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DOMESTICATE
A NEVADA CORPORATION IN
WYOMING?
1. Nevada filing fees
are too high, and rising.
Nevada's Annual List of
Officers is $125 + $200 for the annual business
license VS. Wyoming Annual Report $50
2. Nevada plans an
income tax. Don't believe it? See this article in
Gaming Magazine.
Why is this happening in Nevada? In the past,
the mining and casino taxes covered the needs of
the residents of Nevada. The population
explosion and economic growth has created a
heavy strain on state budgets, now in the red,
for social services, education, police, and
infrastructure development.
Wyoming's population has remained level, at only
500,000 residents, for the last ten years. And
the State of Wyoming is in the black. Wyoming
has no income tax. This is a plus if you're
really doing business out of Wyoming. Check
with your tax advisor to see if you must file to
do business in your own state.
3. State business
license required in Nevada is now required with the
annual list of officers.
NV
State Business License requires list of
stockholders, their SSN, and % of ownership
disclosed as of June 1, 2005. Applies for all
corporations and LLC's, even if you DON'T do
business in Nevada. Privacy is dead in Nevada.
PROOF
Many
incorporators in Nevada are not talking about this
requirement. Failing to file this Nevada business
license can lead to the following consequences:
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The filing fee of $100 increases to $200
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Corporate credit can be cancelled or difficult
to obtain since the corporation is no longer in
compliance with the State of Nevada.
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The corporate veil is weakened.
In contrast, Wyoming doesn't require a business
license and doesn't collect stockholder data.
4.
The Secretary of State of Nevada SELLS your
information to information clearinghouses. And
they sell it to the IRS through a company called
ChoicePoint. Don't believe us? Call them at
775/684-5708.
For years, Nevada
has been promoting that they don't have an
information sharing agreement with the IRS. So
what? Ok. You don't share the information, you
sell it. I can see how that protects privacy.
Wyoming can't share or sell information they
don't collect.
WHAT DOES IT COST? IS
IT WORTH IT TO MOVE THE NEVADA CORPORATION TO
WYOMING?
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NEVADA |
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WYOMING |
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Yearly
Expenses: |
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Yearly
Expenses: |
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Annual List of
Officers: |
$125 |
Annual Report:
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$100 |
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Annual Business
License: |
$200 |
No Business
License: |
$ 0 |
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Registered
Agent Fee: Regularly |
$75 |
Our RA Fee:
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$ 75 |
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Nevada Virtual
Office/Mail Forwarding: |
$900 |
Wyoming Virtual
Office: |
$400 |
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SAVINGS: |
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HOW DO I
DOMESTICATE MY NEVADA CORPORATION IN WYOMING?
COMPLETE THE
DOMESTICATION ARTICLES
AND MAKE
A COPY OF THE DOCUMENT
1.
The document may be
executed by the Chairman of the Board, President or
another of its officers.
2.
The following documents must accompany the
application:
a. A certified copy
of its original articles of incorporation and
all amendments thereto currently certified
within six (6) months.
b. A certificate of
good standing not more than thirty (30) days
old.
c. A written
consent to appointment manually signed by the
registered agent.
What
to order from Nevada:
Copy of Articles of
Incorporation:
Costs $2 per page (usually about 10 pages) and
$30 for the certification.
Expedite fee for
the articles: $75 Nevada takes about 4 to 6
weeks to provide these documents without the
expedite procedure.
3. Obtain our
Wyoming registered agent service for $75. Call
307.237.2580 |