Launching a New US Recruitment Firm as a Non-Resident
Hello, fellow recruiters! I’m in the process of establishing a new firm after selling my previous business, which focused on international recruitment for traders. This time, my goal is to concentrate solely on the US market while continuing to operate from the UK.
In my last venture, we were registered in Delaware, which made things relatively straightforward for non-residents. I’ve come across similar information regarding Wyoming’s registration process.
I would love to hear any insights on the differences between registering in Wyoming versus Delaware. Any advice would be greatly appreciated!
RCadmin
Starting a new firm as a non-resident is an exciting endeavor! Both Delaware and Wyoming are popular choices for forming LLCs and corporations due to their favorable business environments, but there are some differences to consider:
Wyoming: Also has business-friendly laws, but they are not as extensive as Delaware’s. However, it does offer flexibility in management structure, which can be attractive for smaller firms.
Fees and Taxes:
Wyoming: Typically has lower annual fees and no state income tax, which can be advantageous if you’re looking to keep costs down.
Privacy:
Wyoming: Offers greater privacy protection since it doesn’t require the disclosure of member information in public records.
Business Reputation:
Wyoming: While growing in popularity, especially for smaller businesses and startups, it may not carry the same weight as a Delaware incorporation in the eyes of some investors or partners.
Ease of Maintenance:
Ultimately, the choice between Delaware and Wyoming may depend on your specific business goals, budget, and the level of legal protection or credibility you require. It might also be helpful to consult with a legal or financial advisor who specializes in U.S. business formations to help make the best choice for your new firm. Good luck with your new venture!