Move Your INC/LLC from Nevada to Wyoming

By Michael Banner - Jul 7, 2012     



 

Drop Nevada & come to Wyoming!

(for less than costs to continue with Nevada)


It's true. It is actually cheaper in the first year to move your corporation or LLC from Nevada to Wyoming

 
After the first year,
save at least $300 EVERY YEAR
By simply moving your charter to Wyoming!

Nevada no longer a good deal

Wyoming is very pro-business and has not raised its fees like Nevada and other states have to cover budget deficits.

Compare the Cost Difference

Year

 

Stay in Nevada*

 

Move to Wyoming**

 

Yearly Savings

1

 

$350/$650

 

$258

 

$92/$392

2

 

$350/$650

 

$50

 

$300/$600

3

 

$350/$650

 

$50

 

$300/$600

* LLC's = $350 & $INCs = $650 ** Assumes no assets held in Wyoming. The savings continue year after year

What is a Wyoming Continuance?

A Wyoming "Continuance" allows you to formally move your NV charter to Wyoming and we can take care of the whole process for you. Consider the benefits of moving your charter to Wyoming:

Save Annual Fees - You pay $50 per year vs. $350 or $650 every year!

Retain Original Filing Date - Instead of starting all over again, your entity's original date of formation is maintained*

Wyoming Fees Are Less - Wyoming charges less for other services such as certified copies, certificates of good standing, & apostilles. Wyoming also charges less for changes to your charter (i.e. change of name, etc.).

Continuance Process is Simple - Only a few weeks your charter can be in Wyoming (especially when moving from Nevada).

*  Wyoming record will reflect "Continuted from another state" or something similar, pointing to it originally being filed in another state

How to “continue” from Nevada to Wyoming?

Here is a list of what is required for each entity type:


INC Continuance

The following must be prepared and submitted to the WY SOS to complete a continuance.

 

Profit Corporation Articles of Continuance - with original signature (and notarized) by officer of the corporation

Consent to Appointment by Registered Agent - Signed by Wyoming Registered Agent

Certified copies of articles and all amendments (from home state) - Must be less than 6 months old

Copy of Certificate of Dissolution (not filed) - Completed and signed, but not filed in the current home state

Corporate resolution signed by officer (authorizing continuance)

NOTE: INC can be in "default" status with NV SOS and still file continuance.  However, cannot be "Revoked" or dissolved prior to filing with Wyoming.

 

 

LLC Continuance

The following must be prepared and submitted to the WY SOS to complete a continuance.

Foreign Limited Liability Company Articles for of Continuance - Original signature by member/manager of the LLC (with notary)

Consent to Appointment by Registered Agent - Signed by Wyoming Registered Agent

Certified copies of articles and all amendments (from home state) - Less than 6 months old

Corporate Resolution signed by Member/Manager (authorizing continuance)

Copy of Certificate of Dissolution (not filed) - Filled out and signed, but not filed in the current home state

NOTE: LLC can be in "default" status with NV SOS and still file continuance. However, cannot be "Revoked" or dissolved prior to filing with Wyoming.

 

What does continuance cost?

SmallBiZ.com will take care of the entire Continuance process for only $258 Total! Below is a breakdown of the services and cost to move a corporation to Wyoming from Nevada:

$100

State Fee in Wyoming

$25

SmallBiZ Filing Service (to file articles of organization with WY)

$29

Registered Agent service (1st 12 months)

$25

Other Filing (Dissolution) - We prepare the NV dissolution document (required by WY with the continuance filing). NOTE: You would need to file this with NV SOS after WY acceptance.

$69

Unlisted Products & Service ($25 - prep and filing of articles of continuance and resolution; $44 est. cost for certified copy of articles from NV)

$10

FedEx Ground shipping of all approved docs back to you (NOTE: you will have digital copy access immediately upon our receipt of your documents)

$258

TOTAL

 

Estimated Turnaround time: 2 to 3 weeks
 

To Expedite the process, there are two additional fee options: $125 to expedite the Certified Copy from NV (one day vs. five to six plus days) and $60 to speed up Wyoming's process time (to about one week vs. about two weeks plus). Simply add either or both amounts to the "Unlisted Product & Service" total above to expedite the overall process.

NOTE: Fees above do not include NV Secretary of State's fees for dissolution ($100 to dissolve).  Fee for cert. copy in NV assumes one page filing.  Additional pages, and amendments, may cause additional fees by the state of Nevada.  If additional fees, we will notify you of the additional fees, and give you a payment form to submit the difference.

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About Michael Banner
  CEO & Founder of SmallBiZ.com, created over thirteen years ago to help small business owners simplify the process of starting & managing their small businesses. SmallBiZ.com now serves over 10,000 businesses per year with various filing and subscription services; in addition to the 1000's of daily visitors to www.smallbiz.com, accessing free services, help pages, & educational videos & webinars.


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   Comments
Michael Banner 10/17/13

</B>Quick comment on dissolving in Nevada after the continuance has been completed in Wyoming. I was recently asked by one of our customers, <B>"Are their any consequences if I don't file the dissolution with Nevada?"</B> Here is what I said: <BR><BR> The statutes seem clear that there must be "termination of domicile in the foreign jurisdiction..." (From Wyoming 17-16-1810 (a)). Accountability for this is up to the Secretary of State of Wyoming. Would there be any adverse effect to the continued entity in Wyoming if the Nevada domicile is not formally terminated in a timely manner (vs. waiting for the state to involuntarily terminate it for non-filing of Annual Statement)? Probably not. But, if the SOS of WY does at some time require formal termination shortly after continuance, the cost to comply with reinstatement and formal cancellation will be expensive (vs. paying $100 now to complete the termination/cancellation formally).