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Wyoming Short Form Checklist and Guidelines for Basic Corporate Entity Overview
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Eight Steps to Set Up a Holding CompanyChoose a state, like Wyoming or Delaware.Choose whether your holding company will be an LLC or a corporation.Pick a name for your holding company.Draft and sign governing documents.File the paperwork to officially form the company.Get an EIN and open a bank account.More items...
Tip. The five main characteristics of a corporation are limited liability, shareholder ownership, double taxation, continuing lifespan and, in most cases, professional management.
The document required to form an LLC in Wyoming is called the Articles of Organization. The information required in the formation document varies by state. Wyoming's requirements include: Registered agent.
Wyoming requires annual reports for Corporations and LLCs. These reports are due by the first day of the entity's anniversary month.
In the United States, there are three types of corporations.C corporation (C corp)S corporation (S corp)Limited liability company (LLC)
Generally, the certificate serves as a means of verification and is necessary if you wish to operate your business in other states. For example, if you have a business in Wyoming and want to conduct business in neighboring Colorado, you would first register with their Secretary of State.
Wyoming requires an annual report for LLCs to be filed on the first day of the month in which the company is formed. The minimum fee due is $60 (with a $2 processing fee if paid online). Most Wyoming annual reports cost $60 to file, with a $2 convenience fee if done online for a total of $62.
Steps of the Company Incorporation ProcessStep 1: Reservation of Business Name with the Securities and Exchange Commission (SEC)Step 2: Submission of Documents to SEC.Step 3: Registration with Local Government Units (LGUs) of the location where you want to establish your business.More items...
How to become a corporationHire a transactional attorney.Appoint a registered agent and file the articles of incorporation.Create the corporate bylaws and appoint directors.Issue stock.File any other necessary documents with your local secretary of state.File any necessary IRS forms.
How to Incorporate in Wyoming. To start a corporation in Wyoming, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the Secretary of State. You can file this document online or by mail. The articles cost $100 to file.
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