Wyoming Domestication Articles are written documents that contain the legal requirements for the domestication of business entities in the state of Wyoming. They are used to establish a business entity in the state and include details such as the name of the entity, the formation date, the registered agent and registered office, the purpose of the entity, the initial directors, and the initial shareholders. There are three main types of Wyoming Domestication Articles: Articles of Domestication, Articles of Conversion, and Articles of Merger. Articles of Domestication are used to convert a business entity from one state to another. Articles of Conversion are used to convert a business entity from one type to another such as a limited liability company (LLC) to a corporation. Articles of Merger are used to combine two or more business entities into a single entity.
Wyoming Domestication Articles
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LLCs must list the name and address of a registered agent with a physical address (no post office boxes) in Wyoming. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.
Out-of-state entities can register to transact business in Wyoming by filing a Certificate of Authority. The form must be accompanied by a certificate of good standing and existence, dated no less than 60 days prior to filing LLC documents. The fee for out-of-state entities is $150.
For some, it may be crucial to your business operations and therefore a simple decision. If your LLC conducts business in a state other than the one in which it is registered, it must register separately in that state.
If you live in another state, you can form a Wyoming LLC even if you don't live in Wyoming. However, you may need to register it as a foreign LLC in the state where you live if you'll also be doing business there.
Why is Wyoming one of the best states for LLC? Wyoming has many advantages over other states for building an LLC. It has no state income tax, filing and reporting costs are low, members' privacy is assured, and it has charging order protection laws.
Before completing Wyoming's documents, you'll need to create a resolution stating that the members have agreed to domesticate the LLC in Wyoming, and dissolve the LLC in its home state. There's no official form and the resolution could even be hand written.
You can domesticate from any state to Wyoming. The process is the same regardless of where you are moving from (though popular states like Delaware and Nevada have specific dissolution steps that are explained below).
You can form a Wyoming LLC even if you don't live in Wyoming. Residency in the state, or the USA, is not required to form a company. A majority of LLCs are formed by non-residents. Forming an LLC in Wyoming as a non-resident is the same process as for a resident.