Starting a Business
Once a business makes the move to incorporate, there are many more decisions that follow. A business is entitled to incorporate in any state it chooses, regardless of where it operates out of, especially since other states often offer businesses more flexible laws for incorporation
or better tax treatment, making the option to incorporate in a state other than where the business resides far more attractive.
One state recently vying for business owners attention and attempting to compete with Nevada - a popular state to incorporate because of its incredibly low taxes - is Wyoming. Incorporating
in Wyoming offers business owners 87 percent less state fees than Nevada and has no business license fees or officer filing fees.
Often, incorporating in Nevada comes with a negative "stigma," as many businesses will file there to achieve illegal goals. However, by incorporating in Wyoming, businesses can avoid this negative connotation.
Wyoming provides other attractive options for business owners such as the ease in moving an existing corporation to the state and its lack of state taxes. Additionally, business owners do not need to be Wyoming citizens in order to incorporate there and can operate their firms from anywhere in the world.
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