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Why do companies incorporate in Wyoming?

Many companies incorporate in Wyoming because the administrative costs are generally lower than in Delaware or Nevada. Unlike many states, Wyoming does not require licensing or filing fees to be paid to complete the process of incorporation.

How do you register a business with the state of Wyoming?

To start an LLC or corporation in Wyoming, you need to file formation paperwork. Your formation paperwork is submitted to the Wyoming Secretary of State. If you are a sole proprietor or general partnership, you wont need to file paperwork with the state. To form a Wyoming LLC, file Wyoming Articles of Organization.

Can I start an LLC in Wyoming if I live in California?

Cost. If a California resident forms a Wyoming LLC they will pay attorneys fees, filing fees and registered agent fees. The initial filing fees are $100 and then $60 per year thereafter (assuming you had no assets in Wyoming).

Can a Wyoming LLC have an out of state address?

If you live in another state, you can form a Wyoming LLC even if you dont live in Wyoming. However, you may need to register it as a foreign LLC in the state where you live if youll also be doing business there.

Why do people set up LLCs in Wyoming?

Wyoming does not levy state and business taxes on LLCs. This is helpful for Wyoming residents since they wont have to pay double taxes. Being one of the zero-income tax states, Wyoming remains appealing to many LLC owners. It also implements zero corporate tax, franchise tax, and stock tax.

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