs, seven costly mistakes families make during estate planning, what
probate is, why you want to avoid it, how to minimize estate taxes and more.
Passing away without making proper arrangements can lead to unnecessary tax
burdens, bickering among relatives, undo stress and needless expenses for all
involved. We can help you avoid the above without paying the excessive fees of
attorneys in Jackson Hole.


WYOMING COUNSEL

Properly planning can save a lot of grief. Unfortunately, asset protection is
too often taken seriously only AFTER an accident has occurred. You should
contact a trust attorney in Wyoming BEFORE then to properly protect your assets.
You should consider forming a Wyoming Trust or Wyoming Limited Liability Company
to be foundational for future financial success. Why risk your assets when you
can live off them? Contact our Wyoming Trust and LLC Attorney today.

Order Now


RELATED TOPICS


Wyoming LLC Formations

Wyoming Virtual Office

Wyoming Mail Forwarding

Wyoming Corporation

Wyoming Registered Agent

Blog

Wyoming Trust
+1(307)683-0983
intake@wyomingllcattorney.com
Loading...
Privacy Policy | Terms of Service
Contact Info
 * Cloud Peak Law Group, P.C.
 * 1309 Coffeen Ave
 * Sheridan, WY 82801
 * +1 (307) 683-0983
 * intake@wyomingllcattorney.com


Services
 * Form a Wyoming LLC
 * Registered Agent
 * Virtual Office
 * Incorporation
 * Mail Forwarding
 * Asset Protection Trust

Resources
 * Series LLC
 * Close LLC
 * Holding Company Setup
 * WY LLC vs. NV, DE & NM LLCs
 * Real Estate Holding Company
 * What Is a Holding Company?
 * Open a Bank Account
 * LLC for non-resident



--------------------------------------------------------------------------------

Our Website, And Any Associated Content, Is Generalized And Should Not Be
Considered Applicable To Your Particular Situation. Our Site, And Any Associated
Content, Is Not Intended To Provide Advice Concerning The Particulars Of Your
Situation. Neither Reading This Site, Nor Speaking To Our Paralegals, In Any Way
Obviates The Qualified Professional Help We Urge You To Seek. It Is Of Utmost
Importance You Retain A Professional Before Embarking Upon Any Action Discussed
Herein.

Copyright © Wyoming LLC Attorney 2003 - 2024