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How to Form an LLC in Wyoming
Order your LLC Formation online. It's easy to follow the screens which guide you through the decisions to customize your LLC the way you want.
- Trusted formation services. We serve the compliance needs of 40,000 companies (and counting).
- Immediate online access to your formation wizard, project status, and powerful integration with the secretary of state database to detect when your LLC has been approved.
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Affordable investment starting at $99 to set up your limited liability protection.
This guide to starting an LLC in Wyoming provides step-by-step instructions on filing formation documents, obtaining tax IDs, and setting up company records.
Overview
LLCs are the most popular business structure because they are inexpensive to form, provide flexibility to the owners, and are easy to run. Forming your LLC legally establishes your business, limits your personal liability, and gains tax flexibility. The following step-by-step will help you as you undertake this process.
Fast Facts: Your Budget and Timeline
Here is an overview of the total paperwork, cost, and time it takes to form an LLC in Wyoming. Be sure to read the final step in this guide - "Ongoing Filings" - to understand your ongoing costs to maintain a compliant Wyoming LLC.
- Form LLC-ArticlesOrganization: Limited Liability Company Articles of Organization
- Form RAConsent: Consent to Appointment by Registered Agent
- Operating Agreement
- IRS Form SS-4: Obtain an EIN
- FinCEN Beneficial Ownership Report
- Formation: $100
- Formation: ~3-5 business days
Step-by-Step Wyoming LLC Instructions
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Check Name Availability
The legal name of your LLC may not conflict with any other registered name. Check availability of your desired name by conducting a name search.
Name Search: Wyoming Secretary of State - Business Division
Name searchName Reservation: Optional Suffix: 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. .
Wyoming Statutes §17-29-108 -
Appoint a Registered Agent
Before you officially file to create your Wyoming LLC, you will need to decide who your Wyoming registered agent will be. A registered agent is a business's legal appointee to receive notice of lawsuit and other legal or government notices.
State law requires every LLC to have a registered agent. The registered agent is designated when you file Wyoming articles of organization with the Wyoming Secretary of State - Business Division.
Our reliable registered agent service fulfills this requirement. You get:
- Same-day documents from our local office in Sheridan
- Immediate online access to state forms with our address and, where required, our signature
- Annual fees from $89 to $99 per state with no additional charges
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File Wyoming Certificate of Formation
File the articles of organization to create your limited liability company.
Agency: Wyoming Secretary of State - Business Division Form: Filing Method: Mail or online.
Agency Fee: $100
Turnaround: ~3-5 business days
Law: Notes: - Submit the original signed document. The state will e-mail you with an electronic certificate for evidence of filing.
- The Articles of Organization form must be accompanied by an originally signed Consent to Appointment by Registered Agent form.
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Establish Company Records
Your LLC must keep correct and complete books and records. Your filed articles of organization are the first documents for your LLC’s records. Your LLC will generate many other official records such as:
- Meeting minutes
- Operating agreement
- EIN verification letter
- Amendments and other filings made to the LLC throughout its lifetime
Organizations need a secure, centralized tool for managing and accessing sensitive records. Our Records Manager software offers a simple, efficient way for LLCs to store records, track members and managers, and customize meeting notifications.
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Create the Operating Agreement
Draft an Operating Agreement (potentially using a template) which is the governing document for the LLC. It defines the formalities of how the LLC will run itself such as holding an annual meeting. You will review and adopt the agreement at your organizational meeting.
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Hold the Organizational Meeting
The first meeting of the members of the LLC is the organizational meeting. You will need your filed articles of organization and your operating agreement in order to conduct this meeting. Keep minutes of this meeting and store them in your company record book.
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Update Registered Agent Records
Within sixty (60) days after filing articles of incorporation, a corporation shall provide information to its registered agent as required by Wyo. Stat. §17-28-107:
(A) Names and addresses of each entity's directors, officers, limited liability company managers, managing partners, trustees or persons serving in a similar capacity. (B) The name, address and business telephone number of a natural person who is an officer, director, employee or designated agent of each entity represented who is authorized to receive communications from the registered agent. (C) A copy of the written contract or agreement creating an agency relationship between the registered agent and a natural person with respect to accepting service of process on behalf of each business entity represented by the registered agent. -
Get a Federal Employer Identification Number (EIN)
If your LLC has more than one member or will hire employees, it must obtain an EIN. An EIN is also often required to open a bank account.
Agency: Internal Revenue Service (IRS) Form: Instructions: Applying for an EIN without a SSN/TIN:
- Online applications are not accepted if an individual does not have a SSN/TIN.
- Form SS-4 must be completed, signed, and faxed to the IRS, leaving the SSN/TIN field blank or adding the terminology "foreign" to that line item.
- To follow up on the application, call the IRS and ensure they received the application.
- Depending on the agent you speak with, you may be able to obtain the EIN over the phone. The IRS may then fax the EIN documentation back to you.
Filing Method: Mail, phone, fax, or online.
IRS fee: $0
Turnaround: Immediately online or by phone. 4 business days by fax. 4-5 weeks by mail.
Notes: The IRS website is only available during certain hours. Print your EIN before closing your session. For additional guidance, see IRS Pub 1635: Understanding Your EIN.
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Get Wyoming State Tax Identification Numbers/Accounts
Wyoming does NOT offer a consolidated state tax registration application. Apply for individual business tax accounts as needed.
- Wyoming does NOT levy corporate income tax.
- Wyoming does levy excise/sales/use, mineral, and property taxes.
- More information:
- Wyoming Department of Revenue
http://revenue.wyo.gov/
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Report Beneficial Ownership Information to FinCEN
As of January 1, 2024, millions of entities in the US need to report beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN) as part of the Corporate Transparency Act (CTA). LLCs formed before that date must submit BOI before January 1, 2025, while those formed after must submit it within 30 days of formation.
Our BOI reporting service completes the initial filing and provides support for updating your information going forward. We will:
- Submit your beneficial ownership filings to FinCEN
- Handle initial filing, updates, and changes as needed
- Ensure compliance with BOI reporting requirements for $149 per year
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Consider Electing S-Corp or C-Corp Taxation
By default, your LLC receives pass-through taxation and the vast majority of LLCs keep this tax classification. Some LLCs benefit from electing S-Corp or C-Corp tax treatment:
- S-Corp treatment can help owner-employees who earn more than ~$75,000 per year save on self-employment taxes. File Form 2553: S-Corp Election.
- C-Corps suffer from double taxation: the corporation pays taxes on profits then members pay taxes on their distributions. If profits exceed $250,000 per owner, you provide employee benefits, or you will re-invest most of your profit in the business, you may benefit from the low tax rates on retained earnings under C-Corp treatment. File Form 8832: C-Corp Election.
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Obtain Business Licenses & Permits
To run your business legally, you must obtain applicable licenses and permits. The easiest way to navigate the wide range of federal, state, and local requirements is to search by your business type and locality using the Small Business Administration Business License & Permit look-up tool.
Wyoming Business License
Not required
General Business License licensure is not required on the State level in Wyoming.
Wyoming does not have a general business license at the state level, but local licenses are often required.
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Ongoing Filings to Maintain Your LLC
You must file federal and state tax returns.
Many states also require business entities to file an annual report to maintain good standing with the secretary of state. If an annual report is required for LLCs formed in Wyoming, view the table below.
Wyoming Corporation Annual Report Requirements:
Agency: Wyoming Secretary of State - Business Division Form: Start filing online then print the Annual Report on the 'Confirmation' step of the Annual Report Wizard. Simply print and sign the completed Annual Report and mail it in with the proper filing fee.
Filing Method: Mail or online.
Agency Fee: $60 filing fee for Wyoming assets of $300,000 or less or $.0002 multiplied by total Wyoming assets if assets exceed $300,000. An additional $2.25-$8.95 convenience fee is charged for online filing.
Due: - Annually by the first day of the registration anniversary month. If you incorporated or foreign-qualified on March 15, then your annual report is due every year by March 1.
- Reports may be filed up to 120 days prior to the due date.
Law: WY Stat § 17-16-1630.
Penalties: No late fee. Your business will receive a notice of pending dissolution or revocation and then has 60 days to comply.
Notes: - Anyone with authority may file.
- Original signatures are required on paper forms.
For more details, see our Wyoming annual report information center page.
As your LLC grows, you will need to demonstrate your company’s good standing to banks, customers, and other state agencies. After all the work involved in forming your Wyoming LLC, don’t let a missed annual report filing cause your new business to fall out of compliance.
Tracking and filing annual reports on your own can be time consuming and lead to accidental lapses. Protect your LLC’s good standing with Managed Annual Report Service, which tracks and automatically files reports on time, every time, so you can focus on your business.
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