How to Create a Wyoming LLC
Incorporating an LLC in Wyoming requires filing Articles of Organization with the Secretary of State, costing $100 online (+4 fee) or by mail. You must appoint a registered agent with a physical Wyoming address. The process is fast, with online filings approved instantly, providing strong privacy and no state corporate taxes.
Step-by-Step Incorporation Process
- Name Your LLC: Choose a name that complies with state statutes and includes "Limited Liability Company" or "LLC". Verify availability on the Wyoming Secretary of State website.
- Appoint a Registered Agent: You must designate a registered agent located in Wyoming to accept legal documents. This can be an individual or a professional service. Wyoming registered agents can be found by doing Google searches.
- File Articles of Organisation: Submit the Articles of Organisation to the Wyoming Secretary of State online, which is the fastest method. Paper forms are also accepted.
- Create an Operating Agreement: While not filed with the state, it is recommended to have an operating agreement to outline the internal structure and management of your LLC.
- Obtain an EIN: Apply for an Employer Identification Number (EIN) from the IRS for tax purposes.
- The EIN is an official identification number for an entity designated by the IRS. You can apply for the EIN on-line (it's free). Go to the IRS website (irs.gov) and in the search bar at the top of the page type "EIN". After finding the link click it to go to the application page. Upon completion of the on-line application a PDF letter from the IRS is instantly generated by your computer stating what the EIN is (print it).
- Annual Reporting: File an annual report, due on the first day of the anniversary month of formation, with a $60 fee to remain in good standing.
Key Considerations
- Cost: $100 filing fee + $4 credit card fee for online filings.
- Privacy: Wyoming does not require members or managers to be listed on public documents.
- Annual Requirement: A $60 annual report is required to maintain compliance
- Registering in Florida as a "foreign entity": For a Wyoming LLC to do business in the State of Florida it is recommended that it register with the Florida Department of State as a "foreign entity".