Wyoming Secretary of State's Business Division

The Division has the responsibility of filing a variety of documents including registration of business entities, issuance of trademarks and trade names, filing of liens under the Uniform Commercial Code (UCC), filing of notices under the Central Filing of Agricultural Products Act and other statutorily required filings. From this site you can search and access filed information for business entities, lien notices, forms, fees and frequently asked questions. The Secretary of State's Office provides 24-hour access to online filing of annual reports and UCC financing statements.

Click here to go!

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Wyoming - Office of the Governor Press Releases

Here you will find the latest information on public appearances, speeches, announcements and other new items. Please contact the governor's press secretary, Leigh Anne Manlove, for additional information and scheduling interviews.

CLICK HERE TO GO!

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Wyoming - The Facts on Wyoming's Tax Climate

Here are some basic facts on Wyoming's tax system and how it compares to other states:

Tax Freedom Day Arrives on April 11 in Wyoming
Tax Freedom Day is the day when Americans finally have earned enough money to pay off their total tax bill for the year. In 2010,

Wyoming taxpayers work until April 11 to pay their total tax bill, ranking it 16th highest in the nation. This is 2 days after the

national Tax Freedom Day (April 9). The Tax Freedom Days of neighboring states are: Montana, April 5 (ranked 33rd nationally); South

Dakota, March 29 (ranked 47th nationally); Nebraska, April 7 (ranked 27th nationally); Colorado, April 10 (ranked 17th nationally);

Utah, April 11 (ranked 15th nationally); and Idaho, April 8 (ranked 22nd nationally).


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Should I form a Wyoming LLC?

A Wyoming LLC satisfies a necessary condition of your business planning developement in that it meets the requirement that you establish a legal form of organization in order to gain the statutory benefits and protection available in Wyoming to your LLC. Your Wyoming LLC establishes a legal presence within the state, which you can use either as a platform for in-state operations or by registering your Wyoming LLC via your agent's physical address in order to meet the purely statutory requirement for tax and filing purposes absent an in state operation.

LLC Advantages specific to Wyoming:

* No State Income Taxes


* No information collected to be shared with IRS


* Privacy allowed


* Shareholders are not listed with the state


* Nominee officers are legal


* Citizenship not required


* State tax not being considered


* Wyoming draws little attention


* Lower Startup Costs

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Wyoming is a good place to incorporate.

In fact, when you think 'limited liability company' you should take

off your hat, pause a while and thank Wyoming. That is because in

1977, Wyoming became the first state to pass legislation authorizing

the creation of a special kind of Wyoming Corporation: The limited

liability company.

This was the first LLC legislation in the entire country. It was not

until 1982 that a further state authorized the LLC, and it took a

further six years, until 1988 to be precise, for the IRS to issue a

ruling that Wyoming LLCs would be taxed as partnerships instead of as

corporations. This ruling encouraged other states to enact similar

statutes, and in less than a decade after the ruling, all states had

followed suit. Wyoming can be very innovative, all things considered.

The state adopted the Wyoming Corporation Act providing a unique set

of rules for people wanting to incorporate in this state. It may yet

be another far-reaching initiative. Although the statute may not be

quite as jealously protective of identities and assets as Nevada, it

definitely is as willing to promote business. So, what does the

Wyoming Corporation have to offer?

Corporate finance officers will always want to hear this: The state

does not impose state income tax on Wyoming-corporations. In addition

to not charging corporate income taxes, it does not levy any

franchise taxes or taxes on corporate shares. When you are organizing

your Wyoming Corporation, your Articles of Incorporation may provide

for an unlimited number of stocks. You do not have to state a par

value though. Once the annual fee for maintaining your Wyoming

Corporation falls due, it will be calculated based on the number of

shares of no par value. For fees on assets, the annual fees are

calculated on the value of corporate assets located within the state

only, and will not include any assets located outside Wyoming.

In terms of governance, the law does not require that a board of

directors be established for Wyoming Corporations with less than

fifty shareholders; in fact, Wyoming Corporations with very few

shareholders are not required to conduct meetings, keep minutes of

shareholders' meetings or maintain any of the documentation and

paperwork you would normally associate with the operations of a board

of directors.

You may wonder if the state provides effective asset protection to

Wyoming corporations. You don't have to submit any stockholder lists

and you don't have to issue any share certificates. Corporations are

never required to disclose the names of shareholders on any share

certificates. Wyoming corporations don't allow bearer shares though.

The law allows nominee shareholders to represent the real owner. This

affords the true or beneficial owner a measure of privacy. Some

investors may still prefer the bulletproof anonymity offered by

bearer shares instead of a nominee structure.

There are instances where the state courts may allow the corporate

veil of Wyoming corporations to be pierced and may hold the officers

and/or shareholders to be personally liable. Generally, the

commingling of, or failure to segregate, company funds and other

assets, as well as fraud and failure to provide adequate

capitalization to the corporation, will initiate such action.

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Enjoy anonymity and privacy in Wyoming

The more information about you that appears in the public record, the easier it is for you to become a target. Wyoming has no requirement for the names of shareholders to be filed with the state. It asks only for a simple "Annual Report" which requires disclosure of only those assets located within the state of Wyoming and the name of one person, usually the one who submits the report.


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Small Business and Self-Employed Tax Center - from IRS.GOV

A-Z Index for Business:
Find it Fast! Know what you're looking for and want to find it fast? Select business topics using our A-Z listing, or by business type such as sole proprietor, corporation, etc. We also provide links to major business subjects, such as Business Expenses, which provides a gateway to all related information on that subject.

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Wyoming corporation or LLC offers...

A Wyoming corporation or LLC offers its officers and directors the highest degree of protection from lawsuits filed by disgruntled creditors or over zealous plaintiff attorneys. Doing business as a Wyoming Corporation can give you asset protection and business privacy. There is much information on this web site which outlines the benefits of using various types of structures. The first LLC statutes in the United States were instituted in Wyoming in 1977 and changed in 2010 to stay current with the times.

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Liability Protection

An affordable and very effective method to shield your assets from attack is to transfer your rental property to a Limited Liability Company (LLC). Holding title to investment property through an LLC limits the liabilities of the business to only those assets held within the LLC. In the same way as shareholders of a corporation are shielded from liability, a properly formed LLC will guard its owners from lawsuit liability, including liability from acts of its employees and agents.

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Registered Agents Wyoming:

Every Wyoming corporation must have a registered agent in Wyoming -- the person designated to receive official state correspondence and notice if the corporation is "served" with a lawsuit. The name and address of the registered agent must be listed in the articles of incorporation. In addition, the articles must be accompanied by a written consent to appointment manually signed by the registered agent.

Change of registered office or registered agent:

A corporation may change its registered office or registered agent by delivering to the secretary of state for filing a statement of change that sets forth:

* The name of the corporation;
* The street address of its current registered office;
* If the current registered office is to be changed, the street address of the new registered office;
* The name of its current registered agent;
* If the current registered agent is to be changed, the name of the new registered agent and the new agent's written consent to the appointment executed by the registered agent, either on the statement or attached to it; and
* That after the change or changes are made, the street addresses of its registered office and the business office of its registered agent will be identical.

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Can Company Restructuring Save You?

When a business is struggling and repeatedly failing to give good profits, or even to break even, then it is time to do something drastic to try and make a change before you have to bow out of the market for good. It is clear that something needs to be done to change the way your business works and get the money coming in, so you have the funds to improve yourself.

One such way of going about a change is to try company restructuring, which moves the hierarchy of a company and makes sure that it is working in the cleanest and most efficient way possible. Wages eat up a lot of money each month, and have to be taken out of any more earned before you get to use it for anything productive. Thus, you need to make sure that your staffing is good. Do not take on too many people. It is hard having to let people go, but sometimes job cuts are necessary to make the most of a company, and when you are doing well you may be able to rehire people.

Look at the levels of jobs that you have. There will be management, middle management and then the more basic manual staff. Or at least that should be how it looks. There should be one or two high staff, a few more in the middle and then more again at the bottom, so everyone has someone to report to. Consolidate your businesses into these layers, and make sure that there are not too many on any level. Get people to use their skills wisely and maybe even rotate jobs on the same level to keep things fresh for employees. Good communication with their higher staff and being able to work towards targeted goals should keep people well motivated and doing the best to make your company the profit it deserves one day.

Restructuring means making sure that all job roles are suitable, necessary and beneficial to the company. Change the places that your money goes and building a good, hard working workforce (with training opportunities) will give you the opportunity to make your company efficient and means that you know no money is being wasted on staffing costs and suchlike, when it is better spent elsewhere, such as for marketing your business and bringing in clients to bring in more money, which can then be rerouted back into staff that may be needed to deal with this if you find that is the case.

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Basic Incorporation Services

Basic Incorporation Services -

For a nominal fee we will prepare and file your Articles with the Secretary of State. Included are the following: 1st year Registered Agent Service ($100), Incorporation Service fee ($125), Secretary of State filing fee ($100), Corporate Bylaws or LLC Operating Agreement Draft, and EIN Instructions.
$325

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The state of Wyoming does not levy a personal or corporate income tax.

Wyoming does not impose a tax on intangible assets such as bank accounts, stocks, or bonds, either. In addition, Wyoming does not assess any tax on retirement income earned and received from another state. Further, there is no legislative plan to implement any of these types of taxes. This is from the Wyoming Department of Revenue. Click here to visit their website.

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SBA Fees, Covered

SBA Fees, Covered

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Five Questions to Ask When You're Thinking of Starting a Business

With hundreds of thousands being laid off during this current recession many are starting their own business. Individuals are often attracted by the thought of more flexible working hours and financial independence.

But when they embark upon their new business venture, especially after sometimes spending many thousands of dollars, they are hugely disappointed with the return on their investment. Also people often have an unrealistic view of what running a business entails.

While setting up and running your own business can certainly be a great idea, even in this economic downturn, one has to tread carefully. People often choose a business that they have feel they have an affinity to and this can certainly have its advantages.

For example, some choose to go into the restaurant business because they enjoy good food and eating at great restaurants. However, being a guest at a restaurant and being a restaurant owner are very different.

Another mistake that people make is that they choose a business where essentially they're exchanging their time for money without any hope of ever being able to automate their business or at least elements of it. Hence, the time freedom which many dream of is not achievable. While starting any business will require a considerable investment of time to get the business off the ground, you should have a strategy whereby you can step away from the business and still have income coming in.

So here are five questions to consider when you're thinking of starting a business.

1. Is the business a good fit for you?

Do your due diligence and thoroughly research any business opportunity. Make sure that it is a good fit for you. Talk to other business owners working in the same industry to get a realistic idea of just what is involved in running the type of business you're considering.

2. How will it change your lifestyle?

Running a business will undoubtedly have an impact on not only your lifestyle but also that of your family and initially that impact may not be entirely positive. Ensure that you have the support and understanding of family members before you start out. This will help to ease the way forward later.

However, as your business becomes more established you'll expect your lifestyle to improve. So put in place clear indicators to let you know whether or not you're on target and adjust your strategy accordingly if not.

3. How much money will you have to invest?

Whatever your monetary investment you need to know how long it will take you to breakeven and how long it will take you to start making a profit. You especially need to know these figures if your initial investment is a large one. It's one thing to start a business with a couple of hundred dollars and quite another when you're investing many thousands of dollars.

4. Do the figures, etc. presented really add up?

Research any figures that are presented to you and, where possible, verify case studies that are presented to you. Unfortunately, it's all too easy to produce fake case studies, testimonials and even sales figures. Also remember that when case studies are presented it is usually the best case studies that are highlighted.

While the fact that one person achieves great success with a particular business model is proof that, given the same opportunity, someone else can achieve a comparable level of success the fact remains that many people don't. You certainly want to have high expectations of any business you embark upon but you also want to have realistic expectations so do your due diligence.

5. What additional training will you have to do?

If you're going into business for yourself you'll need to undertake training. In some cases the training will be a pre-requisite of the business you're going into. For instance, if you decide to buy a franchise then you'll have to undergo the training that company offers. However, there are so many new developments in the world of business that you have to keep your skills up-to-date.

So conduct a skills audit to determine what training you need and then seek out the necessary training. There's lots of training available and it can also be easy to get distracted so remember that it's important not only to learn new skills but to put them into action as well.


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Growing Your Business: If You Build It, Will They Come?

Each year when NFL Season approaches, many teams will examine future prospects in an attempt to add value and talent to their organizations. The days of a first-round-draft pick getting four years to learn their position is an extinct luxury. Any player drafted this year will have to exceed expectations this year or their selection will be considered a bust.

There is a striking parallel of the NFL yearly draft and predicting the best time to expand your business. If you're overly conservative in your expansion strategy then you will miss the opportunities to add needed revenue to your bottom-line. If you expand too quickly, then you run the risk over strangling your existing entity.

Peter Cennamo of the Alternative Funding Group says knowing the perfect time to expend your business can be very difficult to predict. Many of times new business owners jump at the opportunity to expend in an attempt to increase their bottom line only to find that they have over extended their resources.

There is such a thing as counterproductive growth. Counterproductive growth ties to the theory that just because you have the ability to do it, doesn't always mean that you should. I am sure you have heard countless stories of business that competed in a race to dominate market share only to find that they are now floating long term debt.

When it comes to deciding if you should expand your business I would like you to consider two simple facts as you compile your strategy.

1. Have you placed enough money in your escrow in order to deal with all of the contingencies?
2. Is your decision to expand a based on a need or a want?

I am reminded of the executive decision of the late Al Copland who built a fried chicken empire called Popeye's Fried Chicken and Biscuits. At the time of his decision to buy Church's Fried Chicken Al Copland had position himself comfortably as one of the more dominate franchises in the country.

The opportunity presented itself to buy the then struggling Church's Fried Chicken Franchise and this proved to be disastrous for Popeye's. Despite the fact that Popeye's was financially feasible at the time of the acquisition, the Church's Fried Chicken brand on the other hand was drowning in debt.

This decision to buy Church's was the key factor in Al Copland filing for Bankruptcy and losing his majority ownership of both franchises in Bankruptcy Court.

In the example of Al Copland's decision we can clearly see how expansion out of want leads to the destruction of a more financially stable enterprise. There is nothing wrong with slow steady growth. Success in the early stages of your development can lead to a sense of bravado that can also lead to overly aggressive business decisions.

Please keep in mind that conservative is the way especially in these uncertain economic times. I ask that you apply what I call the 3N3 rule to all of your business decisions. The 3N3 rule will help your determine if your decision to expand is based on need, or want. Please allow yourself either three months or three years to determine if the direction that you're contemplating is in the best of your business.

At the completion of the 3N3 rule, ask yourself if the decision is still in the best interest of your company. What you will discover at the conclusion of this principal is that time has a way of magnifying or revealing elements that could affect the outcome of your future decision to expand.

The ultimate goal is to operate a profitable business no matter the size of the entity. Your plan for expansion should include a sales projection that will add revenue to your bottom line only moments after the ribbon cutting ceremony. If not, then you have just selected a first round bust.

About the Author: Tom Mckenzie - This article is part of a series of articles called "Growing your Business". Please contact us if you would like to receive the rest of the articles in the series. http://www.bromotcapital.com

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Small Business Admin Wyoming - Helpful Information

Worth looking at:

Small Business Administration Wyoming: Click here!

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Obama Urges Increase To Clean Energy Tax Credits

Obama Urges Increase To Clean Energy Tax Credits

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Audit Triggers: The Biggest Red Flags to Watch Out For

All in the family. When employing a spouse, child or close relative, be careful not to give them any extra-special treatment. Make sure the responsibilities of their job description are commensurate with their age and experience. Pay them the same salary you'd pay anyone else doing the same job.

In the money. An excessively high income compared to previous years can stand out and trigger an audit. And high-income taxpayers are more likely to be audited since they're more likely to be involved in complex transactions and have partnerships, trusts or businesses.

Consistency is key. The IRS will notice if your federal return is disproportionate to your state return, so be careful to ensure they're consistent.

Stay on the up and up. People who've filed frivolous lawsuits in the past are most likely always going to be audited. Considering not filing your taxes at all? Here's something that may cause you to re-think your decision: People who haven't filed their federal taxes can be picked up for fraud, hit with a felony and do jail time. Even if you don't have the funds to pay off everything you owe, Brown strongly suggests filing anyway--it's better to file and not pay all you owe than wait until you have all the funds and risk getting hit with penalties or worse.

Know your preparer. More and more, the IRS is using a software program to check up on tax-return preparers. If they notice a high error rate, they'll not only audit the return-preparer, but they'll also audit that person's clients as well. So do your homework before choosing a preparer. And if you ever have any doubt as to whether they're guiding you in the right direction, seek an outside opinion before proceeding.

Protect yourself. If you are selected for an audit, Brown recommends standing up to the IRS by getting representation. As a former IRS insider, Brown says that these days, the IRS is "a bit out of control--they aren't enforcing the tax law with professionalism."

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Recommended Reading: Wyoming Secretary of State's Business Division:

Recommended Reading: Wyoming Secretary of State's Business Division:

Click here for the link.

Welcome to the Wyoming Secretary of State's Business Division. The Division has the responsibility of filing a variety of documents including registration of business entities, issuance of trademarks and trade names, filing of liens under the Uniform Commercial Code (UCC), filing of notices under the Central Filing of Agricultural Products Act and other statutorily required filings. From this site you can search and access filed information for business entities, lien notices, forms, fees and frequently asked questions. The Secretary of State's Office provides 24-hour access to online filing of annual reports and UCC financing statements.

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What is a "Non Profit" Organization?

A Non Profit organization (NPO) is a business entity where making a profit is not a primary mission. Typically, Non Profits are engaged in charitable, educational, religious, or artistic activities of public or private interest. Since Non Profit organizations cannot distribute profit to their directors, officers, or members (those who participate in the management of the Non Profit) any income generated by the Non Profit must ultimately go back into the organization. However, Non Profits can hire and pay staff to carry out operational and administrative functions.

If you choose to incorporate your Non Profit as a 501(c) corporation, you can choose from 26 types – 501(c)(1) to 501(c)(26). Section 501(c)(3) is the most common federal tax exemption for Non Profits, which exempts the Non Profit from taxes on income directly related to the organization’s mission. Therefore, many Non Profits are often referred to as 501(c)(3) corporations. Refer to IRS.gov to learn more about other types of 501(c) incorporation.

Forming a Non Profit 501(c)(3) Corporation

Incorporation for Non Profits is very similar to creating a regular corporation, but with the extra steps of applying for tax-exempt status with the IRS and your state tax department. Becoming a Non Profit corporation requires some paperwork, but for many groups the benefits of Non Profit status outweigh the complications.

Here are the steps you must take to incorporate your Non Profit:

Choose a Business Name. Your business name (1) must be different from an existing corporation registered in your state’s office and (2) must indicate that it is a corporation by ending with the words: “corporation,” “incorporated,” “limited,” or a variation of those designations.

File your Incorporation Paperwork. You must next file formal paperwork, or articles of incorporation, and pay a small filing fee to your state. These "articles" contain basic structural information, such as the Non Profit name, its registered agent and office address, and membership structure, if any. You can find information about filing articles of incorporation by state on Business.gov’s Business Incorporation page. You can also look up your state office through the National Association of State Charity Officials* (NASCO).

Create Corporate Bylaws. Corporate bylaws outline the rules of operation for your Non Profit corporation, which includes procedures like holding meetings and electing directors. Tax regulations and other state laws are often covered in the bylaws to ensure that the Non Profit is running legally.

Appoint Directors and Hold a Board Meeting. Depending on your state, your Non Profit must appoint at least 1 or sometimes even 3 directors to make major decisions in the corporation. Some states require that you appoint directors before filing your articles of incorporation. Afterward the appointment, directors formally adopt the bylaws and elect officers at the board meeting.

Obtain Licenses and Permits. You must obtain relevant business licenses and permits like any other business. Regulations vary by industry, state and locality. Use the Licensing & Permits tool on Business.gov to find a listing of federal, state and local permits, licenses, and registrations you'll need to run a business.

Start Fundraising. Now that your NPO is officially established you'll need to pay attention to its bread and butter - fundraising. State offices of the National Association of State Charity Officials* (NASCO) provide local fundraising regulations. While individual donors amount to the largest contributors to Non Profits, federal, state and local governments offer grants, loans and programs to fund NPO projects. Learn more about funding opportunities for your Non Profit on USA.gov.

Hiring Employees. If you are hiring employees, read more about federal and state regulations for employers.

Taxes. Most businesses will need to register with the IRS and state and local revenue agencies, and obtain a tax ID number or permit. WE CAN HELP!

Non Profit organizations are not automatically exempt from federal and state taxes. Therefore, Non Profit organizations seeking tax-exemption must formally apply for federal recognition and in many cases state recognition. Before you apply, make sure that your Non Profit organization satisfies the following requirements from the IRS.

Eligible Non Profits can file for federal and state tax exemptions once their articles of incorporation are registered with the state. The instructions below outline the application process for Section 501(c)(3) status, the most common federal and state tax exemption for Non Profits:

Apply for Non Profit Federal Tax Exemptions. Submit an application to the IRS for your federal Non Profit status as a 501(c)(3) organization. You must file a Form 8718, User Fee for Exempt Organization Determination Letter Request and Form 1023, Application for Recognition of Exemption with the IRS. It's best to file within 27 months after the date of your incorporation. Learn more about the application process and other requirements and responsibilities of 501(c)(3) Tax-Exempt Organizations from the IRS.

This information is meant to aide you in your business and tax needs. Contact us today! For more information, contact Elite Bookkeeping & Tax Services at (800) 416-3820 or (775) 884-6188 Address: 123 West Nye Lane, Suite 103, Carson City, NV 89706. Visit our website at www.elitebookkeeping.biz

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Guidance for the Self-Employed and Sole Proprietors

There are two basic tax concepts new business owners need to add to their vocabulary: business expenses and capital expenses.

Business expenses are the cost of conducting a trade or business. These expenses are common costs of doing business, and are usually tax deductible if your business is for profit. For example, costs of renting a storefront, business travel, and paying employees are all deductible business expenses.

Capital expenses are the costs of purchasing specific assets, such as property or equipment, that usually have a life of a year or more and increase the quality and quantity of products and services. For example, if you own a landscaping business and you purchase mowers and excavating equipment, these costs are capital expenses and do not qualify as deductible business expenses. However, you can recover the money you spent on capital expenses through depreciation, amortization, or depletion. These recovery methods allow you to deduct part of your cost each year. In this way, you are able to recover your capital expenses over time.

READ ENTIRE ARTICLE BY Business.Gov - In association with the IRS

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Business Council Gets New Board Member

CASPER, Wyo. (AP) ― A businessman from Gillette has taken a seat on the Wyoming Business Council's Board of Directors.

READ REMAINDER OF STORY HERE

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US Small Business Relief Bill Stalls

Legislation which would extend tax breaks available for small business in the US will now not be considered until September after Congress failed to agree on a number of new amendments before the summer recess.

The Small Business Jobs Act of 2010 was introduced in Congress in June, but was first delayed as lawmakers rushed to complete the Wall Street regulation bill and then stalled as Democrats and Republicans argued over a number of amendments added by both sides.

The main thrust of the bill is towards the creation of a new lending facility to assist small firms trying to obtain credit from banks, many of which remain reluctant to lend to small businesses and start-up companies. However, the bill also contains a number of important tax breaks, measures which attracted broad Congressional support.

The legislation seeks to encourage investment in small businesses by allowing investors to exclude the gains from the sale of certain small business stock from their income for tax purposes if the stock is held for more than five years. The bill would also reduce the tax burden for small businesses by allowing them to carry back general business tax credits to offset their tax burdens from the previous five years. Additionally, small businesses would be able to count the general business credits against the Alternative Minimum Tax.

Another section of the bill would permit taxpayers to write off more of the cost of purchases for their business, such as equipment and machinery, in the year the purchase is made, and increase the types of purchases that would qualify for special expensing to include some types of real property, such as leasehold, retail and restaurant improvements.

Other proposals offered in the bill would double the amount of start-up expenditures that may be deducted by someone starting a small business, and allow self-employed individuals to deduct health insurance costs for tax purposes.

In his recent weekly radio address, President Obama accused Republicans of "holding America’s small businesses hostage to politics" by refusing to allow a vote on the bill.

"It’s a bill that includes provision after provision authored by both Democrats and Republicans," he said. "But... the Republican leaders in the Senate once again used parliamentary procedures to block it. Understand, a majority of Senators support the plan. It’s just that the Republican leaders in the Senate won’t even allow it to come up for a vote."

Senate Republican leader Mitch McConnell, however, countered that if anyone is to blame for holding up the bill, it is the Democrats.

“Our friends on the other side have outdone themselves," he stated. "We first got on this bill in late June, and since then, Democrats have set it aside six separate times to move to something else. So from the beginning this bill clearly wasn’t a priority to them."

With unemployment stubbornly high across the US, debate on the legislation, which Democrats claim will create an additional 500,000 jobs, is likely to form a key battle ground in the run up to the mid-term elections, and President Obama would be keen to put his signature on the bill before the November vote.

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Understanding Features vs. Solutions

It is two elements that will always, separate the successful entrepreneurs from those who struggle. Successful entrepreneurs know the difference between features and solutions. The second is that they features and take action only on solutions.

So what is the difference between features and solutions? A feature is an important part or characteristic of something. A solution is simply an answer to a problem. In most cases it will be a prominent part or characteristic of something that can solve the problem. Put simply, it is a feature that will provide a solution.

When a person makes a purchase or takes an action based on a feature that doesn't solve a pre-existing problem for them, they are wasting resources because they are solving problems that do not exist. The most important aspect of a feature providing a solution is that the solution must be to an existing problem.

I have OCD. I am the most organized person I know. When I was an entrepreneur just starting out, I was the most organized business owner I knew. There were two main reasons for this. The first was that I spent all of my time organizing everything. The second was that because I spent all of my time organizing, and no time gathering clients, I never actually did any real work that would mess up my perfectly organized system. My problem was not disorganization. My problem was a lack of clients. Being organized was a feature and a waste of my effort at that point. I should have put my energy into solving the problem of not having any clients. After that, once I was generating an income, I could solve the problem of disorganization if and when it came up.

Successful entrepreneurs have a specific goal and solve problems on their way toward completing that goal. Anything that doesn't move them toward their specific goal is a waste of time and money.

Most people suffer from consumerism. The "new features" seemed very appealing on TV so now they feel compelled to spend money. They are spending money to solve problems that they do not have. Money is a limited resource and the more they spend solving problems they don't have, the less they have to spend on solving problems they do have.

Some of us suffer from analysis paralysis. This is the difference between overloading yourself with information and actually getting to action. One of the greatest tools for research and the greatest cause of never actually starting projects in our time is the internet. You can find information quickly and easily. The problem is that there is so much information that some people never take action as they think they need to read and digest everything. Successful entrepreneurs read just enough to start taking action and then solve problems as they occur. They know that a person can only win the game by actually playing the game (taking action). They know that the game is not won by knowing every feature but by knowing how to find any solution.

Managers know that employees are suckers for features. An employee will inquire about getting a raise (a solution for not having enough money) and what will the manger do? The manager will give them a new title. The employee will walk into the office a "supervisor" and walk out a "regional supervisor" with the same pay, a slightly increased workload, and a promise that his next "promotion" will include a pay raise. The employee just got screwed. And what happens if the employee figures the title game out? Then he gets a parking space with his name on it. It's just another feature for the employee that doesn't solve his problem of needing more money. How much did this parking space cost the company? Zero. For the company it's a solution because it solves the company's problem of quieting the employee without any cost.

Have you ever seen an advertisement from Ferrari talking about more miles per gallon? Nope, and you never will see one. The entrepreneurs who buy Lamborghinis have money by the truckloads and don't have a problem paying for gas no matter what the cost. Fuel efficiency for the rich is a feature as it solves no problem that they have. Successful entrepreneurs tend to ignore features.

Now if you visit the office of a successful entrepreneur who actually owns a street legal space ship, you will find that all of their decisions are solution based. If you are attempting to sell something to the owner of that company, sell solutions, not features. Proposition to solve an existing problem for the company at a fair price and you will have a sale. Present him with the idea of a hot tub to be installed in the lunch room because "it would be so awesome" and expect the idea to be rejected.

This game is all about ignoring some of the comforts (features) and using your resources to solve problems that keep you from your goals. This game is about living a few years of your life like most people won't, so that you can spend the rest of your life like most people can't. And exactly how is that done? I am glad you asked. Click on the below web-link to download my free eBook and start learning now.

About the Author

Drawk Kwast is a life coach. His methods are unconventional, and he makes no apologies as he tells you how to dominate the competition at work.

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Senate Clears Way for $30 Billion Small Business Fund

Washington is poised to launch its most direct attempt to revive small business lending since the financial crisis with a plan to invest up to $30 billion of federal money in small banks and give them incentives to re-lend that money to Main Street companies.

The Small Business Lending Fund, outlined by President Obama in his State of the Union speech six months ago, cleared a key Senate vote to end debate July 22 as two Republicans broke with their caucus to support the measure.

READ ENTIRE ARTICLE.

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Small businesses make state great place to live - By Jim Henderson

Here is an older article from the Wyoming Business Report I thought I'd share with you. Here is the beginning of the article.....What makes a neighborhood, a community, a city and a state vibrant, alive and a great place to live? What gives a place that special flavor that makes it unique and a good place to work and raise a family? In large part, local small businesses give a community its character, its sense of growth and its optimism.

This is especially true in Wyoming. The most recent data shows just how important small business is to Wyoming families. Here, small business continues to create new jobs.

READ THE REST OF THE ARTICLE HERE.

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Obama Promotes Plan for Small Business, Raises Money

Read story here.

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Check Out The Small Business Administration District Office of Wyoming - Events Calendar

Here is a calendar of events as provided by the Wyoming SBA District Office.

CLICK HERE TO VIEW

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Sam's Club Getting into Small Biz Lending: Good?

Jul 26, 2010 -

Is your business seeking capital? If so, a Sam's Club membership could open up access to it. The warehouse shopping centers, a division of Wal-Mart Stores Inc., recently announced plans to test a small-business loan program in partnership with Superior Financial Group LLC. Sam’s Club members who qualify for loans will be eligible to borrow from $5,000 to $25,000 from Superior Financial.

READ FULL ARTICLE

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Wyoming Business Council - Resources

During the past four years, the Wyoming Business Council Support Services group has provided consulting and training to many firms in Wyoming in the areas of human resources and general business consulting. The Business Council Human Resources office can help businesses with the following: human resources, compensation for both hourly and salary employees: incentive plans and gain sharing programs; benefits; implementation and effectiveness; performance management; human resources policy development; recruitment; reducing employee turnover and increasing employee retention; and general business to include cultural change and helping firms improve employee accountability. Visit site.

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Wyoming threatens to sell prime Grand Teton land

By MEAD GRUVER
The Associated Press

MOOSE, Wyo. — For sale: Two square miles of Grand Teton National Park.

Majestic views of the Teton Range.

Prime location for luxury resort, home development.
Pristine habitat for moose, elk, wolves, grizzlies.
Price: $125 million. Call: Gov. Dave Freudenthal.

Wyoming is trying to force the Interior Department to trade land, minerals or mineral royalties for 1,366 acres it owns within the majestic park. If the foot-dragging feds don't agree to a deal — soon — Freudenthal threatens to put a "for sale" sign on the property.

Wyoming has owned the land since statehood in 1890, when the federal government set aside land in new Western states to be mined, logged or leased to raise money for public education. Wyoming kept its so-called "school sections" after Grand Teton National Park was established in 1950.

READ ENTIRE ARTICLE

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Wyoming's eGovernment Business Site

Learn about the business industry in Wyoming. This is an excellent state for families to call home. Businesses thrive here because Wyoming is a great place to work and a great place to live. Wyoming is open for business!

GO!

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Wyoming Secretary of State - Search for Entity Registration Dates

Search for any entity registered in the State of Wyoming by its registered Filing ID or Name by clicking HERE.

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Privacy Protection Wyoming

Stockholders are the owners of any corporation and their names are not public. Directors and Officers can be one person and can be you or someone other than yourself. Rather than operating all of your businesses out of your home state where all of the information may be public, you may consider setting up a separate business in Wyoming so that you don't have "all of your eggs in one basket". Or simply use a Wyoming entity as your primary business location.

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Family Limited Liability Companies Info

Click here for the article: http://www.mitzman.com/fllc.htm

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How to Remain Hopeful During Economic Crisis | eHow.com

Here's a great article about remaining hopeful during tough economic times....click here.

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How a Corporation is Like a Person

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How to Make a Business Plan

There is a general idea about how to make a business plan, which is why the appearance of business plans remain the same for all times. However, whether a business plan is acceptable or not depends on the inclusion or not of certain ingredients necessary for its success.

Since one of the purposes of your business plan is fund raising and because your business plan will be reviewed by those you seek fund from, it is better to stay with a conventional format and the normal decision making components of a good business plan, if not your reviewers may see no reason to go ahead with the review.

Write Your Executive Summary Section Properly

The executive summary section of your business plan is like the preamble or synopsis of your business plan, which is why it should be well written. If the attention of your audience is not grabbed the reading of your business plan may be aborted. Write your summary with very powerful words that simply make clear what you are leading to in a short and very easy to understand language.

If your executive summary is impressive you are surely getting the reviewers on the side of your presentation by impressing them with points that show that your business will make profit.

A clearly written summary will most probably get the reviewers approval. A well written analysis of the potentials of your target market, the amount of capital you are looking for to take advantage of the market, expected proceeds from sales projections and your repayment plan therefrom are all the hallmarks of an excellent executive summary.

Introduce Your Business

Here is where you give more details about your company: The registered name, business premises address and more description of the nature of your business. Your reviewers are not going to rack their brains to understand you, so write simple and easy to understand statements of facts that need no thinking to understand. There is no point to speak a language your reviewers will not understand, if your company is technical, use ordinarily words that your reviewers will understand..

Clearly Analyze Your Market

This is where your reviewers will quickly appraise your knowledge of the market and business for which you are looking for funds. If you have done your homework, your analysis of the market will glow before them like a sun in splendor. Here you are just adding more shine to what you said at the executive summary. It is your marketing plan that you present here.

Funding, Your Source Of Expected Income And Your Financial Contribution

This is where you talk about company policy, strategies for beating competition using well researched market information etc. Also, you have to include your own monetary contribution in this section.

In closing, you showcase your management team - depending on your type of business, this is about your organizational structure. If you company is a limited one, the resumes of your key members of staff should be included for your reviewers to see.

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Is LLC the best choice for your Business?

http://www.microsoft.com/business/en-us/resources/ArticleReader/website/default.aspx?ArticleId=IsLLCthebestentityforyourbusiness#IsLLCthebestentityforyourbusiness

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What is Corporate Restructuring?

Corporate restructuring is a term used to denote a company's reorganization at the highest corporate level. This can also include legal status, ownership, operational, and financial restructuring to improve profitability and provide better organisation for the present and/or prepared for market changes. Often, preparation for the future is referred to as repositioning. Other reasons for restructuring include change of ownership or ownership structure, merger, acquisition, or divestiture.

Generally, however, corporate restructuring has come to mean reorganisation prompted by a period of unsatisfactory performance and declining profits caused by poor management, sudden market changes, or most recently world financial crisis. Debtors or equity holders (partners/shareholders) may force it. If under debt pressure (insolvency is a potential choice) restructuring usually then includes restructuring of debt as well as corporate reorganization.

Corporate restructuring is usually a long, drawn out process with probably the majority of the time involved with planning rather than actually implementing the restructuring decisions. Most importantly, restructuring a company is an often-difficult operation requiring a no nonsense approach and a willingness to face financial realities and prioritize difficult decisions.

Potential remedies include closure of facilities to reduce overhead, consolidation to eliminate duplicate administrative functions and personnel, divestment of under performing divisions, outsourcing costly services to reduce expenditures associated with in-house employees. Finally, one of management's most painful and difficult tasks, lay-offs are often essential for improving the profit picture.

In fact, in order to approach restructuring with dispassion a turnaround specialist is hired to help with restructuring or a new CEO to identify and make the difficult decisions required.

Alternatively, the first "outsourcing" decision is to bring in company experienced in restructuring as advisors and even decision makers. In any case, the fact is that the objectivity and a fresh point of view of an outsider are often essential. Companies specializing in restructuring offer skilled specialists able to evaluate the issues, both financial and operational, that adversely affect performance and formulate comprehensive plans and assist in there execution to address your businesses challenges.

When choosing a restructuring company look for experience and a wide range of capabilities with in-depth skills that integrate both financial and operational restructuring. The company should analyse and develop reorganization plans and alternative, provide interim management if necessary, and assess the insolvency process as restructuring option.

When all is said and done, restructuring is simply cutting costs, fixing what is broken, and strengthening what is not.

Business Strategies and Wyoming

IT DOESN'T MATTER IF YOU ARE OPERATING UNDER A LARGE CORPORATION OR SMALL CORPORATION, a partnership or a sole proprietorship, These strategies are not new and have been used by giant Corporations, such as DuPont, Kodak and others. They will help you to build a stronger, more prosperous future no matter what the economic conditions. With a Wyoming Corporation, one person may fill all Officers' positions.

Asset Protection
No one can predict how the courts will rule when someone’s lawyer decides to go after everything you have, for whatever reason.

Judgment proof yourself, through a Wyoming Corporation. One way is to have your Wyoming Corporation make a loan to your current business with a promissory note that is due upon demand. In other words, your current business would have to pay this note upon the demand of your Wyoming Corporation.

Your Wyoming Corporation will ask for a reasonable interest rate agreed to by you (or technically, the Wyoming Corporation). It can then be compounded quarterly, monthly and the interest should and be due every month or even annually.

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Wyoming S Corporation: Advantages and Disadvantages

Hello. Happy 4th of July (yesterday!) Hope you all had a wonderful holiday! I came across this article about the advantages and disadvantages of a Wyoming S Corporation and wanted to share it with you all.

The independent life of the corporation makes possible its continuation, and the relatively undisturbed continued operation of the business regardless of incapacity or death of one or more stockholders.

Fractional ownership shares are easily accommodated in the initial offering of stock.

The purchase, sale, and gifting of stock make it possible to have changes in ownership without disturbing the corporation's ability to conduct business.

The requirement that the corporation's finances and records be separate from the finances and records of stockholders reduces the risk of unrecognized equity liquidations.

With only a few exceptions, under the Subchapter S election for taxation as a partnership the S corporation pays no income taxes and corporation income or loss is passed through direct to the stockholders.

To the extent the corporate shield is maintained and other investments and savings of the stockholders are not at risk, the personal life of stockholders is simplified.

The annual meetings of stockholders and consultations with legal counsel can provide stimulus for improved communication within the stockholder group (often a family group) and can provide more comprehensive guidance for management.

Depending on the corporation's business record and the policies and practices of prospective lenders, access to credit and the ability to secure needed resources may be improved.

Earnings representing "return on investment" (interest, rental payments, etc.) are not subject to self-employment tax as long as stockholder-employees receive adequate compensation for labor and management of the business.

Disadvantages of the S Corporation:

Lenders may require personal guarantees from corporate officers as a condition of supplying credit, thus negating the limitation of liability.

Conflicts or disagreements among the stockholders may immobilize decision making.

Restrictions on the sale of stock and/or buy-back agreements included in the bylaws may prevent minority stockholders from being able to recover the value of their investment in the corporation.

Through the processes of gifting and inheritance, stock ownership can become divided among many persons who are not active in the business and they may become a voting block that does not support needs and decisions believed desirable by managing stockholders.

Over time, corporation paid benefits for stockholder-employees may become costly and exceed the ability of the business to pay.

Employment benefits such as life insurance, health insurance, and housing costs are taxable income to stockholder employees with 2 percent or more stock ownership and to employees who are directly related to persons owning 2 percent or more of the corporation stock.

If appreciated assets are owned by the corporation and the corporation is dissolved, significant income taxes on the appreciation amount will be generated.

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More on the Supreme Court of Florida Asset Protection Ruling

Here is the actual ruling by the Supreme Court of Florida on Asset Protection. The link opens a PDF document. Click here.

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Florida Surpreme Court Eliminates Asset Protection Benefit Of Single-Member Florida LLC (And Maybe All LLCs)

Here is some interesting information - The Florida Supreme Court’s holding in the Olmstead v. Federal Trade Commission case, issued June 24, 2010, wherein the Court held that judgment creditors are not limited to the charging lien as their only tool to attack a debtor’s interest in a single member LLC. Creditors have other remedies available to them including, without limitation, levy and sale proceedings under Florida Statute 56.061. The ruling, at a minimum, denies single member LLCs the same asset protection benefits as multi member LLCs.

The court’s ruling is based on two features of Florida’s LLC statutes. First, cites Section 608.433(1) to show why a charging lien is the appropriate collection tool against a debtor who owns a membership interest in a multi-member LLC. That statute states the basic rule absent contrary provisions in the LLC operating agreement that an assignee (creditors are assignees) of a membership interest may become a member only if all other members so consent. If a judgment creditor were to levy on a multimember interest the creditor could not take over the debtor’s interest and could exercise no management powers without the consent of the non-debtor members. This provision, the court said, is irrelevant in a single-member LLC because that member’s creditor takes the full title and powers of the debtor member upon levy without the consent of anyone other than the debtor.

Second, the court said that although the LLC statute states that a creditor may apply for a charging lien against a debtor member the statute does not state that the charging lien is an exclusive remedy. Other creditor remedies, such as levy and sale under Section 56.061 or the appointment of a receiver, are not excluded by Florida’s LLC statute. The court contrast Florida’s partnership acts which expressly provide that a charging lien is the creditor’s exclusive remedy against a debtor’s partnership interest. (Of course, there is no such thing as a single-member partnership).

The Olmstead LLC case was decided 3-2. The majority opinion was about 14 pages long. Justice Lewis wrote a strong dissenting opinion which was almost 30 pages long. Justice Lewis argued that the court’s ruling that the charging lien is a non-exclusive remedy affect not just single-member LLCs but all LLCs organized in Florida regardless of the number of members. He said that, "The majority opinion now eliminates the charging order remedy for multimember LLCs under its theory of "nonexclusivity" which is a disaster for those entities."

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"Why is Wyoming the most business friendly state in America?" A quote from the Wyoming Department of Revenue.

The state of Wyoming does not levy a personal or corporate income tax. Wyoming does not impose a tax on intangible assets such as bank accounts, stocks, or bonds, either. In addition, Wyoming does not assess any tax on retirement income earned and received from another state. Further, there is no legislative plan to implement any of these types of taxes.

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Primary Advantages of S Corporations

The primary advantages S corporations have over regular corporations are tax-related. Owners of S corporations are not subjected to the double taxation all C corporations face. Profits can be passed through the owners' individual income tax, while the corporation itself is not taxed.

The main advantages corporations have over sole propriety businesses are their limited personal liability. S corporations can have this same protection but not subject themselves to corporate taxation.

Being able to easily raise funds is also another advantage corporations have over sole proprietorships. However, since a corporation is considered its own entity, the profits of a corporation are taxed, and the shareholders are taxed again for the same income. In an S corporation, shareholders directly file the income as individual income, while the corporation itself is not taxed.

Another advantage S corporations have is they can declare interest paid for S corporation stocks as an investment interest expense. S corporations are subject to similar rules as those with a sole proprietorship or partnership type of business. Since money obtained from S corporations are not considered wages, they are not subject to self-employment tax.

When starting a business, it may be undesirable to offer fringe benefits to employees, because it may not be affordable. S corporations are given favorable treatment over non-corporations due to their ability to deduct expenses such as this from their taxes. While sole proprietorships can only deduct 30% of benefits, such as medical insurance, S corporations are allowed to deduct 100% of the cost.

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Why Executive Suites and Virtual Suites Help Your Business!

As a web developer and designer, I often come across many different requests from my clients to provide slide shows, information via the web that will help showcase the main points a business has to offer. I created this virtual tour to show how an executive suite or virtual suite may benefit you in either getting started with your LLC or Corporation or in venturing out from your home office to develop a more sophisticated office presence. I hope you find this tour of Pinnacle Executive Suites useful! Here is the link: http://www.sitenoticed.com/Pinnacle-opening.html

by Site Noticed, Inc. June 25, 2010


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Significant Presence Rules - What Are They?

“Significant Presence Rules” are as follows:

The corporation must maintain a corporate business address in the state. In reference to this subject, the American Bar Association in its revision of THE MODEL BUSINESS CORPORATION ACT, Annotated, Section 202(a)(3) stated: A mailing address consisting of only a post office box is not sufficient.

The corporation must also maintain both an active telephone number and fax line in the state where it is domiciled and not in your home state. The telephone number should be listed with directory assistance and in the Wyoming phone book. An answering machine, voice mailbox, or answering service is not sufficient.

The corporation must have an EIN number as issued by the IRS identifying it as a Wyoming Corporation. If it has an identifying code from another state, the IRS will notify that state each year so that the state can collect those taxes.

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Corporation or LLC?

Corporation

The most common type of entity formed for raising capital and limiting individual liability. A Corporation may live forever, sue or be sued, borrow money and go bankrupt.
Transfer of ownership is easy and shareholders are protected from economic harm. It is taxed at the entity level at the corporate rate usually much lower the personal tax rate.

Limited Liability Company

Not a taxable entity at all, this relatively new business entity (new compared to corporations that is) has generated a substantial amount of interest due to the fact that it provides both the limited liability of a Corporation and the single level pass through taxation of a Limited Partnership. (LLC’s may have other implications and subject to self-employment tax.)

For More Information Please Email Us At: info@aaacorpservices.com



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Wyoming Corporation or LLC

A Wyoming corporation or LLC offers its officers and directors a higher degree of protection from lawsuits filed by disgruntled creditors or over zealous plaintiff attorneys. Doing business as a Wyoming Corporation or LLC can give you greater asset protection and business privacy. The first LLC statutes in the United States were instituted in Wyoming in 1977.

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Explanation of LLC - What Does LLC Mean?

Even though LLC's have been around a while, some people thinking about starting a business may still be wanting an explanation of LLC laws and the answer to the question: What does LLC mean, anyway?

An LLC is a limited liability company, which means that it provides protections to business owners and managers against personal liability. In the United States, it is one of the newest business forms that a business startup may choose (much newer than, say, corporations, partnerships, sole propietorships, etc.).

The laws surrounding LLCs were designed to provide the maximum flexibility, tax advantages, and liability protection for business owners and managers there is.

It is important to understand that, while the term LLC is an acronym that has a generic definition (limited liability company), the laws that govern LLCs vary from state to state. Therefore, what is true regarding LLCs in Michigan may not be the same in Hawaii or Missouri. In fact, there is no real uniformity among the states with respect to the organization and operation of LLCs. Therefore, if you plan on starting a business and using the LLC business form in any state, you should do research and seek an explanation of LLC laws particular to your state.

History of the LLC in the United States
The first state to adopt a limited liability company act was Wyoming, in 1977. Although the law was designed to provide special benefits to the oil and gas industry in that state, its broad language allowed other business types to take advantage of this special business format, as well. The only two industries prohibited from using the LLC format at that time were the banking and insurance industries.

Florida was the next state to follow, adopting a LLC law in 1982. It wasn't until the federal government got involved, however, and gave Wyoming one of the most important benefits of the LLC, pass through taxation, that this business entity became widespread. Now, all fifty US States have laws allowing for some type of LLC formation.

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LLC Tips - Converting a General Partnership to a Limited Liability Company

David K. Staub

You and your business partner have been running your business as general partnership for the past several years. You have been reading about limited liability companies (LLCs) and have decided that your business should really be operated as an LLC. Is it too late? Can you still convert your business from a general partnership to an LLC? Yes, you can!

Why would a business want convert to a limited liability company from a partnership? The reason that a business would want to convert from a general partnership to an LLC is to allow the partners to shield themselves personal liability for obligations of the business. Every partner in a general partnership is liability for all of the debts of the business. A member of an LLC, on the other hand is can generally only lose his contribution to the LLC, nothing more. He is not responsible for the debts of the LLC.

The limitation typically only applies to liabilities arising after the conversion. It is unlikely that a general partner will be released from personal liability to the partnership's creditors for the business's debts existing before the conversion. A member will avoid personal liability for debts incurred by the LLC but will remain personally liable for debts of the general partnership which are transferred to and assumed by the LLC in the conversion.

The procedures for converting a general partnership into an LLC differs from state to state. Originally, most state laws contained no provision allowing one type of business entity to change into an LLC. At that time, if you had a partnership, you had to first dissolve the partnership and distribute its properties and liabilities to all of the partners. At that point, the partners would contribute those assets and liabilities to a newly-formed LLC and become members in the new LLC.

Today, most states have statutory provisions that allow a partnership to be converted into an LLC in one simple step. For example, in Illinois, once the partners approve the conversion, a Statement of Conversion is filed along with Articles of Organization for the new LLC. It is as simple as that.

The conversion is also simple from a tax standpoint. In several private letter rulings the IRS has addressed the conversion of a general partnership into an LLC. The rulings have clarified that neither the partners nor the partnership recognize any gain or loss on the conversion. Also, the partnership continues to exist uninterrupted for tax purposes and, for computing capital gain if he later disposes of his LLC membership interest, the length of time that the partner owned his partnership interest carries over to his LLC interest.

An LLC is by far the most popular choice for new businesses being formed today. If you chose to start your business as a general partnership, the good news is that it is not too late to make the change!



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Tips: Incorporation Basics

Keep Personal and Corporate Matters SeparateAfter you have incorporated your business, it must remain financially and legally separate from any of its shareholders in order to preserve the benefits and protections of corporate legal status. Maintain healthy business procedures like keeping specific records and accounts, filing necessary government documents, and holding regular shareholder meetings or getting written consents or waivers from directors and shareholders.

Get Your Company Name Right the First Time
Choose your company name carefully. If you change it later, you will need to amend your Articles of Incorporation, change your domain name, obtain new listings in telephone and other directories, and purchase new stationery and business documents. Do your homework and get the name right the first time.

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PDF - Order Form

Please click on this link to order: http://www.aaacorpservices.com/po.pdf


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Business Strategies - Wyoming

IT DOESN'T MATTER IF YOU ARE OPERATING UNDER A LARGE CORPORATION OR SMALL CORPORATION, a partnership or a sole proprietorship, These strategies are not new and have been used by giant Corporations, such as DuPont, Kodak and others. They will help you to build a stronger, more prosperous future no matter what the economic conditions. With a Wyoming Corporation one person may fill all Officers' positions.

Asset Protection

No one can predict how the courts will rule when someone’s lawyer decides to go after everything you have, for whatever reason.

Judgment proof yourself, through a Wyoming Corporation. One way is to have your Wyoming Corporation make a loan to your current business with a promissory note that is due upon demand. In other words, your current business would have to pay this note upon the demand of your Wyoming Corporation.

Your Wyoming Corporation will ask for a reasonable interest rate agreed to by you (or technically, the Wyoming Corporation). It can then be compounded quarterly, monthly and the interest should and be due every month or even annually.

The promissory note should be signed and executed by your home state business, reflecting the address of the office of your Wyoming Corporation. It should be worded correctly so that the note is under the laws of Wyoming. UCC-1 filings and Deeds of Trust should be in place long before any future or unforeseen lawsuit is brought against you or the corporation.

How does this make you judgment proof? Because of the debt owed by your current business, and the foresight you had to make an UCC-1 filing in the applicable counties, the Wyoming Corporation has the first lien on all of your current business' assets. Now when a legal adversary wins a judgment that closes down shop, your Wyoming Corporation takes possession of the assets it has legal right to.

Tax Reduction- The state of Wyoming does not levy a personal or corporate income tax

The Wyoming Corporation supplies services to the Home State Business, charging a fee. By charging a fee for services to your home state business you will be reducing your profits and minimizing your tax liability in your home state.

This service can be any function you may wish your Wyoming Corporation to offer, such as marketing, business consulting, funding company, purchasing, etc.

Make sure that the Wyoming Corporation is supplying a legitimate service for your Home State Business. That the Wyoming Corporation is billing for this service and that the Home State Business is paying for the service. It is the paper trail that will provide you with the proof that a service was indeed rendered and the Wyoming Corporation is compensated for its services.

The Wyoming Corporation should have a business license in Wyoming and have a Wyoming bank account, to handle the funds it is being paid for the services rendered. It should also maintain a Wyoming Address and Telephone (that's where our Wyoming Office Package comes into the picture). The person performing the work does not have to be in Wyoming, but they must be performing the task for and paid by the Wyoming Corporation for those services.

Privacy Protection

Stockholders are the owners of any corporation and their names are not public. Directors and Officers can be one person and can be you or someone other than yourself. Rather than operating all of your businesses out of your home state where all of the information may be public, you may consider setting up a separate business in Wyoming so that you don't have "all of your eggs in one basket". Or simply use a Wyoming entity as your primary business location.

The key to these strategies is not to wait until you are in court to handle the situation.

It may be years before you are sued. The further off that it is the more solid your protection will be. If you have waited and the suit is upon you, give us a call and we may be able to help, but the time to do something to protect yourself is now, not in the courtroom.

CORPORATION OR LLC?

Corporation

The most common type of entity formed for raising capital and limiting individual liability. A Corporation may live forever, sue or be sued, borrow money and go bankrupt.
Transfer of ownership is easy and shareholders are protected from economic harm. It is taxed at the entity level at the corporate rate usually much lower the personal tax rate.

Limited Liability Company

Not a taxable entity at all, this relatively new business entity (new compared to corporations that is) has generated a substantial amount of interest due to the fact that it provides both the limited liability of a Corporation and the single level pass through taxation of a Limited Partnership. (LLC’s may have other implications and subject to self-employment tax.)

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For more information, visit our website at http://www.aaacorpservices.com/Toll Free: (800) 891-5987Outside the US: (307) 635-8700Fax number:(307) 635-1300

Wyoming Secretary of State

There is an abundant amount of information waiting for you. We find the FAQs section of the Wyoming Secretary of State office very useful.


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Toll Free: (800) 891-5987
Outside the US: (307) 635-8700
Fax number:(307) 635-1300

Why incorporate in Wyoming?

We believe Wyoming is the most business friendly state in America. The Secretary of State's office will complete most filings within 5 business days making it fast and easy. With all these advantages why go anywhere else?

Consider these other benefits
Low Filing Fees.
Low Annual Fees.
One Person can fill all corporate positions.
Stockholders names are private information.
You can move your Corporation or LLC to Wyoming.
Wyoming is the home of the Limited Liability Company where members remain anonymous.
Less Red Tape! Bureaucracy, restrictions and corporate formalities are at an absolute minimum. Wyoming makes incorporating quick and easy.

AAA Corporate Services, Inc. is located in the heart of historic downtown Cheyenne just blocks away from Wyoming's State Capitol.

We hand carry all documents to and from our office to the Secretary of State's office each business day providing you with the fastest service possible.

For more information, visit our website at http://www.aaacorpservices.com or contact us at:
Toll Free: (800) 891-5987
Outside the US: (307) 635-8700
Fax number:(307) 635-1300


When in Cheyenne we look forward to meeting you. Our address is:

AAA Corporate Services, Inc.
1620 Central Avenue, Suite 202
Cheyenne, WY 82001