Wyoming LLC: Pros and Cons

In this video, Arjun, CEO of doola, discusses the pros and cons of forming a Wyoming LLC. The benefits include liability protection, pass-through taxation, strong privacy laws, and minimal fees. However, potential downsides such as incomplete anonymity, limited asset protection for out-of-state members, and additional costs for non-residents are also covered. This overview aims to help viewers make an informed decision about forming an LLC in Wyoming. Watch now to see if a Wyoming LLC is the right choice for your business!
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[@lauramacomber9936]

Great Video covers info no one else addresses.

[@doolaHQ]

Thanks 🙏

[@rondamon4408]

Good video. I assume that the federal taxes don't need to be paid if you live overseas. Right?

[@doolaHQ]

Hey, thanks.
You are still required to pay federal taxes and file the necessary tax forms, including Form 1040 and Schedule C, if you need help with this, you can book a free consultation with us here: bit.ly/3Zdckik

[@augmentos]

Wondering what a Wyominc C Corp pros and cons vs Wyoming LLC

[@doolaHQ]

Wyoming C Corps offer advantages like stock issuance flexibility and privacy protection, while Wyoming LLCs provide benefits such as pass-through taxation and asset protection. Understanding these differences can help in making an informed decision based on your business needs and goals.
We can help you understand this better, you can book a free consultation with us here: www.doola.com/free-consultation/

[@lauramacomber9936]

If you have a Fl rental property in a Fl llc and have the Wy LLC as the owner of the Fl LLC do you still owe Wy & Fl all the docs and fees mentioned?

[@doolaHQ]

While using a Wyoming LLC as the owner of a Florida LLC doesn't eliminate Florida-specific obligations, it can provide certain advantages. However, the key to successfully navigating this complex structure is to seek professional guidance. This will help ensure compliance with all legal requirements, optimize your tax strategy, and maximize the benefits of your investment while minimizing potential risks.
If you still need help with this, you can book a free consultation with us here: bit.ly/3Zdckik

[@lseh4720]

What does the state of Wyoming game other than the $60 a year from hosting non-resident LLCs? I don’t understand why states like Wyoming bother? In California, we have to give the state $800 per LLC but what does Wyoming get other than that $60? I don’t understand why they do it. please explain. Thank you for sharing your information. This is very good.

[@doolaHQ]

If you still need help, you can book a free consultation with us to learn more : www.doola.com/free-consultation/

[@Dope4life97]

Because it’s the first state that created it. Red states are for small business blue states are for high taxes & fees

[@TickTickBoom358]

If I'm the owner of a Single-Member LLC as a non-US citizen, living overseas will I be taxed as a S-Corp or as a Disregarded Entity?

[@randomraidor]

C-Corp for non-US resident are taxable

[@TickTickBoom358]

@@randomraidor But a Single-Member LLC for non-US person is taxable in the same way?

[@randomraidor]

@@TickTickBoom358 Unless you have tangible goods or assets. If only online services then no TAX (Ask your CPA)

[@randomraidor]

@@TickTickBoom358 No, unless you have tangible goods and assets in the states

[@doolaHQ]

You can book a free consultation with us to learn more here: www.doola.com/free-consultation/

[@RealSSTELLA]

00:00 Intro
1:14 PROS
8:54 CONS
14:01 FAQs

[@doolaHQ]

Thanks for this 💛

[@102naveed]

I am from Pakistan and want to register llc as medical billing company, in Wyoming . Can u pls guide me that is it good state for my type of business?

[@doolaHQ]

While Wyoming can be a good state for forming an LLC due to its business-friendly laws and tax benefits, the suitability for your specific medical billing business will depend on various factors including your target market, operational needs, and long-term business goals. Carefully consider these aspects and seek professional advice to make the best decision for your situation.
If you still need help with this, you can book a free consultation with us here: bit.ly/3Zdckik

[@SultanKhan-yf8dv]

Hey I need more information.

[@doolaHQ]

Hey, you can book a free consultation with us here: www.doola.com/free-consultation/

[@muhammadyousif930]

I have registered my LLC in Wyoming

[@doolaHQ]

Congratulations! Book a session with us if you need help: www.doola.com/free-consultation/