February 2012 15
Wyoming LLC Registration
Wyoming LLC Registration
Wyoming is one of the most affordable places in the world to start a company. You can have a licensed company ready to get a bank account and start processing transactions within 72 hours of filing the documents and only $100. The state is maximized for asset protection purposes, has strong privacy laws, and your LLC or Corporation can be filed anonymously. If you are looking for a Corporation that may someday issue a public offering, Delaware might be a more suitable option.
However for an LLC, Wyoming has one of the clear laws and tested statues. Wyoming is ideal for Real Estate investors who know the importance of holding property in different legal entities to diffuse liability. It makes more sense to have3 different Wyoming LLC’s than one series LLC. Proven protection for only half the price. Wyoming is ideal for entrepreneurs who do the majority of their transactions in the United States.
Registering your Wyoming LLC is a very simple process. We can handle everything for you for $100, or you can simply read the step by step process below – and use us as your registered agent. Our business model is based on customer success and satisfaction. The longer you are successful, the longer you will need our services. The more satisfied you are, the more likely you are to stay with our services. Therefore, we always work hard to keep you in business, and completely satisfied with our registered agent service.
Change Wyoming Registered Agent
Change Wyoming Registered Agent
If you are looking to change your Wyoming Registered Agent, there is actually no cost to change your WY Registered Agent. We hope that you consider Registered Agent Worldwide as your Wyoming Registered agent. We provide personalized service for each LLC we register in Wyoming, and you are not just another number to us.
We incorporate in Wyoming and serve as a registered agent in Wyoming, Delaware, and several jurisdictions internationally. If you would like to change Wyoming Registered Agent, Registered Agent Worldwide will match or beat any price you previously paid to a Wyoming Registered Agent.
How do you change your Wyoming Registered Agent?
To change your Wyoming Registered agent is a very simple process. You an download the form from this page, or contact us and we can assist you with the process for no additional fee. Our registered agent service is $97 per year, and there are no hidden fees or annoying ‘mid-year fee’s.
Our motto is “everything you need, and nothing you don’t!” we don’t charge for things you don’t need, and we will never automatically process your credit card. In fact, we delete and shred this information as soon as it is processed.
Wyoming LLC Annual Report
Wyoming Annual Report Filing Instructions
Steps to file your Wyoming Annual Report:
You can file your Wyoming Secretary of State annual report by either phone mail or by acessing the secretary of state website.
They will ask for your Wyoming filing ID number, which can easily be found by doing a name search for your wyoming corporation.
When is your Wyoming LLC Annual Report due?
Wyoming annual reports are due the first day of the anniversary month of which you originally filed your Wyoming LLC or Corporation. For example, if you incorporated your company on April 16th, 2012, then your first annual report is due on April 1st, and then every April 1st there after.
What is the cost to file the Wyoming LLC annual report?
The cost to report your Wyoming LLC via mail is $50 You can pay via secured money order, but most people send a check. You can also file the Wyoming Secretary of State annual report online for a cost of $52. This will keep you in good standing and is a necessary step.
Don’t Miss the Date!
If you miss the filing date, your company will not longer be in good standing, and your Wyoming LLC will actually be in “Tax delinquent Status”. After this, you have to file within 60 days. If you don’t file within those next 60 days, you will have to reinstate in order to get back your good standing. If you are required to reinstate, this costs $50 and the annual report will cost double the normal annual report fee, for a total of $150+
How do I get notified?
The Wyoming Secretary of State will mail you a reminder to the mailing address listed fpr you company. They are notorious for not sending them out though. You’re best to mark it on your calendar and just file online. If you use Northwest Registered Agent Service, Inc. as your Wyoming registered agent, you’ll get notices 2 months, 1 month and a couple of weeks prior to help you remember. A lot of people find this very handy.
Who can file Wyoming LLC annual report?
Anyone with authority can file the Wyoming LLC annual report.
Want to file your Wyoming LLC annual Report?
You can file and pay online now at the Wyoming website:// https://wyobiz.wy.gov/Business/AnnualReport.aspx
As a service to all of our customers, we send out automatic reminders of your wyoming LLC annual report.
What is a registered agent?
What is a registered agent?
Well the answer to that question is very simple. A registered agent receives a service of process on your behalf.
A registered agent is required in all 50 states and is mandatory in almost all jurisdictions worldwide as well.
At Registered Agent Worldwide, we pride ourselves in providing you excellent service, which means that anytime we receive a service of process, we will immediately load the process onto our server and send you (and up to 5 other people who you select, such as your spouse, Vice President, partner, lawyer, accountant, etc.) an automatic email.
Other registered agent services are just random guys operating out of a house, we are a professional registered agent service who keeps your important information behind lock and key, 2 layers of security systems, in an encrypted, safe database that only 2 people have full access to.
A registered agent handles any service of process (lawsuits) filed against your corporation. Chances are, you won’t have a service of process served to your company. if you do, we are one of the only registered agent services who can actually recommend lawyers to you. Most registered agent services just act as a mailbox. Registered Agent Worldwide provides exactly the service you need, when you need it. We won’t burden you with annoying sales calls pitching you on our latest product line – but if you do need more help at any time, we are here for you to recommend experts who can offer top tier tax and legal advice.
What is a service of process?
A service of process is a lawsuit filed against a company. Every state has enacted laws that there must exist a registered agent to receive service of process upon a legal entity. Much as a person can be served papers, a corporation can be served papers. Because you are afforded a corporate distinction as long as you maintain a corporate veil, your company is operating as a separate legal entity.
In order for this legal entity to receive a service of process, there must be a registered agent to accept the service of process on the company’s behalf. In reality, a service of process is fairly rare, but if and when they do occur, we handle the claim quickly and get you the help we need. Not only will you receive automatic updates to your email and up to 5 additional emails, you’ll be able to immediately view the service of process on our secure database. Before you respond to the service of process, understand that Registered Agent worldwide has direct lines to lawyers and accounts who can help you respond in the appropriate fashion, no matter what the service of process may be.
Receiving a service of process isn’t something you need to worry about, especially when you have a professional registered agent. If you were to pick a random dude to be your registered agent, perhaps you might have some concern about a service of process. However, at Registered Agent worldwide- the only internationally recognized Registered Agent service with offices in 50 states and 31 countries worldwide, your service of process will be handled quickly and professionally, allowing you to immediately get the help you need to respond to the service of process.
You shouldn’t be afraid of a service of process, especially if you have taken steps to ensure the asset protection of your important business assets.
The Series LLC
Series LLC Incorporation Information
There is a relatively new legal entity called the Series LLC that is being promoted heavily by States attempting to profit off of this “money-saving-device” which effectively groups several LLC’s into one LLC.
What You need to Know About Series LLC’s
You might think that you might be saving money by using a “Series LLC” but in all likelihood you could end up paying considerably more in the event of a lawsuit – plus – at $600-800 per year, they are hardly cheap.
Lots of people think that they are saving money by starting a series LLC in a state like California.
You may be saving money until your financial safety net is ripped apart by a lawsuit, and all of the assets held in the series LLC are available for predatory creditors to steal away from you.
Don’t Set Up A Series LLC
California has some of the worst business laws surrounding LLC’s – first and foremost, you should never have a California LLC. This is because California law makes it very easy for creditors to shut down your business in the event of a lawsuit.
In other, pro business states, the sole remedy is a charging order. This means that the creditors will have to wait until profits are distributed before they can stake a claim to your company.
Without confusing the reader with complicated legal jargon, In California, your business can easily be dismantled in the event of a lawsuit. Furthermore, you may lose all of your personal assets as well – if the corporate veil is pierced – which may be relatively easy with a series LLC.
Series LLC’s are unproven in the courts of the United States, and you certainly don’t want to be the one to establish the new caselaw.
Courts rely on precedent caselaw to make judgements concerning a specific case, and therefore, you want to establish your LLC in a state with
1. Pro-business laws where the sole remedy is a charging order
2. Established, precedent caselaw
The best States for U.S. incorporation are Wyoming, Delaware and Nevada, and these States also allow you to keep your name off of the state register when you sign up the LLC.
The Series LLC is anything but proven! Does anyone even know if there will be inside protection from a series LLC? NO! And you certainly don’t want to be the first to find out.
THINGS TO REMEMBER
- You have the right to set up a corporation or LLC in any state and do business in another state.
- Series LLC’s are expensive and don’t offer any advantages over separate LLC’s.
- Never set up an LLC in a state that doesn’t have strong, established pro-business caselaw.
- Segregating your assets is very important, and you should have a different LLC, or possibly IBC for each important asset in your portfolio.
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