ContractsCounsel Logo

Open LLC in Wyoming

Clients Rate Lawyers on our Platform 4.9/5 Stars
based on 7,612 reviews
Home Blog Open LLC in Wyoming

Jump to Section

To open an LLC in Wyoming involves a limited liability company (LLC) formed under the laws of Wyoming, which is available to users throughout the United States. An LLC is a legal business structure that provides limited liability protection to its owners (members) while offering flexibility in management and taxation. Let us delve deeper into the important aspects of opening an LLC in Wyoming below.

Steps to Open an LLC in Wyoming

To inaugurate opening an LLC in Wyoming, one must follow several steps to establish the business properly. Here is a guide on how to inaugurate opening an LLC in Wyoming:

  1. Name Your LLC. Choose a unique name that complies with Wyoming's naming requirements. Ensure the chosen name is available by checking with the Wyoming Secretary of State's office.
  2. Appoint a Registered Agent. Select a registered agent who will act as the LLC's official point of contact and receive legal documents on its behalf.
  3. File Articles of Organization. Prepare the Articles of Organization, which is the official formation document for the LLC. Include the LLC's name, registered agent's details, and principal address. Submit the completed Articles of Organization to the Wyoming Secretary of State's office. Check the current fee with the Secretary of State's office and then pay the same.
  4. Create an Operating Agreement. Although not required by Wyoming law, it is highly recommended to create an operating agreement. The operating agreement outlines the ownership structure, management responsibilities, and operating procedures of the LLC. This document helps establish clear guidelines for running the business and managing potential conflicts among members.
  5. Fulfill Other Requirements. One may need to obtain additional licenses, permits, or registrations to operate legally in Wyoming, depending on the nature of the business. Research and comply with any industry-specific regulations and requirements.
  6. File Annual Reports. Maintain LLC's good standing by filing annual reports with the Wyoming Secretary of State's office. Pay the required filing fee and provide updated information about the LLC.

Benefits When Deciding to Open an LLC in Wyoming

Opening an LLC in Wyoming offers several benefits, making it an attractive choice for business owners. Here are some key benefits:

  • Business-Friendly Environment: Wyoming is known for its business-friendly environment and favorable LLC regulations. The state has low taxes, including no corporate, personal, or franchise tax. It can result in an adequate number of tax savings for the LLC.
  • Asset Protection: Forming an LLC in Wyoming provides limited liability protection, separating the assets from the business's liabilities. In the event of legal claims or debts, the assets generally remain protected, shielding an individual from personal liability.
  • Privacy and Confidentiality: Wyoming offers high privacy and confidentiality for LLC owners. Members' names do not have to be publicly disclosed in the Articles of Organization, providing anonymity and protection from unwanted attention.
  • Flexible Operating Agreements: Wyoming allows LLCs to have flexible operating agreements, granting more freedom and customization in structuring the LLC's management, decision-making, and profit distribution. It enables an individual to customize the LLC’s internal workings to meet the business's needs and goals.
  • Strong Corporate Veil Protection: Wyoming has a strong history of upholding the corporate veil, which means courts are less likely to pierce the LLC's liability protection. It adds security to the assets.
  • Business-Friendly Legal System: Wyoming has a business-friendly legal system with experienced judges who understand corporate law and provide efficient resolution of business disputes. It creates a more favorable and predictable legal environment for the LLC.
  • Nominee Services: Wyoming allows nominee services to appoint a nominee to appear as the organizer or member of the LLC in public records.
  • Access to Business Incentives: Wyoming offers various business incentives and grants to encourage economic growth and attract businesses. Grants, tax credits, and other financial assistance programs remain a part of such incentives. By opening an LLC in Wyoming, one can take advantage of these incentives to support the business's growth and development.
  • Ease of Compliance: Wyoming has simplified compliance requirements for LLCs. The state requires zero annual reports or state tax returns for LLCs that do not have a physical presence or conduct business within the state. This simplifies the administrative burden and reduces the compliance costs of maintaining the LLC.
Meet some lawyers on our platform

Zachary J.

191 projects on CC
View Profile

Antonella C.

1 project on CC
View Profile

Gregory B.

138 projects on CC
View Profile

Daehoon P.

159 projects on CC
View Profile

Steps When Consulting a Lawyer to Open an LLC in Wyoming

You must seek the assistance of a lawyer specializing in business and corporate law when opening an LLC in Wyoming. An experienced lawyer can guide you through the legal requirements and help ensure the process is smooth and complies with the relevant laws and regulations. Here are some steps to consider when approaching a lawyer for opening an LLC in Wyoming:

  1. Research and Find a Business Lawyer. Look for lawyers or law firms in Wyoming specializing in business and corporate law. You can search online, ask for recommendations from other business owners, or consult legal directories.
  2. Set Up Initial Consultation. Schedule an initial consultation with the lawyer to discuss your business goals and intentions. This meeting will allow you to evaluate the lawyer's expertise, experience, and communication style.
  3. Seek Legal Advice and Guidance. During the consultation, the lawyer will explain the legal requirements for forming an LLC in Wyoming. They will guide you through the necessary steps, such as choosing a business name, filing the Articles of Organization, drafting an operating agreement, and obtaining any required licenses or permits.
  4. Request for Document Preparation. The lawyer will prepare legal documents, such as the Articles of Organization and operating agreement, tailored to your business needs and objectives.
  5. Ask Assistance in Filing and Registration. The lawyer will assist you in filing the necessary documents with the Wyoming Secretary of State's office and ensuring that the LLC is properly registered.
  6. Request for Ongoing Legal Support. You can seek legal support for your LLC from the lawyer. The same includes reviewing contracts, advising on compliance matters, and helping you navigate any legal issues that may arise in the future.

Key Terms for Opening an LLC in Wyoming

  • LLC: A limited liability company (LLC) that allows members to be available to the public and permits easy transfer of ownership interests.
  • Registered Agent: A person or entity designated to receive legal and official documents on behalf of the LLC and maintain a physical address in Wyoming.
  • Operating Agreement: A document that outlines the internal organization, management structure, and operational guidelines of the LLC.
  • Annual Report: A yearly filing required by Wyoming law that provides updated information about the LLC's status, such as its members, registered agent, and principal address.
  • Business License: A permit or authorization required by certain industries or professions to legally operate an LLC in Wyoming, which may vary depending on the nature of the business.

Final Thoughts on Opening an LLC in Wyoming

Opening an LLC in Wyoming can be a strategic move for entrepreneurs and business owners seeking a favorable business environment. With its business-friendly laws, low taxes, strong asset protection, and flexible operating structures, Wyoming offers a range of benefits for LLC formation. By taking advantage of Wyoming's favorable regulations, such as minimal reporting requirements and the ability to maintain privacy, individuals can establish a robust legal entity that provides liability protection and potential tax advantages.

If you want free pricing proposals from vetted lawyers that are 60% less than typical law firms, click here to get started. By comparing multiple proposals for free, you can save the time and stress of finding a quality lawyer for your business needs.

Meet some of our Lawyers

Angela Y. on ContractsCounsel
View Angela
5.0 (8)
Member Since:
June 16, 2022

Angela Y.

Founder and Managing Partner
Free Consultation
New Jersey
8 Yrs Experience
Licensed in NJ, NY
Rutgers University School of Law

NJ and NY corporate contract lawyer and founder of a firm specializing in helping entrepreneurs. With a background in law firms, technology, and world class corporate departments, I've handled contracts and negotiations for everything from commercial leases and one-off sales agreements, to multi-million dollar asset sales. I love taking a customer-focused and business-minded approach to helping my clients achieve their goals. Other information: learning to surf, lover of travel, and one-time marathoner (NYC 2018)

Terence B. on ContractsCounsel
View Terence
4.9 (40)
Member Since:
August 23, 2020

Terence B.

Free Consultation
Orlando, FL and New York, NY
12 Yrs Experience
Licensed in FL, NY
Georgetown University Law Center

Terry Brennan is an experienced corporate, intellectual property and emerging company transactions attorney who has been a partner at two national Wall Street law firms and a trusted corporate counsel. He focuses on providing practical, cost-efficient and creative legal advice to entrepreneurs, established enterprises and investors for business, corporate finance, intellectual property and technology transactions. As a partner at prominent law firms, Terry's work centered around financing, mergers and acquisitions, joint ventures, securities transactions, outsourcing and structuring of business entities to protect, license, finance and commercialize technology, manufacturing, digital media, intellectual property, entertainment and financial assets. As the General Counsel of IBAX Healthcare Systems, Terry was responsible for all legal and related business matters including health information systems licensing agreements, merger and acquisitions, product development and regulatory issues, contract administration, and litigation. Terry is a graduate of the Georgetown University Law Center, where he was an Editor of the law review. He is active in a number of economic development, entrepreneurial accelerators, veterans and civic organizations in Florida and New York.

Michael O. on ContractsCounsel
View Michael
5.0 (4)
Member Since:
February 14, 2022

Michael O.

Managing Attorney
Free Consultation
Los Angeles
16 Yrs Experience
Licensed in CA, NY
University of Southern California

A corporate and commercial attorney with experience in transactional legal services including corporate and finance transactions, mergers and acquisitions, real estate, commercial contracts, bankruptcy, restructuring, international business transactions and general counsel services. Additional background skills and experience include investment banking, financial analysis, and commercial litigation. Sectors covered include technology, media, franchises, and business services providers, from start-ups to medium and large enterprises.

Brian R. on ContractsCounsel
View Brian
5.0 (1)
Member Since:
August 15, 2023

Brian R.

Free Consultation
Fort Worth
23 Yrs Experience
Licensed in TX
Texas A&M University School of Law (formerly known as Texas Wesleyan University School of Law)

Brian C. Restivo, the managing member of Restivo Legal, PLLC, has been licensed by the State Bar of Texas and continuously practicing as an attorney since November of 2000. Over these years, he has represented customers across the spectrum - from a Fortune 500 company to individuals - and is seasoned at tailoring his services to the unique needs of each customer.

Cory L. on ContractsCounsel
View Cory
Member Since:
August 17, 2023

Cory L.

Contracts Counsel
Free Consultation
Parker, Colorado
1 Yr Experience
Licensed in CO
Denver University - Sturm College of Law

I review and draft contracts all day, every day. After over a decade of progressive business experience in operations and product strategy, I went to law school. That background helps me draft the best contracts for my clients.

Daniel W. on ContractsCounsel
View Daniel
Member Since:
August 15, 2023

Daniel W.

Free Consultation
New York, NY
5 Yrs Experience
Licensed in NY
Syracuse University College of Law

I am an experienced New York Attorney pleased to offer my services to clients who are seeking assistance with startup consulting and/or business related legal work. My expertise in both of these areas allows me to provide comprehensive legal support to entrepreneurs and businesses of all sizes.

LINDA W. on ContractsCounsel
Member Since:
August 15, 2023


Free Consultation
west palm beach, fl
39 Yrs Experience
Licensed in FL
University of Miami School of Law

o Experience includes meeting with clients, numerous court appearances and mediations concluded with successful settlements. Exceptional communication skills both oral and written. Available to travel…. Flexible schedule. * In addition, Florida Real Estate License with extensive experience in this area as well..Experience includes meeting with clients, numerous court appearances and mediations concluded with successful settlements. Exceptional communication skills both oral and written. Available to travel…. Flexible schedule. * In addition, Florida Real Estate License with extensive experience in this area as well.. • o Skills: Legal Matters · Legal Practice · Interpersonal Skills · Employment Contracts · Time Management · Mediation · Legal Document Preparation · Commercial Contracts · Writing · Dispute Resolution · Attention to Detail · Real Estate · Contract Negotiation · Due Diligence · Breach of Contract · Analytical Skills * I also have a Florida real estate sales associate license.

Find the best lawyer for your project

Browse Lawyers Now
Learn About Contracts
See More Contracts
other helpful articles

Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.

View Trustpilot Review

Contracts Counsel was incredibly helpful and easy to use. I submitted a project for a lawyer's help within a day I had received over 6 proposals from qualified lawyers. I submitted a bid that works best for my business and we went forward with the project.

View Trustpilot Review

I never knew how difficult it was to obtain representation or a lawyer, and ContractsCounsel was EXACTLY the type of service I was hoping for when I was in a pinch. Working with their service was efficient, effective and made me feel in control. Thank you so much and should I ever need attorney services down the road, I'll certainly be a repeat customer.

View Trustpilot Review

I got 5 bids within 24h of posting my project. I choose the person who provided the most detailed and relevant intro letter, highlighting their experience relevant to my project. I am very satisfied with the outcome and quality of the two agreements that were produced, they actually far exceed my expectations.

View Trustpilot Review

Need to form an LLC?

Create a free project posting

Want to speak to someone?

Get in touch below and we will schedule a time to connect!

Request a call

Find lawyers and attorneys by city