Legal Rules for a Wyoming Incorporation
Wyoming Registered Agent, Wyoming Incorporation Filing, Corporate Wyoming
A corporation has its own money, financial obligations, and property that make it a legal entity. If some corporation is facing financial difficulties or a lawsuit, Wyoming has such laws that only affect the investment of the corporation and not the personal monetary funds. This is called “limited liability” which makes Wyoming a better place to incorporate. However, there are certain legalities you need to know before you form a Wyoming incorporation.
Naming the Corporation
You must select a name for your corporation that’s not already given to another corporation in the state. This applies to other states of the US as well. To start a corporation in Wyoming, you are required to search the names on the website of the Secretary of State. However, unlike other states, you are not obliged to include a corporate identifier with your company name such as “inc.” or “corp.”
Filing the articles of incorporation is the responsibility of the chief incorporator with the State Secretary. You must adhere to some of the conditions when you are specifying the incorporators.
Incorporators’ names and addresses must be included in the article of incorporation.
There must be at least one incorporator of a corporation.
It could be either an entity or a person to serve as an incorporator.
The incorporators are obliged to elect the board of directors if their names are not already filed in the articles of incorporation.
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