JB and ZJMY Holding Co (JBZY)

[Grambo4]

The company decided to go with WY instead of NV to save on annual business license fees and other taxes.

State taxes:

"There are no state income taxes on individuals or companies both in Nevada and Wyoming.

However, Nevada is now considered "the worst state to do business in" by the non-partisan Tax Foundation that has pointed to the new changes to Nevada taxation. Recently, annual list and business license fees which were already the 3rd highest in the nation were increased to $350 for LLCs and a whopping $650 a year for profit corporations. Nevada also has a new “Commerce Tax” on your GROSS REVENUE if your combined gross revenue of all of your Nevada business entities is over $4 million per year! In other words, the state will combine the income of multiple corporations of any common owner and apply the Commerce Tax if the combined revenue reaches the $4 million threshold.

Wyoming is not considering any business income tax and does not need to, since Wyoming has a multiple year budget surplus."