A Wyoming Close LLC is a smart method of asset protection planning, and can make proper use of a Wyoming LLC for asset protection. Wyoming is a pro-business state, and has very strong company laws with many advocates of privacy and liberty creating a favorable business Environment.
A Wyoming close LLC can have many uses based on your individual situation. A Wyoming close LLC can be ideal for your estate planning or asset protection purposes. Here are some facts about a Wyoming Close LLC.
A Wyoming Close LLC still retains the protective power of other Wyoming LLC Statutes that also provide strong asset protection for your LLC formed in Wyoming.
The sole remedy for potential creditors of a Wyoming Close LLC is a charging order. This essentially means that it is difficult for creditors to seize your assets in the event of a lawsuit, particularly when compared to other states like California or Florida.
The Wyoming Close LLC can include provisions that make it difficult to transfer membership of the LLC. This can be advantageous for several reasons.
A Wyoming Close LLC will oftentimes prevent a lawsuit from even occurring, because a creditor will see how difficult it is to control the Wyoming LLC as a creditor.
Wyoming Close LLC’s can choose to make profit distributions (dividends) if and when they choose. If there was a charging order against an LLC, you might choose not to make a profit distribution, for example.
A Wyoming Close LLC makes it difficult or impossible for a hostile takeover because the Wyoming Close LLC membership is established and not easily transferred and difficult to change, but only if you decide to make it this way.
For only $100 we will form your Close Wyoming LLC. We charge $100 to form a Wyoming Close LLC. $97 for Wyoming registered agent services, and the State filing fee of $100. A total of $297.
An optional service is the customized operating agreement for an additional $100 and a tax id for $50.
The Wyoming Close LLC is a fantastic option for anyone considering Asset Protection or Estate Planning. Asset protection is a great reason for forming a Wyoming Close LLC. You might also look at our Worldwide Jurisdictions. However, if you decide to go with a Wyoming Close LLC, e can also refer you to a Wyoming Estate planning lawyer who can create a customized operating agreemtn for your Wyoming Close LLC.
You need a registered agent to form a Wyoming Close LLC. Registered Agent Worldwide is the best Wyoming Registered Agent Service in the State of Wyoming. We provide everything you need, and won’t hassle you with anything you don’t.
Sign up for a Wyoming Close LLC today.
Asset Protection Worldwide LLC is a company that helps entrepreneurs and small business owners protect themselves from lawsuits. Contact us today to see how we can help you protect yourself.
Wyoming is one of the best domestic jurisdictions for Asset Protection, as the sole remedy for a lawsuit in Wyoming is a charging order, you are afforded several benefits for asset protection planning.
International asset protection, or Asset Protection worldwide should be a consideration for individuals with considerable net worth, or who are dealing with a particularly liable field. America is a very litigious society, and every entrepreneur should consider domestic Wyoming Asset protection for their business, and Wyoming Asset protection for their personal wealth.
Wyoming asset protection is also useful because you can effectively anonymously own a Wyoming legal entity. Registered Agent Worldwide will file the documents on your behalf, allowing you to benefit from anonymous business registration in the United States.
The advantages of owning a business are twofold – firstly, you cannot be located at the owner of the entity, you don’t become a target for predatory lawsuits. Secondly, if you are being sued personally, and they cannot find this asset, it will not be listed on the charging order. Furthermore, there are set ups in Wyoming where you could be sued, lose the suit and still be protected because of a comprehensive and well planned hybrid entity asset protection set up.
Wyoming LLC’s are great for asset protection. They are inexpensive yet provide strong protection. Privacy laws in Wyoming are strong, and for the many individuals, a domestic asset protection plan may be enough. For those who truly want to have 100% bulletproof protection, International asset protection planning and wealth management may be necessary. Wyoming Asset Protection is particularly useful for Real Estate investors.
Other states that have solid asset protection are New Mexico and Nevada. States that have particularly poor asset protection purposes are Massachusetts, Florida and California
Avoid lumping assets with liabilities in attempt to save money. Ideally, each segment of your business is separate and distinct, keeping what is valuable (cashflow, assets) away from what costs you money (long term liabilities, potential litigation, employees)
Asset Protection should be used to ‘get creative’ with your taxes. Asset Protection mitigates risk, and oftentimes saves you a boatload of money in the long-run at the cost of short term set up costs. The problem is most people wait until it is too late to start their asset protection planning – which can fall under the topic of fraudulent conveyance.