An LLC (limited liability corporation) is a corporate entity that limits the liability of its owners. Furthermore, LLCs provide tax advantages and a flexible management structure.
|LLC Filing Fee||$100||$50||$70||$105||$130.38|
|LLC Annual/Biennial Fee||$60 minimum (every year)||$10 (every year)||$20 (every year)||$10 (every 2 years)||$89.34 (every year)|
|Corporate Tax Rate||None||4.55%||4.95%||5.58-7.50%||5.60%|
|Nominal GDP per capita||$71,911||$72,597||$66,011||$76,584||$64, 773.08|
Before You Set Up An LLC In Wyoming
You must file Articles of Organization with the Wyoming Secretary of State and pay a $100 filing fee to create a Wyoming LLC.
However, you must first choose a company name and designate a registered agent.
Regardless of how you submit, it will take up to 15 business days for the Secretary of State to process your articles.
How Much Does It Cost To Start An LLC In Wyoming?
In Wyoming, the cost of incorporating a limited liability company (LLC) is $100, and there is an additional convenience charge of $2 if the filing is done online.
For online filing, you can pay with a Visa, MasterCard debit, or credit card.
You will not be required to pay the convenience charge if you submit your return via the mail. When submitting your return via the mail, you are required to pay by check or money order.
Steps To Start An LLC In Wyoming
Your Wyoming limited liability company may be established in only six simple steps:
- Give your Wyoming limited liability company a name.
- Submit Articles of Organization form to the state of Wyoming.
- Select a local Wyoming resident to act as your registered agent.
- Make an operating agreement. This step is not required in Wyoming, but it is strongly recommended.
- Employer Identification Number (EIN) application for your Wyoming limited liability company.
- Ensure that you comply with Wyoming’s tax regulations.
Pick A Name For Your LLC
Every limited liability company (LLC) in Wyoming must have a name distinct from the names of all other LLCs in the state. You may utilize the search tool provided by the Wyoming Secretary of State to see whether or not the name you desire is already in use.
Your Wyoming limited liability company must have a name that includes the phrase “Limited Liability Corporation” or an L.L.C. in the name.
Verify via the Secretary of State’s Business Search that the name you’ve chosen for your limited liability company is not taken in Wyoming.
You also have the option to put a name on hold. When you reserve the name of your LLC, you make it so that no other business in Wyoming can use that name until your company is officially set up in the state.
There is no online filing option available, so if you want to reserve a name for up to 120 days, you must submit an Application for Reservation of Name to the Wyoming Secretary of State by mail. The filing cost is $50.
Find A Registered Agent In Wyoming
You must have a valid registered agent at all times in Wyoming.
A registered agent is appointed to receive legal documents and other communications on behalf of a company. It is needed that the registered agent has a street address in Wyoming in addition to a physical presence in the state to fulfill their role as the official point of contact for your company with the state and the legal community.
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Articles Of Organization
To set up a limited liability company (LLC) in Wyoming, you must send the Articles of Organization to the Wyoming Secretary of State.
You can file the articles either online or in the mail. The cost to file is $100 for applications sent by mail and $102 for online applications.
Before you start filling out the application, ensure you have all the necessary information. You are going to need to be aware of:
- The name that you would want to use for your limited liability company
- Whether or not the limited liability company will operate as a close corporation
- The name and address of the registered agent who handles your company’s paperwork
- The postal address for the limited liability company is
- The primary location of the LLC’s office is
You will also require:
- A contact person, daytime phone number, email address, and the signature of an organizer of the limited liability company (LLC).
- The signature of the registered agent, together with their title, phone number, email address, and postal address.
In Wyoming, no law says you have to make an operating agreement, but it is strongly suggested that you do.
If you have an operating agreement, you can select your guidelines for how you will operate your firm. You can define the rules that will best serve your requirements or, in the case of LLCs with several members, the needs of all of the members of the LLC.
Suppose you don’t have an operating agreement. In that case, the state’s default regulations will dictate how your limited liability company (LLC) is run, and you won’t have the opportunity to modify those rules so that they better suit your business.
According to the general guidelines, the operating agreement could be implied, recorded, or oral.
Get An EIN
Employer Identification Numbers, or EINs, must be obtained from the Internal Revenue Service by all new LLCs in the United States.
The EIN, which consists of nine digits, is similar to a company’s social security number and is required. Head on over to the IRS website to get started with the EINs.
The Forms You Need To Register An LLC In Wyoming
- Application for Reservation for Name (this is optional) – $50 filing fee
- Articles of Organization – $102 online fee, $100 mailing fee
- Application of Certificate of Authority (for foreign LLCs) – $100 fee
|Did You Know?|
If you want your Wyoming limited liability company to remain anonymous, you can do that. In Wyoming, just the registered agent and the person who submits the papers are required to be named. Members and management are exempt from this requirement.
LLC Taxes In Wyoming
Wyoming firms pay the IRS tax on their net earnings, then distribute the remainder to their shareholders, who must pay tax on the same gains again.
This is known as double taxation. Wyoming LLC revenues are distributed directly to the owners, and members pay federal taxes only once when they get their portion of the profit.
They must pay a 30% tax to the Internal Revenue Service on any income earned in the United States.
How Long To Form An LLC In Wyoming?
Mail filing approvals for Wyoming LLCs typically take 4-5 weeks. This includes the 10–15 business day processing period and the time your papers are in transit. Wyoming LLC’s online filings are authorized promptly.
How Much Does It Cost To Run An LLC In Wyoming?
In Wyoming, the annual report comprises either $60 or $60 for every $250,000 in assets, whichever is less than in most states.
At the start of the second year, a Wyoming LLC must pay a $60 annual fee to the Secretary of State. There is a $2 convenience charge for purchasing online once more.
What To Do After Starting An LLC In Wyoming?
Creating your LLC is only as good as what you do after. Check below for some steps to follow after a successful LLC formation:
Create A Logo
A logo is the first representation of a brand and thus should stand out.
Build a website/eCommerce store
A fantastic website is essential for the success of your business.
It is critical to keep your funds distinct from your corporate finances. By opening a bank account for your company, you place space between yourself and the company and indicate that the company is more than simply an extension of you, even if you are the sole member of the LLC.
Having business insurance allows you to concentrate on expanding your Wyoming LLC while managing risks.
Every Wyoming limited liability company (LLC) must file an annual report and pay a yearly licensing tax starting in the second year of business.
Resources For Creating An LLC In Wyoming
Start Marketing Your LLC In Wyoming
Marketing is making a concerted effort to spread the word about your brand through different channels and hoping that enough of that information gets to your customers.
Some ways to market your LLC include using social media, creating a website, offering discounts, paying for advertising, and more.
How To Dissolve An LLC In Wyoming?
For your Wyoming limited liability company (LLC) to be dissolved, you must send two copies of the Limited Liability Company Articles of Dissolution form, along with the correct filing fee, to the Secretary of State. You can do this in person or by mail.
Forming an LLC Wyoming business is pretty straightforward. You can sign up for a Wyoming LLC if you live in another state or a different country.
If you don’t live in Wyoming, you have to choose a registered agent there who can get legal papers and other official notices for you. This guide offers a step-by-step process on how to start an LLC in Wyoming.