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Wyoming LLC
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17-29-503. Charging order.

(a) On application by a judgment creditor of a member or transferee, a court may enter a charging order against the transferable interest of the judgment debtor for the unsatisfied amount of the judgment.  A charging order requires the limited liability company to pay over to the person to which the charging order was issued any distribution that would otherwise be paid to the judgment debtor.

(b) Reserved.

(c) Reserved.

(d) The member or transferee whose transferable interest is subject to a charging order under subsection (a) of this section may extinguish the charging order by satisfying the judgment and filing a certified copy of the satisfaction with the court that issued the charging order.

(e) A limited liability company or one (1) or more members whose transferable interests are not subject to the charging order may pay to the judgment creditor the full amount due under the judgment and thereby succeed to the rights of the judgment creditor, including the charging order.

(f) This article does not deprive any member or transferee of the benefit of any exemption laws applicable to the member's or transferee's transferable interest.

(g) This section provides the exclusive remedy by which a person seeking to enforce a judgment against a judgment debtor, including any judgment debtor who may be the sole member, dissociated member or transferee, may, in the capacity of the judgment creditor, satisfy the judgment from the judgment debtor's transferable interest or from the assets of the limited liability company. Other remedies, including foreclosure on the judgment debtor's limited liability interest and a court order for directions, accounts and inquiries that the judgment debtor might have made are not available to the judgment creditor attempting to satisfy a judgment out of the judgment debtor's interest in the limited liability company and may not be ordered by the court.

Delaware LLC vs. Wyoming LLC

Wyoming wins the day.  Wyoming offers asset protection that Delaware cannot provide.

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Wyoming corporations and Wyoming LLC's.

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Wyoming Registered Agent

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Delaware Corporation

Wyoming vs. Delaware.  Wyoming offers 0% income tax and lower fees.

Shelf Companies to Build Business Credit

Learn how to build business/corporate credit.  Start with a clean five year old shelf corporation or shelf LLC. 

California Corporation

California corporations and LLC's won't protect you.  If you must do business in California, there's a better alternative.  The best solution is to acquire an out-of-state corporation or LLC and file it in CA.  What state should you acquire this company to file in California? 

A Montana corporation filed in California is best when building corporate credit.

A Wyoming LLC is best when focused on asset protection.

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