ASSETPROFILE GROUP, LLC

CONVERTING A NEVADA CORPORATION TO A WYOMING CORPORATION

WHY CONVERT A NEVADA CORPORATION TO A WYOMING CORPORATION?

1. Nevada filing fees are too high, and rising.

Nevada’s Annual List of Officers is $125 VS. Wyoming Annual Report $50

Fees are scheduled to increase in 2009.

2. Nevada plans an income tax. Don't believe it? See this article in Gaming Magazine.

Why is this happening in Nevada? In the past, the mining and casino taxes covered the needs of the residents of Nevada. The population explosion and economic growth has created a heavy strain on state budgets, now in the red, for social services, education, police, and infrastructure development.

3. State business license required in Nevada.

Nevada Business License requires list of stockholders, their SSN, and % of ownership disclosed as of June 1, 2005. Applies for all corporations and LLC’s, even if you DON’T do business in Nevada. Privacy is dead in Nevada. PROOF

convert nevada to wyoming corporation

Wyoming's population

Wyoming's population has remained level, at only 500,000 residents, for the last ten years. And the State of Wyoming is in the black. Wyoming has no income tax. This is a plus if you're really doing business out of Wyoming. Check with your tax advisor to see if you must file to do business in your own state.

nevada to wyoming business conversion
Many incorporators in Nevada are not talking about this requirement. Failing to file this Nevada business license can lead to the following consequences:

In contrast, Wyoming doesn’t require a business license and doesn’t collect stockholder data.

4. The Secretary of State of Nevada SELLS your information to information clearinghouses.

And they sell it to the IRS through a company called ChoicePoint. Don’t believe us? Call them at 775/684-5708. For years, Nevada has been promoting that they don’t have an information sharing agreement with the IRS. So what? Ok. You don’t share the information, you sell it. I can see how that protects privacy.

Wyoming can’t share or sell information they don’t collect.

WHAT DOES IT COST? IS IT WORTH IT TO MOVE THE NEVADA CORPORATION TO WYOMING?

NEVADA Wyoming
Yearly Expenses
Yearly Expenses
Annual List of Officers: $150
Annual Report:$50
Annual Business License:$500
No Business License:$0
Registered Agent Fee: Regularly :$100
Our RA Fee: $75
Your Virtual Office/Mail Forwarding:$900
Our Virtual Office:$200-400

TO DOMESTICATE IN WYOMING

Copy of Articles of Incorporation

Costs $2 per page (usually about 10 pages) and $30 for the certification.

Expedite fee for the articles

$75 Nevada takes about 4 to 6 weeks to provide these documents without the expedite procedure.

Dissolve Corporation

Dissolve the corporation in Nevada $75. Another $125 if you want it expedited.

company domestication in wyoming
DO YOU WANT TO DOMESTICATE OR CONTINUE THE COMPANY? WHAT'S THE DIFFERENCE?
The effect is the same.

Continuance

You intend to continue the corporation in Wyoming as if it existed there the entire time.

Domestication

You dissolve the Nevada corporation after you file in Wyoming.

As to not confuse anyone, it’s easier to file ARTICLES OF DOMESTICATION.
HOW DO I DOMESTICATE MY NEVADA CORPORATION IN WYOMING?
COMPLETE THE ARTICLES OF DOMESTICATION AND MAKE A COPY OF THE DOCUMENT
After this is completed, dissolve the corporation in Nevada.
HOW DO I CONTINUE THE CORPORATION IN WYOMING?

Most people want to preserve their incorporate date, because an older corporation appears to be more established than a newer one. This procedure is called a CONTINUANCE. We can handle this for you by assigning us as a corporate officer of the company.

 

In Wyoming, a corporation can be continued as if it existed there the entire time. This means that a corporation in Nevada, the Netherlands, or even Costa Rica can be continued in Wyoming, as if it was always in Wyoming from the beginning.

Instructions

The following documents must accompany the application:

NEVADA WILL CHARGE YOU FOR THE DOCUMENTS. HOW MUCH? NEVADA FEES HERE.

business conversion documents