We form Special Purpose LLCs in the state of Wyoming. After significant research and due diligence, we’ve done this for a few reasons:
- Authority: Wyoming invented the LLC structure in 1977 and was the first state in the country to offer the Limited Liability Company
- Efficiency: Initial filing and annual report can be done quickly online which means less ongoing work for you
- Anonymity and Privacy: Wyoming does not require listing a member or manager on the Articles of Organization: This gives you greater privacy.
- Cost Effective: Low up front and ongoing fees
Note: A Wyoming LLC may hold assets in any state. For example, you might live in Pennsylvania, have a Wyoming Special Purpose LLC with a Texas bank account, which owns rental property in Colorado.There is no additional reporting or state tax return for having a Wyoming LLC.
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