Fees to Start and Maintain a Corporation in Wyoming are about 50% Less than Nevada
Not to mention the sly tactics meant to nickel-and-dime-you-to-death, such as the "Officer Fee". This isn't mentioned until it is too late, and then you are obligated to pay it.
With Wyoming it is simple: If you incorporate with WyoInc., our fee takes care of the Wyoming State Incorporation fees as well as your obligation to have a Registered Agent in the state. The ONLY fee required after that occurs on the first anniversary of forming your Wyoming Corporation. Wyoming charges a $50 annual corporation renewal fee, as long as corporate assets within the state of Wyoming are less that $500,000. That's it!!
I'll have to admit, we don't pay a whole lot of attention to other states, but through the years we've gleaned some information. Here are some things that stand out:
In Nevada, about 30 days after your initial corporation filing, you will get hit with a $125 Officer Filing Fee. Wyoming Corporations DO Not have this requirement.
A Nevada Corporation also requires a business license issued by the local municipality where your Nevada corporation is based (your Registered Agent). This is another $100 or so. Again, this does not exist with a Wyoming Corporation.
These are some of the hidden fees that aren't mentioned by those promoting Nevada Corporations. Granted, for some there may be a reason to use Nevada to form your corporation but as a whole, Wyoming offers so much more value for businesses!
I must mention here that most are interested in starting a corporation in a state like Wyoming or Nevada because there is no state income tax.
Well, it isn't advertised a lot but the state of Nevada is not as "flush" as it used to be, and there's been talk of taxing corporations there. Let's face it, they see a huge potential to tax these entities to help with state finances. Since most corporations are not owned by constituents, the politicians really have little to lose.
On the other hand, Wyoming is a stable and wealthy oil state. The revenues from the oil and gas industry more than take care of state expenses.
Just some food for thought.
