Wyoming LLC Formation Price
US$499
When forming the LLC, we give you the following perks with no extra fees:
Extra: Free Counseling and Guidance on the LLC taxation, management, and yearly compliance*
Extra: Free referral to one or two of our fintech banking partners.
Extra: Free Single Member LLC Operating Agreement Template
Extra: Free Automized Digital Ledger for yearly federal compliance
Extra: Register of Directors
Extra: Register of Members
* The free counseling session is provided after the LLC formation payment has been made. If you need counseling prior to forming the LLC, we offer you our counseling services.
Our Services in Wyoming
We at Offshore Affairs provide tax exempt offshore company formation in Wyoming, USA to non-residents and foreigners. We also provide to our clients company management-related services, including, but not limited to:
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Wyoming LLC Formation
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Wyoming Registered Address and Agent.
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US Bank Account and Offshore Bank Accounts
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State Annual Report
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Operating Agreement
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EIN for Foreigners
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Yearly federal compliance
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W-8Ben and W-8Ben Form
Executive Summary
A U.S. LLC can be used as a tax-free entity if structured correctly. Having a company in Wyoming can allow you to operate from a company under prestigious jurisdiction, access payment gateways like Stripe and PayPal, business opportunities, financial products, open US and global account and having a US billing address, all under a tax-free environment. Some of this benefits are:
- Fast formation: the company is formed in less than 24 hours.
- Not part of the CRS.
- 0% State and Federal tax if the company does not engage U.S. Trade or Business.
- Remote USD and multicurrency accounts opening
- Only US$60 in State Annual fee. In contrast, Delaware’s is US$300.
- Great for online entrepreneurs, e-commerce, and Start ups.
- Holding company
- Can open offshore bank accounts in offshore jurisdictions.
- Company ownership is not on public records
Timeline
Wyoming LLC Articles of Organization
A Wyoming LLC is formed by filling the Articles of Organization before the Secretary of State. The Articles of Organizations can be filled and submitted online, by mail or in person.
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The Articles of Organization requires the following information to be submitted:
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Name of the LLC
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Duration of the LLC, which can be perpetual.
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Registered Agent Name and Address.
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The LLC's main place of business and mailing address.
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Organizer information.
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Additional articles.
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When filling the Articles of Organization it is not required to disclose who owns the LLC, but when filling it, it must be filled correctly so we avoid the owner's name or address to be disclosed unnecessarily in case the owner wants privacy, as this information will be shown on the public records and cannot be deleted.
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The Secretary of State does not require domestic LLCs to submit their Operating Agreement.
Wyoming LLC Operating Agreement
A Wyoming LLC Operating Agreement is a document that sets out the rules that will regulate the LLC, the relationship of the Members, etc. It contains, at a minimum, the following clauses, regulation, and/or information:
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LLC legal name.
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Initial registered agent name and address.
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How it is manager (Member Managed or Manager Managed).
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Interest ownership percentage of its members.
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How it will elect to be taxed.
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Rules for holding meetings, and voting rights, quorum, etc.
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Profit and los allocation.
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Duration.
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Dissolution.
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Heirs rights.
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State and date of formation
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Initial contributions made by the members.
The Operating Agreement is an internal document, but it can be asked by some banks when opening a corporate bank account, or when requesting a credit.
EIN For Non-Resident Foreigners
The Employer Identification Number (EIN), or the LLC tax number, is obtained by filling SS-4 before the IRS. This EIN number is required in order to open a Bank Account, as banks will ask for the EIN Confirmation Letter, filling your yearly tax return, etc.
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Non-Residents and/or Foreigners cannot generate the EIN online and automatically since they don't have a Social Security Number. SS-4 applications by foreigners is received only by mail or by fax, being fax the fastest way to obtain the EIN number from the IRS, taking about 1 to 2 weeks.
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Along with the SS-4, copy Articles of Organizations approved by the Secretary of State have to be attached.
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You can check our EIN guide below
Features
Banking
Can open U.S. bank accounts and Offshore Bank Accounts. High privacy, no CRS. (the U.S. has another version). Access to Payment gateways such as Stripe and PayPal.
Low Maintenance
If not engaged in U.S. trade, only information reports. Form 5472 and 1120, both for information reporting purposes. At the State level, only Annual Information Report
eCommerce
Widely used by digital entepreneurs, from Dropshipping, Amazon FBA, Freelancers, Writers, to any other type of online business.
Asset Protection
Can be used to acquire any type of property, from Real Estate, to gold, yatchs, etc, in the U.S. and in other parts of the world.
How are Wyoming LLCs taxed?
US LLCs are taxed based on their tax classification. US LLCs owned by a single member who is a foreigner, it will be classified as a foreign owned US Disregarded entity, which will not pay US federal nor State taxes if it does not have US Sourced income or effectively connected income. If the LLC has two members or more, regardless of their residency, it will be taxed as a partnership.
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Click the button below to read our US LLCs tax guide.
Wyoming LLC yearly maintenance and annual fees
The Wyoming LLC yearly tax requirements will also depend on its tax classification. Foreign Owned US disregarded entities fill out Form 1120 Pro forma and form 5472, these are information returns and not tax returns.
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Partnerships fill out form 1065 and issue K-1 to each partner, while US LLCs taxed as corporations fill out form 1120.
Yearly Compliance Pricing Estimate
US$422*
Yearly compliance for a Single Member LLC owned by a foreigner not engaged in US trade or business
State Annual Report filling including State Fee
Registered Agent and Address
Form 1120 (Pro Forma) and form 5472 (one related party)
*Yearly compliance pricing provided is an estimate. These prices may vary due to several factors related to your tax and company situation.
Do I need to do bookkeeping for my LLC?
Single Member LLCs owned by a foreigner need to report, after the calendar year ends, the transactions between the LLC and the Owner, including related parties.
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We offer our clients an automatized digital ledger book so they can easily keep records of the reportable transactions without the need to hire the services of a bookkeeper.
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Our digital ledger is designed in accordance to the yearly federal reporting requirements of the LLC.
Bank Accounts for a Wyoming LLC
One of the main needs of our clients when opening a company in Wyoming is the bank account. The banking options we provide to our clients will depend on their specific business activity, nationality, where clients are based, among other factors.
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When opening a bank account for a Wyoming LLC, you can open a bank account in a bank located in Wyoming, or a bank located in another State within the USA, or in another country like the Bahamas, Singapore Cayman Islands, or any other country. You can also pick a "traditional bank" or a "fintech".
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Bank account opening requirements, timeframes, varies in each an all scenarios and cases.
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Fintech Banks: For some non-resident clients, a quick and cost saving solution, with no travel requirement and very low minimum deposit, is to open a Wise, Airwallex, or Mercury account.
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US Traditional Bank Account: as a non-resident, you can open a bank account in a traditional bank, with extra KYC/AML requirements and higher minimum deposit. These requirements include a proof of address in the USA or in the State where the bank is located (utility bill or lease agreement), personal visit (no remote opening).
Offshore Banks: the Wyoming LLC can surely open a bank account in any other jurisdiction either in Europe, Asia, the Caribbean, Africa, as long as it complies with all the requirements.
Some Fintech options available for a Wyoming LLC
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Opening fee: free.
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Foreign Currency Accounts: local bank accounts with account details available in USD, EUR, SGD, GBP, CHF, CAD, NZD, AUD, HKD, JPY, CNY.
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Multicurrency wallet: up to 40 different currencies.
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Business card: multicurrency virtual visa card with company name.
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Employee card: Physical and Virtual multicurrency cards available under your personal name, or employees.
FAQ
Ready to form your Wyoming LLC?
We have helped hundreds of companies register their businesses in Wyoming and open their bank account, get Stripe, and more.
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We also have helped them set up their international tax strategy, and yearly compliance.
Founder & CEO
Send is us your inquiry
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Disclaimer: Nothing on this website shall be considered nor be a substitute for legal, tax, or financial advice. Please contact your licensed advisor for legal, tax, or financial advice.