Wyoming: The Incorporation Underdog or Why You Should Choose Wyoming Over Other States

Wyoming is one of the best places to establish a company, and this is proven by the fact that a very high percentage of the companies dealing on Wall Street are registered in Wyoming. More and more people choose to incorporate in Wyoming because of the friendly conditions offered by that state.

Why Wyoming?

Few people know that little fact, but it was Wyoming that invented the American LLC in 1977, as it was modeled after the 1892 German company law known as Gesellschaft mit beschrnkter Haftung (GmbH).  Nevada and Delaware copied Wyoming’s LLC and profited from it most through better marketing.

Wyoming is one of the best places to establish a company, and this is proven by the fact that a very high percentage of the companies dealing on Wall Street are registered in Wyoming.

The popularity of Wyoming as a “corporate heaven” in enhanced by the very liberal Corporation Law which enables companies to be established quickly with the broadest possible powers permitted under the law. There are little or no restrictions on any consequent business activities. More and more people choose to incorporate in Wyoming because of the friendly conditions offered by that state.

Advantages of Incorporating in Wyoming

Here are some advantages of incorporating or forming LLC in Wyoming:

Wyoming is one of the three states commonly recognized as “corporate heavens”, the other two being Delaware and Nevada. Before making your choice please see our article that runs a comparison Delaware vs. Nevada. vs. Wyoming.

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