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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.
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.
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).
You can form a Wyoming LLC even if you dont live in Wyoming. Residency in the state, or the USA, is not required to form a company. A majority of LLCs are formed by non-residents. Forming an LLC in Wyoming as a non-resident is the same process as for a resident.
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.
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If you are planning to open a business located in the City of Wyoming, you must first obtain a business license by completing and submitting a Business License application.
In addition, LLC members do not have to be residents of Wyoming or even US citizens. Owners can handle everything required to form an LLC in Wyoming online, and an operating agreement is not required.
Benefits of an LLC in Wyoming. There are docHub benefits to forming an LLC in Wyoming such as unparalleled limited liability protection, fewer corporate formalities, no state income taxes, and privacy. Member and/or Manager names are never required on public record for an LLC in Wyoming.
(The registered agent may be an individual resident in Wyoming or a domestic or foreign business entity authorized to transact business in Wyoming. The registered agent must have a physical address in Wyoming.
For most businesses in the state of Wyoming, a business license isnt necessary, so there are no extra fees to pay or forms to file. You must only pay for an annual report and maintain a registered agent in Wyoming. This should come as a pleasant surprise to clients used to doing business in other states.

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