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Wyoming's charging order protection laws are effective for members to protect their LLC assets and ownership from creditors. However, that protection does not extend outside of Wyoming. Members living out of state will have to deal with different laws protecting their LLC assets from garnishment by creditors.
Wyoming Statutes § 17-29-110: Though Wyoming does not legally require an operating agreement for an LLC, having one is strongly recommended. This document includes provisions for the regulation of business affairs of the company and its members, as well as managers.
In order to process a Wyoming Corporation reinstatement, the Secretary of State requires you to file all back Annual Reports for the period of time that your business was inactive. You must file the back Annual Reports with your Application and pay all Annual Report fees and unpaid taxes.
All Wyoming LLCs need to pay $60 per year for the Annual Report (aka Wyoming Annual License Tax). These Wyoming LLC fees are paid to the Secretary of State. And this is the only state-required annual fee.
Once your LLC has been administratively dissolved, it is possible to reinstate your company at any point for the next two years. Failure to file an annual report allows you to reinstate online. Failing to maintain an agent will require that forms be mailed in.
How to Reinstate Your Wyoming LLC Go to the Wyoming Secretary of State Website. To reinstate a Wyoming LLC you must visit the Secretary of State website reinstatment page. ... Appoint a New Wyoming Registered Agent. ... Gather Your Back Annual Reports. ... Send All Forms and Payment to the Secretary of State. ... Wait for Approval.
How to Reinstate Your Wyoming LLC Go to the Wyoming Secretary of State Website. To reinstate a Wyoming LLC you must visit the Secretary of State website reinstatment page. ... Appoint a New Wyoming Registered Agent. ... Gather Your Back Annual Reports. ... Send All Forms and Payment to the Secretary of State. ... Wait for Approval.
The reinstatement fee for a Wyoming LLC is $100. However, you'll also have to pay to file each late annual report ($60 for LLCs with less than $300,000 in assets). The penalty for failing to appoint and maintain a registered agent is $350.