Our goal is to make forming a Wyoming LLC easy. Allow us to do everything for you. Our formation service includes a same day guarantee, anonymity, free use of our address, first year of registered agent service, limited free mail scanning and more. Compare this to national providers who charge extra for "expedited" service - which is still slower than ours.
We set up your limited liability company anonymously and your information does not appear on the formation documents. We also prepare your operating agreement, resolution to open a bank account and more. Everything is ready to print, sign and take to the bank. Don't accept a provider that makes you complete blank templates.
Other states charge more, publish personal information and provide worse asset protection. Wyoming has a business friendly culture which values low fees, no taxes and privacy. Plus, the Secretary of State allows online filings, so we receive your Articles of Organization back instantly.
The first year is $175. In future years there is a $50 annual report and our $49 agent service.
Nosy neighbors, needy family members and aggressive creditors can't find you.
Charging order protection for Single Member LLCs. Ideal for small businesses and holding companies.
No tax on personal or corporate income. There are no WY tax returns to file.
No operating agreement is required, close LLCs are allowed and everything is online.
You may find a fuller list of Wyoming LLC benefits here.
Almost every limited liability company requires an employer identification number. Wyoming LLCs are no exception. The only time you won't is if there is one owner AND no revenue. This usually occurs when someone is solely titling non-revenue producing assets, e.g. a personal home or car.
Otherwise, having partners, opening a bank account and hiring employees all require an EIN. An EIN is equivalent to the company's social security number.
You may use our service, or you may read our guide for obtaining your EIN here. If you are a non-resident, then you will need to fax your SS4 into the Internal Revenue Service. We are more than happy to help obtain foreign EINs.
Management of the LLC is either by the members voting collectively ("member-managed") or members electing a manager to make management decisions ("manager-managed."). The difference is in who makes day-to-day decisions and is allowed to sign on behalf of the company for bank accounts, contracts etc.
The order form has a choice between a member-managed and a manager-managed LLC. Manager-managed LLCs are more streamlined and efficient. Our general recommendation is to be manager managed, and to elect yourself if needed.
There are many legitimate reasons to desire private ownership. Have you considered advertising your net worth and account numbers? Of course not, so why make your business affairs easy to find if you don't have to? It is not unusual or a sign of being up to no good.
The Wyoming Secretary of State never asks for a company's owners or managers. We set up your LLC with only our information on the formation documents. We list our name, address, phone and email. If you create the LLC yourself, then it will not be anonymous. Learn more here about Wyoming LLC privacy.
Limited Liability Companies have operating agreements and C-Corporations have bylaws. It is not public and is not filed with the Secretary of State. Wyoming LLCs are not legally required to have operating agreements. There are, however, still good reasons to have one:
1) Banks frequently request them.
2) It ratifies ownership percentages and contributions.
3) Verbal contracts are difficult to enforce.
4) It ensures members and managers agree to best practices.
A Wyoming LLC operating agreement is the governing document that describes the rules of the company. It spells out voting procedures and other internal governance issues. Learn more about LLC operating agreements here.
Wyoming Close LLCs have fewer corporate formalities and are easier to maintain. After formation, there are no annual meetings, nor are votes required for every decision. The assumption is owners know each other and are in frequent contact. They are designed for single member LLCs, family owned businesses and tight knit groups.
Wyoming was the first state to allow limited liability companies. Since their introduction here, all 50 states now allow them and approximately 2/3 of new companies are LLCs. Wyoming has continued to stay ahead of the competition by strengthening the relevant asset protection features.
Respecting Single-Member LLCs: Other states allow creditors to easily pierce the corporate veil. The argument is a sole memer company is an alter ego of the person and deserves no protection. In such cases the company's liabilities will become your own. Wyoming's LLC act extends to the same protections to all LLCs, regardless of whether they are single or multi-member LLCs. Learn more about single member LLCs here.
Charging Order Protection: Other states make it easy for personal creditors to seize your LLC and liquidate its assets. Wyoming does not allow this - even for single member LLCs. Assets inside the LLC cannot be used to satisfy personal creditors.
Wyoming does not require an annual tax filing. Further, limited liability companies offer the ability to be taxed as disregarded entities, partnerships, s-corps and c-corps. This flexibility lets you choose the best option for your situation. You should discuss which tax election is best for your situation with an accountant.
Each company receives five free pieces of mail forwarding or scanning. Additional mail forwarding can be purchased for $5 per piece of mail. Those needing more mail can set up a virtual office which includes unlimited daily mail forwarding, a unique suite number, lease and phone number with forwarding.
Wyoming's Secretary of State only charges $50 annual report per year to keep your company open. There is even a 60 day grace period for failing to file your annual report on time. Inside of this period there are no penalties.
Our Wyoming LLC formation service costs $175 the the first year. This includes everything you need to take to the bank except an EIN. In future years, the annual report is $50 and our agent service is $49.