A lawyer with 25 years of experience explains why promoters push Wyoming LLCs: they make money on affiliate fees, not on what's actually good for you. His firm charges modest fees and only creates an LLC when it actually helps.
It's one thing. See my fingers moving? Yeah, that means money. Why Wyoming LLCs get so much hype. Someone's trying to make money off of you. And the companies that are doing the actual work are in cahoots with the ones promoting it, and both of them are making a shit ton of money, and you are left holding the bag. That's it. And truly, that's why it's happening. And it's so frustrating because as a law firm for over 25 years, we've been trying to create the proper structures for clients, including Wyoming LLCs when they make sense. But we do it with the thought in mind, oh, we might actually see this client next year. We might actually want to have a relationship with this client next year. And so if we sell them crap, we are not going to be able to maintain that relationship. And also we don't want to overcharge clients. So we try to charge a price that doesn't include an affiliate fee to a promoter trying to make money on the sale of that Wyoming LLC.
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