Wyoming Business Virtual Incorporation – Beginner Entrepreneur Guide Released

The firm, winner of the Cheyenne Best Business Development Service award in 2019 and 2020, has published a new guide explaining the advantages and disadvantages of different types of incorporation, from C corporations, and limited liability companies and trusts to close corporations and nonprofits.

More information can be found at https://wyomingezcorp.com

Wyoming EZ Corp., a family-owned business, has now published a report to help individuals better understand the benefits of different corporate structures and their alignment with the clients’ goals. For example, the company believes that close corporations, which do not exceed a defined number of shareholders, are the best vehicles for small and medium-sized businesses.

Almost 4.5 million businesses were created in the U.S. in 2020. At the time, this was a historic high, and close to a 35% increase from the previous year. However, the trend has not abated. While full-year data is not yet available, the first three quarters of 2021 set a new record in business formations. It is believed that much of this activity in new business creations has been triggered by the pandemic, which has helped create a new generation of entrepreneurs.

Wyoming EZ Corp.’s report stresses that, while all business structures afford effective liability protections, they differ largely in how profits are taxed. A Wyoming LLC provides no tax savings for people living in a state that allows for personal income taxes, as all income is reported on 1040 forms. On the other hand, this provision does not apply to regular corporations or close corporations.

The firm, which has created thousands of companies over the two-plus decades since it was established, offers same-day online filing and the support of office staff with whom clients can engage directly over the phone. Additional services include the setting up of a virtual business address for the company, a corporate record book with stock certificates, a virtual telephone number with call-forwarding, bank account setup, and the popular nominee service for ensuring a client’s privacy.

One client commented: “Always an easy transaction with Wyoming EZ Corp. I have used them for several years now after moving my corporation from Nevada to Wyoming to save money on annual fees. Highly recommended.”

More details can be found at https://wyomingezcorp.com

Wyoming EZ Corp & LLC Services
Wyoming EZ Corp & LLC Services
2232 Dell Range Blvd.
Suite 245
United States

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Ahmedabad Local journalist was involved in the writing and production of this article.