What is an LLC?
A limited liability company (LLC) is a structure that separates companies and their owners. It prevents individuals from being liable for the company’s financial losses, debts, and other liabilities. In the event of legal action or business failure, liability is assumed by the company rather than its constituent partners or shareholders.
Why a Wyoming. LLC?
A Wyoming Limited Liability Companies have the best asset protection laws, low fees, no taxes and allow for anonymous ownership. Online stores, real estate investors, and holding companies are just some industries which see benefits from forming LLCs in Wyoming.
What is Close LLC?
The Close LLC is designed with small businesses in mind. The Wyoming LLC Act allows close companies to sidestep onerous formalities while otherwise keeping the benefits of a Wyoming LLC. Generally, the designation is for single-member LLCs and for when members are close to one another, i.e. family and close friends.