Wyoming Corporation do truly allow anonymous ownership
A corporation is a legal entity with its own money, property and financial obligations. If Wyoming Corporation is sued or has financial difficulties, the owners can only lose the amount they have invested in the corporation. Their homes, cars and life savings, for example, are protected. This is known as “limited liability,” and it is one of the main reasons people form corporations.
A corporation continues to exist beyond the lives of its owners and offers additional benefits, such as potential tax deductions and the facility to transfer shares from one shareholder to another, which can also make it more attractive to outside investors. To form a Wyoming Corporation, you need to file articles of incorporation with the Secretary of State and pay a filing fee. Your corporation’s existence begins when you file the articles, unless the articles specify a later date.
In regard to stock structure, the articles of incorporation must list the number of shares the corporation is authorized to issue. If there is more than one class or series of shares authorized, the articles must state the classes or series, the number of authorized shares in each and a distinguishing designation for each class or series. Before shares in a class or series are issued, the articles must describe the preferences, limitations and relative rights applicable to that class or series.
sites.google.com/site/wyomingccorporation
Wyoming Corporation are superior in several ways to similar other corporations, which had once been popular for privacy and asset protection strategies. Owners of Wyoming corporations enjoy the following benefits:
No Corporate or Personal Income Tax. Because there is no income tax in Wyoming, there is no state income tax return to file every year.
No business tax. Wyoming does not force you to register your business with the State and pay a fee simply to be a business in Wyoming. We recently shocked the incorporation community by requiring a business registration tax of $100, after paying hundreds more to form your corporation.
One Person Corporation. One person can be the President, Secretary, and all the officers and directors of a corporation.
Limitation of Liability:- The officers and directors of a Wyoming C Corporation are protected by statute and case law from the debts and actions of the corporation.
Complete Anonymity:- Annual reports require the name of only one person and report only the assets located in Wyoming. With a Wyoming corporation you really can anonymously own your corporation.
Unlimited Shares:- You can issue unlimited shares, with or without par value through your Wyoming corporation.
A registered agent receives notices, lawsuits and other official correspondence on behalf of the corporation and is responsible for forwarding that correspondence to the corporation. The registered office is the agent’s business office. A registered agent may be a Wyoming resident who is at least 18 years old or a business entity authorized to transact business in Wyoming. The agent may be a registered commercial registered agent. The registered agent’s business address must be identical to the registered office.
Specifying Incorporators
An incorporator’s chief responsibility is to file articles of incorporation with the Secretary of State. You must adhere to the following conditions when specifying incorporators:
** The names and addresses of the incorporators must be included in the articles of incorporation.
** Every corporation must have at least one incorporator.
** A person or an entity may serve as incorporator.
** If the articles of incorporation name initial directors, the incorporators’ duties end when the articles are filed. If the articles do not name directors, the incorporators must elect directors and may also adopt bylaws.
The purpose of every Wyoming C Corporation is to engage in any lawful business. It is not necessary to state any additional purpose in the articles of incorporation, unless you want to limit your business to a particular purpose. A corporation’s bylaws provide details about the way a corporation will be organized and the rules and procedures it will follow. Bylaws typically include such matters as the number and terms of directors, the duties of officers, the manner in which reports are issued to shareholders and the way that shareholder meetings are to be conducted. Bylaws are not filed with the Secretary of State.
The Wyoming Secretary of State requires a fee when filing articles of incorporation or reserving a corporation name. Corporations are also required to pay federal income taxes. Wyoming does not have a state corporate income tax. A Wyoming LLC formation or corporation offers its officers and directors the highest degree of protection from lawsuits filed by disgruntled creditors or overzealous plaintiff attorneys. Doing business as a Wyoming C Corporation or LLC can give you advantages like asset protection and business privacy.