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DOMESTICATE
A NEVADA CORPORATION TO
WYOMING?
1. Nevada
filing fees are too high, and rising.
Nevada's Annual
List of Officers is $125 + $200 for the annual business license
VS. Wyoming Annual Report $50
2. Nevada
plans an income tax. Don't believe it? See this article in
Gaming Magazine.
Why is this
happening in Nevada? In the past, the mining and casino taxes
covered the needs of the residents of Nevada. The population
explosion and economic growth has created a heavy strain on
state budgets, now in the red, for social services, education,
police, and infrastructure development.
Wyoming's population has remained level, at only 500,000
residents, for the last ten years. And the State of Wyoming is
in the black. Wyoming has no income tax. This is a plus if
you're really doing business out of Wyoming. Check with your
tax advisor to see if you must file to do business in your own
state.
3. State
business license required in Nevada is now required with the annual
list of officers.
NV State Business
License requires list of stockholders, their SSN, and % of ownership
disclosed as of June 1, 2005. Applies for all corporations and
LLC's, even if you DON'T do business in Nevada. Privacy is dead in
Nevada.
PROOF
Many incorporators in
Nevada are not talking about this requirement. Failing to file this
Nevada business license can lead to the following consequences:
- The filing fee
of $100 increases to $200
- Corporate credit
can be cancelled or difficult to obtain since the corporation is
no longer in compliance with the State of Nevada.
- The corporate
veil is weakened.
In
contrast, Wyoming doesn't require a business license and doesn't
collect stockholder data.
4. The
Secretary of State of Nevada SELLS your information to information
clearinghouses. And they sell it to the IRS through a company
called ChoicePoint. Don't believe us? Call them at
775/684-5708.
For years, Nevada has been
promoting that they don't have an information sharing agreement with
the IRS. So what? Ok. You don't share the information, you sell
it. I can see how that protects privacy.
Wyoming can't
share or sell information they don't collect.
WHAT DOES IT
COST? IS IT WORTH IT TO MOVE THE NEVADA CORPORATION TO WYOMING?
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NEVADA |
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WYOMING |
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Yearly Expenses: |
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Yearly Expenses: |
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Annual List of Officers:
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$125 |
Annual Report:
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$100 |
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Annual Business License:
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$200 |
No Business License:
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$ 0 |
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Registered Agent Fee:
Regularly |
$75 |
Our RA Fee:
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$ 75 |
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Your Virtual Office/Mail
Forwarding: |
$900 |
Our Virtual Office:
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$400 |
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SAVINGS: |
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HOW DO I DOMESTICATE MY
NEVADA CORPORATION IN WYOMING?
COMPLETE THE
ARTICLES OF DOMESTICATION
AND MAKE A COPY OF THE
DOCUMENT
1.
The
document may be executed by the Chairman of the Board, President or
another of its officers.
2. The following
documents must accompany the application:
a. A certified
copy of its original articles of incorporation and all
amendments thereto currently certified within six (6) months.
b. A
certificate of good standing not more than thirty (30) days old.
c. A written
consent to appointment manually signed by the registered agent.
What to order from
Nevada:
Copy of
Articles of Incorporation:
Costs $2 per page
(usually about 10 pages) and $30 for the certification.
Expedite fee
for the articles: $75 Nevada takes about 4 to 6 weeks to
provide these documents without the expedite procedure.
3. Obtain our Wyoming
registered agent service for $75. Call 307.237.28580
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