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Forming an LLC in Wyoming
Forming an LLC in Wyoming is quite undemanding and hiring an attorney is optional. It is however advisable to let an attorney check the Operating Agreement before it gets adopted, because flawed Operating Agreements have caused IRS problems for LLC’s in the past. If you prefer to stay away from the paperwork altogether, you can contact an incorporation company and have them form an LLC for you.
Forming an LLC in Wyoming in 5 easy steps
- The first thing to do is to select a permissible name for the LLC. The name must contain a so called LLC identifier, which means that you must add “Limited Liability Company”, “Ltd Liability Company”, “LLC” or similar to the name. You must also make sure that the name is not already taken by another LLC. Violating trademarks is naturally not allowed.
- Secondly, you should file the Articles of Organization at the state filing office in Wyoming.
- When the Articles of Organization has been filed, the next step is to hold an organizational meeting where the members of the LLC adopt an Operating Agreement.
- The fourth step involves getting a Federal Employer Identification Number (FEIN) for the LLC and opening up a company bank account.
- During the last step, the LLC must apply for a local business license from each city (or county) in which it wishes to conduct business.
Important facts to take into consideration before forming an LLC in Wyoming
- In Wyoming, the minimum filing fee for LLC’s is $103.00. (For 15 business days.)
- The Annual Report is due on the first day of the month of initial filing. The Annual Report fee is $50.00.
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