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  $400 NEW WYOMING LLC OR WYOMING CORPORATION

  $900 FOR AN AGED SHELF CORPORATION OR SHELF LLC, 4 YEARS OLD

  $400 WYOMING MAIL FORWARDING

 

 Wyoming Corporation, Wyoming LLC & Wyoming Virtual Office

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WYOMING LLC & THE CHARGING ORDER PROTECTION

WYOMING VS. NEVADA CORPORATIONS

WYOMING SHELF CORPORATIONS

WYOMING LEGAL SERVICES  

WYOMING VIRTUAL OFFICE

WYOMING REGISTERED AGENT

CONTACT

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PRIMERA, INC.

109 East 17th Street, #25,

Cheyenne WY 82001

(o) 307.237.2580 (fx)702.920.8824

 

Email

 

 

 

 

TIPS

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Wyoming LLC Tip #1:

There are three conditions that the LLC must meet to secure the charging order protection against hostile creditors.

Wyoming Corporation tip#2:

Wyoming corporations:  Use that mail forwarding address effectively.  Use the attorney-client privilege, if possible.

Wyoming LLC tip#3:

The Manager-managed LLC is best, and preferred over the member-managed LLC.  Ask us why.

Wyoming Corporation tip#4:

File as a foreign corporation in your home state if sales are not approved in Wyoming.

Wyoming Corporation tip#5:

Use a Wyoming mail forwarding address for the corporation for increased privacy.

Wyoming LLC tip#6:

The 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:

The Wyoming LLC and the Nevada LLC are known for their limited liability, excellent charging order protection, and flexibility in management

 

 
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BUSINESS-FRIENDLY  STATES & STRONG LLC's

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 way. 

ARIZONA LLCs are strong alternatives to the weak California LLC.  IRAs are protected.  Otherwise, creditors have the advantage in Arizona.

DELAWARE LLCs are well drafted and based on strong LLC legislation.

HAWAII offers 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.

NEVADA 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.

OKLAHOMA has excellent laws for Limited Partnerships and Limited Liability Companies.

 

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.

LOUISIANA is pro-creditor, all the way.  They changed the fraudulent transfer regulations to favor the creditor.

NEW JERSEY 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 suspect.

NEW YORK is very friendly towards creditors by limiting the protection to debtors.  If you live in New York, get a planner who knows what hes doing.

VIRGINIA & WEST VIRGINIA looks out for the creditor. 

 

 

 

ARTICLESwyoming corporation, nevada corporation, wyoming llc, nevada llc, wyoming registered agent, nominee officer, virtual office, shelf corporation, aged corporation

REAL ESTATE LLC

C CORPORATION?

S CORPORATION?

LLC?  WHICH ONE?

 

RESTRICTING THE LLC DISTRIBUTION TO THE HOSTILE CREDITOR

WYOMING BUSINESS CORPORATION ACT

DELAWARE LLC V. WYOMING LLC

LLC FACT

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FACT:  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.

LLC FACT

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For the LLC charging order protection, the LLC must meet three conditions:

1.  The LLC is manager-managed

2.  The LLC is taxed as a partnership

3.  The LLC has at least two members.

 

LLC FACT

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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.

 

LLC FACT

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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.