Wyoming LLC Formation
If you want to form a business entity that earns a profit, but limits taxes and personal liability, you may want to consider forming a Limited Liability Company (LLC). LLCs also have the same powers afforded to a corporation. Forming an LLC in Wyoming is easy, fast, and affordable.
| Wyoming LLC Costs | |
|---|---|
| TotalLegal Fee | $99 |
| Wyoming Filing Fee | $102 |
| Total | $201 |
Naming the LLC
The name of the limited liability company must contain 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.”
Required Information
You will need to provide the name and address of your LLC, the Registered Agent's name and physical address, and the name of the organizer of the LLC.
Steps to Forming a Wyoming LLC
- Complete the TotalLegal online interview.
- TotalLegal performs an LLC name availability search.
- TotalLegal will file your LLC with the Wyoming Secretary of State within one business day.
Processing time can vary, but Wyoming filings typically take Immediate Approval. When approved, TotalLegal will upload your Articles of Organization to your account, and send you an email letting you know you are approved to do business in Wyoming.
Wyoming LLC Advantages
- Wyoming LLCs are usually approved in Immediate Approval.
Maintaining a Wyoming LLC
It's not hard at all. Each Wyoming LLC is required to file an annual report, which is due each year on the first day of the LLC's anniversary month. Instead of a fee, the tax assessed is either $50 minimum or $.0002 per dollar of business assets, whichever is greater. Businesses with $250,000 of Wyoming assets or less pay the $50 minimum fee. The report and the fee can be completed and paid easiy online.
Making Changes to Your LLC
Making changes to your LLC in Wyoming is pretty inexpensive compared to other states. Most changes you need to amend your LLC and/or change your Registered Agent can be done online, most for $50.00 or less.
Why use TotalLegal?
TotalLegal provides your LLC with a free Operating Agreement. Since your approved LLC's Articles of Organization do not list the owners (members) of the LLC, having all of this information in your Operating Agreement will make opening a bank account for your LLC in Wyoming very easy.