Forming an LLC in Wyoming
Forming an LLC in Wyoming in 7 easy steps
- Pick a name for your company and make sure that isn’t occupied by another LLC already or violates any trademark. The company name must contain a LLC identifiers, e.g. “Ltd Liability Company” or “LLC”. The LLC identifier will let the public now that the company is a limited liability company.
- It is advisable to let an attorney go through the Operating Agreement before your proceed, because flawed Operating Agreements can cause serious tax problems for limited liability companies. You are not required by law to hire an attorney; the decision is entirely up to you and the other members of the LLC (if any).
- File the Articles of Organization at the Wyoming state filing office and pay the filing fee. The minimum LLC filing fee is $103 in Wyoming. (For 15 business days.)
- Have an Organizational Meeting where the members (owners) of the LLC adopt the Operating Agreement.
- When the Operating Agreement has been adopted, the LLC can get a Federal Employer Identification Number (FEIN).
- The LLC needs to open up a bank account to handle transactions.
- Last but not least, the newly formed company needs to obtain local business licenses form each city and county in which it will be active. You should also check if the company needs any permits.
Maintaining an LLC in Wyoming
LLC’s in Wyoming are required to hand in annual reports and these reports are due on the first day of the month of initial filing each year. When the report is handed in, the company must pay $50 in annual report fee.
