Category Archives: Incorporate Wyoming

Close Corporation

A close corporation is generally defined as a corporation owned by a limited number of stockholders, usually no more than 35, who generally are active in the affairs of the corporation. A close corporation is often composed of family members … Continue reading

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“S” Corporation

An “S” Corporation” is a regular corporation that has between 1 and 100 shareholders and that passes-through net income or losses to shareholders under in accordance with Internal Revenue Code, Chapter 1, Subchapter S. Corporations must meet specific eligibility criteria, … Continue reading

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Limited liability company (LLC)

Though it bears similarities to both, a limited liability company (“LLC”) is neither a corporation nor a partnership. Therefore, the owners of an LLC are not a shareholder or a partner. Rather, they are called members. Nevertheless, you can find … Continue reading

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Wyoming versus Nevada

YOU WANT TO START A BUSINESS: So you’ve decided to start your own business – congratulations!  It’s a huge leap to take care of your own taxes, accounting, payroll, inventory, and a myriad of other activities necessary to run a … Continue reading

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“C” Corporation

This type of general, for-profit corporation is referred to as a “C” corporation (referring to Chapter C in the IRS code). “C Corporation” merely refers to a regular, state-formed corporation. A corporation is owned by shareholders and is managed and … Continue reading

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Where to incorporate

A current debate worth exploring is the benefits of incorporating in the State of Nevada verses the State of Wyoming. The State of Wyoming has made amazing strides by constructing corporate statutes to attract new companies to form there.  In … Continue reading

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