Wyoming is the only state that gives single-member LLCs the same liability protection as multi-member ones, making it much harder for courts to pierce the corporate veil and reach your personal assets. This stronger asset protection is why entrepreneurs should form their single-member entities there.
The reason we— this is one of the reasons we always encourage single members to file in Wyoming, because it is harder to pierce what they call the corporate veil, meaning that you are using a company to shield your assets and it's just you. So in reality, you really own everything. And if a person that sues you is able to pierce the corporate veil, they can go after all of your personal assets. Well, we tell you to form those single-member entities in Wyoming because Wyoming is the only state out of the 50 states that gives you multi-member protection even if you're a single member. So it makes it more difficult for a person that's suing you to pierce that corporate veil.
