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WARNING ON NEVADA CORPORATIONS
SHELF CORPORATIONS: NEVADA VS. WYOMING
READ THIS F.A.Q.
ON THE NEVADA COMPANIES. IT MAY SURPRISE YOU.
Aged shelf corporations are
used for convenience, to assume a corporate history and to develop a
perceived stability of the business operation. Therefore, as long as
the corporation is clean of liabilities, it really doesn't matter where
the aged shelf corporation was initially filed. It can always be
continued in a state like Wyoming or domiciled in another state. In terms of the
purpose of the corporation, it matters. Corporations are best served
in Delaware when they are to go public with an offering. Nevada and
Wyoming are best for privacy, asset protection, confidentiality and
flexibility in management.
Wyoming is unique; in that,
the corporation can be domiciled in Wyoming as if it was there the entire
time. It's a continuance of the corporate presence. This means
a corporation in the Bahamas, New York, or anywhere else, is continued in
Wyoming as if it has always existed there.
Nevada corporations are more
popular--simply because there are more people selling them. There are
more professionals, incorporators and nominee officers selling Nevada aged
corporations. Nevada is a great place to incorporate because the
state of Nevada is so business friendly. In comparison, Wyoming is
just as business-friendly and costs less than Nevada. Wyoming has
fewer promoters of incorporation services, by nature of their state
population (500,000 people). It stands to reason that by the mere
numbers of Nevada's promoters, and their marketing skills, that there is
much more publicity about Nevada corporations. Wyoming corporations
are just as better (and cost less). Why are they better?
In Wyoming, no business
license is required.
In Nevada a business license
is required by the State of Nevada (not the Nevada Secretary of State),
which requires the owners' names, address, SSN's, and DOB's.
Wyoming annual filing fees are
$50 per year. In Nevada, filing fees are $225 per year.
Wyoming's corporate code was
written with the Constitution and property rights in mind for the small
business person. Wyoming is known for hunting, fishing, ranching
and the defense industry.
Nevada's corporate code was
written to protect the casino's, the brothels and organized crime.
Nevada is known for gambling, prostitution, slick business and fast
times. The audit rate for Nevada companies are four times higher
than any other state in the USA.
Wyoming is in the black with
no income tax.
Nevada is in the red, with no
end in sight, and there's no income tax for the moment.
Wyoming filing fees are going
to stay the same.
Nevada filing fees will go up.
READ THE UPDATE ON NEVADA
COMPANIES & THEIR INCREASING FILING FEES