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Wyoming has no corporate income and sales taxes and state’s business privacy laws have made it a popular destination for new businesses. Most of them have an LLC entity structure because it is specially-designed to help small businesses.
Just $49 + $100 State Fee
Limited Liability Protection
LLCs are treated as a separate legal entity, giving members limited liability protection of their personal assets.
Taxes are not paid at the business level – instead, income and loss are reported on the members’ tax return.
Some LLCs are member-managed, similar to general partnerships, other LLCs are manager-managed.
LLCs generally have few state-mandated requirements with minimal accompanying paperwork.