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Wyoming is now preferred

Nevada on July 1st of this year increased corporate renewal fees from $325 to $650 (it was $75 a few years ago), why allow this taxation, when you can retain the same benefits for far less? Here are your options to reduce these fees, you may convert your corporation to Wyoming and pay $50 per year or convert your corporation to an LLC in Nevada and pay the $325 annually plus conversion cost which is expensive or convert (which is a continuous filing) to Wyoming and pay $50 a year for annual renewal, the initial cost of a continuous filing is $525 (includes all cost in Nevada and Wyoming including RA). There may be expedite fees if your in a hurry. Please read on see Why Wyoming if you are doing business exclusively in Nevada you probably will need to continue with your Nevada entity in Nevada.

We can give you what you need Business/Address $ Bank Account Address
S Corporations, probably a mistake! see S yes or no !

Inc Legal Services offers a unique combination of professional services including filing Corporations, Partnerships, LLC's, and Trusts; with services such as Setting up Business Bank Accounts and Office Identity (virtual) and providing Director or Trustee Services, our financial consulting services include accounting, organization and contractual preparation. Inc Legal Services are designed to meet the needs of clients from all over the globe. Inc Legal Services has enjoyed success providing our clients with specialized planning for asset protection and privacy by assisting our clients with management consulting in the income tax-free state of Wyoming/Nevada. We can answer your questions: Why incorporate in Nevada or should I use Wyoming? What are the reasons for choosing an LLC or a corporation? No (reasonable) question goes unanswered. Wyoming also offers charging order protection to Corporations.
Charging Order by Inc Legal Services
Main Advantages of Incorporating in Wyoming and preferred to Nevada

For small and medium size businesses, Nevada was the preferred jurisdiction in which to incorporate. Incorporating in    Wyoming gives access to a series of fiscal and legal benefits. Asset protection and tax exposure reduction are the two    primary reasons that people choose to incorporating domicile is critical. Domicile means "primary resident", not to be confused with "registered agent". When converting to Wyoming you may retain your Nevada address (see Office Presence) as well as EIN and banking.

Tax Advantages

The first main consideration when deciding whether to incorporate in Wyoming/Nevada is the effect on tax exposure. Wyoming and Nevada offer corporations outstanding fiscal advantages. Wyoming/Nevada do not have a business income tax, corporate shares taxes, state corporate tax, franchise tax, or inheritance tax. However, Nevada now has a state business license which is like a tax with penalties. Furthermore, these entities do not have to file state tax returns and shareholder information is held private.

Asset Privacy

One advantage of Wyoming/Nevada corporations provide owners with beneficial and unparalleled asset privacy.  reporting and disclosure obligations are lighter than in any other states.

In Wyoming and Nevada the shareholders of a standard corporation may consist of any number of individuals of any nationality, and/or any number of Corporations. Shareholders' identities are protected in Nevada. Any individual or Manager, as a Director or Officer in a Wyoming/Nevada Corporation, is protected from personal liability for acts committed on behalf of the Corporation, by the Corporation.

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