Wyoming Foreign LLC – Qualification and Registration

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. 

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. 

Check name availability at Wyoming’s business entity names and reserve your LLC name.

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

After Forming Wyoming Foreign LLC

Here are added things you need to accomplish after forming your Wyoming Foreign LLC

1. Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
2. File LLC annual reports and Business Privilege Tax.
3. 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.

Setting up a limited liability company in Wyoming is a great way to secure your business’s assets and protect your personal finances. But before you can move forward with the process, you need to understand the cost of registering a foreign LLC in Wyoming.

The process of registering a foreign LLC in Wyoming, or any other state, involves a few different steps and associated fees. Before you begin, it’s important to understand the costs associated with each step.

First, you’ll need to file a Certificate of Authority to transact business in Wyoming. This is a simple form that can be completed and filed online. The filing fee for this application is $100. Once your Certificate of Authority is approved, you’ll need to obtain a Certificate of Good Standing from your home state. This document certifies that your LLC is in good standing in its home state. The cost for this document varies, but it’s typically between $25 and $50.

You’ll also need to obtain a Wyoming registered agent. This is a person or company that will accept legal documents on behalf of your LLC. The cost of a registered agent varies, but most charge a one-time fee of around $50.

Finally, you’ll need to pay an annual franchise tax in Wyoming. This tax is based on the total assets of your LLC and can range from $50 to $750.

In total, it costs approximately $225 to register a foreign LLC in Wyoming. This cost covers the filing fee, the cost of obtaining a Certificate of Good Standing, the cost of a registered agent, and the cost of the annual franchise tax.

In addition to these costs, you may also incur additional fees for services such as legal advice or assistance with setting up your business. You should factor these costs into your overall budget when determining the cost of registering a foreign LLC in Wyoming.

Overall, registering a foreign LLC in Wyoming is a relatively simple and affordable process. The total cost is approximately $225, but this fee can vary depending on the services you need. Taking the time to understand the process and the associated costs will help you make a more informed decision and ensure that you’re prepared to move forward with the registration process.

F.A.Qs

In Conclusion

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.