| GENERAL INFORMATION |
| |
| Corporate Legislation Source |
The Wyoming Limited Liability Company Act sections 17-15-101 through 17-15-144 of the Wyoming state code. |
| Company Status |
LLC & Corporations. |
| Advantages |
LLC are free from all US taxes. Corporations have the lowest tax rate in the US . Not usually recognized as a tax haven. |
| Disadvantages |
Corporations are taxed on their world wide income and need to file a tax return with the authorities. |
| Capital |
No Minimum |
| Company Name |
Prior approval required.. |
| Incorporation Time |
1-2 weeks. |
| Shelf Companies |
Yes but can be more expensive. |
| Capital Duty |
None |
| Shareholders |
LLC Require a min of 2 which are called members – they do not hold shares in a company but agree to hold a percentage which is usually indicated in the Operating Agreement.
Corporations – One |
| Bearer Shares |
No shares issued. |
| Directors |
LLC – No MinimumCorporations No Minimum |
| Secretary |
Not required |
| Registered Office |
This is not required but a contact address must be provided. |
| Information available on public file |
LLC – Details of members, Registered Agent or contact address available. Corporations – Registered Agent/Contact Address. |
| Documents to be held at Registered Office |
None |
| Accounts |
LLC – Not required
Corporation – This is required so that the annual return can be prepared and filed. |
| Annual Return |
No |
| Double Taxation Treaties |
Plentiful |
