4 Wyoming LLC Requirements You Should Know Before Filing
To form a Wyoming LLC, you must file Articles of Organization with the Wyoming Secretary of State and pay a $100 filing fee. Wyoming requires a registered agent with a physical address in the state. An annual report with a $60 minimum fee is also mandatory. There are no residency requirements for LLC owners.
Requirement | Due Date | Requirement Details |
---|---|---|
Unique LLC Name | Upon filing | Business entity name guidelines |
Registered Agent | Upon filing | Wyoming Registered Agent Service |
Annual Report | First day of formation month | File an annual report with the Secretary of State |
BOI Report | Within 30 days of LLC setup | File with FinCEN. A BOI is required by every state in the U.S. |
Check out our Wyoming LLC Formation to have all of this done for you by an experienced attorney. It includes a registered agent service, BOI filing, annual report filing, and total compliance.
For those who also want to meet LLC banking requirements, our Complete Package includes all of the above and a separate address and utility bill needed for opening a business bank account. Plus, attorney-client privileges, 1-hour legal consultation, and EIN filing.
Start in Wyoming is the choice to start a Wyoming LLC quickly, correctly, and securely.
Wyoming LLC Name Requirements
You’ll need to verify your business name is unique and distinguishable from other entities registered in the Wyoming Secretary of State’s database. To do this you should do a Wyoming business search.
Key naming requirements for your Wyoming LLC:
- Your name must end with “Limited Liability Company,” “LLC,” or “L.L.C.”
- The name can’t match or be too similar to existing business names
- It must comply with Wyoming’s business entity name guidelines
Before finalizing your LLC name:
- Search the Wyoming business entity database to verify the availability
- Double-check that your name follows all state requirements
If you’re unsure about name compliance, contact the Wyoming Secretary of State’s office for guidance before submitting your business formation documents.
If your LLC is filed with an incorrect name the Wyoming Secretary of State only notifies you after filing. The state fee is non-refundable so you’ll have to pay again to resubmit.
Read our how to start an LLC in Wyoming guide to get a full explanation on forming a Wyoming LLC including the filling process with the Secretary of State.
Wyoming LLC Annual Filing Requirements
Wyoming LLCs must file an annual report with the Wyoming Secretary of State by the first day of the LLC’s anniversary month. The report includes basic company information and the Wyoming LLC annual fee, which starts at $60. Late filings incur penalties.
The annual report due date is the start of your annual formation month. For example, if your Wyoming LLC was formed on April 10th, the annual report would be due by April 1st annually.
Our team handles the annual report when you choose Start in Wyoming to form your LLC.
Registered Agent
A registered agent is needed to maintain compliance with state regulations. Most will use a registered agent service as a registered agent must meet these specific requirements:
- Maintain a physical business address in Wyoming (P.O. boxes aren’t allowed)
- Be available during regular business hours
- Receive legal documents and official correspondence on behalf of your LLC
We provide a Wyoming registered agent service for $125 a year managed by an attorney.
This service guarantees a reliable point of contact for all state communications and legal notices.
File a BOI Report in 30 Days
A BOI report must be submitted within 30 days of forming your company. Every state in America requires companies to provide Beneficial Ownership Information to identify anyone who owns 25% or more of a company.
Reporting companies must file beneficial ownership reports to FinCEN through their online portal. This only needs to be done once or whenever changes occur in your company’s ownership structure. Failure to comply with BOI reporting requirements can result in penalties.
Wyoming LLC Tax Filing Requirements
A benefit of owning an LLC in Wyoming is no state taxes. However, you’ll still have to consider federal and sales tax obligations based on your LLC’s structure and ownership. It’s best to speak to a tax professional to understand your situation.
A single-member LLC will be taxed on a personal level like a sole proprietorship. A multi-member LLC will be similar where each member reports their taxes on a personal tax return. The tax requirements for non-residents will be slightly different.
Does Wyoming Require an Operating Agreement for LLCs?
Wyoming state law doesn’t require LLCs to have a written operating agreement, We recommend creating one to protect your business interests and establish clear organizational procedures.
While an operating agreement isn’t mandatory, it helps:
- Define ownership percentages
- Outline management structure
- Establish voting rights
- Set procedures for member changes
- Protect your limited liability status
Want an Attorney-Formed Wyoming LLC?
Working with an attorney to form and maintain your Wyoming LLC provides added peace of mind and ensures full compliance with state regulations.
Start in Wyoming’s Wyoming LLC Formation service is managed by an attorney and handles all the Wyoming LLC requirements. The service includes a registered agent service, LLC formation, BOI filing, and annual report filing.
The Complete Package offers even greater security and business banking access with attorney-client privilege, 1-hour legal consultation, and a dedicated Wyoming address with a utility bill.
Still have questions? Contact our team today.