What is a Wyoming LLC Annual Report?
The Wyoming LLC annual report serves two purposes for Wyoming:
Maintaining Accurate Business Records: It allows the state to track active businesses and ensure their information remains current.
Revenue Generation: The state collects a filing fee for processing annual reports. The fee is typically $62, but for LLCs with assets exceeding $300,000, it’s calculated as $0.0002 per dollar of total assets.
When is the Filing Deadline?
Your annual report is due on the first day of the month your LLC was created. For instance, if your LLC was formed on January 25th, your annual report would be due on January 1st of each year.
What are the Filing Costs?
Standard Fee: $62
Assets Exceed $300,000: $0.0002 per dollar of total business assets
Where to File?
You can file your report electronically on the Wyoming Secretary of State’s website: https://wyobiz.wyo.gov/Business/ARWizard.aspx
What Are the Consequences of Not Filing?
Failure to file your annual report can result in the Wyoming Secretary of State dissolving your business within 60 days.
Is It Public Record?
While Wyoming requires an authorized person to sign the annual report (either physically or electronically), you can appoint someone else to file it on your behalf. This keeps your personal information out of the public record.
How Do I File it?
Visit https://wyobiz.wyo.gov/Business/ARWizard.aspx to access the online filing portal.
Locate Your Filing ID: You’ll need your LLC’s unique filing ID number assigned during formation. Enter this ID number on the website to proceed.
Review and Verify Information: The website will display your LLC’s current information on file, including business address, registered agent details, and other contact details. Carefully review this information and make any necessary corrections to ensure accuracy.
Authorized Signature: An authorized person within your LLC needs to electronically sign the report. This doesn’t have to be a member of your LLC; it can be anyone authorized to sign legal documents on behalf of the business. This can be a useful option if you’d like to keep member names out of the public record.
Submission and Payment: Once you’ve reviewed and confirmed all information, submit the completed report. The filing fee is typically $62, but if your LLC’s assets exceed $300,000, there may be a calculated fee instead. The website will guide you through the payment process.
By following these steps, you can efficiently file your Wyoming Annual Report and keep your LLC in good standing with the state.
How Can Monarch Help?
All Monarch Business Kits include compliance reminders for your annual report or you can sign up for our annual compliance nominee service for $100 per year, plus the state filing fee. This service takes care of the filing process for you.