Why You Should Form Your DAO LLC in Wyoming?
When you form your DAO LLC in Wyoming, the State of Wyoming provides protection to the owners of the DAO LLC. This is the number one reason why you should form your DAO LLC here. The owners will not be held responsible in the case of lawsuits.
Privacy! Information on residents or their business is not kept and stored in Wyoming. No information will also be shared with the IRS as there is nothing to really share.
When you form your DAO LLC in Wyoming, ownership can be issued for capital, personal property, real estate, services, leases, or options. Managers or directors determine how much is issued and their decisions are often final. You can always visit our About page to learn more about our company and services.
Would you like more reasons to form your DAO LLC in Wyoming?
- Wyoming Has No Franchise Tax
- Wyoming Has No State Business License
- Wyoming Has No Personal Income Tax
- Wyoming Has No Inheritance or Gift Tax
- Wyoming Has No Unitary Tax
- Wyoming Has No Estate Tax
- Wyoming Has No Corporate Income Tax.
- Corporate Shares are not taxed
- Corporations in Wyoming may purchase, hold, sell, or transfer shares of their own stock.
- Nominal Annual Fees
- Competitive Sales and Property Tax Rates
- Minimal Employer Payroll Tax - 0.7% of gross wages with deductions for employer-paid health insurance
What if my business is situated in another State?
When you form your DAO LLC in Wyoming, even though you may have operations in another state, your business will still be protected under the laws of Wyoming. In case of lawsuits, the accuser will have to bring the case to the courts of Wyoming. These additional expenses often result in the death of many lawsuits midway before they actually even reach Wyoming. In short, Wyoming is the most pro-business state, and incorporating your business in Wyoming is always worth the effort and the money! Visit our CONTACT page if you have any questions.
Asset Protection
In case of a lawsuit, when you form your DAO LLC in Wyoming, the owners of a DAO LLC will not be defendants or held liable. In addition, there are currently over 1,600 lawyers, all ready to represent your business if need be.
In most cases, if a business starts to prosper, lawsuits always follow as with what happened with McDonald’s when that woman spilled coffee on herself just to win a settlement. This is something that could well put you out of business if it happens frequently.
A lawyer usually looks for sizeable assets before taking up a case. In other states, if there are no assets that can be seized, people would then come after their own assets. In Wyoming, if you chose to form your DAO LLC here, and the case is connected to your DAO LLC, an accuser is prohibited from touching your own personal assets which is a huge plus.
And if you choose to form a DAO LLC in Wyoming, if someone is to place a charging order against your company, it won’t cost you a thing as they will be responsible during that period for paying all expenses including taxes.
Want to form a DAO LLC in Wyoming? Get help from experienced business experts!