If you are considering forming an LLC (Limited Liability Company) in Wyoming, it helps to have an overview of the rules. This will help you decide whether Wyoming is the right formation state for you, and help speed you through the formation process if you opt for a Wyoming LLC.
Naming your Wyoming LLC
In Wyoming, an LLC’s name must include words “Limited Liability Company,” or its abbreviations “LLC,” “L.L.C.,” “Limited Company,” “LC,” “L.C.,” “Ltd. Liability Company,” “Ltd. Liability Co.,” or “Limited Liability Co.” A low-profit LLCs must indicate that status in its name. The name of the LLC may not contain language implying a different purpose from the purpose or purposes in the Articles of Organization. The name shall not be the same as or similar to the name of any domestic or foreign LLC, trade name, trademark or service mark registered in this state, corporation, statutory trust company, limited partnership or other business entity.
Member/Manager information
The following are Wyoming’s requirements for the members/managers of LLCs:
- Minimum number. The LLC must have at least one member.
- Residence requirements. Wyoming does not have a provision specifying where members and managers must reside.
- Age requirements. Wyoming does not have age requirements for members or managers.
- Inclusion in the Articles of Organization. Member or manager names and addresses are not required to be listed in the Articles of Organization.
Requirements for the Articles of Organization
You form a WY LLC by filing Articles of Organization and paying the required fee. The information required in the formation document varies by state. Wyoming's requirements include:
- The name of the LLC
- Whether the LLC is electing to be a “Close Limited Liability Company”
- The name and physical address of the LLC’s Registered Agent
- The Registered Agent’s consent to serve
- The LLC’s mailing address
- The LLC’s principal address
- The name, address and signature of each organizer
- An email address for the LLC to receive notices from the Secretary of State
Registered Agent
Every Wyoming LLC must have an in-state Registered Agent. The agent’s name and the physical, street address in Wyoming must be listed in the Articles of Organization. A post office is not acceptable as the Registered Agent’s address. Wyoming also requires that the Registered Agent consent to the appointment. An original and one photocopy of the consent must be submitted when the Articles are filed.
Professional services businesses
Wyoming does not have a Professional Limited Liability Company statute, but it allows professionals, such as accountants, attorneys, and physicians, to form a regular LLC.
