Before filing a Wyoming LLC, make sure that you have already thought of a name for your business. The name you pick out should easily distinguish your business; hence, it should not be closely similar to any business name within the state of Wyoming.
Your Wyoming LLC name should also contain the words ‘LLC’, ‘L.L.C.’ or ‘Limited Liability Company’. When you’ve found a suitable name, make sure to check it in the business name search to see if it’s taken or not.
For a Wyoming LLC to be compliant, a Registered Agent must be hired or chosen to act in behalf of the business when it comes to receiving legal documents from the state office. The requirements of this Registered Agent are that she/he must be a resident of the state and should be always within reach during office hours.
That said, you can hire a service and pay up to $160/year, or get a Wyoming Registered Agent for free by starting your LLC with IncFile.
To register an LLC in Wyoming, you need to form a domestic LLC. To do this, you then file the Articles of Organization to be registered. This form is provided for you to fill out.
More importantly, during Wyoming LLC filing, make sure to read all the instructions before you fill out the form. When done, double check your entries so you won’t miss anything important.
Filing Fee for Articles of Organization: $100
In Wyoming or in any other state in the country, a Wyoming EIN is highly recommended. This Employer Identification Number works just like a Social Security Number, and it is used for basically every transaction you do in your business.
Obtaining your EIN is easy as you can access the IRS website and apply there directly for free.
As you start an LLC, it is very important to keep your personal and business assets separate. The best way to get started with this is to open a business bank account. This will help you keep everything separate and keep a close eye on the most important parts of your business.
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Now that you have followed the steps defined above, you are an official LLC. To start operating as a legal business in Wyoming, here are 5 additional steps to follow based on state guidelines and best practices.
This step is not mandatory, but it is necessary. A business plan is not required by law, but almost every Wyoming LLC who has succeeded in launching and running their business uses a business plan.
Starting a business is not easy, but with the help of a business plan, you can forecast your business’ development and gear up for success.
When starting an LLC in Wyoming, it’s critical to take care of your Wyoming LLC tax and overall finances. You can use our Wyoming business taxes guide to follow through your Wyoming LLC tax requirements and get an idea of where to get started.
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Aside from business taxes, another important task you need to follow through when starting an LLC in Wyoming is your business licenses.
These Wyoming business licenses and regulations are a requirement for your business to be legally operating. In the long run, it also makes your business compliant.
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Once you have completed the first four steps above, you can now make an Operating Agreement from which your business operations will be based on – especially if you enter into transactions with other businesses.
Protect your business by writing an LLC Operating Agreement. Here is a free Operating Agreement that can be tailored to your business’ preferences and can be signed online.
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This guide is not legal advice and is an informational guide for readers. For specific questions on how to form a Wyoming LLC or starting an LLC in Wyoming, talk to a local professional.