From cf270e9f5b981cbc34e50bea3225dd410f9396e1 Mon Sep 17 00:00:00 2001 From: justin Date: Sat, 30 May 2026 22:34:51 -0500 Subject: [PATCH] add Wyoming formation package doc: full component breakdown, pricing, wizard logic, photo ID reuse, annual compliance, LTV estimates --- docs/wyoming-formation-package.md | 108 ++++++++++++++++++++++++++++++ 1 file changed, 108 insertions(+) create mode 100644 docs/wyoming-formation-package.md diff --git a/docs/wyoming-formation-package.md b/docs/wyoming-formation-package.md new file mode 100644 index 0000000..5fb42dd --- /dev/null +++ b/docs/wyoming-formation-package.md @@ -0,0 +1,108 @@ +# Wyoming Formation + Operate Anywhere Package + +Complete package for truckers who want to optimize their business structure. +Form in Wyoming, foreign qualify in their operating state, full compliance setup. + +## Why Wyoming + +- **$0 state income tax** — no corporate or personal income tax +- **$50 formation fee** — cheapest in the country +- **$60/yr annual report** — minimal ongoing cost +- **No franchise tax** — unlike DE ($300/yr), CA ($800/yr), NY, etc. +- **Strongest charging order protection** — personal creditors can't seize LLC assets +- **Privacy** — no public member/manager disclosure +- **No physical presence required** — just a registered agent + +## Package Components + +| Service | Our Fee | State Fee | Recurring | +|---------|---------|-----------|-----------| +| Wyoming LLC Formation | $199 | $50 | — | +| Wyoming Registered Agent | $99/yr | — | $99/yr | +| EIN Application (IRS SS-4) | $79 | $0 | — | +| Foreign Qualification (operating state) | $149 | Varies ($50-$765) | — | +| Operating State Registered Agent | $99/yr | — | $99/yr | +| Virtual Mailbox (Anytime Mailbox) | $149/yr | — | $149/yr | +| USDOT Registration | $149 | $0 | — | +| Operating Authority (MC) | $349 | $300 | — | +| BOC-3 Filing | $89 | $0 | — | +| MCS-150 Filing | $69 | $0 | — | +| **Total (first year)** | **~$1,430** | **$350-$1,065** | **$347/yr** | + +## Bundle Pricing + +**Wyoming Carrier Optimization Package: $999** (saves $400+ vs individual) +Includes: WY formation + EIN + foreign qual + both RAs + USDOT + MC Auth + BOC-3 + MCS-150 + +Virtual mailbox ($149/yr) and D&A program ($149/yr) added separately. + +## When to Recommend (Wizard Logic) + +**Recommend Wyoming if:** +- Operating state has high formation fees or annual taxes +- Carrier has personal assets to protect (home, savings) +- Multiple trucks / higher liability exposure +- Operating in multiple states (WY is a neutral home base) + +**DO NOT recommend Wyoming if:** +- Base state is CA (California charges $800/yr franchise tax on ALL foreign LLCs regardless) +- Base state is MA ($500 filing + high annual) +- Base state already has low fees and no income tax (TX, FL, NV, WA, SD, WY itself) +- Owner-operator with 1 truck, minimal assets (keep it simple) + +**Wizard warning for California carriers:** +"Note: California charges an $800/year franchise tax on all foreign LLCs regardless of revenue. For CA-based carriers, forming your LLC in California ($70 filing) is usually more cost-effective than Wyoming + foreign qualification." + +## Photo ID Reuse + +Customer uploads photo ID once during intake. Same ID used for: +1. **MCS-150 filing** — FMCSA identity verification +2. **Anytime Mailbox** — USPS Form 1583 notarization (required for virtual mailbox) +3. **Online notarization** — same notary service used for CRTC BITS filings +4. **BOC-3 filing** — process agent identity verification (if needed) + +## Mailbox Setup Flow + +1. Customer orders Wyoming package +2. We form the LLC in Wyoming +3. We open Anytime Mailbox in Wyoming under the LLC name +4. Customer's photo ID → USPS Form 1583 → online notarization (same service as CRTC) +5. Mailbox active → official correspondence forwarded to customer +6. We register the mailbox address as the LLC's principal address in Wyoming + +## Operating State Foreign Qualification + +After WY LLC is formed: +1. File foreign qualification in operating state with WY LLC documents +2. Register operating state registered agent +3. Operating state address = carrier's physical base (for FMCSA) +4. USDOT registration uses operating state as phy_state + +## Ongoing Compliance (Annual) + +| Item | Due | Cost | +|------|-----|------| +| Wyoming Annual Report | Anniversary month | $60 state + included in RA | +| Operating State Annual Report | Varies | $50-200 state + $149 our fee | +| Wyoming RA | Continuous | $99/yr | +| Operating State RA | Continuous | $99/yr | +| Virtual Mailbox | Continuous | $149/yr | +| MCS-150 Biennial Update | Every 2 years | $69 our fee | +| UCR Registration | Annual | $69 our fee + state bracket | +| D&A Program | Annual | $149/yr | + +**Total annual recurring: ~$700-$900/yr** (all managed by Performance West) + +## Revenue Per Customer (Lifetime) + +- **Year 1:** ~$999 bundle + $149 mailbox + $149 D&A + state fees = **$1,300-$2,000** +- **Year 2+:** ~$700-$900/yr recurring +- **5-year LTV:** ~$4,000-$5,500 per carrier + +## Monday Action Items + +1. Confirm NWRA/CorpTools includes mail forwarding with RA (or is it extra?) +2. Set up Anytime Mailbox automated provisioning (API or manual?) +3. Pricing: can we get wholesale on Anytime Mailbox for volume? +4. Online notarization: confirm same service works for 1583 as CRTC BITS +5. Add "Wyoming Carrier Optimization" as a service slug in the catalog