Forming an LLC in Wyoming is not as complicated or onerous as in other states. In fact, it is actually easier than it was just a few short years ago. But how to do it? Let us examine an example: Steven owns an internet company from his residence in California. He often reads online that Wyoming is the most ideal place to form an LLC.
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He forms an LLC in Wyoming and pays the appropriate annual report fee, pays the administrative fee, and gets his state license. After submitting his fingerprints to the state, he goes on to do his business as usual. One year later, the company needs a new address and has Steven mail a postcard to the new address and get his tax certificate. The next year, the corporation wants a new license number and requests a mailing address. He goes to the office and gets his license.
Now suppose this same situation occurs five years later. After getting the necessary address and mailing address from the Secretary of State, the online company is suddenly changing its address and wants a letterhead, not a phone call. This time, Steven goes to the office, fills out all the paperwork, gets his tax certificate, and even makes himself a registered agent. On this very same day, he receives a call from the registered agent of his LLC - he is shocked!
How to Form an LLC in Wyoming
What happened? The answer lies in the fact that in Wyoming, all businesses are required to file a set of business licenses. Even if they do not have sales tax commercial licenses, they still need to register and pay the administrative fee. Without these business licenses, the Secretary of State cannot grant them business licenses.
For an LLC in Wyoming to get commercial and/or income tax licenses, it must complete and file an appropriate form with the Secretary of State. The form is known as an Application for Identification and Licensing. If the form is incomplete, the business can lose its application for either the commercial or income tax licenses.
So now we come to the point of completing forms to establish an LLC in Wyoming. One of the most important requirements is for the owner to file a notice of intent to register, otherwise known as an Application for Notice of Intent to Register. There is also a requirement for the owners to pay a non-refundable filing and licensing fee to the Wyoming secretary of state. When a notice of intent to register is filed, the LLC's agent will then be given 45 days to turn in all the required paperwork.
After the paperwork has been turned in, the agent will then receive a one-time filing fee, which is non-refundable. If the LLC in Wyoming does not file electronically within the time allotted by the Wyoming secretary of state, the filing fee for that year will be prorated by the court room. It is important for everyone to submit their information as promptly as possible so that their filing does not get delayed. There are certain deadlines for filing, including the filing fee, so people need to be aware of these deadlines and submit their information on time.
If you have decided to establish an LLC in Wyoming, you will also need to select a legal corporation or LLC to conduct your business. You will need to complete and submit an Operating Agreement, Articles of Organization, Business plan, and Annual Report. All of this information will need to be submitted with your completed forms and completed tax returns so that the appropriate office can process your paperwork. The information that you provide when you complete these documents and turn them in to the proper officers will help them properly register your commercial entity and serve you properly as your state and local business entity.
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