Get an Operating Agreement for your new LLC

Form your Wyoming LLC for free!

 

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STEP 1
CHECK NAME AVAILABILITY FOR YOUR WYOMING LLC

Generally, a limited liability company ("LLC") in Wyoming may use any permissible name that is not the same as or deceptively similar to existing corporations, partnerships, limited partnerships, or other LLCs. You may verify that the name you have selected for your new Wyoming LLC is available. There is no fee for this service.

Wyoming LLC Check Name Availability

STEP 2
FORM YOUR WYOMING LLC

A Wyoming limited liability company is formed by filing a document called The Articles of Organization with the Wyoming Secretary of State.

The fee for filing the Articles of Organization is $100. Please make check or money order payable to the “Wyoming Secretary of State”.

Wyoming Secretary of State
State Capitol Building, Room 110
200 West 24th Street
Cheyenne, WY 82002-0020
Ph. 307.777.7311

To complete The Articles of Organization you must include:

  1. The name of the LLC. The name must include the words limited liability company, LLC or L.L.C. at the end of the entity name.
  2. The duration of the LLC – if there is no duration simply write “perpetual”.
  3. The purpose for forming the LLC. An LLC may list any lawful purpose.
  4. The name and address of the registered agent. You may not use a PO Box. A registered agent must be an individual residing in the state, a domestic corporation or a foreign corporation authorized to do business in the state. The registered office is typically the business office of the registered agent. It need not be the same office of the LLC’s business office. If you or one of the members of the LLC has an address in the state you may use that address for register agent purposes.
  5. The mailing address of the LLC.
  6. The address of the LLC’s principal office.
  7. The total amount of cash and agreed value of any property contributed to the LLC.
  8. The total amount of additional capital contributions, if any, agreed to be made by the made and when they will be made. Note - you are not required to make additional capital contributions to the LLC unless agreed to by the members. In many instances, the members will agree that the manager(s) may not seek additional capital contributions from the members.
  9. The right of the members to admit additional members to the LLC. Generally, in a single member LLC, the member will have the sole right to admit additional members. In the case of a multiple member LLC, the manager will generally be required to seek the consent of the members holding at least a majority of the LLC interests before admitting an additional member. Your LLC Operating Agreement should be consistent with what you have included in this section.
  10. The right, if any, of the members to continue the business upon the death, resignation, dissolution, expulsion, or bankruptcy of a member. Note – most LLC Operating Agreements will include a provision that the LLC will remain in existence upon the death, disability, bankruptcy, etc of a member. If this is the case, you may state:”The limited liability company will remain in existence upon the death, resignation, expulsion, bankruptcy, or dissolution of a member.
  11. Whether the LLC will be managed by members or managers. A member managed LLC means that every member has authority to act on behalf of the business. If the LLC will have only one owner, typically the LLC will be member managed. With a manager managed LLC, the members, by virtue of being members, do not have authority to manage and operate the business of the limited liability company. Instead, the members elect “managers” and it is the managers who have this authority. A manager managed LLC can either be managed by one or more members or by appointed non-members. A manager managed LLC is typically the structure of choice for multi-member LLCs for a number of reasons. With no management structure, multiple owners acting on behalf of the LLC by signing checks or contracts could lead to potential problems for the LLC and its members. In addition, where one or more members are “passive members (not actively engaged in management) using a manager managed structure is useful in order to create a layer between the members and managers. It is important that a manager managed LLC have a well drafted LLC Operating Agreement that sets out the rules and procedures for the managers to follow when managing the LLC.
  12. The signature of organizer(s): The organizer(s) must sign the Articles of Organization. The organizer is generally not required to be a member of the LLC.



 

STEP 3
GET A CUSTOMIZED WYOMING OPERATING AGREEMENT


It is extremely important that every Wyoming LLC has an LLC Operating Agreement. The LLC Operating Agreement is the core document that is referred to when issues concerning the LLC need to be resolved. The LLC Operating Agreement reflects the agreement among the members with respect to the affairs and management of the LLC, as well as governs the relationship amongst the members of the LLC.

 

STEP 4
GET AN EIN FOR YOUR NEW LLC


An Employer Identification Number (EIN) is also referred to as a Federal Tax Identification Number. The EIN is generally used to identify a business entity. In general, every business requires an EIN.

Receive your entity's EIN for FREE in minutes

 



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