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.
To register a foreign LLC in Wyoming, you must first obtain a Certificate of Authority from the Secretary of State. This process is simple, but it will require some paperwork and evidence that your business is in good standing. Good standing includes paying taxes and filing all necessary filings on time. The Secretary of State should process your application within 10 days, so it is important to file on time.
Once you’ve completed the initial steps, you must now choose a Registered Agent. This can be an individual, business, or other entity that has a physical address in Wyoming. This agent must be available during regular business hours and be able to accept legal documents on behalf of the business. They also must maintain records of all companies they represent.
When choosing a registered agent in Wyoming, you should look into the types of registered agents available in your state. There are companies that will act as a registered agent and handle all correspondence for a fee. If you’re based out of Wyoming, you can use a commercial registered agent, which is a registered office that represents many companies. These registered agents are usually available during business hours, and will keep your personal address out of public records. Commercial registered agents can also serve as the office address for foreign LLCs that don’t have a physical address in Wyoming.
Before you can register a foreign LLC in Wyoming, you need to make sure it meets all the state requirements. Some states require an additional license or permit. Wyoming is no exception. You must also publish a statement of formation in the local newspaper. Publishing the statement will cost an additional $40 to $2000.
Wyoming business entity laws do not clearly define “transacting business” in relation to foreign company registration. Wyoming’s business entity laws focus on collecting sales taxes and require foreign companies to establish a physical presence. Internet sales may not qualify as physical presence, however. In addition, foreign companies must have a sales representative in the state.
The operating agreement is not required in Wyoming, but it is recommended. An operating agreement can simplify the running of your business. It also helps preserve your limited liability. A proper operating agreement will prevent conflicts from arising once you have fully formed your business. You should consider an EIN service if you are not sure how to create one.
Foreign LLCs must be registered with the Secretary of State. This registration will give you your business a Certificate of Authority and allow you to conduct business in Wyoming. However, this registration process is not cheap. The costs involved will vary greatly depending on the complexity and the purpose of your business.
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.