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Using Wyoming Corporations Using Wyoming Corporations

Wyoming Corporations offer a unique spin on personal asset protection utilizing domestic business structures for privacy and lawsuit prevention.

Asset protection privacy - Wyoming has the only corporations in the US that can have a name identical to a person's.

For example, you can name your corporation "John Smith" or George Jones" and need not have the corporate identifier, e.g. "Inc." or "Corporation" at the end of the name.

This allows a person to deposit and cash checks written to them. For example, if someone is being sued and has their personal checking account subpoenead by the suing party, the checks deposited in the company account may remain private, whereas personal account details can be divulged.

You own 49.999% of the shares in the corporation and issue the rest to a trusted friend or family member for maximum protection and privacy. For example: if someone else besides Randy owns / controls the company that account - the account for Randy Jones, the company, can be protected from subpoena against Randy Jones the person. All other states require a corporate identifier next to the entity name, e.g. "Corp", "Inc", etc. Wyoming has opened new doors to financial protection and privacy without this requirement.


Thursday, May 13, 2010 in Asset ProtectionDomestic Asset Protection  |  Permalink |  Comments (0)
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