Forming a Wyoming LLC to Own California LLCs
The Wyoming LLC can hold several California LLCs. You will pay $800 per year for each California LLC entity.
Advantages of Wyoming LLC Formation
- Wyoming is often regarded as the best state to form an LLC.
- No personal income tax, corporate income tax, and a 4% sales tax.
- No residency requirement to form a Wyoming LLC.
Protecting Assets with a Wyoming LLC
- To obtain protections offered by Wyoming, create an LLC there to own your California LLCs.
Operating Business with A Wyoming LLC
- A foreign Wyoming business entity can qualify/register to transact business in California.
Can a Wyoming LLC Operate in Another State?
Yes, a Wyoming LLC can operate in another state.
Tax Considerations for Wyoming LLC
- Amount of tax an LLC pays in Wyoming depends on where the business is carried out, residency status of members, and type of generated income.
Starting an LLC in Wyoming
How to Start an LLC:
- Choose a Name for Your LLC.
- Appoint a Registered Agent.
- File Articles of Organization.