Wyoming Agent Agreement
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How to fill out Agent Agreement?
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FAQ
An individual may serve as the registered agent for a business entity if they: are at least 18 years of age, reside in Wyoming, and have a physical Wyoming address which is not a PO box, drop box, mail forwarding service, UPS store, etc.
Wyoming has many advantages over other states for building an LLC. It has no state income tax, filing and reporting costs are low, members' privacy is assured, and it has charging order protection laws.
The main differences between Wyoming LLCs and Delaware LLCs are cost and reputation. Wyoming LLCs provide stronger privacy, stronger asset protection, and lower fees. Delaware LLCs are more expensive to maintain, but Delaware has the reputation of being home to Fortune 500 companies.
Disadvantages of creating an LLC Many states also impose ongoing fees, such as annual report and/or franchise tax fees. Check with your Secretary of State's office. Transferable ownership. Ownership in an LLC is often harder to transfer than with a corporation.
Wyoming does not levy state and business taxes on LLCs. This is helpful for Wyoming residents since they won't have to pay double taxes. Being one of the zero-income tax states, Wyoming remains appealing to many LLC owners. It also implements zero corporate tax, franchise tax, and stock tax.
Wyoming's charging order protection laws are effective for members to protect their LLC assets and ownership from creditors. However, that protection does not extend outside of Wyoming. Members living out of state will have to deal with different laws protecting their LLC assets from garnishment by creditors.
Wyoming Statutes § 17-29-110: Though Wyoming does not legally require an operating agreement for an LLC, having one is strongly recommended. This document includes provisions for the regulation of business affairs of the company and its members, as well as managers.
An LLC taxed as a C-corp will pay the 21% federal corporate income tax, but because Wyoming does not have a state-level corporate income tax, you won't have to worry about added tax bills on corporate profits.