Wyoming LLC Filing

Wyoming LLC Filing

Wyoming LLC Filing

Wyoming LLC filing formation for your new business is as easy as 1-2-3 with Wyoming registered agent incorporation formation service.  First, you need to place an order for an LLC with the registered agent of your choice.  Second, the Wyoming registered agent will file your LLC with Wyoming registered agent service through the Wyoming Secretary of States Business Division office.  Third, they email you the completed filed Wyoming LLC order.  With online filing, WY registered agents can have your Limited Liability Company to you in MINUTES!  No more waiting days for a Wyoming LLC.  Forming LLCs could not be easier in Wyoming.  Not only is it easy, but with privacy and low costs…it’s the smartest of any 50 state incorporation option you will choose.

 

Wyoming LLC Formation Includes

  1. The Filed Articles of Organization – You can not file a Wyoming LLC without submitting the Articles of Organization.  The state will stamp the filing and place a filing ID sticker on the first page, this is not the FEIN aka EIN (Employer Identification Number).
  2. The Filed Certificate of Organization – Once the Wyoming Secretary of State has filed the Articles of Organization for Wyoming, they issue a Certificate of Organization.  This document is free and comes with the filed articles back to you by paper or you download it when filing electronically online.
  3. Organizer Signature for the Articles of Organization – You must provide an Organizer when filing the Wyoming LLC Articles of Organization.  This is the person that is putting together the paperwork for an LLC and filing it.  They are organizing the WY LLC.
  4. Wyoming Registered Agent Address Use – You must list an address of a WY registered agent in Wyoming on the formation paperwork for filing a new WY L.L.C. in WY.  This can not be a PO Box and the address must be accessible to serve any SOP’s.

 

Wyoming Limited Liability Company aka Wyoming LLC

“In 1977 a piece of special legislation was passed creating a unique entity called the Wyoming Limited Liability Company. It provides protection from personal liability like a corporation and receives the tax treatment of a limited partnership without limitation on citizenship of members or numbers of members. No general partner is liable for all debts of the enterprise. Each member of a limited liability company enjoys liability limited to the extent of their investment in the program and pays tax individually in proportion to ownership thus avoiding the corporate malady of double taxation.”

Read more on the state provided pamphlet:  https://soswy.state.wy.us/Forms/Publications/ChoiceIsYours.pdf  There is information on different types of entities in Wyoming and which is the best choice for you, because the “The Choice is Yours”!  Learn about Wyoming Corporations, Wyoming Limited Partnerships, Wyoming LLCs, Wyoming Non Profits and more for free from the Wyoming Secretary of State.  You can’t get a much better source than that.

 

Wyoming LLC Calendar Compliance

In order to keep your Wyoming LLC active with the Wyoming Secretary of State, you must file an annual report every year for the Wyoming Limited Liability Company.  Your registered agent will notify you in advance when your Wyoming annual report is due by email or perhaps snail mail.  Never miss an important deadline again.  If you do not maintain a registered agent in Wyoming for your Wyoming LLC or Wyoming Corporation, the company will be shut down due to a No Agent status.  Do not rely on an agent without a notification system.  The only way to keep your Wyoming Limited Liability Company open every year is to file the required Wyoming annual report.  This may sound intimidating, but it is just a series of financial questions.  How much money, land, building supplies do you have in Wyoming.  What debts and loans have you taken or given out.  The minimum fee from the state is $50 to file the annual report.  If you miss the annual report, your Wyoming Limited Liability company will be administratively dissolved on the state level and there will be fees to reinstate the company.

 

Wyoming LLC Articles of Organization

Wyoming LLC Articles of Organization is a document used to file for a new Wyoming LLC.  You can add as many additional articles that you desire, but there always must be a certain few according to the Wyoming State Statutes on an LLC.  You must list the following in your Wyoming Articles of Organization:

  1. The Name of the Wyoming LLC being formed.
  2. The Registered Agent and Registered Agent Address.
  3. The Mailing Address for the Wyoming LLC.
  4. The Principal Office for the Wyoming LLC.
  5. The Organizer and Contact Information for the Wyoming LLC.

The Wyoming LLC Articles of Organization can be filed online or by paper.  When you file the WY LLC Articles of Organization online, it takes about 10 minutes to complete.  When you file the LLC by paper, it takes about a week in time to complete the process.

 

LLC Name

The name must include the words “Limited Liability Company,” or its abbreviations “LLC,” “L.L.C.,” “Limited Company,” “LC,” “L.C.,” “Ltd. Liability Company,” “Ltd. Liability Co.,” or “Limited Liability Co.”  If the LLC does not have one of these variations on the end of it, the state will reject the filing.  On the other hand, a Wyoming Corporation does not need an indicator at the end of the business name such as Inc or Corp.

For example, “Barry’s Butter Bread Bagels and Drinks, LLC” would be compliant for an LLC name.  “Barry’s Butter Bread Bagels and Drinks” would not be accepted because there is not an LLC, L.L.C., LC or other ending.  The entity must be recognized as an LLC with the indicator, such as “Barry’s Butter Bread Bagels and Drinks a Limited Liability Company” or “Barry’s Butter Bread Bagels and Drinks LC”.

You can do a search for an LLC name in Wyoming for free.  Even you do not find the name you want to use, do not assume it is available to file.  Don’t be bashful, call the Wyoming Secretary of State business division and ask them to double check for you.

Search LLC Names

 

Registered Agent

The registered agent for Wyoming LLCs must be located in Wyoming to accept any process of service or other legal documents at their legal registered office address.  The registered agent for an LLC can not be located at a PO Box.  Make sure you find a Wyoming registered agent for your Wyoming LLCs that is in a professional location, not a house behind the flea market.  A registered agent can make or break your ease of doing business in Wyoming.  Choose wisely.  If a Wyoming registered agent representing your Wyoming LLC does not do their job correctly that you hired a Wyoming registered agent for…you may never get important documents and may lose court cases against you.

There are registered agents in Wyoming that charge a hefty price and there are those that charge mere pennies on the dollar.  How can this be and why is this happening?  The big corporations tend to charge a high price for their perceived value on the market.  The teenie, tiny little guy charges a low price to get you in.  They both have just two required jobs to do as a registered agent in Wyoming.  The registered agents must keep the records of the Managers, Directors, etc.  The agent must be available to sign for any served paperwork or certified mails.  So what’s the difference?  The big guy gets millions for doing the said job.  The little guy gets enough to live on doing the exact same job.  But here is where it gets more understandable.  You get what you pay for.  Paying a low price will get you unanswered phone calls and “lost mail”.  You will get your paperwork with the big guy, but at the big guy hefty price.  Choose an agent with a medium price.  They get enough money to care about your company and do a good job and you get everything you need in a Wyoming registered agent.

 

Mailing Address

The mailing address listed for an LLC in Wyoming can be at any location.  The address does not have to be in Wyoming.  This is a common misconception for people forming an LLC for the first time.  Most people use the Wyoming registered agent address to stay private in the public eye.  Anyone can look up a Wyoming LLC and see the addresses and Organizer for the LLC at the Wyoming Secretary of State business database.  Unless you want to show your address associated with the WY LLC, an agent can customize it to your needs.  With address use comes mail.  Free Wyoming mail forwarding is what you need if you want to stay private with a Wyoming address.  You do not want to end up paying a hefty fee for mail forwarding up-sells.  Do not fall for the gimmicks out there concerning mail forwarding from Wyoming.

A Wyoming address is not limited to LLC filing privacy.  Use your new Wyoming address to list your company name and address on Google, Bing, Yahoo and other online directories.  Use the address when purchasing domain names and have to fill out a public registrar that can be seen by anyone through a WHOIS search.  Letterhead, business cards, websites are all good places to list your new Wyoming LLC address rather than your own personal home address.

 

Wyoming LLC Filing Organizer

The Organizer of an LLC in Wyoming is the party that puts together the Articles of Organization, signs the paperwork and submits it to the Wyoming Secretary of State for processing.  A registered agent will use their Wyoming Registered Agent name to keep you private and show a professional appearance online.  The way you prove that the Wyoming LLC is yours is through corporate resolutions.  These are not filed with the state and are passed on to you internally in many cases.  The resolutions will appoint a manager, authorize the opening of a business account in the LLC name at a bank and show acceptance of power.

If you are not concerned with privacy, you can be your own Organizer.  Your name will show up when you search for an LLC in Wyoming.  For example: https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=153249127142143218026197190157086028157111095190 When you click on the link to the Wyoming Secretary of States website, you will see the entity detail information.  Scroll down and click Parties.  You will see the person’s name as Organizer publicly.

How to File an LLC Yourself

 

Wyoming LLC Advantages

  • Limited liability ‐ a creditor of the limited liability company may not seek satisfaction of any limited liability company debt against the personal assets of any member of the limited liability company.
  • Tax advantage ‐ the members each pay their share of tax on their share of profits avoiding double taxation of limited liability company profits.
  • Number of investors ‐ may have any number of investors; not restricted to 35 like an “S” Corporation.
  • No general partner ‐ unlike the general partner in a limited partnership, the manager of a Limited Liability Company does not have unlimited personal liability for debts and the manager need not maintain one percent interest in the entity.

What is the main reason for filing an LLC?  You need to separate your personal assets from your business assets.  If you do business under your name, you can be sued from someone you are doing business with.  If they win, they take it all.  Your house, little Susie’s grand doll collection and your red sports car.  Now your wife divorces you and get’s rides in a waiters Mazda Miata instead of your 1979 red Porsche.  If your business was structured as an LLC.  The person suing the business can only have things that the business owns if a judge decides in their favor.  Don’t let little Susie’s pristine doll collection be taken away.  Don’t let your wife end up with Arman down at the Olive Garden.  Form an LLC, you will be glad you did.

 

Changes for an LLC

Changes can be made to an LLC in Wyoming after the initial filing of the company formation documents.  If you decide you want a different name for your Wyoming company, you can file an Amendment.  The Wyoming LLC amendment filing costs $50 to file by the Wyoming Secretary of State.  If you want to change the articles for mailing address and principal office, you can do that for free.  Those two subjects do not require an amendment filing for an LLC.  You can simply email an update form or have your Wyoming registered agent submit it for your Wyoming Limited Liability Company.  One thing that you can not change on your LLC is the Organizer for the LLC.  This name will remain public record for all to see.