Why Wyoming for Limited Liability Companies (LLCs)

Wyoming is a state in the United States known for its favorable asset protection laws and anonymous ownership of LLCs. These advantages make Wyoming an ideal location for online stores, real estate investors and holding companies.

Asset protection

In Wyoming, law states that an LLC shareholder’s creditors do not have access to the LLC’s assets. This is not the case in other US states. In these states, a creditor can prove that the shareholder used the LLC as a “petty cash” and thus gain access to the LLC’s assets.

anonymity

The LLC shareholder’s information is not published in the commercial register in Wyoming and is not transmitted to the commercial register. Only the data of the founding attorney or the service providers he uses will be published.

Additional advantages

Wyoming offers other benefits to LLCs, including:

• No state income tax
• No sales tax
• No corporate tax: There is no corporate tax in Wyoming. This means that LLCs in Wyoming are not required to pay their profits to the state.
• Low Formation and Administrative Costs: Forming and maintaining an LLC in Wyoming is relatively inexpensive.
• Short establishment period

Conclusion

Wyoming is an attractive location to form an LLC. The favorable asset protection laws and anonymity offer companies and individuals a number of advantages.

Why the US is a safe haven for assets

The United States is a popular destination for investment and asset protection. This is due to a number of factors including:

Asset protection through the Limited Liability Company (LLC)
The LLC is a legal form that guarantees the personal and business asset protection of the shareholders. In the USA, the laws protecting LLCs are particularly strict. This also applies to foreign shareholders.

anonymity
In the USA, the data of LLC shareholders is not publicly accessible. This offers a high level of privacy protection.

Tax benefits
The US offers a number of tax advantages for LLCs. LLCs are exempt from income tax in most states.

Political stability
The USA is a politically stable country with a strong legal system. This provides security for investments and assets.

The following points are particularly relevant to asset protection:

In the USA, corporate transparency is much lower than in Europe. The data of LLC shareholders is not publicly accessible.

Foreign shareholders are not subject to tax in the USA.
The USA is politically highly fragmented. The states have a lot of rights. This prevents the federal government from going overboard.
The US Supreme Court is very conservative. He regularly torpedoes the federal government’s measures.
In the USA, property is very important. It is seen as an expression of personal freedom and initiative and enjoys special protection under the constitution.
Conclusion

The US is a safe haven for assets. The LLC is an ideal legal form for asset protection because it ensures the personal and business asset protection of the shareholders and the US has particularly strict laws to protect LLCs.

Advice on forming an LLC and opening a bank account

Forming an LLC and opening a bank account for an LLC are relatively easy in the United States. We offer you comprehensive advice on all aspects of setting up and managing an LLC. This includes opening a US business account for your LLC.

Contact us today and get advice without obligation.

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