Filing a Wyoming LLC
Many new business owners spend a lot of time trying to figure out which type of business entity they should register as, LLCs should be considered. LLCs not only protect members from corporate liabilities, but they are also remarkably easy to form as well.
Steps To Filing a Wyoming LLC
Choose A Name
To form a Wyoming LLC, you’ll first need to choose a name. When trying to figure out a name, remember that you will need include an indicator of your LLC status in the name. Many business owners put “Limited Liability Company” or “L.L.C” with their company name. Additionally, you should also remember that each entity in Wyoming must have a name that’s unique to them. No two companies can share a name. To prevent this from happening, be sure to use the DoMyLLC Name Availability Check Page.
Choose A Registered Agent
After selecting a name, you’ll then need to focus on choosing a registered agent who will serve on behalf of your Wisconsin LLC. The registered agent is responsible for accepting legal correspondence on behalf of the business and directing it to the company’s owners. This position could prove to be critical in a company’s success, which is why you may find it beneficial to hire a professional third-party company like DoMyLLC to help.
File Articles Of Organization & Pay Filing Fees
Once you’ve secured a name and registered agent, you can begin filing Articles of Organization with the Secretary of State’s office. When doing so, you’ll also need to include a $100 filing fee. Other information found on the Articles of Organization includes:
- Name of the company
- Name and address of the registered agent, as well as consent to an appointment
- The mailing address of the company
- Principal office address
- Name and signature of the organizer
File Initial Report
Wyoming LLCs are not subject to an Initial Report, although they should be mindful of Annual Reports.
Create An Operating Agreement And Hold Meetings
An operating agreement can help define a company’s corporate structure, making each member’s role clear. Once you have completed an operating agreement, you can begin holding meetings.
Obtain Employer Identification Number
The Internal Revenue Service provides Employer Identification Numbers to Wyoming LLCs. Each business receives one number, which they’ll use to open a bank account and file taxes each year.
File State Required Annual Reports
The state of Wyoming requires LLCs to file an Annual Report with the Secretary of State’s office every year. The report is due on the first day of the anniversary month of the company’s founding. If a company has less than $250,000 in Wyoming assets, the filing fee for the Annual Report is $50. Additionally, there is no late fee if this form is not submitted on time, although the state of Wyoming will dissolve your business if you do not send the forms within 60 days of the deadline. Learn more on the Wyoming Annual Report page.
Wyoming LLCs must also be mindful of the fact that they must file taxes and renew their business licenses and permits each year.
How DoMyLLC Can Assist With Streamlining The Process
If you are interested in forming a Wyoming LLC, DoMyLLC can help you through every step of the process, offering services such as:
- Name availability check
- Articles of Organization preparation
- Filing of the Articles of Organization with the Secretary of State’s office
- Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
- Dedicated account manager
- Unlimited customer support
With years of experience working with Wyoming LLCs, we can help solve any problems so that you can focus on growing your business.