Wyoming Corporations

LLC States

Wyoming States

LLCs:

Business-friendly States & Strong LLC’s

WYOMING invented the American LLC in 1977, as it was modeled after the German Gesellschaft mit beschrnkter Haftung (GmbH). Nevada and Delaware copied Wyoming’s LLC and profited from it most through better marketing.
ALASKA LLCs are good, since Alaska is anti-creditor all the way.

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LLCS

Arizona LLC’s

ARIZONA LLCs are strong alternatives to the weak California LLC. IRAs are protected. Otherwise, creditors have the advantage in Arizona.

Delaware LLC’s

DELAWARE LLCs are well drafted and based on strong LLC legislation.

Hawaii

HAWAII offers domestic captive insurance company formations.

Iowa

IOWA is good for debtors! Unlimited homestead exemption, protection of certain life insurance, IRAs and disability proceeds are exempt. KANSAS & IOWA are very much alike. Iowa LLCs are okay.

Nevada

NEVADA corporations and Nevada LLCs are outstanding in terms of flexibility, private control and business environment. It’s known as a haven for debtors.

South Dakota

SOUTH DAKOTA has an excellent homestead exemption, as does Texas and Florida.
Wyoming LLC

Texas

TEXAS looks out for the debtor. Limited Partnerships are exceptionally strong in Texas and they’re better than in any other state. They have generous exemptions for life insurance, annuities, and the homestead. Except for child support, wages can’t be garnished. Don’t mess with Texas if you’re facing a debtor with an interest in a Limited Partnership.

Oklahoma

OKLAHOMA has excellent laws for Limited Partnerships and Limited Liability Companies.
Wyoming States
LLCs:

Dangerous U.S. States & Weak LLC’s

Alabama

Alabama may be beautiful, but it’s awful if you’re a defendant in a lawsuit. They are known for their high jury awards.

California LLCs

California overtaxes and overbears their citizens and strips away any possible defense from litigation. California attracts administrative losers who feel important by making life difficult for the small business through excessive regulations and punitive measures. Since January 1, 2004, California LLCs have no charging order protection. THAT MEANS NO PROTECTION WITH A CALIFORNIA LLC! The California court can liquidate your member interest and hand it over to the hostile creditor. DON’T USE CALIFORNIA LLCs! They are defective at best.

Louisiana

LOUISIANA is pro-creditor, all the way. They changed the fraudulent transfer regulations to favor the creditor.

New Jersey

NEW JERSEY is creditor friendly due to their lack of a homestead exemption and anti-debtor decisions on the transfer of assets. They are more likely to consider the transfer fraudulent, if timing is suspect.

New York

NEW YORK is very friendly towards creditors by limiting the protection to debtors. If you live in New York, get a planner who knows what he’s doing.

Virginia

VIRGINIA & WEST VIRGINIA looks out for the creditor.