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The document required to form an LLC in Wyoming is called the Articles of Organization. The information required in the formation document varies by state.
In Wyoming, in most cases, youll only be liable to pay for the LLCs filing fee and its annual report. Like we mentioned above, Wyoming has no state income tax or franchise tax. Delaware is a more corporation-friendly state due its legal protections for directors and shareholders.
Is an LLC Operating Agreement required in Wyoming? No. An Operating Agreement is not required in Wyoming. Although it is not required, the SBA recommends that all LLCs in every state have a clear and detailed Operating Agreement.
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.
To start a corporation in Wyoming, youll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the Secretary of State. You can file this document online or by mail. The articles cost $100 to file.
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Owners of an LLC are called members. Most states do not restrict ownership, so members may include individuals, corporations, other LLCs and foreign entities. There is no maximum number of members. Most states also permit single-member LLCs, those having only one owner.
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.
You can submit your Wyoming LLCs Articles of Organization to the state in 1 of 2 ways: Online: the LLC filing fee is $100 and your LLC will be approved immediately. By mail: the LLC filing fee is $100 and your LLC will be approved in up to 15 business days.
Businesses issue certificates to shareholders, members or partners in order to provide proof of ownership. This proof is typically provided in the form of a certificate: Stock certificates for corporations. Membership certificates for LLCs.
On approval, your corporation will be registered as a legal entity, and youll receive a Certificate of Formation from the State of Wyoming.

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