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.
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
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.
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.
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.