How To Incorporate In Wyoming
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1. Choose a Name for Your Wyoming Corporation
Check on Available Names in Wyoming: You need to choose a name for your corporation that is unique. The name that you choose cannot be in use by another corporation that is registered in the state of Wyoming. Before you file to incorporate, search online records as well as other registers and catalogs to determine that the name that you have chosen is available. You can search a database of registered Wyoming corporations here: Wyoming Corporation.
Reserve a Corporate Name: Corporate name reservations are not required in order for you to incorporate your small business in Wyoming. There is no form to reserve a corporate name available to download on the official website of the Wyoming Secretary of State. If you have questions about reserving a name for your corporation before you file to incorporate your small business, contact the office of the Wyoming Secretary of State.
Filing Trademarks and Doing a Corporate Name Search: The name that you have chosen for your corporation may be available in Wyoming, but it is possible that the name that you have chosen is in use by a registered corporation in another state. You could run into restrictions on your use of the name that you have chosen for your corporation. An attorney can advise you about these potential restrictions and show you what you need to do to trademark the name of your corporation.
Wyoming Corporate Name Requirements: Keep in mind that corporate names in most states generally need to include the word “corporation,” “incorporated,” “limited,” “company,” or an abbreviation of one of these words.
2. Find a Registered Agent in Wyoming
You need to choose a registered agent who will act as an agent for service of process for your corporation. Your registered agent will receive all tax forms and legal documents for your corporation. You can indicate an adult resident of Wyoming, a corporation in Wyoming, or a corporate services company as your registered agent. You can find a list of corporate services companies that provide registered agent services online at Register a Wyoming Corporation.
3. File Articles of Incorporation with the Wyoming Secretary of State
Minimum Requirements: Next, after you have chosen a corporate name and a registered agent, you need to create Articles of Incorporation for your corporation. You should submit the completed Articles of Incorporation document to the Wyoming Secretary of State. You can download a form for creating Articles of Incorporation online at File a Wyoming Corporation. The Articles of Incorporation of your corporation must include the name of your corporation, the name and address of your registered agent, the mailing address of your corporation, the address of your main corporate office, the number of shares authorized by your corporation, and the name and address of each of the incorporators. Each of the incorporators and the registered agent will need sign the Articles of Incorporation before you submit the document to the Secretary of State.
Other Wyoming Legal Provisions: You may want to include other legal provisions in addition to the minimum requirements in your Articles of Incorporation. An attorney can help you to include the most relevant and beneficial additional legal provisions.
Where to Submit Form: You will need to submit the original signed Articles of Incorporation document and one photocopy to the office of the Secretary of State, State Capitol Building, Room 110, 200 West 24th Street, Cheyenne, WY 82002-0020.
Filing Fee: The filing fee for Articles of Incorporation in Wyoming is $100.00.
4. Create Other Wyoming Incorporation Documents (Corporate Kits)
After you have filed Articles of Incorporation with the Secretary of State, you can begin to take other actions in your corporation such as appointing officers and directors, adopting corporation bylaws, issuing stock certificates, obtaining a tax ID number, and acquiring the appropriate business license. You can also begin to draft other types of corporate documents such as buy-sell agreements, shareholders agreements that determine when stock can be sold, and documents that describe what will happen if an owner decides to leave the company. These types of corporate documents can prove to be incredibly useful, especially for corporations that have multiple owners. You can turn to an attorney or a professional corporate service company for help in drafting these important documents so that you can be sure to comply with all legal requirements.
5. Qualify Your Wyoming Corporation to Do Business in Other States
Your corporation needs to qualify to do business in other states. If your main corporate office is located outside of Wyoming, you need to qualify your corporation to do business in that state. Most states require corporations to qualify to do business and will require you to pay taxes in your home state. You can find more information about qualifying your corporation to do business in other states online at Doing Business in other states.
6. Make Annual Filings and Pay Annual Fees and Taxes in Wyoming
All corporations that are registered in Wyoming are required to file an annual report. Your annual report will be due each year on the first day of the month that you filed to incorporate your small business. You can download the form for this report at Incoporate in Wyoming or file online at Wyoming Corporation Fee. The report allows you to indicate the name and address of your registered agent and the names and addresses of the principal officers and directors of the corporation. You will be required to pay an Annual Report License tax. Contact the office of the Wyoming Secretary of State for more details.
Your Wyoming corporations will be subject to state taxes. You need to file taxes yearly. The state of Wyoming does not have a corporate tax, but you can learn about the other taxes that apply to your corporation online at the official website of the Wyoming Department of Revenue: Wyoming Corporation Tax. An accountant can help you to prepare your tax documents so that you avoid mistakes that could end up costing you extra taxes.
You will face many complex decisions when you are in the process of incorporating your small business. You should consult an attorney and an accountant during the process of incorporating your small business. With the proper counsel, you can have confidence that your paperwork is being prepared correctly.
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This site is for informational purposes only and does not constitute legal, financial or tax advise. The information on this site should not be relied upon as an official source of information and should be independently verified.