WYOMING NONPROFIT CORPORATION
A Wyoming nonprofit corporation is a legal entity formed under the laws of the state of Wyoming for the purpose of carrying out activities that benefit the public or a specific group of individuals. A Wyoming nonprofit corporation provides a legal structure for organizations to pursue charitable, educational, religious, scientific, or other socially beneficial activities while enjoying tax benefits and limited liability protection.
Public Benefit Nonprofit
This is the most common type of nonprofit in the US and in Wyoming. The category designates that your nonprofit’s existence will benefit the general public in some way by providing services or through charitable service.
Religious Nonprofit
This does not designate the nonprofit as a church. In accordance with the IRS definition, a religious nonprofit organization is a nonprofit that is formed and operated exclusively for religious purposes and it must actively promote the advancement of its religion through its services or activities.
Mutual Benefit Nonprofit
A mutual benefit nonprofit is one that benefits only a limited number of people. Though structured the same as a public benefit nonprofit, mutual benefit nonprofits focus their mission on serving well-defined beneficiaries. Chambers of commerce and unions are perfect examples of mutual benefit nonprofits.