Wyoming Domestication Articles are legal documents that are used to change the status of certain entities from their current form to a domesticated entity. These articles are regulated by the Wyoming Secretary of State and must be filed in order to be recognized as a domesticated entity in the state of Wyoming. Wyoming Domestication Articles can be used to change the status of corporations, limited liability companies (LLC's), limited partnerships (LP's), and other business entities. The Articles contain various information such as the name of the entity, the address of the registered office, and the name of the registered agent. They also list the names of the members or managers, the purpose of the entity, and the initial capital contribution. Additionally, the Articles must be signed by all the members or managers of the entity in order for them to be valid. There are two types of Wyoming Domestication Articles: Domestic Articles and Foreign Domestication Articles. Domestic Articles are used to register an entity in the state of Wyoming, while Foreign Domestication Articles are used to register an entity that was formed in another state.
Wyoming Domestication Articles
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How to fill out Wyoming Domestication Articles?
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FAQ
In his book Guns, Germs, and Steel, Diamond argues that to be domesticated, animals must possess six characteristics: a diverse appetite, rapid maturation, willingness to breed in captivity, docility, strong nerves, and a nature that conforms to social hierarchy.
Domestication occurs when an out-of-state entity wishes to transfer their state of formation to Wyoming and become a Wyoming entity. Entities formed in another country cannot domesticate. A certificate of existence or good standing is required.
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.
States offering domestication: California. Colorado. Delaware. Florida. Georgia. Louisiana. Maine. Michigan.
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).
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.