Overview of Wyoming LLC Formation
To start an LLC in Wyoming:
- Name the LLC
- Choose a registered agent
- File articles of organization
- Make an operating agreement
- Obtain an EIN
Registered Agent Requirements in Wyoming
- Registered agent must be a Wyoming resident, a Wyoming business, or a foreign business authorized in Wyoming
- Agent should be over 18 and have a physical street address in Wyoming
- The agent must be available during business hours
Wyoming LLC Formation Process
To register your Wyoming LLC:
- File the Articles of Organization with the Wyoming Secretary of State
- Complete a Consent to Appointment by Registered Agent
- Decide on a member-managed or manager-managed LLC
Additional Information
- Wyoming LLCs are treated as corporations, limited liability partnerships, or single-member LLCs for federal tax purposes.
- Wyoming LLCs must pay an annual license tax starting from the second year of operation.
- Business license requirements are determined by business activities or location in the state, not the entity type.
Considerations for Wyoming LLC Formation
- Wyoming is a favorable state for LLC formation due to low fees and tax advantages.
- Out-of-state businesses can operate in Wyoming by submitting the required documentation for a fee of $150.
Employment Taxes for Wyoming LLCs
- Wyoming LLCs planning to hire employees must register with the Wyoming Department of Workforce Services for employment taxes.