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-   -   What's the benefit of a Wyoming LLC? (https://www.aspkin.com/forums/amazon/149938-whats-benefit-wyoming-llc.html)

gsm113 03-17-2023 07:08 PM

What's the benefit of a Wyoming LLC?
 
I need to open a company for a new stealth account. I've seen a few threads recommending opening an LLC in Wyoming. Curious why there of all places?

Beautiful 03-18-2023 11:08 AM

Re: What's the benefit of a Wyoming LLC?
 
Privacy/Tax benefits

rsot 03-18-2023 11:15 AM

Re: What's the benefit of a Wyoming LLC?
 
nice and simply stated by Beautiful

JamesNorth101 03-18-2023 01:40 PM

Re: What's the benefit of a Wyoming LLC?
 
Quote:

Originally Posted by gsm113 (Post 1213148)
I need to open a company for a new stealth account. I've seen a few threads recommending opening an LLC in Wyoming. Curious why there of all places?

Its just pretty cheap and you save on tax

Apexpursuit 03-20-2023 08:33 AM

Re: What's the benefit of a Wyoming LLC?
 
Quote:

Originally Posted by JamesNorth101 (Post 1213210)
Its just pretty cheap and you save on tax

I am pretty sure you do not save on tax unless you live there. You still have an obligation to pay state taxes for the state that you live in. Correct me if I am wrong.

Kingcookie 03-20-2023 10:08 AM

Re: What's the benefit of a Wyoming LLC?
 
No tax benefits I have one

Quote:

Originally Posted by Apexpursuit (Post 1213418)
I am pretty sure you do not save on tax unless you live there. You still have an obligation to pay state taxes for the state that you live in. Correct me if I am wrong.


Apexpursuit 03-21-2023 06:40 AM

Re: What's the benefit of a Wyoming LLC?
 
Quote:

Originally Posted by Kingcookie (Post 1213422)
No tax benefits I have one

I could be wrong. According to this it’s possible
https://www.northwestregisteredagent...g/tax-benefits

Kingcookie 03-21-2023 06:53 AM

Re: What's the benefit of a Wyoming LLC?
 
No it doesn’t state that unless your primary residence is in Wyoming


Quote:

Originally Posted by Apexpursuit (Post 1213486)
I could be wrong. According to this it’s possible
https://www.northwestregisteredagent...g/tax-benefits


alekov 05-02-2023 11:29 AM

Re: What's the benefit of a Wyoming LLC?
 
So do you use a registered agent in WY and enter their address on Amazon? Or you enter your own address in the state you reside in? Or get a virtual mailbox in WY?

Apexpursuit 05-02-2023 02:44 PM

Re: What's the benefit of a Wyoming LLC?
 
Quote:

Originally Posted by alekov (Post 1216182)
So do you use a registered agent in WY and enter their address on Amazon? Or you enter your own address in the state you reside in? Or get a virtual mailbox in WY?

The first one

alekov 05-02-2023 07:05 PM

Re: What's the benefit of a Wyoming LLC?
 
Quote:

Originally Posted by Apexpursuit (Post 1216192)
The first one

Awesome that's how I did it last time, my problem is I'm afraid to use the same Registered Agent company because I'm sure it will have the exact same address (with a suite number different at the end) but it may throw a red flag when Amazon probably had 200 sellers all registered at the same address with different mailboxes/suites? I'm sure any registered agent companies we can find already have many Amazon Sellers using them?

Apexpursuit 05-02-2023 10:33 PM

Re: What's the benefit of a Wyoming LLC?
 
Quote:

Originally Posted by alekov (Post 1216199)
Awesome that's how I did it last time, my problem is I'm afraid to use the same Registered Agent company because I'm sure it will have the exact same address (with a suite number different at the end) but it may throw a red flag when Amazon probably had 200 sellers all registered at the same address with different mailboxes/suites? I'm sure any registered agent companies we can find already have many Amazon Sellers using them?

These sellers have the same EXACT address without a suite number. It probably throws up a red flag of some sort but I have not run into any problems yet.


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