How to Start an LLC in Wyoming
To start an LLC in Wyoming, you must file Articles of Organization with the Wyoming Secretary of State, pay a $100 filing fee, and get an EIN from the IRS. The complete steps to forming a Wyoming LLC are as follows:
- File Wyoming LLC Articles of Organization
- Pay the Wyoming Secretary of State $100
- Wait to receive your Certificate of Organization
- Get a Federal EIN tax ID for the LLC
- Create a Wyoming LLC Operating Agreement
- Take these documents to the bank and get a Wyoming LLC bank account
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Wyoming LLC Articles of Organization free download. When you're done filling out the form, submit it to your state.
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1 Day Wyoming LLC For $325 Total
How to File Wyoming LLC Articles of OrganizationTo form a Wyoming LLC, you file the LLC Articles of Organization in the following steps:
What is the Cost of a Wyoming LLC?
There is a $100 LLC Articles of Organization state filing fee. It costs $2 extra to file online. That’s it. Super reasonable for the first LLC to be created in the US and the best LLC in America.
Hire Northwest and your total, out-the-door cost is $327 for a Wyoming limited liability company, and that INCLUDES the state of Wyoming LLC fees.Get Started
What are the Wyoming LLC taxes?
There is no personal or corporate income tax in Wyoming. Many people use Wyoming LLCs as Wyoming holding companies to minimize their business taxes. If you go to Wyoming and buy something or if you have a brick and mortar business in Wyoming selling something to another Wyoming resident, note that Wyoming has an average total sales tax rate of 5.349%. There are no sales tax reports or anything Wyoming LLCs have to file.
Is a Wyoming LLC Registered Agent Required?
Yes, you’re required to have a Wyoming registered agent for your LLC. It’s possible to save a few bucks and appoint yourself, but it’s much more of an annoyance than most people realize. You’ll have to list the address where you’ll be available in your Articles—which are part of the permanent public record of your LLC. Data sellers, solicitors and more will have access to your address. Goodbye privacy, hello junk mail. Also, the job of a registered agent is to be available at that address. Not in meetings. Not on business trips. Not fishing or hiking the Heart Lake Trail.
Keep your privacy and your free time when you hire a commercial registered agent like Northwest. We’ll list our address on your formation documents, and we’ll be there to accept your legal notifications. We even scan and send them to you the same day, so you can run your business from wherever you need to be.Get Started
Wyoming LLC Versus Wyoming Corporation:
The biggest difference is that Wyoming LLCs can be formed without providing the names of management on public documents. Wyoming corporations do not have to list the names on the Articles, but on the Annual Report, you must submit the officers and directors’ names. The asset protection levels are basically the same. They can be taxed the same with the IRS. They can both be formed as a close LLC or a close corporation for sole owners. They both cost the same to form and maintain in Wyoming. Considering a Wyoming corporation? Here’s information on Wyoming incorporation.
Do I Need a Tax ID Number (EIN) for a Wyoming LLC?
Possibly—you’ll need an EIN if you plan to have employees, be taxed as a corporation or file certain federal excise returns. Plan to open a Wyoming LLC bank account? You’ll typically need an EIN. EINs are also useful for keeping your personal information more secure—when it comes to local tax forms, licenses and registrations, you often have the choice of either handing over your EIN or your social security number (and let’s face it, no one wants to hand over their social security number). EINs are free, and you can get them directly from the IRS. Or, we could save you the hassle, and you could hire us to get your EIN for you when you sign up for our WY LLC formation services.
Does a Wyoming LLC Need a Business License?
Wyoming doesn’t have a general, statewide business license. Some cities and counties have their own business licensing requirements, however. For example, if you engage in any business in the Town of Jackson, you’re required to obtain an annual business license there.
What is a Wyoming Close LLC?
Wyoming has a special election you can make on an LLC to make it a Wyoming Close LLC. Basically the theory has been for many years that if you have a single-member LLC, it does not have as much liability protection as an LLC with multiple members because an actual business with two non-related members might have more of a business purpose than a single individual trying to create an alternative identity behind a single-member LLC. All this is stupid in our minds. Why should someone that doesn’t have partners not have as much liability protection just because they own the business as a single person? Well, the State of Wyoming agrees and created the Wyoming Close LLC. We’ve outlined it more in the link above, but it provides a lot of really awesome asset protection and planning mechanisms for single-member Wyoming LLCs and closely-held LLCs.
How can I use a WY Limited Liability Company for asset protection?
A Wyoming LLC is one of the best LLCs for a number of reasons:
- Exclusive charging order for a judgment against the LLC
- Very conservative court system
- The WY LLC protects the LLC from its members’ personal problems
- The WY LLC was made with asset protection in mind
- Wyoming values the single member LLC and provides it protection
A Wyoming LLC cannot be used fraudulently. It’s important to remember that just because Wyoming has great asset protection laws for a limited liability company or corporation, you can’t just not pay people and hide behind the entity. The Wyoming courts will fight and reward you for honesty and integrity, but they will quickly allow someone to pierce your corporate veil if you fraudulently defraud people you owe. The good news is if you have no bad intentions with a Wyoming LLC company, you should be protected if you run your Wyoming company properly.
How do I transfer assets into a Wyoming LLC?
An LLC must be capitalized. This is a key element to a Wyoming LLC. In particular, this is because LLCs can be formed in Wyoming without listing the members (owners) or providing this information to the state since Wyoming does not have an income tax return to file. You can capitalize your WY LLC with cash that you deposit into a Wyoming business bank account, and document this exchange through the LLC membership certificates. Another option is to convey assets you own into the Wyoming LLCs ownership. You can document this exchange through an LLC membership interest bill of sale. We’ve written up an entire article on how to transfer property into an LLC.
How do I know I own a Wyoming LLC?
Great question. Almost every Secretary of State or Division of Corporations does not have companies supply a list of owners. It is generally assumed that the managers or members of an LLC are the owners and that officers and directors of a Wyoming Corporation are the owners. This is not always the case. In Wyoming, you do not list the members or managers in the Articles of Organization or the Annual Report. It’s super easy to file the documents to form the LLC but hard to have well-written private documents that prove you own the WY LLC. We include all these documents with every Wyoming LLC order, and we only charge $100 total to do so. If you’d like to tackle it on your own, we have many free LLC forms you can use.
Could I move my LLC to Wyoming?
Yes, there’s a process, and we do it for you for only $100. You can do it yourself; it’s just a lot of filings. If you formed an LLC in another state, you can move your LLC to Wyoming, and when you do a name search for your LLC in Wyoming, it will show your original formation date of when you organized it in another state. Wyoming also gives you a certificate with that date on it.
Wyoming LLC Articles of Organization Requirements:
Your name must include “Limited Liability Company,” “Limited Company,” or an abbreviation. Most businesses keep it short and sweet with “LLC.” This may sound a little obvious, but make sure your name is unique—Wyoming is quite strict about this and will reject your filing if it’s too similar to anything being used, so be sure to research your name beforehand.
You can list an individual (such as yourself) or a business (like Northwest Registered Agent). Personally, we’re fans of Northwest.
This Wyoming street address will become part of the permanent public record of your LLC. When you hire Northwest, our address will go here.
This is the main business office of your Wyoming LLC and must be a street address. Tip: Hire us as your registered agent and you can use our Wyoming address as your principal address.
Wyoming LLC Organizer
Someone must sign as the person organizing your Wyoming LLC—but it doesn’t have to be anyone in the LLC. We’ll be your organizer when you hire Northwest.
Contact Name, Phone Number and Email
Yes, if you put your phone number and email here, they will become a part of the permanent public record. And yes, you’ll end up on all sorts of lists that will leave you with a ringing phone and an inbox stuffed with spam. We allow our clients to put our phone number and email here to save you from endless annoyances.