SHELF LLC: THE LIMITED LIABILITY COMPANY
Nevada incorporators claim that they don't have an information sharing agreement with the IRS. What about Wyoming?
Nevada, Wyoming and Delaware cannot share information they don’t have. And since stockholder information is not reported to any one of these states, and their respective Secretary of State, then that information cannot be shared. Simply, you can’t share information you don’t collect. It’s true that Nevada doesn’t have this information sharing agreement with the IRS, but it’s only symbolic in its effect. The information is really collected through the bank, when opening an account, even if that bank is in Nevada. Banks are required to do a screen of the signer on the corporation’s account, before opening the account. And there’s a record produced, and transmitted, as to whom is the signer that applied for the account. And your social security number is required to open the account in the first place. As you know, all banks are under Federal jurisdiction. The lack of a sharing agreement with the IRS doesn’t surmount to a hill of beans.
What Nevada incorporators don't tell you:
WYOMING AGED SHELF CORPORATIONS:
Wyoming is known for clean business. Wyoming is a state that is in the black, and without an income tax. This is because they believe in small government, the respect for property rights, and the right to be left alone. This is a rarity in a country filled with socialist-minded government officials who rationalize the involuntary re-distribution of wealth, loose economic policy and the confiscation of assets. Wyoming is great for protecting assets, for real estate, crypto related businesses, and technology industries.
MONTANA AGED SHELF CORPORATIONS:
Montana is a state known for clean business practices. Montana isn’t known for aged shelf corporations and that’s why it’s a great source for anyone searching for one. They annual report is only $20.00.
New Mexico LLC’s are outstanding as aged shelf entities. New Mexico is not known as a state that produces a great deal of aged shelf companies, and that’s great resource for you. There’s no annual report for New Mexico LLC’s.
Nevada is facing a population explosion. The mining and casino taxes no longer support the ambulatory, police, educational and other civil services needed by their citizenry. As a result, corporate fees are going up and you pay more in Nevada. In contrast, Wyoming has had about 500,000 residents and the population has remained relatively level for the past ten years. Wyoming doesn’t face the same economic demands as faced in Nevada. That’s why the filing fees in Wyoming are so low.