An explosion of LLCs: the Wyoming angle cont’d
Over a decade ago, Wyoming adopted reforms that changed everything. Shortly after, Wyoming LLCs started becoming well-known outside the US.
Over a decade ago, Wyoming adopted reforms that changed everything. Shortly after, Wyoming LLCs started becoming well-known outside the US.
This article breaks down the insights revealed from the recent OpenCorporates webinar on US branch data, with OpenCorporates founder Chris Taggart, VP of Data Nick Wright, and data journalist Anna Muñoz Padrós.
What’s behind Wyoming’s spectacular rise as a jurisdiction of choice for LLCs?
Wyoming’s spectacular rise to overtake Delaware in per-capita company incorporations has been powered by what has fast become the dominant legal form in the US, the LLC, a form of limited partnership.
A massive growth in incorporations of LLCs in Wyoming over the past five years has caused it to overtake the historic leader in incorporations, Delaware, according to a new detailed analysis of US company incorporations by OpenCorporates.
Entity verification is an essential part of RegTech solutions, especially for Know Your Business (KYB) and due diligence processes. This guide outlines a step-by-step approach for using OpenCorporates data to overcome common entity verification challenges. It’s for anyone who’s ever wondered “what problems with entity verification does OpenCorporates solve, and how does it solve them?"
We’re excited to announce the revival of our French company data, including coverage of French territories! This marks a crucial step forward, considering the significance of French legal entities within the EU and the jurisdiction’s substantial size.
Yesterday, Companies House published their first strategic intelligence assessment. If I'm completely honest, I was rather blown away by it.
Last week, the Business Registry Insights group published a fascinating report on penalties issued by legal entity registers around the world. This is, admittedly, a bit wonkish, but at OpenCorporates we are proud to be wonkish about legal entity register data (in fact, a working definition of wonkish could be - unsexy details that matter relating to an unsexy but important subject).
You know that game where a ball is placed under one of three cups and they get shuffled around until you lose track of where the ball is? Well, imagine that ball is actually billions of dollars, and instead of cups, it’s companies. Companies that don’t actually do anything. Companies that only exist on paper. Welcome to the world of shell corporations.