Start a Free LLC in Wyoming
LLC Register forms your free Wyoming LLC, serves as your Wyoming registered agent and keeps your LLC in good standing. Wyoming charges $100 to file the Articles of Organization with the Wyoming Secretary of State.

Wyoming LLC
- Wyoming LLC Formation
- Free
- Wyoming LLC Name Search
- Free
- Wyoming Registered Agent
- $99 per year
- Annual Compliance
- Free
- Wyoming State Filing Fee
- $100
Transparent Cost Guide to Form a Wyoming LLC with LLC Register
Every fee, line by line. The state fee is passed through at cost; there is nothing else to add at checkout.
| Cost item | LLC Register fee | Wyoming state fee | Estimated total | One-time or annual |
|---|---|---|---|---|
Wyoming LLC name search | $0 | $0 | $0 | Free |
Wyoming LLC business name generator | $0 | $0 | $0 | Free |
Wyoming LLC formation (articles of organization) | $0 | $0 | $0 | Free |
Wyoming registered agent | $99 | $0 | $99 | Annual |
Wyoming LLC compliance (annual report) | $0 | $60 | $60 | Annual |
Wyoming state filing fee | $0 | $100 | $100 | One-time |
Wyoming LLC formation and annual compliance are included with the $99 annual registered agent service. You also pay the $100 state filing fee required by the Wyoming Secretary of State. That makes $199 in year one, and renewal is $99 per year, plus the $60 Annual Report (with Annual Report License Tax) fee paid to the state at cost.
Comprehensive 10-Step Guide to Form a Wyoming LLC
From the name search to your first annual report, in the order you will do them.
Step 1 — Choose a compliant Wyoming LLC name
Your Wyoming LLC name must include "Limited Liability Company" or an abbreviation such as "LLC", "L.L.C." or "LC". It must be distinguishable from every other name on record with the Secretary of State; entity designators, punctuation, spacing and words like "the" or "and" are disregarded. Check that your name is available with the free Wyoming Secretary of State business name search before you file.
Name reservation: for $60; the reservation lasts 120 days
Step 2 — Select a registered agent in Wyoming
Every Wyoming LLC must name a registered agent to receive legal papers and state mail. Your registered agent must be at least 18, a Wyoming resident (or a business entity authorized to transact business in Wyoming), and have a physical Wyoming street address, not a P.O. box, drop box or mail-forwarding address. The agent must sign a Consent to Appointment. LLC Register's Wyoming registered agent service is $99 a year and includes LLC formation and annual report filing.
Required by the Wyoming Limited Liability Company Act (W.S. 17-29-101 through 17-29-1105)
Step 3 — Decide how the Wyoming LLC will be managed
Member-managed LLCs are run by their owners; manager-managed LLCs appoint managers to run the business. You choose the structure when you file the Articles of Organization and set the details in your operating agreement.
Member-managed or manager-managed
Step 4 — File the Articles of Organization with the Wyoming Secretary of State
Submit the Articles of Organization (Form LLC-ArticlesOrganization) and pay the $100 state filing fee. You can file online through WyoBiz, or by mail with the paper Articles of Organization. Online filings are active as soon as you file. Paper filings take up to 15 business days and are processed in the order received. We prepare and file it for you.
State fee: $100 · File online: WyoBiz online business filing
Step 5 — Create an LLC operating agreement
Wyoming does not require an operating agreement, and you never file one with the state. It can be oral, implied or written, even for a single-member LLC. Ours is included and ready to sign.
Included with LLC Register
Step 6 — Obtain an EIN or FTIN
Get your federal Employer Identification Number from the IRS. It is free, and applying online gives you the number right away. You need it to hire employees, open a business bank account and file federal taxes; owners without a Social Security number apply with Form SS-4.
Free from the IRS · Form SS-4
Step 7 — Open a business banking account
Keep business and personal money apart to protect your limited liability. Banks usually ask for your filed Articles of Organization, your EIN and your operating agreement.
Bring your formation document, EIN and operating agreement
Step 8 — Register for Wyoming taxes, permits and licenses
If you sell taxable goods or services, register for a Sales/Use Tax License with the Department of Revenue's Excise Tax Division. Before you hire, register with the Department of Workforce Services through WYUI for both unemployment insurance and workers' compensation. Check with your city and county for local business licenses.
Tax agency: Wyoming Department of Revenue
Step 9 — Consider other LLC documents
Such as a banking resolution, a Certificate of Existence/Evidence/Good Standing ($0), or foreign qualification if you operate in other states. If you use a brand name other than your LLC's legal name, file a Application for Registration of Trade Name.
Certificate: $0 · DBA: $100
Step 10 — Set reminders for annual compliance
Wyoming requires the Annual Report (with Annual Report License Tax) every year. It is due on the first day of your LLC's anniversary month every year. The first one is due on the first day of your LLC's anniversary month in the year after formation. We track the deadline and file it on time while your agent service is active.
State fee: $60 · Annual
Wyoming LLC Formation Facts Table
The official numbers, names and links for a Wyoming LLC, each checked against the state agency.
Wyoming LLC filing agency | Wyoming Secretary of State, Business Division |
|---|---|
Wyoming LLC formation document | Articles of Organization (Form LLC-ArticlesOrganization) |
Wyoming LLC filing fee | $100 |
Standard processing time | Online filings are active as soon as you file. Paper filings take up to 15 business days and are processed in the order received. |
Expedited filing | Not offered |
Wyoming online LLC filing | wyobiz.wyo.gov/Business/RegistrationInstr.aspx |
Wyoming LLC name search | swyftfilings.com/business-name-generator |
Name reservation | Available for $60; the reservation lasts 120 days |
Wyoming registered agent required | Yes |
Registered agent address rule | Your registered agent must be at least 18, a Wyoming resident (or a business entity authorized to transact business in Wyoming), and have a physical Wyoming street address, not a P.O. box, drop box or mail-forwarding address. The agent must sign a Consent to Appointment. |
Can you be your own registered agent | Yes |
Wyoming registered agent service | /registered-agent/wyoming |
Annual or biennial filing | Annual Report (with Annual Report License Tax), every year |
Annual report state fee | $60 |
First compliance deadline | On the first day of your LLC's anniversary month in the year after formation |
Recurring due date | On the first day of your LLC's anniversary month every year |
Late filing penalty | Your LLC becomes delinquent the day after the due month ends; if you still have not filed within 60 days, the state administratively dissolves it. Reinstatement then costs $100. |
Annual Report (with Annual Report License Tax) filing | wyobiz.wyo.gov/Business/AnnualReport.aspx |
Franchise or privilege tax | Wyoming has no franchise or privilege tax and no corporate income tax. The only recurring state charge is the annual report license tax: $60, or two-tenths of one mill on the dollar of your Wyoming assets, whichever is greater. |
State income tax on LLC profits | Wyoming has no individual or corporate income tax, so LLC profits pass through to members without any state income tax. |
Sales tax permit | Sales/Use Tax License (Sales/Use/Lodging Tax registration), issued by Wyoming Department of Revenue, Excise Tax Division |
Operating agreement required by law | No |
Newspaper publication required | No |
Series LLC allowed | Yes |
Professional LLC (PLLC) allowed | No |
Certificate of good standing fee | $0 (Certificate of Existence/Evidence/Good Standing) |
Foreign LLC registration fee | $150 (Limited Liability Company Application for Certificate of Authority) |
Amendment fee | $60 (Limited Liability Company Amendment to Articles of Organization) |
Dissolution fee | $60 (Limited Liability Company Articles of Dissolution) |
DBA (assumed name) filing | $100 (Application for Registration of Trade Name), filed with Wyoming Secretary of State (optional: Wyoming does not require a DBA to be registered) |
Wyoming LLC law | sos.wyo.gov/Forms/WyoBiz/Wyoming_Limited_Liability_Company_Act_and_Close_LLC_Supplement.pdf |
Free trademark search | trademarkengine.com/free-trademark-search |
Trademark registration | trademarkengine.com |
Virtual mailbox | snapmailbox.com |
Apply for an EIN (IRS) | irs.gov/businesses/small-businesses-self-employed/get-an-employer-identification-number |
Author: LLC RegisterLast reviewed 9/29/2026
Wyoming agency: Wyoming Secretary of StateLast reviewed 9/29/2026
Legal Requirements to Start a Wyoming LLC
What Wyoming law requires of every LLC, with the rule and the agency that enforces it.
A distinguishable LLC name
Your Wyoming LLC name must include "Limited Liability Company" or an abbreviation such as "LLC", "L.L.C." or "LC". It must be distinguishable from every other name on record with the Secretary of State; entity designators, punctuation, spacing and words like "the" or "and" are disregarded. Search the name for free with the Wyoming business name search before you file. You can reserve a name for $60; the reservation lasts 120 days. The rules come from the Wyoming Limited Liability Company Act (W.S. 17-29-101 through 17-29-1105).
A Wyoming registered agent
Every Wyoming LLC must appoint and keep a registered agent in Wyoming. Your registered agent must be at least 18, a Wyoming resident (or a business entity authorized to transact business in Wyoming), and have a physical Wyoming street address, not a P.O. box, drop box or mail-forwarding address. The agent must sign a Consent to Appointment. To change agents, file the Appointment of New Registered Agent and Office ($5). LLC Register's Wyoming registered agent service is $99 a year and includes LLC formation and annual report filing.
The Articles of Organization
Your LLC exists once the Wyoming Secretary of State accepts your Articles of Organization (Form LLC-ArticlesOrganization) and the $100 filing fee. You can file online through WyoBiz, or by mail with the paper Articles of Organization. Online filings are active as soon as you file. Paper filings take up to 15 business days and are processed in the order received.
An operating agreement
Wyoming does not require an operating agreement, and you never file one with the state. It can be oral, implied or written, even for a single-member LLC. Even where it is optional, a written operating agreement sets ownership, voting, profit splits and what happens when a member leaves, and banks often ask for one.
Annual Report (with Annual Report License Tax)
Wyoming requires every LLC to file the Annual Report (with Annual Report License Tax) every year for $60. It is due on the first day of your LLC's anniversary month every year. The first one is due on the first day of your LLC's anniversary month in the year after formation. Your LLC becomes delinquent the day after the due month ends; if you still have not filed within 60 days, the state administratively dissolves it. Reinstatement then costs $100.
State taxes and licenses
Wyoming has no franchise or privilege tax and no corporate income tax. The only recurring state charge is the annual report license tax: $60, or two-tenths of one mill on the dollar of your Wyoming assets, whichever is greater. Wyoming has no individual or corporate income tax, so LLC profits pass through to members without any state income tax. If you sell taxable goods or services, register for a Sales/Use Tax License with the Department of Revenue's Excise Tax Division. See the Wyoming Department of Revenue for registrations.
Wyoming LLC Company Cost Comparison
Published prices for forming and keeping a Wyoming LLC, compared line by line.
| What you pay for | LLC Register | LegalZoom | ZenBusiness |
|---|---|---|---|
LLC formation service | $0 | $0 | $0 |
Wyoming filing fee | $100 | $100 | $100 |
Registered agent, first year | $99 | $249 | $99 |
Annual report filing | $0 | $99 | $100 |
First-year total | $99 + state fee | $249 + state fee | $99 + state fee |
Registered agent renewal | $99 per year | $249 per year | $199 per year |
Competitor prices are for each company's lowest-priced LLC package, as published on its own website on September 29, 2026. The Wyoming state fee is extra with every provider. Prices change; check each provider before you buy.
Why Form Your Wyoming LLC with LLC Register
One price, the whole bill up front, and your LLC kept in good standing every year.
$99 a year. That is the whole price.
The same $99 at renewal, every year. No tiers to compare and nothing pre-checked at checkout.
Formation included
We prepare and file your Articles of Organization with the Wyoming Secretary of State. You pay only the $100 state fee, at cost.
A Wyoming registered agent
A physical Wyoming address for legal and state mail, with scans sent to you the same day.
Your annual compliance, handled
We track the Wyoming deadlines and file your Annual Report (with Annual Report License Tax) on time while your agent service is active.
Every fee shown before you pay
The cost guide above is the bill. State fees are passed through at cost and never marked up.
Support by email
Real people answer your questions by email, before and after your Wyoming LLC is formed.
Important Wyoming LLC Resources and Links
Official Wyoming offices, forms and data in one place. Every link goes to the source.
State government offices
Filing, forms and records
- Online LLC filingwyobiz.wyo.gov
- Business name searchwyobiz.wyo.gov
- Articles of Organization (Form LLC-ArticlesOrganization) formsos.wyo.gov
- Certificate of Existence/Evidence/Good Standingwyobiz.wyo.gov
- Annual Report (with Annual Report License Tax) filingwyobiz.wyo.gov
- Foreign LLC registration (Limited Liability Company Application for Certificate of Authority)sos.wyo.gov
- DBA (Application for Registration of Trade Name)sos.wyo.gov
- Wyoming Limited Liability Company Act (W.S. 17-29-101 through 17-29-1105)sos.wyo.gov
Taxes, permits and licenses
Wyoming business data and help
- Population and demographicsU.S. Census Bureau QuickFacts, Wyoming
- Small business statisticsSBA Office of Advocacy, 2025 state small business profiles
- Wyoming Small Business Development Center Networkwyomingsbdc.org
- U.S. Small Business Administrationsba.gov
- SBA local assistanceFind SBA offices and advisors near you in Wyoming
More official Wyoming resources
- Commercial registered agentsSecretary of State roster and rules for Wyoming commercial registered agents.
- Business formsSecretary of State fillable PDF forms for LLCs and other entities.
- Filing fee scheduleCurrent Business Division fees, effective July 1, 2026.
- Expedited filing serviceHow to request same-day ($1,400) or next-business-day ($700) processing for eligible paper filings.
- Trade names and trademarksSecretary of State information on registering a trade name or trademark.
- Excise tax FAQsDepartment of Revenue answers on sales and use tax licensing and filing.
- WYUI employer portalRegister as an employer for unemployment insurance and workers' compensation.
- Wyoming Business CouncilThe state's economic development agency: financing, programs and business resources.
Wyoming LLC FAQs
Short questions, direct answers about forming and running an LLC in Wyoming.
How much does it cost to start an LLC in Wyoming?
Per the Wyoming Secretary of State, as of September 2026, Wyoming charges $100 to file the Articles of Organization. After that, the Annual Report (with Annual Report License Tax) costs $60 every year. With LLC Register, formation is included in the $99-a-year Wyoming registered agent service, so year one costs $199.
How long does it take to form an LLC in Wyoming?
Online filings are active as soon as you file. Paper filings take up to 15 business days and are processed in the order received. Wyoming does not offer paid expedited processing for LLC formations. Your LLC exists once the state accepts your filing.
How do I start an LLC in Wyoming?
To start an LLC in Wyoming, choose an available name, appoint a Wyoming registered agent, and file the Articles of Organization with the Wyoming Secretary of State for $100. Then sign an operating agreement, get a free EIN from the IRS, open a business bank account and register for any state taxes. LLC Register files it for you as part of the $99-a-year registered agent service.
Can I form an LLC online in Wyoming?
Yes. You can file online through WyoBiz, or by mail with the paper Articles of Organization. The Articles of Organization costs $100.
What is the Wyoming LLC formation document called?
In Wyoming you form an LLC by filing the Articles of Organization (Form LLC-ArticlesOrganization) with the Wyoming Secretary of State. Other states call this document the articles of organization or the certificate of formation. The filing fee is $100.
Is there an expedited LLC filing option in Wyoming?
No. Wyoming does not offer paid expedited processing for LLC formations. Online filings are active as soon as you file. Paper filings take up to 15 business days and are processed in the order received.
How do I do a Wyoming LLC name search?
Use the Wyoming Secretary of State's free online business name search to check whether your LLC name is available. Your Wyoming LLC name must include "Limited Liability Company" or an abbreviation such as "LLC", "L.L.C." or "LC". It must be distinguishable from every other name on record with the Secretary of State; entity designators, punctuation, spacing and words like "the" or "and" are disregarded.
What are the Wyoming LLC name requirements?
Your Wyoming LLC name must include "Limited Liability Company" or an abbreviation such as "LLC", "L.L.C." or "LC". It must be distinguishable from every other name on record with the Secretary of State; entity designators, punctuation, spacing and words like "the" or "and" are disregarded. The rules are set by the Wyoming Limited Liability Company Act (W.S. 17-29-101 through 17-29-1105).
Can I reserve an LLC name in Wyoming?
Yes. You can reserve a name for $60; the reservation lasts 120 days. A reservation is optional; filing the formation document also secures the name.
Do I need a registered agent for my Wyoming LLC?
Yes. Every Wyoming LLC must have a registered agent. Your registered agent must be at least 18, a Wyoming resident (or a business entity authorized to transact business in Wyoming), and have a physical Wyoming street address, not a P.O. box, drop box or mail-forwarding address. The agent must sign a Consent to Appointment.
Can I be my own registered agent in Wyoming?
Yes. A member or manager who is a Wyoming resident and at least 18 can serve as the LLC's registered agent if they consent to the appointment. Your address becomes public record, and someone must be there during business hours to accept legal papers.
Can I use a PO box for my Wyoming LLC?
Not as your registered agent's address. Your registered agent must be at least 18, a Wyoming resident (or a business entity authorized to transact business in Wyoming), and have a physical Wyoming street address, not a P.O. box, drop box or mail-forwarding address. The agent must sign a Consent to Appointment. A PO box can usually serve as a mailing address, but the registered agent needs a physical address in Wyoming.
How do I change my registered agent in Wyoming?
File the Appointment of New Registered Agent and Office with the Wyoming Secretary of State. The fee is $5.
How much does a registered agent cost in Wyoming?
Serving as your own Wyoming registered agent is free if you qualify. Commercial registered agents charge a yearly fee. LLC Register's Wyoming registered agent service is $99 a year and includes LLC formation and annual report filing.
Does Wyoming require an annual report for LLCs?
Yes. Wyoming LLCs must file the Annual Report (with Annual Report License Tax) every year. The state fee is $60.
When is the Wyoming LLC annual report due?
The Annual Report (with Annual Report License Tax) is due on the first day of your LLC's anniversary month every year. Your first one is due on the first day of your LLC's anniversary month in the year after formation. It is filed with the Wyoming Secretary of State.
How much is the Wyoming LLC annual report fee?
Per the Wyoming Secretary of State, as of September 2026, the Annual Report (with Annual Report License Tax) state fee is $60. It is due on the first day of your LLC's anniversary month every year. LLC Register files it for you at no extra service fee while your registered agent service is active.
What happens if I miss the Wyoming annual report deadline?
Your LLC becomes delinquent the day after the due month ends; if you still have not filed within 60 days, the state administratively dissolves it. Reinstatement then costs $100. File as soon as possible to keep your LLC in good standing.
Does Wyoming have a franchise tax for LLCs?
Wyoming has no franchise or privilege tax and no corporate income tax. The only recurring state charge is the annual report license tax: $60, or two-tenths of one mill on the dollar of your Wyoming assets, whichever is greater.
How are LLCs taxed in Wyoming?
Wyoming has no individual or corporate income tax, so LLC profits pass through to members without any state income tax. Federally, a single-member LLC is taxed like a sole proprietorship and a multi-member LLC like a partnership, unless it elects to be taxed as a corporation.
Do I need a sales tax permit for my Wyoming LLC?
If you sell taxable goods or services, register for a Sales/Use Tax License with the Department of Revenue's Excise Tax Division.
How do I register my Wyoming LLC as an employer?
Before you hire, register with the Department of Workforce Services through WYUI for both unemployment insurance and workers' compensation. You also need an EIN from the IRS before you run payroll.
Do I need a business license for my Wyoming LLC?
It depends on your industry and location: Wyoming regulates some professions and activities through state licenses, and many cities and counties require local business licenses. Start with the State of Wyoming business resources (wyo.gov).
Do I need an operating agreement for a Wyoming LLC?
Wyoming does not require an operating agreement, and you never file one with the state. It can be oral, implied or written, even for a single-member LLC. LLC Register includes an operating agreement with every Wyoming LLC it forms.
Do I need an EIN for my Wyoming LLC?
You need an EIN if your LLC has employees or more than one member, and most banks ask for one to open a business account. A single-member LLC without employees can use the owner's Social Security number for federal taxes, but an EIN keeps it off business paperwork.
How do I get an EIN for a Wyoming LLC?
Apply for free on the IRS website once the state has approved your LLC; online applicants receive the EIN immediately. Owners without a Social Security number can apply with Form SS-4 by fax or mail.
Can a nonresident form an LLC in Wyoming?
Yes. You do not have to live in Wyoming or be a U.S. citizen to form a Wyoming LLC. You do need a registered agent with a physical address in Wyoming. Non-U.S. owners without a Social Security number apply for an EIN with IRS Form SS-4.
Can I form a single-member LLC in Wyoming?
Yes. Wyoming allows an LLC with a single owner. By default the IRS taxes a single-member LLC like a sole proprietorship, reported on the owner's personal return.
Does Wyoming allow series LLCs?
Yes. Yes. Wyoming allows series LLCs for $10 per series designated or established.
Can licensed professionals form a PLLC in Wyoming?
No. Wyoming has no separate professional LLC entity, but licensed professionals can practice through a regular LLC if their licensing statute allows it; licensed members and employees stay personally liable for their own professional acts.
Does Wyoming require LLCs to publish a formation notice?
No. Wyoming does not require newspaper publication to form an LLC.
How do I get a certificate of good standing in Wyoming?
Order a Certificate of Existence/Evidence/Good Standing from the Wyoming Secretary of State for $0. Banks, lenders and other states often ask for one as proof your LLC is current with the state.
How do I register a foreign LLC in Wyoming?
An LLC formed in another state registers to do business in Wyoming by filing the Limited Liability Company Application for Certificate of Authority with the Wyoming Secretary of State. The fee is $150, and the LLC needs a Wyoming registered agent.
How do I amend my Wyoming LLC?
File the Limited Liability Company Amendment to Articles of Organization with the Wyoming Secretary of State for $60. Amend when you change your LLC's name or other information in the formation document.
How do I dissolve an LLC in Wyoming?
File the Limited Liability Company Articles of Dissolution with the Wyoming Secretary of State for $60. Before you file, wind up the business: pay debts, close tax accounts and distribute what is left to the members.
How do I file a DBA for my Wyoming LLC?
Registering a trade name with the Secretary of State is optional in Wyoming and costs $100 if you choose to file one. A DBA lets your LLC trade under another name without forming a new company.
Can my Wyoming LLC be taxed as an S corporation?
Yes. An eligible LLC can elect S corporation tax status by filing IRS Form 2553. The election can reduce self-employment tax once profits are high enough to pay yourself a reasonable salary. Wyoming has no individual or corporate income tax, so LLC profits pass through to members without any state income tax.
What are the benefits of forming an LLC in Wyoming?
An LLC separates your personal assets from business debts and lawsuits, keeps pass-through taxation, and needs less paperwork than a corporation. In Wyoming it costs $100 to form and the Annual Report (with Annual Report License Tax) is $60 every year.
LLC vs sole proprietorship in Wyoming: which is better?
A sole proprietorship costs nothing to start, but you are personally liable for the business's debts. A Wyoming LLC costs $100 to form and protects your personal assets, with the same pass-through taxes by default.
Why do people form LLCs in Wyoming from other states?
Wyoming has no state income tax, no franchise tax and no corporate income tax. Filing online makes your LLC active immediately; the state does not offer expedited service for formation because it is already instant.
Does LLC Register charge a separate fee to form a Wyoming LLC?
No. Formation is included in the $99-a-year Wyoming registered agent service. The state still charges its $100 filing fee, which we pass through at cost.
What does LLC Register include with a Wyoming LLC?
For $99 a year plus the $100 state fee: Wyoming LLC formation in year one, a Wyoming registered agent, an operating agreement, and filing of your Annual Report (with Annual Report License Tax) every year. Renewal is $99 a year. State fees are passed through at cost.
Does my Wyoming LLC need to file a BOI report with FinCEN?
No. FinCEN has exempted companies created in the United States from beneficial ownership information (BOI) reporting. Only foreign companies registered to do business in a U.S. state still have to report.
Which state agency handles LLC filings in Wyoming?
The Wyoming Secretary of State, Business Division, handles LLC formations, amendments and annual filings. Its office is at Herschler Building East, Suite 101, 122 W 25th Street, Cheyenne, WY 82002-0020.
Do I need a separate bank account for my Wyoming LLC?
Yes, you should. Mixing business and personal money can weaken the liability protection your LLC gives you. Banks usually ask for your filed Articles of Organization, your EIN and your operating agreement.
Complete Wyoming LLC Glossary
The terms, documents and filings you will meet when forming a Wyoming LLC.
Annual report
A recurring filing that keeps your LLC in good standing with the state. In Wyoming it is the Annual Report (with Annual Report License Tax), due on the first day of your LLC's anniversary month every year.
Articles of Organization
The document filed with the state to create an LLC. Some states call it a Certificate of Formation; in Wyoming it is the Articles of Organization.
Assumed name (DBA)
A trade name your LLC uses instead of its legal name. In Wyoming you file a Application for Registration of Trade Name.
Banking resolution
A document authorizing who may open and run the LLC's bank accounts.
Certificate of good standing
Proof from the state that your LLC exists and is current on its filings and fees. In Wyoming it is the Certificate of Existence/Evidence/Good Standing.
Dissolution
Formally closing an LLC with the state. In Wyoming you file the Limited Liability Company Articles of Dissolution.
EIN
Employer Identification Number: the nine-digit federal tax ID the IRS issues to a business.
Foreign qualification
Registering an LLC formed in another state so it can do business in Wyoming, through the Limited Liability Company Application for Certificate of Authority.
Franchise tax
A state tax some states charge for the privilege of doing business there. Wyoming has no franchise or privilege tax and no corporate income tax. The only recurring state charge is the annual report license tax: $60, or two-tenths of one mill on the dollar of your Wyoming assets, whichever is greater.
Limited liability
The legal protection that keeps the owners' personal assets separate from the LLC's debts and lawsuits.
Manager-managed LLC
An LLC run by appointed managers rather than by all of its members.
Member
An owner of an LLC. An LLC can have one member or many, and members can be people or companies.
Member-managed LLC
An LLC run directly by its owners, the members.
Operating agreement
The internal contract that sets out an LLC's ownership, voting, profits and what happens when a member leaves.
Pass-through taxation
The default federal tax treatment of an LLC: profits pass to the owners' personal returns instead of being taxed at the company level.
Professional LLC (PLLC)
An LLC for licensed professionals such as doctors, lawyers or accountants. Not offered as a separate entity in Wyoming.
Registered agent
The person or company with a physical Wyoming address named to receive legal papers and state mail for the LLC.
S corporation election
A federal tax election, made on IRS Form 2553, that lets an eligible LLC be taxed as an S corporation.
Series LLC
An LLC divided into separate series, each with its own assets and liabilities. Allowed in Wyoming.
Single-member LLC
An LLC with one owner. By default the IRS taxes it like a sole proprietorship.
Wyoming Limited Liability Company Act (W.S. 17-29-101 through 17-29-1105)
The Wyoming law that governs how LLCs are formed, run and dissolved.
