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In 1977, Wyoming was the first state to pass a Limited Liability Act.
This was the first time the Limited Liability Company (LLC) was
introduced to American business. Once the IRS recognized the LLC can be
taxed as a partnership (that is, as a pass-through entity), all 50
states passed statutes creating their own version of the LLC.
Nevada and Delaware
followed Wyoming by filing their own limited liability act. Why is it that
Delaware LLC's and Nevada LLC's are more popular?
It's simple.
Nevada and Delaware possess more incorporators and have proven
themselves more adept at marketing. Also, Wyoming has a population
of only 500,000 people. As a result, it only makes sense that
there aren't so many people marketing incorporation services in Wyoming.
So, in which state do
you form the LLC? We care about effectiveness and cost, not
marketing or sales. We found that Nevada and Wyoming offer the
best LLC's-- and Wyoming costs much less.
Wyoming's LLC act spells out the charging order
protection in very
strong language:
Wyoming Statute 17‑15‑145. Rights
of creditor.
“…The charging
order is the exclusive remedy by which a judgment creditor of the member
or transferee may satisfy a judgment against the member's interest in a
limited liability company.”
You can't get better than that!
Call 484.256.4563 for a business consultation.
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