NAME & INDUSTRY ISSUES
NEVADA VS. WYOMING
DELAWARE LLC VS.
NEW MEXICO, LLC
SHELF CORPORATION MARKETING ADVANTAGE
NOMINEE EIN ALERT
Build Corporate Credit
Delaware LLC v. Wyoming LLC
Nevada Virtual Office
Nevada Resident Agent
THE LIMITED LIABILITY COMPANY
incorporators claim that they don't have an information sharing agreement with
the IRS. What about Wyoming?
Nevada, Wyoming and Delaware cannot share
information they don't have. And since stockholder information is not
reported to any one of these states, and their respective Secretary of State,
then that information cannot be shared. Simply, you can't share
information you don't collect. It's true that Nevada doesn't have this
information sharing agreement with the IRS, but it's only symbolic in its effect.
The information is really collected through the bank, when opening an
account, even if that bank is in Nevada. Banks are required to do a
screen of the signer on the corporation's account, before opening the account.
And there's a record produced, and transmitted, as to whom is the signer that
applied for the account. And your social security number is required to
open the account in the first place. As you know, all banks are under
Federal jurisdiction. The lack of a sharing agreement with the IRS
doesn't surmount to a hill of beans.
Nevada incorporators don't tell you:
website at the Nevada Secretary of State makes it easier to search for
all the corporations for which you're associated, as Director or Officer,
than in many other states. The IRS employees have access to the
internet just as you do. Don't rely on the lack of this information
sharing agreement as means to hide anything. Remember that they are
trying to SELL you a corporation.
Nevada sells their database to information clearinghouses because
they are strapped for revenue. In contrast, Wyoming does NOT sell
their corporation data to anyone. The IRS subscribes to these
information databases for data mining and to locate, and track, people and
assets. WHY IS NEVADA PROMOTING THE "LACK OF AN
INFORMATION SHARING AGREEMENT WITH THE IRS" WHEN THEY ARE ACTUALLY SELLING
THE INFORMATION? Promotion. It's all about promotion.
Wyoming doesn't sell corporation data to anyone. UCC filings and
agriculture filings are disclosed just as they are in all fifty states.
What about the
Filing fees in
Nevada are increasing and our Nevada clients weren't happy about the fees. We
offer now Wyoming because the benefits are the same as Nevada and the filing
fees are lower.
Whatís the difference between Nevada and Wyoming?
The filing fees are higher in Nevada and that means you pay much more to
obtain and maintain the Nevada corporation. You can obtain the same benefits
with a Wyoming corporation, or LLC, and pay less in filing fees. We sold
Nevada corporations for years and have now decided to offer Wyoming because
of the lower costs. As we speak, we're receiving frequent calls from persons
who have Nevada corporations, and seek to re-domicile their Nevada
corporation, in Wyoming, due to the lower filing fees.
What about a nominee officer EIN? When you apply for
the corporationís bank account, the bank screens your name with ChexSystems
and with OFAC (Office of Foreign Assets Control). OFAC shares their database
with the Department of Homeland Security and the US Treasury. This means that
IRS eventually knows the bank accounts for which you applied. Furthermore, your
agreement to abide to the banks internal rules and federal regulations
releases the bank to freely provide this information. Therefore, there is
no privacy when youíre the signer on the corporationís bank account,
regardless if you obtained a "nominee officer" EIN. The Employer
Identification Number is a private matter between you, your company and the
IRS. This information is not of public record. We donít provide or apply for
EINís because thereís no real value to this service. You may receive
conflicting marketing propaganda from our competitors because they have an
interest in charging you for a service thatís not needed.
Do you have aged corporations with an aged EIN? An EIN
is a set of random numbers. They are not sequential. Therefore, you really
canít tell if the EIN is new or old. This is a common question by those who
seek to build corporate credit. If having an "aged EIN" were of benefit, we
would apply for them. But we don't. Those selling corporate credit programs commonly
mispresent information. Furthermore, a corporation without an EIN is more likely
free from liabilities.
How do I know if the corporations are free from
liabilities? The best solution is to purchase from someone who is in the
business of selling aged shelf corporations. Why? Their reputation is on the
line. Selling one bad company would ruin their entire inventory. All of our
shelf companies are free from liabilities. We formed them and theyíve been
collecting dust ever since. They are guaranteed clean. Please
donít hesitate to call if you have any questions or concerns.
Whatís so great about Wyoming?
Wyoming is a state that is in the black, and without an
income tax. This is because they believe in small government, the respect for
property rights, and the right to be left alone. This is a rarity in a country
filled with socialist-minded government officials who rationalize the
involuntary re-distribution of wealth, loose economic policy and the confiscation of assets.
Why are the filing fees going up in Nevada?
Nevada is facing a population explosion. The mining and
casino taxes no longer support the ambulatory, police, educational and other
civil services needed by their citizenry. As a result, corporate fees are
going up and you pay more in Nevada. In contrast, Wyoming has had about
500,000 residents and the population has remained relatively level for the
past ten years. Wyoming doesnít face the same economic demands as faced in
Nevada. Thatís why the filing fees in Wyoming are so low.
NO TAX BENEFIT TO PURCHASING A SHELF CORPORATION OR SHELF LLC.