Wyoming Corporation

For Wyoming Corporation prices and State fees, please visit the costs page for forming a Corporation in Wyoming.

Wyoming corporation has an advantage over other business structures through a wider variety of fringe benefit plans. Owners of a corporation are not taxed on some benefits, such as group life, medical plans and reimbursed medical expenses, not to mention stock option, retirement and employee stock plans. corporation owners can also use corporations to increase tax flexibility and lower income brackets. Please consult your financial advisor on how this may apply to you.

All corporations and business entities filed with the Wyoming state office are subject to an annual filing of a statement of information, or annual report. This generally means a small filing fee is required. Wyoming corporation directors, officers and legal addresses are sent to the state office. corporation state offices generally allow for the filing of this report online, or you can call Companies Incorporated and have your statement filed for you, for a small service fee. This will ensure that your corporation is in good standing with the state office.

The board of directors acts as a managerial body for the corporation. A corporate director is a member of this body and is generally elected by the shareholders. Each director must attend meetings of the board, which must be held no less than once a year. Directors must make sure that major corporate actions are clearly written and were taken behalf of the corporation. Directors have a fiduciary responsibility to the shareholders to keep their best interests in mind.