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Wyoming: Cracking Open a Shell
August 18th, 2011
In June, Reuters released the first article in "Shell Games," their ongoing series of investigations into corporate secrecy. The piece, "A little house of secrets on the Great Plains," exposed Wyoming's lax incorporation laws. Featured prominently in the story was a house in Cheyenne that was the official headquarters of over 2,000 corporations, including some suspected of helping corrupt foreign leaders and dodging online gambling laws. Wyoming has some of the most relaxed business incorporation rules in the country (along with Nevada and Delaware), which has made it a haven for those looking to establish shell companies, or...
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