What is a Wyoming LLC? A Wyoming LLC is a limited liability company formed under the laws of Wyoming. Like LLCs in other states, a Wyoming LLC is a flexible business structure that combines liability protection with pass-through taxation, but Wyoming’s statutory framework offers additional tax and privacy benefits that many business owners find attractive.
Why would someone choose to form their LLC in Wyoming? Entrepreneurs and business owners often choose Wyoming because: (i) No state income tax on personal or corporate income; (ii) Strong privacy protections – member or manager names are not required on public filings; (iii) Low filing and maintenance costs relative to comparable states; and (iv) Flexible management structures (member-managed or manager-managed). Together, these features can make Wyoming a compelling choice for domestic and international owners alike.
Can a non-resident form a Wyoming LLC? Yes. Wyoming does not require LLC members or managers to be U.S. residents or to be physically located in Wyoming. Non-residents may form and own a Wyoming LLC, subject only to federal requirements and ongoing compliance obligations.
What are the basic formation requirements? To form a Wyoming LLC you must: (1) Select a unique business name that complies with Wyoming naming rules; (2) Appoint a Wyoming registered agent with a physical address in the state; (3) File Articles of Organization with the Wyoming Secretary of State; and (4) Pay the state’s filing fee. An operating agreement, while not required by statute, is strongly recommended to document ownership and governance.
How much does it cost to form and maintain a Wyoming LLC? Initial filing fee: Typically around $100 for the Articles of Organization.
Annual report fee: Generally around $60 or more depending on Wyoming asset values.
Registered Agent fee: Generally between $40 and $120 depending on the service.