(I would only contact them a few times a year, but when I did, the lady on the phone would remember me, "Oh hi Derek! How are things in the music biz?")
Their service is 100% legit, they're prompt and friendly, and I recommend them highly.
As most of us know here, there are many valid reasons to set up your corporation in a neutral place that is not your current residence.
Maybe you're online-only and traveling the world.
Maybe you're starting your business in one place for now, but you feel kinda "one foot out the door", and feel you're going to move it somewhere else some day.
Or maybe just because you want to, it's legal, and you need no other reason than that.
The article had a negative slant to it, and there are legitimate benefits to this service.
Perhaps some are upset because only the ultra-wealthy should be allowed such privilege?
We can all argue about the ideal level of taxation, but don't tax companies until they're actually making money.
Fortunately, I found a much, much cheaper accountant. I don't know if it'll come back to bite me in the long run, but it was the only way to keep the company profitable.
Point being, thousands of euro to open a company is ludicrous and harmful to aspiring entrepreneurs who are not already wealthy.
Such shady entities registered there include "Level 3 Communications", "California Pizza Kitchen", "The Walt Disney Company", "Dole Food" and "Qualcomm".
Seriously, all those companies are Delaware corporations who maintain their registered office at that address, despite the fact that their CEO has probably never visited that address in their lives.
This is such a common occurrence that it hardly merits notice. Even if you throw in the observation that dubious businesses favor incorporation in Wyoming (which has no corporate income tax, franchise tax or tax on corporate shares), that's still not saying much.
Also, people often establish companies in tax-free states thinking that they'll avoid taxation. But nexus will bite you. By living in a state, or doing work in a state beyond sales, you establish nexus and are responsible for state income tax.
 - http://www.amazon.com/Accelerando-Singularity-Charles-Stross...
from legal.entities import Company
jamestech = Company(address='2711 Wyoming Road')
That would be awesome.
Only $10k for an LLC from 1997, plus $2,500 to have attorney client privilege?
Only the ultra-rich should be allowed to do stuff like this.
I started a Wyoming "close corporation" (unique to WY and awesome for small businesses) last spring, and used FreeRegisteredAgent.com aka Incorp.com as my registered agent. They do the first year free, $99/yr after that. They weren't the fastest responders, but when I dissolved the company a year later they did get back to me, and it didn't prove to be a scam.
I don't have my numbers handy, but in the end I calculated that it would cost something like $1,000 per year to even begin to legitimize a presence in Wyoming. You'd need a mail forwarding service in the state, of which there are few. You'd also almost certainly want a state driver's license, and some of the mail forwarding and registered agent companies will let you use their address for that!
Incidentally, I went with Wyoming because NV and DE have both started charging rather steep annual licensing fees.
(the reason for all this, by the way, is because my plan was to live abroad and do some coding on the side, which puts me in a strange tax situation, and costs had to be extremely low.)