A place of staggering natural beauty, Wyoming is one of the largest, most open and least-densely populated places in the country. The state has a population of just over half a million people and is home to two national parks as well as plentiful forests, monuments and historic sites.
The economy is focused on natural resource extraction, agriculture and tourism. Entrepreneurs interested in those and other areas can find a welcome home for their business in Wyoming.
There are a couple of other good reasons for starting a business in Wyoming:
If you want to start your own business in Wyoming, one of the best ways to do so is by forming an LLC.
Wyoming Limited Liability Companies (LLCs) are a business entity designed for startups and small- and medium-sized businesses. Forming an LLC is fast, easy and inexpensive. LLCs offer many of the protections and advantages of large corporations without all the rules, regulations and compliance issues common to larger business entities.
Let’s start by looking at the advantages of forming a Wyoming LLC.
Wyoming LLCs have several benefits for business owners.
A Wyoming LLC must have a designated street address. That could be your home address (if you’re running the company from your residence), where your office is located or any physical address of your preference — even outside of Wyoming. It can also be a P.O. Box.
Every Wyoming LLC must have a “registered agent.” That could be you, the managing director, owner or a dedicated registered agent service. The registered agent in Wyoming is someone who receives official legal and tax correspondence and has responsibility for filing reports with the Wyoming Secretary of State.
At Incfile, all of our packages include a Registered Agent service, which is free for the first year and just $99 per year thereafter. We also have a dashboard where you can log in and easily view any document your registered agent has received on your behalf. Here are a few reasons you might want to appoint Incfile as your registered agent service:
Your Wyoming LLC members are the people who own and run the business. They will be the individuals who withdraw profits from the business to pay themselves. Wyoming does not require you to list the names and addresses of all managers or members when you register the Wyoming LLC.
Once you've gathered all the information together for your LLC, you’ll need to file a formal document with the Wyoming Secretary of State to create your LLC. This document is known as your Articles of Organization, and filing it starts the process of creating your Wyoming LLC. You can do this online, mail in a form or have Incfile do it on your behalf.
Wyoming LLCs aren’t required to have an Operating Agreement, but they are extremely useful for several reasons. Your Operating Agreement covers how the business will be run, how managers and members are chosen, the rights and duties of members and several other key areas. Learn how to create your Operating Agreement here.
If you’re interested in having your Operating Agreement created for you, Incfile will draft a general Operating Agreement within most of our online business formation packages. It can also be selected as an add-on option in our Silver package. This Operating Agreement will be a basic template that you can make changes to anytime you see fit.
You can find lots more useful information on how to form an LLC here. It answers questions like:
Incfile provides a cost-effective service to help you create your LLC. We guide you through the process and handle most of the administrative steps on your behalf, such as filing the Articles of Organization. Our basic package also provides free Registered Agent service for the first year. If you're looking for help starting an LLC, our comprehensive services provide outstanding value.
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|State Fee||State Filing Time||Expedited Filing Time|
|$102||5 Business Days||1 Business Day|
This report is mandatory and must be filed within the specified time frame in order for the entity to remain in good standing with the state. Failure to file this report can lead to the company being revoked or administratively dissolved.
Due Date:On or before 1st day of anniversary month of organization.
Filing Fee: $52
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+ $102 (state fee)
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