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. You can file the document online or by mail. The Articles of Organization cost $100 to file. Once filed with the state, this document formally creates your Wyoming LLC. However, to actually ready the LLC to do business, you must complete several additional steps.
Starting a Wyoming LLC Guide:
- Choose your Wyoming LLC filing option
- Submit the Wyoming Articles of Organization
- Create a Wyoming LLC Operating Agreement
- Get a Federal EIN from the IRS
- Open a bank account for your Wyoming LLC
- Transfer assets into your Wyoming LLC
- Obtain any required business licenses
- File the Wyoming LLC Annual Report
- Pay taxes on the LLC income
Wyoming LLC Filing Options
Free PDF Download
Wyoming LLC Articles of Organization free download. When you're done filling out the form, submit it to your state.
Do It Yourself Online
Our free account and tools will walk you through starting and maintaining a Wyoming LLC. All for free.
1 Day Wyoming LLC
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Wyoming Articles of Organization Requirements
To form a Wyoming LLC, you must complete and file the Articles of Organization with the Wyoming Secretary of State. See the document below and click on any number to see what information is required in the corresponding section.
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.
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.
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.
How much does it cost to start 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.
How long does it take to start a Wyoming LLC?
File online, and you’ll typically receive your approval documents in your email within just a few minutes. If you’re not in any hurry (or just really want to save the $2 online processing fee), you can print and mail your filing. You should note though that if you file the paper form, you also have to get a registered agent, get an originally signed consent form from them, and attach that to your LLC Articles of Organization. Logistically, it wastes a few extra days when you form a Wyoming LLC by mailing the Articles yourself.
If you hire Northwest to start your LLC, we file online and typically have your Wyoming LLC formed within 24 hours.
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.
Does a Wyoming LLC need a registered agent?
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.
Create the Wyoming LLC Operating Agreement
Do I need an Operating Agreement?
There’s no law requiring an operating agreement and no office or agency to file it with. It’s not a public document like your Articles. Your operating agreement is a private, internal document—but it’s one of the most critical documents of your Wyoming LLC.
Why is an Operating Agreement important?
The LLC operating agreement is the document that shows how your LLC will function, who actually owns it, what each person invested, how profits and losses will be allocated, and what you’ll do if you want to close it down or if you get in a fight with your investors or other members. Even if you’re a single-member LLC, taking the time to write an operating agreement ensures you give careful consideration to all these major decisions (and helps you get familiar with all the lingo and technicalities). And while it’s an internal document, people outside your LLC will want to see your operating agreement. A bank will want to see your agreement when you go to open a business account. Lenders, creditors, investors and partners will all want to see it too. They know that anyone with a $100 can make a Wyoming LLC. Your operating agreement not only shows how you operate—it shows you’re a serious, legitimate business.
Do I have to write the Operating Agreement?
Something we’re proud of at Northwest is that when you hire us to form your Wyoming LLC, you get an operating agreement specific to your management style. We include this for free with all orders because it’s important. We only charge $100 to form your LLC, and this includes the Articles (kind of worthless), resolutions (critical), operating agreement (more than critical), and initial resolutions to start a bank account. We were the first website to hand out free LLC forms. But unlike the imitators that have tried to copy us by putting “free” garbage documents online, we’ve spent years refining and making our free legal forms better and better. More than 1 million LLCs have used our free LLC forms to help form and maintain their businesses. Take a look:
Get a Wyoming LLC EIN
Do I have to get a tax ID number (EIN)?
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.
Open a Bank Account for Your Wyoming LLC
To open a bank account for your Wyoming LLC, you will need to bring the following with you to the bank:
- A copy of the Wyoming LLC Articles of Organization
- The LLC operating agreement
- The Wyoming LLC’s EIN
If there are multiple members in the LLC, you may also want to bring an LLC resolution to open a bank account that states that the person going to the bank is authorized by the members to open the account in the name of the LLC.
We recommend calling your bank ahead of time before going in and asking what their requirements are. Most banks don’t open business accounts nearly as frequently as personal accounts, so some bankers may be unfamiliar with their own bank’s requirements. As frustrating as that may be for you, calling ahead will help save you from being super annoyed when you walk into the bank.
Transfer Assets into Your Wyoming LLC
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 can I use a Wyoming LLC 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 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.
Obtain a Business License
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.
File Wyoming LLC Reports
What is a Wyoming LLC Annual Report and License Tax?
Your Wyoming LLC Annual Report and License Tax is a form you file each year to update the state on your Wyoming LLC’s contact and ownership information and, simultaneously, pay the state’s annual license tax fee. The minimum fee is $50 ($52 online). The fee is based on your LLC’s assets in Wyoming. You’ll pay a higher fee is you have more than $250K in Wyoming assets.
The report is due at the beginning of your anniversary month every year. Forget to file? The state will send you a delinquency notice and give you 60 days before dissolving your LLC. As your registered agent, we’ll help you remember to file. We send your LLC report reminders to help you stay in compliance. Better yet, you can even hire us to prepare and submit your Wyoming LLC Annual Report on your behalf.
How much does an LLC in Wyoming cost each year?
At least $50. This is the minimum fee to file your Wyoming Annual Report.
Pay the LLC Taxes
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.