Wyoming LLC OFFSHORE COMPANIES INCORPORATIONS AND REGISTRATIONS OFFICERS
Carthagena Management Ltd : Offshore STAR RANKING : 3 Good
The State of Wyoming is one of, if not the most attractive states, in the country because of its taxes. In its June 2004 issue, Bloomberg Wealth Manager magazine declared Wyoming to be the number one friendliest state for wealthy people. For example, Wyoming has:
No income tax
No inheritance tax
No gift tax
No franchise tax
No excise tax
No business and occupation tax
Low property taxes
Wyoming is also attractive as the state to choose for the formation of business entities. Choices of business entity have evolved. Historically, corporations were the business entity of choice. However, limited partnerships and limited liability companies have become more popular as they provide greater tax reduction, greater asset protection and are more flexible. In July of 2002, Wyomings legislature enhanced their Close Liability Company legislation. These statutes are unparalleled when determining a jurisdiction for a business entity for your clients. These are the reasons why...
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