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Old 03-17-2023
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Default 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?
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Old 03-18-2023
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Default Re: What's the benefit of a Wyoming LLC?

Privacy/Tax benefits
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Old 03-18-2023
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Default Re: What's the benefit of a Wyoming LLC?

nice and simply stated by Beautiful
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Old 03-18-2023
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Default Re: What's the benefit of a Wyoming LLC?

Quote:
Originally Posted by gsm113 View Post
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
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Old 03-20-2023
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Default Re: What's the benefit of a Wyoming LLC?

Quote:
Originally Posted by JamesNorth101 View Post
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.
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Old 03-20-2023
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Default Re: What's the benefit of a Wyoming LLC?

No tax benefits I have one

Quote:
Originally Posted by Apexpursuit View Post
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.
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Old 03-21-2023
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Default Re: What's the benefit of a Wyoming LLC?

Quote:
Originally Posted by Kingcookie View Post
No tax benefits I have one
I could be wrong. According to this it’s possible
https://www.northwestregisteredagent...g/tax-benefits
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Old 03-21-2023
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Default 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 View Post
I could be wrong. According to this it’s possible
https://www.northwestregisteredagent...g/tax-benefits
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Old 05-02-2023
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Default 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?
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Old 05-02-2023
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Default Re: What's the benefit of a Wyoming LLC?

Quote:
Originally Posted by alekov View Post
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

Last edited by Apexpursuit; 05-02-2023 at 02:58 PM.
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Old 05-02-2023
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Default Re: What's the benefit of a Wyoming LLC?

Quote:
Originally Posted by Apexpursuit View Post
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?
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Old 05-02-2023
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Default Re: What's the benefit of a Wyoming LLC?

Quote:
Originally Posted by alekov View Post
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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