WYOMING ANNUAL REPORT

What is an Annual Report (Annual List)?

There are some states that don’t require the filing of the annual list or report by business entities but in the state of Wyoming, it is a mandatory requirement. In order to file an annual list you need to know what information it should contain.

An Annual report is a document that contains information regarding the business as well as its activities in the prior year. Annual reports contain the following information:

Limited Liability Company

Every domestic limited liability company registered under the laws of the state as well as every foreign limited liability company that has obtained the right to transact business within Wyoming state will be required to file Wyoming annual report with the secretary of state. The report includes:

• The name of your limited-liability company
• The file number of your limited-liability company, if you know it
• Financial information, which should be current in terms of the fact that it should contain information till the end of the fiscal year of the domestic or foreign limited liability company immediately preceding the date on which the Wyoming annual report is being executed on behalf of the LLC.
• An LLC will be required to maintain three years of suitable records and books related to the business at the principal place of business. All records and books have to be made available for “examination by the secretary of state” if required pursuant to WY Stat § 17-29-209 (2015).
• The names and titles of all the managers should be mentioned. If there are no managers then names and titles of all its managing members will be required.
• The list will be signed by a registered agent like us or the manager or managing member of the limited-liability company. Signing the list will certify that it is complete, true, and accurate.

The above is governed by WY Stat § 17-29-209 (2015)

Corporation (Domestic)

Every domestic business corporation registered under the laws of the state as well as every foreign profit corporation that has obtained the right to transact business within Wyoming state will be required to file the Wyoming Annual List or a report with the secretary of state. The report includes:

• The name of your domestic or foreign business corporation
• The file number of your corporation, if you know it
• The names and titles of all the president, secretary and treasurer, or position equivalent thereof, as well as of all the directors of the corporation
• Financial information, which should be current in terms of the fact that it should contain information till the end of the fiscal year of the domestic or foreign business corporation immediately preceding the date on which the Wyoming annual list is being executed on behalf of the corporation.
• The address, either business or residence, of each president, secretary, treasurer, and director as listed
• The list will be signed by a registered agent like us or the director or officers of the corporation. Signing the list will certify that it is complete, true, and accurate
• The annual report form contains a balance sheet listing assets located and employed in Wyoming and it is similar to Schedule L of IRS Form 1120. This list needs to be filled and filed with correct information.
• A domestic or foreign business corporation will be required to maintain three years of suitable records and books related to the business at the principal place of business.

The above is governed by WY Stat § 17-16-1630 (1997 through Reg Sess)

Is there a Filing Due Date or Deadline?

The Secretary of State has defined the due dates for filing annual report in the state of Wyoming. Different states have different due dates and they may or may not be the same for different types of business organizations.

Limited Liability Company

It is important to know that every LLC registered in the state of Wyoming will be required to file the annual list with the Secretary of State. Let’s look at the filing deadlines or due dates to file annual list in Wyoming:

The due date for filing an annual report or list for an LLC is annually on or before the first day of the month of LLC registration pursuant to WY Stat § 17-29-209. (2015).

Example: If you registered your Limited Liability Company on April 15, then your annual report will be due each year on April 1.

You can file an annual list or annual report with the Secretary of the state, which can be a cumbersome process – preparing paperwork, enclosing details, providing balance sheet details, checking and re-checking each and every detail, and submitting on time or you can SIMPLY HIRE US!

ORDER ONLINE

Corporation (Domestic)

It is important to know that every business corporation registered in the state of Wyoming will be required to file the annual list with the Secretary of State. Let’s look at the filing deadlines or due dates for filing Wyoming annual reports:

The due date for filing an annual report or list for a domestic or foreign business corporation is annually on or before the first day of the month of incorporation pursuant to WY Stat § 17-16-1630 (1997 through Reg Sess).

Example: If you registered your business corporation on April 15, then your annual report will be due each year on April 1.

You can file annual list or annual report with the Secretary of State, which can be a difficult process – preparing paperwork, enclosing details, checking and re-checking each and every detail, providing balance sheet details, and submitting on time or you can SIMPLY HIRE US!

ORDER ONLINE

Is there a Late Filing Penalty of Annual Lists?

If you are unable to submit the annual report to the Secretary of State by the due date as mentioned then will there be any penalty for LLC and Business Corporations? Let’s take a look at what late submission entails:

Limited Liability Company

If a Limited Liability Company required to file an annual list along with the fee prescribed in WY Stat § 17-29-209. (2015), fails to file then the Secretary of State shall deem the LLC to be in default.

There is no late fee.

The Secretary of State will issue a notice of pending dissolution or even revocation if an LLC fails to file the annual report. You will have 60 days to comply. If a business entity is still unable to file the report then the business will be dissolved.

Corporation (Domestic)

If a business corporation filing annual report along with the fee prescribed in WY Stat § 17-16-1630 (1997 through Reg Sess), fails to file then the Secretary of State shall deem the corporation to be in default.

There is no late fee.

The Secretary of State will issue a notice of pending dissolution or even revocation if a business corporation fails to file the annual report. You will have 60 days to comply. If a business entity is still unable to file the report then the business will be dissolved.

What is the cost to file Wyoming Annual List?

The annual filing fees for LLC’s and business corporations is $60 or two-tenths of one million dollars ($.0002), whichever is greater. This is applicable to businesses that have less than $250,000 in Wyoming assets.

There is however an additional “convenience fee” for filing annual reports. This fee takes into consideration the cost incurred by the Business Division in providing online filing service for Annual Reports. It covers credit card fees as well as other costs. The convenience fee is as follows:

$25 to $100 – $2
$25 to $100 – $5
$25 to $100 – $8.95

Note: It is important to know that if the Wyoming Annual Report fee is greater than $500 then online or e-filing will not be permitted.

How to File Annual Lists with IncParadise?

Yes, there is a lot of paperwork involved in the filing of Wyoming annual list or annual report and this includes balance sheets, value of assets in the state, value of tax-exempt securities, depletable and intangible assets, up to date financial information of the business, and much more.

The question is how to go about it? IncParadise will file an annual list on your behalf!

Your Benefits are:

• We will send you a due date notification and all you have to do is to place your order on time, so that we can ensure filing on time!
• We will ensure you receive “Reminders” regarding the due date
• We will file it directly with the Secretary of State
• Our preparation of the annual list will be of high professional standards
• We will help save you on convenience fee

HIRE US & KEEP YOUR BUSINESS ENTITY ALIVE!

We at IncParadise, are one of the respected registered agents in Wyoming and will be responsible towards initiating the filing of Wyoming annual report for business corporations and limited liability companies in the state of Wyoming. We have access to the Wyoming Online System for filing Annual Reports – ARWizard!

You don’t want to file late and have your business dissolved! Let us take care of “filing on time or before the due date”.