If you already have an LLC in another state and want an LLC in Wyoming, then starting an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in Wyoming.
On this page, you’ll learn about the following:
- Forming a Wyoming Foreign LLC
- Steps to Filing Wyoming Foreign LLC Online
- After Forming Wyoming Foreign LLC
Forming a Wyoming Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in Wyoming, you need to register it with the Wyoming Secretary of State.
Step 1: Choose Wyoming Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the Wyoming Secretary of State. Your LLC’s legal name outside of Wyoming will be listed on the application, along with the name it will use in Wyoming. Take note of the requirements for naming your LLC.
Step 2: Select Wyoming Foreign LLC Registered Agent
You’ll need a registered agent to form a foreign LLC in Wyoming and take note that a Wyoming registered agent must have a local address. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries:
Step 3: File Registration of Wyoming Foreign LLC
Fill out and submit a Foreign LLC Application for Registration form via email to [email protected] or by mail to Wyoming Secretary of State Herschler Building East, Suite 101, 122 W 25th Street, Cheyenne, WY 82002-0020.
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in Wyoming.
- Date when your LLC will start operations in Wyoming.
- Credit card information on the last page of the form for the $150 application fee.
The LLC cost in Wyoming, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your Wyoming Foreign LLC is taxed
Foreign LLCs are also subjected to the Wyoming Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Steps to Filing Wyoming Foreign LLC Online
Time needed: 5 minutes.
When you are registering for the foreign LLC in the State of Wyoming, you will have to submit your Application for Registration of foreign LLC with the Secretary of State which costs $100. After approval, you will receive a Verification Certificate from the State Office. We have explained the aspects you need to cover when you apply for Wyoming Foreign LLC.
The State of Wyoming does not offer the online filing option for Foreign Business LLCs. One can apply by mailing the Application for Registration to the State office.
- Go to the official State of Wyoming Website
Any foreign entity is not permitted to transact business in the State until it gets a Certificate of Authority from the Secretary of State office. Visit the Official Secretary of State website to learn more about filings and forms.
- Select Out-of-State Limited Liability Company (LLC)
On the page, scroll down to the heading ‘Applying for a Foreign Certificate of Authority’ and click on “Out-of-State Limited Liability Company (LLC)”.
- Fill out the Application form
The Application for Certificate of Authority for a Foreign LLC opens us. Read the instructions before filling out the form with accurate and correct information.
- Certificate of Existence/Good Standing
The application must be accompanied by an original certificate of existence/good standing issued within 60 days of filing in Wyoming, issued by an authorized person in the State where the LLC was originally registered.
- Details about Registered Agent
In the next part of the form, you are also required to provide information about your Registered Agent appointed in the State.
- Review the information
Cross-check the information filled in the application form.
- Make the payment
Proceed to make the payment of $150 in the name of the Wyoming Secretary of State.
- Submit the application
Attach all the documents, along with the name reservation form and filing fee, and submit it to the following address: Wyoming Secretary of State Herschler Building East, Suite 101 122 W 25th Street Cheyenne, WY 82002-0020.
After Forming Wyoming Foreign LLC
Here are added things you need to accomplish after forming your Wyoming Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
It is convenient plus easy to file for the foreign LLC if you are doing it online. The steps are very easy and that’s why it’s possible to go along with the steps and form the foreign LLC in Wyoming.
How Much Does It Cost to Register a Foreign LLC in Wyoming
To register as a foreign LLC in Wyoming, you can file through mail by paying a filing fee of $100 to the Wyoming Secretary of State.
If you want to register a foreign LLC in Wyoming, you will need to get some form of certification. This is an official document from the state that shows you are a legitimate business. The document can be obtained from the Secretary of State in your home state or from the Secretary of State in Wyoming. However, you must be sure that the certificate you purchase is a genuine one.
Another requirement is to file an annual report with the state. An annual report is a legal document that must be filed in paper form. It should be filed by the first day of the month that the business was founded. Typically, you will have to pay an annual license tax of about $50. In some cases, you can pay the tax by mail or online.
Another required step is to find a registered agent in Wyoming. You can either choose a local company or you can opt to go with a commercial registered agent. Commercial registered agents represent several companies from one office. They can provide a business address for your foreign LLC as well as be available during normal business hours. For a small fee, you can choose to prepay for this service.
There are also various permits and licenses that your Wyoming LLC may need to acquire. These may include an Employer Identification Number, which is used by the Internal Revenue Service. Your business will also have to pay sales and self-employment taxes. Depending on your company’s needs, you may have to pay additional fees.
You will also need to prepare a Certificate of Good Standing. Similar to the Certificate of Authority, this is an official document issued by the Secretary of State in your home state. Unlike the former, the Certificate of Good Standing can be purchased for as little as $5. You must however remember to keep the certificate up to date. The Certificate of Good Standing must be a current document, or it will expire after 60 days.
To register a foreign LLC in Wyoming, you must fill out an Application for Certificate of Authority. This form is available for download from the Secretary of State’s website. Fill out the form and submit it to the Secretary of State. You must be sure to include the following information: the duration of your LLC, its name, and its legal address.
In addition to filing the Application for Certificate of Authority, you will need to pay the Articles of Organization and the annual fee. These costs are about $100 in the case of a for-profit corporation and about $150 in the case of a non-profit corporation. Some optional expenses are also incurred by a Wyoming LLC, including fees for amending the Articles of Organization.
Lastly, you must file an annual report with the Secretary of State. The annual report is an official document that must be filed by the first day of the month. When filing an annual report in Wyoming, you can choose to pay the tax by mail or online.
If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in Wyoming.
Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.
A domestic LLC is a company registered in Wyoming as an LLC. The entity type that has a physical presence in another state is a foreign LLC.
Starting a foreign LLC in Wyoming does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.