Wyoming is the choice of entrepreneurs who want to easily start and manage their own companies. It is the most popular state for online businesses, e-commerce businesses, or non-US residents.
Lower annual fees ($300 in Delaware vs. $62 in Wyoming), lower installation fee ($100)
Wyoming was the first state to invent the LLC structure. Wyoming has a friendly business environment and has even been referred to as the “Switzerland of the Rocky Mountains.”
On the other hand, although it is not known by many people, the reasons why Wyoming is most preferred include the following;
- When you have a resident office in Wyoming, economic nexus does not have to be triggered and taxes paid to the state because there is no personal income tax in the state.
- It makes more sense for Amazon to form an llc in Wyoming because our partner, Northwest Registered Agent, accepts postal verification cards sent for Amazon account opening in this state free of charge. Thus, you do not have to pay money every month to address companies with private virtual offices or suites.
- You can easily pay the annual state fee of $62 in a few steps on the state website.
- You do not need to take any extra action for closing (EIN cancellation is done by the IRS), it will automatically terminate within a certain period of time if you do not pay the annual state fee.
- Obtaining a good standing certificate is free of charge and you can download it for free from the website.
- There are free email services that notify you that you must pay the annual state fee each year. Of course, you need to register your e-mail for this feature.
- Obtaining a Resale Certificate is not very difficult, you can register for tax online.
- Labor laws are advanced and the law favors companies when considering the possibility of litigation.
- The installation is quite fast, the installation is completed in 2-3 business days.
- Confidentiality is essential; names of company owners are not published in public records in company documents.
You can start your company for just $139 (address included) by using our step-by-step guide to forming an LLC in Wyoming
