@originaldohnthornton: A lot of people think forming a Wyoming LLC is the ultimate asset protection and tax strategy.
“No state tax.”
“Anonymous LLC.”
“Charging order protection.”
Sounds amazing…
until you realize it’s still a statutory law entity.
Which means:
Annual filings.
Compliance requirements.
Public connections.
And taxable events still flowing through the structure.
That’s the part most promoters leave out.
A Wyoming LLC is still just a half-measure inside the statutory law system.
And if the entity gets challenged in a lawsuit?
The corporate veil can still potentially be pierced like any other LLC / Corporation.
A contract law spendthrift trust operates completely differently.
No public state registration.
No corporate veil to maintain.
Powerful lawsuit protection.
Far greater anonymity.
And no taxable events.
Same goal of privacy and protection.
Completely different level of structure.
(Ino purposes only; not a licensed tax, legal, or accounting professional) #taxdeductions #taxreduction #taxsavings #wyominglife
