Wyoming Series LLC
Automatic legal entity creation for each copyright
What is a Wyoming Series LLC?
A Wyoming Series LLC is a special legal structure where each copyright gets its own separate legal entity automatically created upon registration. This provides professional asset protection and tax efficiency without manual filing.
Key Features:
- Automatic Creation: Formed instantly during work registration
- Asset Protection: Each work is legally isolated
- Tax Efficiency: Optimized tax structure
- No Manual Filing: All handled by smart contract
- Wyoming Law: Governed by favorable Wyoming regulations
Why Wyoming?
Business-Friendly Laws
Wyoming has the most favorable LLC legislation in the United States
Asset Protection
Strong legal protections for LLC owners and assets
Privacy
Wyoming doesn't require public disclosure of members
Tax Benefits
No state income tax, favorable tax structure
How Automatic Creation Works
Step 1: Work Registration
When you register a musical work or recording, the registration triggers the WyomingSeriesV9 smart contract.
Step 2: LLC Formation
The smart contract automatically creates a new Series LLC entity specifically for that copyright. No manual paperwork required.
Step 3: Blockchain Recording
LLC formation is recorded on the blockchain with forensic timestamp. This is legally binding and tamper-proof.
Step 4: Asset Assignment
The copyright is automatically assigned to the LLC as its primary asset. Ownership flows through the LLC structure.
Step 5: Token Distribution
Copyright tokens represent ownership shares in the LLC. Token holders are effectively LLC members.
Benefits of Wyoming Series LLC
Limited Liability Protection
Your personal assets are protected from any legal claims against the copyright. The LLC provides a legal barrier.
Asset Isolation
Each copyright is in its own LLC series. Issues with one work don't affect your other works.
Professional Structure
Having an LLC adds credibility when licensing or negotiating deals. It's a professional business entity.
Tax Flexibility
LLCs offer pass-through taxation and various tax optimization strategies not available to individuals.
Succession Planning
LLC structure makes it easier to transfer ownership to heirs or sell the business entity.
Legal Entity Structure
Ownership Hierarchy:
- Master LLC: Parent entity managed by CopyrightChains
- Series LLC: Individual entity for each copyright
- Token Holders: Members of the Series LLC
- Copyright Asset: Owned by the Series LLC
Members
Anyone holding copyright tokens is a member of that Series LLC
Management
Managed by smart contracts - no human intervention
Distributions
Royalties distributed automatically to members
Governance
Token voting may be enabled for major decisions
WyomingSeriesV9 Smart Contract
The WyomingSeriesV9 contract handles all LLC creation and management automatically.
Contract Address:
0x4c097dd8890e36095Be316fAEd7FCeF2b209608d
Instant Formation
LLC created in same transaction as work registration
Compliant
Meets all Wyoming legal requirements
Automated
No manual paperwork or government filing
Transparent
All LLC records on blockchain
Tax Implications
Important: Consult a Tax Professional
While Wyoming Series LLCs offer tax advantages, individual tax situations vary. Always consult a qualified tax advisor for your specific circumstances.
General Tax Benefits:
- Pass-Through Taxation: Profits pass through to members (no double taxation)
- No Wyoming State Income Tax: Wyoming has no state income tax
- Business Deductions: LLC allows business expense deductions
- Flexible Distribution: Control when and how to take income
Common Questions
Do I need to file any paperwork?
No, everything is automatic. The smart contract handles all LLC formation and compliance.
Is the LLC legally recognized?
Yes, Wyoming Series LLCs are legally recognized entities under Wyoming law and accepted nationwide.
What are the ongoing costs?
Zero ongoing costs. No annual fees, no filing fees. Everything is handled by the smart contract.
Can I dissolve the LLC?
LLCs are permanent once created. However, you can transfer all tokens (effectively transferring the LLC).
Do I need a registered agent in Wyoming?
The master LLC has a registered agent. Individual Series LLCs operate under the master structure.