Sutton Law Center

Why Would a Person Form an Entity in One State and Then Qualify in Another State?

Many people will form an entity in Wyoming for the privacy and asset protection benefits and then qualify to do business in their home state, Colorado, for example. The qualification process involves providing a certificate of good standing for the Wyoming Corporation and then file with the Colorado Secretary of State for permission for the Wyoming Corporation to do business in Colorado. It is not an overly complicated process, but it is an important process to ensure that your entity’s limited liability protection follows you into the states in which you actively conduct business. (Please know that when the state of California is involved we must do a great deal of extra planning.) Others may want to have the in-state LLC (i.e., a Colorado LLC holding Colorado real estate) owned by a separate, independent Wyoming LLC. Feel free to call us and speak with an incorporating specialist to learn the strategy best for you.

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