Wyoming vs Delaware: Choosing the Best State for Your Business
Choosing the right state for incorporating your business is one of the most critical decisions you’ll make. While Wyoming and Delaware are two of the most popular states for business incorporation in the United States, each has its unique benefits that cater to different business needs. At Svetro, we are here to guide you through this important decision.
Wyoming vs. Delaware: Which State is Best for Your Business Incorporation?
Choosing between Wyoming and Delaware for your business incorporation depends on your priorities, whether it’s tax benefits or legal protections. Here’s a detailed comparison to help you make the right decision for your business:
| Feature | Wyoming | Delaware |
|---|---|---|
| No state corporate income tax | ✔ | |
| No tax on corporate shares | ✔ | ✔ |
| No franchise tax | ✔ | |
| Minimal annual fees | ✔ | ✔ |
| One-person corporation | ✔ | ✔ |
| No annual report required until the anniversary of incorporation | ✔ | |
| No general business license required | ✔ | ✔ |
| Nominee shareholders are required | ✔ | |
| Share certificates are not required | ✔ | |
| Minimal initial filing fees | ✔ | |
| No minimum capital requirements | ✔ | ✔ |
| Meetings may be held anywhere | ✔ | ✔ |
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I have always received an immediate response. The quick response time from Clemta has truly made a difference in my interactions with the company .From assistance with company formation to the seamless process of opening a bank account, my overall experience has been great. Clemta's dedication to efficient and responsive service has truly stood out to me.
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Frequently asked questions
Everything you need to know about the product and billing.
What is an ITIN?
An Individual Taxpayer Identification Number (ITIN) is a nine-digit tax processing number issued by the Internal Revenue Service (IRS) to individuals who are required to have a U.S. taxpayer identification number but are not eligible to obtain a Social Security Number (SSN).
ITINs are used exclusively for federal tax reporting and do not authorize work in the U.S., nor do they qualify individuals for Social Security benefits or the Earned Income Tax Credit.
They enable individuals, regardless of immigration status, to comply with U.S. tax laws by filing tax returns and paying taxes on income earned in the United States.
Who needs an ITIN?
Non‑U.S. residents and others who do not qualify for an SSN but are required to file U.S. taxes need an ITIN to comply with federal tax regulations.
What documents are required for an ITIN application?
To apply for an ITIN, you will need the following documents:
- Scanned Passport: A clear copy of your passport, including the signature page.
- Articles of Organization: Your US company registration document.
- Employer Identification Number (EIN): Your EIN confirmation letter from the IRS.
Do I need to have my passport attested by the US Embassy or a passport issuing authority?
No, you don’t. When you apply for an ITIN with Svetro, our status as an IRS Certified Acceptance Agent means we verify your identity on behalf of the IRS—no additional attestation is required.
How long does it take to obtain an ITIN?
How does Svetro ensure compliance with ITIN applications?
As a Certified Acceptance Agent, Svetro follows all IRS guidelines and provides expert support to ensure your ITIN application is compliant and processed smoothly.
If you have any additional questions, our team is here to help you every step of the way.
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Take your business to the next level with our team of experts, who will accompany you along the way. You can focus on your passion while we handle all the complicated paperwork.
