Is Wyoming the Best State for Setting Up an LLC?

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It's my pleasure to field the following question from a reader who reached out to AccountingWeb for information about starting a limited liability company (LLC) in the state of Wyoming. Please know that what I share here is for informational purposes only and is not intended as legal, accounting or tax advice. Anyone starting a business should reach out to their trusted attorney and tax professional for expert guidance that addresses their unique situation and requirements.
Hira from Canada asks...
I am Hira from Canada. We, three partners, are going to open an LLC in Wyoming. Two partners are from Canada, and one lives in New York. Can we apply for a resale certificate in Wyoming?

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