The Wyoming Secretary of State (SOS) supervises the management of numerous matters. The latter includes business registration, registered agents, statewide elections, trade names, trademarks, etc.
However, the main responsibility of WY SOS is to keep a long list of records. On the other hand, there is a long list of papers that a resident has to submit to the Office of SOS. The documents include elections, businesses, and even stocks.
In our article, we will describe the operational logic of the WY SOS Business Division. Read on to get acquainted with its operational nuances.
Since 2016, The WY SOS has offered online filing of numerous documents. Thus, one may use an online filing system and create a Corporation or LLC in a matter of minutes.
The process of entity formation involves two main steps; filling out a form and making a payment with a debit card or credit.
However, before actual filing, one should conduct a name availability check through the Wyoming Secretary of State Business Entity Search System. Then, an individual should confirm his compliance with WY statutes on entity filing and make a payment.
The fee may range between $50 and $100. Besides, the online filing includes a $2 convenience fee.
After successful completion of the process, the person receives a filing number that is a 10-digit number assigned by the WY SOS to each organization, name reservation, or name registration. Hence, if you are not sure about the filing number, perform a Business entity search by name and check the filing number among the search results.
The number of the WY Secretary of State is 307-777-7378. Contact them to receive answers to all your questions.
To start a business entity in WY, a person should follow these three steps:
Appointment of a registered agent
Choosing a name for the corporation
Filing Articles of Incorporation with the WY SOS
The procedure of document filing can be undertaken both by mail or online. The articles cost $100 to file. Consequently, once filed with the Office of the SOS, your WY corporation receives formal status.
The cost of creating a business organization in WY involves:
Articles of incorporation - $100
Name reservation - $60
Registered agent service - $49
Annual report - $62
The state income and corporate taxes are non-applicable.
To start a corporation, a person should select a registered agent, hold an executive meeting, and file articles of incorporation with the WY SOS.
Just take the following easy steps to start a corporation.
Firstly, name your corporation.
Secondly, appoint a registered agent.
Then hold an organization meeting to file and execute the Articles of Incorporation, select initial directors, and determine the structure of the entity.
Finally, file the Articles of Incorporation.
Filing is possible online or by mail.
After completion of the filing procedure, receive your employer identification number (EIN).
All information on the status of a corporation is accessible on the website of the WY SOS. Hence, perform a WY SOS business entity search and have all the necessary data in front of you.
The website of the WY SOS maintains records of all business entities operating here. Thus, a person may use this database for free and obtain information on existing or dissolved entities.
Generally, LLCs are owned by individuals and can have one or several owners. So, the owners may decide whether an LLC will expire on a certain date or not. Moreover, to keep the active and good standing status of an LLC, the owners should follow their state filing requirements and good standing statuses.
To search for a company title, use the website of the SOS. The latter also allows searching with a filing name, filing ID, or entity name. Consequently, the system will generate all the names related to your query and their availability.
The WY business license cost starts from $50. However, LLCs can be registered at a higher fee. On the other hand, non-profit organizations and charities don’t pay any fees for basic registration.
For detailed information on the business registration process, contact the WY SOS Business Division.
Phone: 307-777-7311
Email: [email protected]