Forming Entity in Wyoming?

Discussion in 'Ask An Owner Operator' started by Criminey Jade, Oct 1, 2017.

  1. Criminey Jade

    Criminey Jade Road Train Member

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    This is me kicking around ideas, but if I wanted to form an LLC to start running under my own authority, is Wyoming a good place to do it? I looked at Nevada and I see that Wyoming has a lot of similar benefits, plus cheaper annual fees and asset protection through lifetime proxy. That sounds like an easier and less spendy method than going the parent-entity-managing-entity A/entity B route. I haven't formed or filed anything, so I'm open to any sales pitch for methods and jurisdictions that you like. I'm also open to attorney/accounting suggestions.
     
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  3. Ridgeline

    Ridgeline Road Train Member

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    You can not protect your assets.

    There are several ways to pierce the vail of secrecy.
     
  4. Rackpass 85

    Rackpass 85 Light Load Member

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    Maryland is the easiest to incorporate in! I use atbs for accounting pricey but worth it ! Get accountant first let them help you that's what you paying for!
     
  5. JimmyWells

    JimmyWells Road Train Member

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    I'd recommend looking into Montana as well. If your trucks are registered under your LLC then you pay zero sales taxes on them. Avoid Maryland like the plague! They will tax you into bankruptcy.
     
    Last edited: Oct 2, 2017
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  6. Criminey Jade

    Criminey Jade Road Train Member

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    Yes. Taxes are a big consideration right now. Thank you. I'll check into Montana as well.
     
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  7. 77fib77

    77fib77 Road Train Member

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    You go rural insurance for the truck will be cheaper
     
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