Introduction
If you own an LLC that is not located in Wyoming and wish to do business in Wyoming, you must establish it as a foreign Wyoming LLC. This is done by submitting an Application for Certificate of Authority. We are going to discuss about “How to register a foreign LLC in Wyoming and Benefits of foreign LLC Registration in Wyoming” in this article today.
Foreign LLC Registration in Wyoming
Wyoming foreign limited liability companies (LLCs) do business in Wyoming but were established in another state or jurisdiction. You must submit an Application for Certificate of Authority to the Secretary of State of Wyoming and pay a filing fee of $150 in order to register a foreign LLC in Wyoming. Wyoming state statutes do not clearly define doing business, but any out-of-state LLC having property in the state or making taxable sales to Wyoming citizens should register as a foreign LLC. Your LLC should be registered as a Wyoming Foreign LLC if it pays wages to employees there, offers on contracts there, or applies for a professional license there.
How to registered a foreign LLC in Wyoming?
1. Good Standing Certificate
You must submit a Certificate of Existence from your place of residence state — the nation in which your LLC first formed — to the Wyoming Secretary of State. The necessary document, which is usually referred to as a Certificate of Status or Certificate of Good Standing, may go by a different name in your native state. These records confirm that your LLC was established and is still in operation in your home state. Your completed Wyoming Certificate of Authority must include this document. For a price ranging from $0 to $50, a Certificate of Existence can be obtained online in several states.
2. Certificate of Authority for Wyoming LLC
A Wyoming LLC Application for Certificate of Authority is the legal document that the Secretary of State’s office will use to register your Foreign LLC.
When completing the Certificate of Authority, you must choose a Wyoming registered agent to accept service of process inside the state. The physical address of the registered agent must be in Wyoming. The following details must be provided for the Wyoming Certificate of Authority:
- Name of the LLC (Limited Liability Company)
- Nation or state of residence
- Date your LLC was established
- The duration of the LLC’s existence (the most likely response is “perpetual”).
- Wyoming registered agent’s name and address, LLC’s postal address, and mail address.
- The effective date of the filing
- Date the LLC began operating in Wyoming
3. Obtain your registered agent’s approval and signature.
The registered agent consent form must be signed by your registered agent in Wyoming before they will accept the appointment. We will right away set up an online account for you with a Foreign Limited Liability Company if you appoint us as your Wyoming registered agent. You already have the registered agent details filled in.
4. Send the required documents to start an LLC in Wyoming
Attach your completed Foreign LLC Application for Certificate of Authority to the certificate of existence or good standing issued by your home state. The certificate needs to be genuine. Mailing foreign registration documents to the Wyoming Secretary of State is a must.
Benefits of a foreign LLC registration in Wyoming
- LLCs operating in Wyoming are not subject to state taxes.
- The reporting and disclosure of essential business information is subject to restricted obligations.
- Wyoming has a liberal approach to capitalization, shareholders, directors, and corporate shares.
- A corporation or an LLC can be registered in Wyoming even without having a physical location there.
- Additionally, shareholders, officers, and directors are not required to have a Wyoming residency permit.
Summary
The establishment of a foreign LLC in Wyoming has several benefits, including unmatched restricted liability protection, fewer corporate formalities, no collection of state income taxes, and secrecy. Furthermore, forming an LLC in Wyoming is simple; all you need are documentation from both your home state and Wyoming.
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