Corporation, Wyoming LLC & Wyoming Virtual Office
WYOMING LLC & THE CHARGING ORDER PROTECTION
WYOMING VS. NEVADA CORPORATIONS
WYOMING SHELF CORPORATIONS
WYOMING VIRTUAL OFFICE
WYOMING REGISTERED AGENT
109 East 17th Street, #25,
Cheyenne WY 82001
Wyoming LLC Tip #1:
are three conditions that the LLC must meet to secure the charging
order protection against hostile creditors.
Wyoming corporations: Use that mail forwarding address
effectively. Use the attorney-client privilege, if possible.
Wyoming LLC tip#3:
Manager-managed LLC is best, and preferred over the member-managed
LLC. Ask us why.
as a foreign corporation in your home state if sales are not
approved in Wyoming.
Use a Wyoming mail forwarding
address for the corporation for increased privacy.
Wyoming LLC tip#6:
LLC must be taxed as a partnership, the LLC must be manager-managed
and there must be at least two members in the LLC...to possess a
real charging order protection.
Wyoming LLC tip #7:
Wyoming LLC and the Nevada LLC are known for their limited
liability, excellent charging order protection, and flexibility in
BUSINESS-FRIENDLY STATES & STRONG
DANGEROUS U.S. STATES
& WEAK LLC's
WYOMING invented the American LLC in 1977, as it was modeled
after the German Gesellschaft mit beschrnkter Haftung (GmbH).
Nevada and Delaware copied Wyoming's LLC and profited from it
most through better marketing.
ALASKA LLCs are good, since Alaska is anti-creditor all the
LLCs are strong alternatives to the weak California LLC. IRAs
are protected. Otherwise, creditors have the advantage in
are well drafted and based on strong LLC legislation.
domestic captive insurance company formations.
IOWA is good for
debtors! Unlimited homestead exemption, protection of certain
life insurance, IRAs and disability proceeds are exempt. KANSAS
& IOWA are very much alike. Iowa LLCs are okay.
corporations and Nevada LLCs are outstanding in terms of
flexibility, private control and business environment. It's
known as a haven for debtors.
SOUTH DAKOTA has
an excellent homestead exemption, as does Texas and Florida.
TEXAS looks out
for the debtor. Limited Partnerships are exceptionally strong
in Texas and they're better than in any other state. They have
generous exemptions for life insurance, annuities, and the
homestead. Except for child support, wages can't be garnished.
Don't mess with Texas if you're facing a debtor with an interest
in a Limited Partnership.
excellent laws for Limited Partnerships and Limited Liability
ALABAMA: Alabama may be beautiful,
but it's awful if you're a defendant in a lawsuit. They are
known for their high jury awards.
CALIFORNIA LLCs: California
overtaxes and overbears their citizens and strips away any
possible defense from litigation. California attracts
administrative losers who feel important by making life
difficult for the small business through excessive regulations
and punitive measures. Since January 1, 2004, California LLCs
have no charging order protection. THAT MEANS NO PROTECTION
WITH A CALIFORNIA LLC! The California court can liquidate your
member interest and hand it over to the hostile creditor. DON'T
USE CALIFORNIA LLCs!
They are defective at best.
is pro-creditor, all the way. They changed the fraudulent
transfer regulations to favor the creditor.
is creditor friendly due to their lack of a homestead exemption
and anti-debtor decisions on the transfer of assets. They are
more likely to consider the transfer fraudulent, if timing is
is very friendly towards creditors by limiting the protection to
debtors. If you live in New York, get a planner who knows what
VIRGINIA & WEST VIRGINIA looks out for the creditor.
LLC? WHICH ONE?
THE LLC DISTRIBUTION TO THE HOSTILE CREDITOR
DELAWARE LLC V. WYOMING LLC
WYOMING 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.
For the LLC charging order
protection, the LLC must meet three conditions:
1. The LLC is
2. The LLC is taxed as a
3. The LLC has at least
The LLC charging order
protection allows you to set up the hostile creditor to be liable for
income not yet received. This places you in an advantageous position
for a favorable settlement. A hostile creditor doesn't want to be
liable for an income tax when the income hasn't yet been received.
To combine the LLC charging
order protection with the financial privacy of a corporation, the
following strategies can be utilized:
1. A C corporation can
serve as a Manager of the LLC
2. A C Corporation can
serve as a member of the LLC.