Opening a Company in Wyoming: LLC or Corporation

These are the preliminary steps for opening a company in Wyoming:

1. Choose the company name;
2. Choose the Incorporator and Registered Agent authorized to operate in Wyoming;
3. Have an address for the company's legal headquarters in the state.

To initiate the company opening procedure, submitting the Articles of Incorporation to the Wyoming State Department is mandatory. The Articles of Incorporation must include these minimum details:

• Company name: Also include the designation "Corp" or "Inc."
• Specify if it is a "Close Corporation", which in Wyoming is subject to specific regulations (WY Stat § 17-17) and different restrictions for share transfer.
• Name and address of the Registered Agent. Must be an address in Wyoming and the Registered Agent must be authorized to operate in Wyoming.
• Company Mailing Address: It does not necessarily have to be in Wyoming. ExportUSA provides this address.
• Legal headquarters address: Must be a street address in Wyoming. Provided by ExportUSA.
• Number of shares requested for authorization: For each class of shares ("Common" or "Preferred" for example), the number of shares to be authorized must be indicated.
• Name and address of the Incorporator in Wyoming: The incorporator is the person or entity authorized to sign the Articles of Incorporation. The incorporator can be a Director or an Officer of the company, or another person authorized to submit the Articles of Incorporation. ExportUSA takes care of providing both the Registered Agent and the incorporator.
• Email for legal document notifications: If the Registered Agent cannot be reached, the Secretary of State will send legal notices to this email address. Usually, we indicate an email address provided by ExportUSA.
• Incorporator's signature: The signature of the person preparing and submitting the Articles of Incorporation.
• Contact Person: In case of issues with the Articles of Incorporation, the Secretary of State will notify this person.
• Consent form of the Registered Agent.

Starting the company's activities in Wyoming

With the confirmation of the company's formation by the Wyoming State Department, the opening phase can be considered complete and it is necessary to proceed with the activities needed to start the company's operations in Wyoming:

• Convene the first Shareholders' Meeting to elect the Board of Directors Hold the first Board Meeting to:
  - Adopt the corporate bylaws;
  - Decide the share issuance price;
  - Proceed with the issuance of shares based on the number authorized by the Wyoming State Department [as requested in the Articles of Incorporation];
  - Update the shareholders' register;
  ​​​​​​​- Give the mandate for the EIN request [the tax number] and for opening the company's bank account;
  ​​​​​​​- Elect the company's Officers: President, Secretary, and Treasurer [possibly also one or more Vice Presidents]
• Open online accounts with the IRS linked to the company's bank account;
• Submit the administrative declaration to the state of Wyoming [the deadline for submission is the first day of the month in which the company's opening anniversary in Wyoming falls]
• Submit the federal income tax return by April 15th each year for incomes earned in the previous year. Corporations must file a tax return even if no taxable income has been earned.

Addresses and Domiciliation of companies in Wyoming

Companies formed in Wyoming with ExportUSA have a series of separate addresses that serve different purposes:

• Company's Social Headquarters Address - ExportUSA provides a physical address in Wyoming at Cheyenne [the state capital]
• Address for notifications and official communications from Wyoming state authorities - In our case, this corresponds to the address of the so-called Registered Agent's office in Wyoming [for example, 6211 N College Dr, Cheyenne, WY 82009]
• Company's operational office address - This is the address included in the company domiciliation service offered by ExportUSA and corresponds to the address of our office in Brooklyn [18 Bridge Street, 2a - Brooklyn; NY 11201] Companies domiciled with us can use this address as a contact for their clients and suppliers. The service also includes an American phone number 
• Address for the IRS [the federal American tax agency equivalent to the Italian Revenue Agency] This address also corresponds with ExportUSA's office in Brooklyn. All correspondence with the American tax authorities arrives here and is then managed as part of the domiciliation service.

Taxation in Wyoming

An LLC or a Corporation in Wyoming can be an excellent tax solution

For e-commerce activities and activities related to selling intangible goods or online services [web marketing, consulting services, etc], establishing an LLC or a Corporation in Wyoming can be an excellent choice. It's important to start an economic activity that doesn't create a nexus in other American states [and not by chance, Wyoming is home to numerous data centers].

ExportUSA can handle all aspects related to opening any company [LLC or Corporation] in Wyoming, including opening a bank account. Initially, we can analyze the type of company activity to confirm that Wyoming is indeed the best state to open your company in the United States.

Other Tax Advantages for Companies in Wyoming

In Wyoming, there are no income taxes for individuals or companies. In addition to income tax, other fiscal benefits make opening a company in Wyoming particularly advantageous:

• No taxation on capital gains from cryptocurrency trading [in other words, the buying and selling of cryptocurrencies is not subject to capital gains tax]
• The sales tax rate is 4%, among the lowest in states that impose a sales tax [the four states without sales tax are Montana, New Hampshire, and Oregon]