Wyoming Ocr Fra
Wyoming Ocr Fra
Wyoming Ocr Fra
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Why You
It Doesn’t Always Happen to the ‘Other Guy’
Need Asset You’ve read the stories in the papers. Runaway juries awarding outlandish settlements in lawsuits
that never should hâve corne to trial. Businesses wiped out, homes and belongings sold, heirs left
Protection with nothing. If it happened to them; it could happen to you.
Right Now Without a Legal Financial Protection Strategy, Everything You’ve Worked for
Could Be Gone in a Flash
People are always talking about this being a “litigious society.” But hâve you realized the only
ones affected are people like you - with something to lose? Consider this:
“Nine out of ten ■ Nine out of ten lawsuits in the world are filed in the United States.
lawsuits in the ■ A new lawsuit is filed every thirty seconds.
world are filed ■ If you practice a profession or are a business owner, the probability that you will be named the défendant in
a lawsuit in the next year is incredibly high: one in three. That’s right, you hâve a 33 percent chance of being
in the United
sued in the next 12 months.
States”
There has been no tort reform, nor is there likely to be any in the near future. And it is estimated that there are
more law school students right now than there are actual practicing attorneys.
It’s not just lawsuits. Any of a staggering number of events could leave you financially wiped out, and even
in debt:
■ Huge fines for violating state or fédéral law because of the actions of an employée
■ Catastrophic medical bills
■ Claims from creditors should your business fail
■ A négligence or injury claim—whether justified or not—that exceeds any insurance coverage you may hâve
■ Breach of contract through no fault of your own
■ A professional malpractice suit
■ Lawsuits from disgruntled business partners or employées
■ Divorce
Even with a will, most of your estate could go to the government, not to your heirs.
However, because a corporation has a life of its own, a carefully designed asset protection corporate strategy
can allow you to care for your loved ones free from probate and other legal and tax problems.
Why You Should
Incorporate Today You Achieve Maximum Liability Protection
A corporation is an artifïcial “person" under the law. That means it is completely
separate from the people who own and operate it. This is a major advantage of a
Even If You Don’t corporation over an individual or sole proprietorship—where the owner bears full
and complété financial responsibility for his actions. Because it is an independent
Hâve a Business entity, a corporation^ debts and taxes are separate from those of its owners,
officers, and directors. Therefore a corporation provides an individual—whether
you are in business or practicing a profession, salaried or on commission—with the
greatest personal liability protection.
“Remember, ifs
You Gain Complété Privacy
not how much
There is a reason why almost ail successful people choose to incorporate It permits them to manage their assets
you make that anonymously. Their private corporate lives are never made public. In Wyoming a corporation can be set up so
counts, ifs how that, while you own and control your corporation, your identity and ownership can remain private. Some
individuals choose to hâve separate companies for their larger assets such as a home, brokerage account, rental
much you keep
property, boat, or recreational vehicle.
that matters”
You May Lower Taxes and Increase Profits
Your corporation can maximize profits by taking advantage of the tax laws. A corporation can write off as
expenses most purchases of goods, vehicles, and services used in the normal operations of the business. By
organizing your activities so that much of the profit goes to a corporation in state-tax-free Wyoming, you can
dramatically increase your net income. You pay the government less—and take home more! Legally!
Remember, it’s not how much you make that counts—it’s how much you keep that matters.
You Add Financial Flexibility
A corporate structure allows you to place different projects under separate corporations. You retain complété
control of ail projects. But if one of them runs into trouble, it won’t suck the profits away from your other,
more successful, projects. Without incorporation, your profitable projects would hâve to pay the debts of any
unsuccessful ventures, and you could be personally liable!
You Protect Estate Benefits for Your Heirs
Because a corporation^ existence is perpétuai, your corporation can outlive you. By using estate-planning
strategies that are possible with Wyoming close corporations, you may be able to pass your estate to your heirs
without going through probate. This can save both legal costs and inheritance taxes.
Types of Companies
“C” Type-the standard corporation. It is taxed as a corporation
before distributing profits.
Subchapter “S”-by filing 1RS form 2553, tax liability is passed
directly to the owner.
Limited Liability Company - combines the limited liability of a
corporation and the tax advantages of a partnership.
Non profit Corporation-for activities approved by the 1RS that
are done not for profit.
...
Look at the
Operate Tax Free
Unique Advantages Business-friendly Wyoming is tax heaven for companies and individuals:
■ No corporate income tax ■ No stamp tax
Only a Wyoming ■ No personal state, city, or county income taxes ■ No gift tax
“On application by a judgment creditor of a member or transférée, a court may enter a charging order against
the transférable interest of the judgment debtor for the unsatisfied amount of the judgment. A charging order
requires the limited liability company to pay over to the person to which the charging order was issued any
distribution that would otherwise be paid to the judgment debtor.”
“This section provides the exclusive remedy by which a person seeking to enforce a judgment against a judg
ment debtor, including any judgment debtor who may be the sole member, dissociated member or transférée,
may, in the capacity of the judgment creditor, satisfy the judgment from the judgment debtor’s transférable
interest or from the assets of the limited liability company. Other remedies, including foreclosure on the judg
ment debtor’s limited liability interest and a court order for directions, accounts and inquiries that the judg
ment debtor might hâve made are not available to the judgment creditor attempting to satisfy a judgment out
of the judgment debtor’s interest in the limited liability company and may not be ordered by the court”
“It is estimated Spend Thrift Trusts
that there are Wyoming has 1,000 year trusts that are mirrored after Dynasty Trusts. We wrap them with 3 LLC's and help
you create the best Asset Protection Trust in the nation. We do not know of any other state that has such a
more law school completely bullet proof way of helping you protect your assets.
students right The main points of the trust are:
now than there a) It is private. It is not an entity filed with the state but it is an internai agreement done by an attorney
so there is no public record of it, except with the 1RS, as it must hâve its own tax id number. Also the
are actual
members and managers of the LLC’s associated with the Trust do not hâve to be listed on the public
practicing record with the state of Wyoming.
attorneys/' b) It gives great asset protection. It is a separate entity from its creator, managed by a Trustée not the creator.
As such the assets inside of the trust cannot be taken out of it to satisfy an obligation of the creator of
the trust.
c) Allows for using a Private Trust Company as Trustée. The Trustée must be either a person that lives in
Wyoming or a Private Trust Company (which can be an Wyoming LLC), approved by the Wyoming
banking commission. This LLC must also hâve an office presence inside the state of Wyoming. This
Private Trust LLC's sole purpose is being the Trustée to this one trust. The Trust can pay this LLC for
Trustée services.
d) Getting more money out and control. The Trustée can be advised by an Investment Advisor (which can
be an LLC). The creator can be the manager of this LLC and also a member of it. The Trust can pay this
LLC for investment advice. This allows for money to be removed from the trust and also gives the creator
total say in what the trust is allowed to do, as by law the Trustée must do what the Advisor says.
e) Flexibility and control. The Trust beneficiary can be an LLC. This LLC can be managed by the creator,
but the creator cannot be a member of it. The members can be changed, giving the creator flexibility over
who gets the assets of the trust, if say there was something that changed with one of the original members
of the Beneficiary LLC.
Easy to Move
Wyoming has made it easy to move your existing corporation to Wyoming.
Your existing corporation can retain its original incorporation date after becoming a Wyoming corporation.
Anyone examining the Wyoming public record will see a corporation dating back as far as your current
corporation does. You can promptly become a Wyoming corporation without losing the many benefits of
your firm's longevity and continuity of operation.
Aged Shelf Corporations and LLC’s
We hâve aged entities in several other States. These are companies that we formed and put on the shelf.
They corne with Certificates Of Good Standing from the state, Certified Articles of Incorporation from the
state, the corporate kit which includes 20 pre-printed stock certificates, corporate seal, suggested meetings
minutes and one year of Registered Agent Services. Ail state fees are paid through the renewal date of the
company.
Link to Aged Shelf: http://www.wyomingcompany.com/aged-corporation/ 2
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Why Use
Wyoming Check Out These Wyoming Corporate Services Advantages:
■ Quality service focused on providing you with the best asset protection package available today
Corporate ■ You receive everything you need to operate your Wyoming corporation
Services ■ High level of expérience and credibility
■ A long list of satisfied clients
■ Affordable rates
“In overall ■ Complété privacy if you desire it
expérience
This is What You Will Receive:
Wyoming 1. One full year of agent and registered office service for your corporation
Corporate 2. Ail state filing fees paid
3. Your corporate record book, which will include the following:
Services, Inc.
• A deluxe leather three-ring binder customized with the name of your corporation
ranks as one • The original certified articles of incorporation file-stamped by the Wyoming Secretary of State
of the topfirms • Wyoming ccrtificatc of incorporation and good standing
in the field” • An official corporate charter imprinted with the Wyoming corporate seal
• Engraved corporate hand-press seal with pouch
• A complété set of corporate bylaws defining the operation of your corporation, its officers, directors,
and shareholders
• Minutes of your first board of directors meeting and shareholders meeting to activate your incorporation
• Twenty (20) of the highest quality pre-printed share certificates prepared and issued in accordance with
your spécifie instructions
• A stock transfer ledger allowing you to record the shareholders of your corporation
• General instructions dcscribing the purpose of cach of the corporate documents
• A CD containing hundreds of commonly used corporate resolutions
Wyoming
Corporate Services Inc,