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Wyoming Business Law Questions & Answers
0 Answers | Asked in Business Law for Wyoming on
Q: Hoping to open escape room in the town of Pinedale, Sublette County, WY What are the laws governing locked rooms/walls?

We know there are laws in in Sweetwater County that don't allow for the rooms to be fully enclosed (the walls don't reach the ceiling), and in other states, the door can never be actually 'locked' (considered entrapment). We are trying to find the laws for Sublette county... Read more »

0 Answers | Asked in Consumer Law, Business Law and Internet Law for Wyoming on
Q: Is it legal for a store website to claim a product will be gone in 15min just to push you to buy?

I can tell it’s a trick because after not buying the product asap the timer would hit 0:00 and then go back to 15:00. So obviously the product wasn’t about to be unavailable. But it does irk me that they seem to be allowed to do that to people? Sometimes people really cling to something and it... Read more »

1 Answer | Asked in Tax Law, Business Formation and Business Law for Wyoming on
Q: Should I establish as a LLC or S-Corp in Wyoming? What's the best tax-saving path?

I currently reside in California and am planning on establishing my consulting agency. It will just be me and planning to hire independent contractors.

D. Mathew Blackburn
D. Mathew Blackburn
answered on Dec 29, 2019

You should setup an LLC in the state where you operate. Then determine if an S-election is appropriate for your LLC.

If you establish in WY you'll have to file a foreign registration in CA.

Hire a professional.

1 Answer | Asked in Business Formation, Business Law and Tax Law for Wyoming on
Q: What is the effective difference between a C-Corp and an LLC taxed as a C-Corp?

I am from the UK and looking to setup a US business. I've decided that taxation as a C-Corp is best as I am looking to build capital and retain profits in the company so a pass-through entity is not ideal. I understand that as a C-Corp, things are more formal and decisions require minuted... Read more »

D. Mathew Blackburn
D. Mathew Blackburn
answered on Aug 19, 2019

For tax there is no difference. For state business compliance issues a Corporation has slightly more things that have to be done to maintain the corporate veil. Annual meetings are required where an LLC can waive them you have to set a par value for shares and report the number of shares issued... Read more »

1 Answer | Asked in Contracts and Business Law for Wyoming on
Q: In the state of Wyoming what are the consequences for failure to return rented personal property
Bruce Alexander Minnick
Bruce Alexander Minnick
answered on Apr 25, 2019

Depending on the value of the personal property you rented, and the terms of your rental agreement, you may see a collection attempt followed by a lawsuit, or worse.

1 Answer | Asked in Consumer Law, Business Law and Wrongful Death for Wyoming on
Q: Do I have to sign a waiver with the shop request?
Peter N. Munsing
Peter N. Munsing
answered on Jun 1, 2017

If the shop requires it then your only option is to look for another shop.

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