LLCs are organized under an Operating Agreement, a contract between members specifying how it will be run and how costs and profits will be split between them.
Delaware LLCs offer exceptional flexibility, but can be complicated and costly to maintain. However, by incorporating a limited liability company in Delaware, you can enjoy many significant benefits.
Wyoming favors smaller and privately controlled companies. Low cost, manageability, flexibility, and a focus on small business are extremely desirable.
Corporations are structured on the idea that control and ownership can be separate. Owners are called shareholders and they may or may not be involved in the day-to-day operations of the company. Ownership of the business is tracked by shares, with each share corresponding to a defined portion of control of the business and entitlement to profits.
Incorporating in Delaware is the gold standard for startups looking to attract outside investment from angels and venture capitalists. A majority of Fortune 500 companies are incorporated in Delaware.
Wyoming tends to favor smaller and privately controlled companies. Low cost, manageability, flexibility, and focus on small business are features of Wyoming incorporation.
USA Company Formation
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Our services include incorporation, government registrations & filings, accounting, documentation and annual compliances. In addition, we offer a wide range of services to individuals, such as property agreements and tax filings.