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Wyoming Business Law Questions & Answers
1 Answer | Asked in Business Law for Wyoming on
Q: could you tell me please which is the jurisdiction- section for Wyoming General corporation law, is for sign a board of
T. Augustus Claus
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answered on Aug 25, 2023

In Wyoming, the relevant section of law for matters related to corporations, including the signing of a board of directors' resolution, can be found in the Wyoming Business Corporation Act (W.S. 17-16). This statute outlines the various aspects of corporate governance, including the duties and... View More

1 Answer | Asked in Business Law for Wyoming on
Q: What are my legal options

Wyoming C -Corp Startup Business. Only got limited corporate filing completed. Over the brief course of our collaboration, we verbally agreement to build this business together, with the intention of formalizing our partnership through a shareholders' agreement that never happened. With... View More

Tim Akpinar
Tim Akpinar
answered on Sep 27, 2023

A Wyoming attorney could advise best, but your question remains open for two weeks. It looks like your matter also involves elements of a business formation, and there are attorneys on the forum who have insight there. You could add the category to your post. But based on your description, it seems... View 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... View 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... View 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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