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| Delaware Corporation |
Wyoming Corporation |
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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. |
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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. |
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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. |
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Ownership information
not reported to the state. |
Ownership information not reported to the
state. |
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DELAWARE LLC VS. WYOMING LLC |
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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. |
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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. |
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Delaware LLC offers charging
order protection. |
Wyoming LLC offers charging order protection. |
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COST |
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DELAWARE LLC |
WYOMING LLC |
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Delaware filing state fee for the LLC
is $90. |
Wyoming state filing fee for the LLC
is $100. |
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Delaware franchise tax is $200.
Don't forget the Franchise Tax for Delaware LLC's.
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Wyoming has no franchise tax. |
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Registered Agent Service $50 or
more. |
Registered Agent Service $75,
included with a new company. |
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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. |
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TOTAL
DELAWARE LLC $440 |
TOTAL WYOMING
LLC $400 |
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ANNUAL RENEWAL, STATE FEES |
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DELAWARE LLC
State fees |
WYOMING LLC
state fees |
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Annual Franchise Tax $200 ($100
fee is paid late) |
No Franchise Tax |
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Annual filing $0 |
Annual report with WY state $50 |
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