Wyoming Incorporation Frequently Asked Questions
THE LATEST NEWS ABOUT WYOMING CORPORATIONS
Wyoming doesn’t allow bearer shares anymore.
Current Bill Status: Signed into law on February 14, 2007 with an effective date of July 1, 2007. An Act relating to corporations; prohibiting the issuance of bearer shares; and providing for an effective date. Full Text available at: http://legisweb.state.wy.us/2007/Enroll/HB0009.pdf
Do I need to reserve a corporate name?
No, but it is recommended to reserve a name prior to filing to ensure that it remains available during the incorporation process.
How do I reserve a corporate name?
The reservation of your corporate name will be handled by IncParadise and is included in the price of our service.
Do I have to renew my name registration?
If you are conducted business as a “Doing Business As” (DBAs) entity, you will need to renew your name every 10 years. Six months prior to the renewal period, the state will send you notification to renew.
How do I incorporate in Wyoming?
When using our service, IncParadise will file, on your behalf, the required administrative forms and articles of incorporation with the appropriate Wyoming agency.
Is a registered agent required?
Yes, the name and address of the registered agent must be listed in the articles of incorporation. Also, the articles must be accompanied by a written consent to appointment manually signed by the registered agent. As part of our ongoing service, IncParadise does provide a registered agent service option that you can select during the online registration process.
How many Incorporators are required to form a Wyoming corporation?
One or more incorporators are required in the state of Wyoming.
How many Directors are required for a Wyoming corporation?
One or more directors are required in the state of Wyoming.
Are corporations in Wyoming required to file an Annual Report?
Yes. Annual reports are due by December 1st of each year.
Do LLCs and Corporations use the same License Tax schedule?
Yes, both structures pay a license tax based on all assets located and employed in Wyoming. The tax is $60 or two-tenths of one mill on the dollar ($.0002) whichever is greater.
Who can organize an LLC?
Organizers can be any person. The person need not be a member of the LLC. They can be individuals, general partnerships, limited partnerships, limited liability companies, corporations, trusts, business trusts, real estate investment trusts, estates and other associations
What is a Flexible LLC?
Flexible LLCs are LLCs with only one member. The words Flexible LLC must be written somewhere in the Articles.
How long does it take to register a new company?
The regular filing time for a Wyoming company is between 7-10 days. There is no expedite filing.
Does Wyoming corporation need a Registered Agent?
Every Wyoming Corporation must have a registered agent. The statutory agent must either be (1) a natural person residing in the state or (2) a corporation which has been approved to serve as a registered agent in the state.