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DELAWARE CORPORATION VS. WYOMING CORPORATION

Delaware Corporation or Wyoming Corporation? Delaware Corporation or LLC?

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THE LLC : FLASH PRESENTATION

 
Delaware Corporation Wyoming Corporation
Delaware  Corporations are for big business.  The Chancery Court is best for those businesses that are publicly held.  Delaware is best for big business.  More than 60% of Fortune 500 companies are filed in Delaware.  Why?  Case law with a history over 100 years addressing shareholder rights.  Delaware is a state that is "pro-management."  Delaware has in come tax, state franchise tax, and is more regulated.  There are reporting requirements. Wyoming is for small business.  Small and privately controlled companies are best served by a Wyoming Corporation.  Wyoming is best for small business.  Ownership is private.  There's no income tax in Wyoming.  Your Wyoming company may need to file to do business in another state under certain circumstances and file taxes in your home state.
Annual fee $125 every March 1st. This fee applies if you have up to 1500 shares at no par value. Annual report $50 on the anniversary month.  Unlimited shares at no par value.
Delaware sells more corporations because they have more incorporators in that state.  Delaware is best for large companies where the stock is traded on an exchange. Wyoming only has 500,000 people in their state, and with a handful of incorporators.  The state is low key and the residents have a great respect for property rights.
Ownership information not reported to the state. Ownership information not reported to the state.
   

DELAWARE LLC VS. WYOMING LLC

Delaware Series LLC. Delaware offers the series LLC where you can have an LLC within an LLC.  This is an unproven structure.  Most attorneys don't know how to use it.  Those who know charge $350 per hour or more. 

Delaware Series LLC's are complicated and costly to maintain.

Series LLC not offered in Wyoming.  The Wyoming LLC filing fees, and lack of a franchise tax, allow for several LLC's to be formed and operated when needed.  Low cost, manageability, flexibility, and the focus on small; business make it a good choice.  Easy to understand.
Delaware copied from the Wyoming LLC Act.  WYOMING invented the American LLC in 1977, as it was modeled after the 1892 German company law known as Gesellschaft mit beschrnkter Haftung (GmbH).  Nevada and Delaware copied Wyoming's LLC and profited from it most through better marketing.
Delaware LLC offers charging order protection. Wyoming LLC offers charging order protection.

COST

DELAWARE LLC WYOMING LLC
Delaware filing state fee for the LLC is $90. Wyoming state filing fee for the LLC is $100.
Delaware franchise tax is $200. Don't forget the Franchise Tax for Delaware LLC's.  Wyoming has no franchise tax.
Registered Agent Service $50 or more. Registered Agent Service $75, included with a new company.
Most companies provide a generic operating agreement, resolutions, etc. Our operation agreement and resolutions are geared for charging order protection, protecting the corporate veil, and limited liability.
TOTAL DELAWARE LLC $440 TOTAL WYOMING LLC $400

ANNUAL RENEWAL, STATE FEES

DELAWARE LLC State fees WYOMING LLC state fees
Annual Franchise Tax $200 ($100 fee is paid late) No Franchise Tax
Annual filing $0 Annual report with WY state $50
 

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DELAWARE CORPORATION v. WYOMING CORPORATION

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PRIMERA, INC.,

109 EAST 17th Street, #25, Cheyenne WY 82001

307.237.2580, fax 702.920.8824

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Aged shelf corporations and LLC's offer no tax advantages.  We're not attorneys.  We're not tax advisors.  Aged shelf  corporations are not an advantage if you intend to do business with the government.

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