Wyoming – A Decent Place to Move Business from Expensive City

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Wyoming is known as the best vacation place in the US for its scenic beauty, grasslands, forests, deserts, mountains, rivers, and lakes. The panoramic Mountain View, fir trees, spruce provide a decent view at Wyoming national park. Apart from the scenic beauty, it is also a great place for sports activities like hiking, swimming, climbing, bike tour, etc. Nothing is as interesting as visiting different national parks in Wyoming to observe thousands of different species of birds, mammals, fish, and black bears. 

Wyoming is the forty-fourth state of the US located in the west of the US in the Rocky Mountains. It generally has a cool climate, but it rains and snows occasionally. The population of Wyoming started growing in 2014 when tourism was at its peak. However, after the boom in North Dakota and other neighboring states, many locals left Wyoming to work in different cities. Ever since Wyoming has grown, the state makes a tremendous effort

Now locals are relocating back to their native land. If you’re one of them who is relocating and wish to transport a vehicle to Wyoming, you can contact Ship a Car, Inc. Their staff is trained and experienced, which makes your vehicle safe with them. The drivers are knowledgeable and are updated continuously with new road and traffic rules. When your transport is shipped, you’ll be kept in the loop until the vehicle doesn’t reach its destination. 

Even businesses can now move to Wyoming. Wyoming is home to limited companies, and therefore there is scope for other businesses to flourish without competition. If you’re in a state where the billing for a business license is increasing, or the lease is beyond expectation, you can move your business to Wyoming. 

Here is the process of moving the corporation to Wyoming –

  • You can take benefit of Continuance where any type of US Company like LLC, corporation, partnership, or public company can be moved to Wyoming. 
  • The renewal date should be at least 2-4 weeks later from the time the order for transfer is given. Your company should be currently running in the previous state. 
  • A Certificate of Good Standing and certified copies of the Articles from your state will be ordered. This certificate should be a signed document permitting us to move your company. 
  • Once the paperwork is received it will be submitted to the office with other paper works for Wyoming. 
  • After a week the business owner will receive a corporate kit, which includes 20 new share certificates, suggested meetings, and a new corporate seal. 
  • You will also receive the Articles of Dissolution which will have to be filed with the current state after paying certain fees. 
  • Once all the formalities are completed, your company will show as dissolved in your current state’s database, and in Wyoming’s database, it will show as operational with all old information. 

Benefits of moving business to Wyoming

  • The yearly fee of the Wyoming State is not more than $50. 
  • The Wyoming state provides the best asset protection law compared to other states. 
  • You will retain the same tax ID number and the original formation date of the company. 
  • You will not have to pay federal taxes for moving the old asset to the new city and company. 

Moving a business to a cheap place is the best way of gaining more profit. By moving the company to Wyoming, you’re allowing young educated people in Wyoming who emigrated, but wish to come back.