What are my options?

As a business owner, or a prospective business owner, it's important to consider your various options. There a number of business types, and each of them was created for specific industries (and with advantages and disadvantages). We recommend getting advised about your options, so that you can confidently choose an entity that fits best with your business model.

If you simply start your business, and don't formerly file to create an entity, you'll automatically be considered a sole proprietorship (individual) or a general partnership (if there are two or more of you doing business together). The downside of these "default" entities is that they provide few legal protections and have minimal tax advantages. 

To take advantage of the significant benefits of incorporating intentionally, we suggest clicking on an image to learn more about that entity type:

 Limited Liability Corporation

Limited Liability Corporation

LLC

The simplest entity providing protection and tax advantages.

 S Corporation

S Corporation

S Corporation

Increased tax benefits and security for growing companies.

 C Corporation

C Corporation

C Corporation

Advanced protection and tax advantages for mature companies.

 

Have more questions? We're here to help.

We want to assist you in selecting a perfect fit for your company. If you would like us to discuss your options with you, simply complete the form below to have a Wyoming Business Center representative contact you.