Delaware Corporations Or Wyoming Corporations?

Delaware has a strong marketing engine and they cater to big business. Delaware is the best place to incorporate if you run a large corporation.

We believe that the small business person deserves more protection than what is offered in Delaware. Yes, we all aspire to make it big. But it’s better to have a small business. Although you may not have a business jet; you may have your family, health or love. Running a large corporation often requires sacrifice of family, health or love; or all three. We believe it’s better to be a small business owner. Wyoming best serves small business. Delaware serves big business. And lately, many of the values of big business are anti-American. Big business exports jobs overseas. Big business brings in foreign oil, Chinese products, poison drywall, poison toys, genetic food and other problems that adversely impact Americans. And these big businesses are served by Delaware.

Small businesses think local, they think American, they focus on the American consumer, and they hire Americans. Wyoming understands this and rewards all small businesses that do business in Wyoming. Wyoming offers a 0% income tax, pro-business environment, strong limited liability and respect for privacy. When it comes to serving the small business owner, Delaware can’t compete with Wyoming.

Even now, Delaware sells many more companies than Wyoming. But this is no popularity contest. This is about your goals, your dreams and choosing the best corporation, or LLC, to meet your objectives. If your business is small business, then Wyoming is your best choice. The herd mentality will lead to Delaware because that’s where everyone else is doing.

Partnerships are “pass-through” entities for tax purposes. This means that partnership income, deductions and other items passes through the partnership directly to the partners. Accordingly, each partner takes into account his or her share of partnership income, deductions and other items in determining the partner’s individual tax liability.

Partnerships have partners.
Limited liability companies (LLC) have members. The ownership in the LLC is called the “member interest.”

If a judgment is awarded against the LLC itself, it may be levied, and LLC’s property seized or sold in payment. If, however, a judgment is awarded against a member, to the extent that the operating agreement so states, distribution usually cannot be compelled to satisfy a member’s judgment debt. Creditors have to satisfy themselves with a “charging order.” This gives them the rights to any distributions made by the LLC to that particular member, but little else.