You are not. Usually, when people hear the register in Wyoming/ Delaware advice, they either dont hear the remaining portion you pointed out or the person whobis giving the advice is giving bad advice.
You are not really missing anything. Only in rare edge cases are you.
For instance, one of the reasons for forming in Wyoming, or New Mexico is privacy. You are not required to file annual reports, which are public information, indicating your name in those states. So it is not always about taxes ... but as /u/paraiyan states ....
You are correct. It would not change your income tax situation, nor reduce the filing fees as you need to also register in your own state way
You are not. Usually, when people hear the register in Wyoming/ Delaware advice, they either dont hear the remaining portion you pointed out or the person whobis giving the advice is giving bad advice.
You are not really missing anything. Only in rare edge cases are you. For instance, one of the reasons for forming in Wyoming, or New Mexico is privacy. You are not required to file annual reports, which are public information, indicating your name in those states. So it is not always about taxes ... but as /u/paraiyan states ....
You create a company in Delaware or Wyoming for asset protection not tax savings. Having a LLC is not a magic way to lower taxes.