How Long Does It Take To Form An LLC In Wyoming? (Guide)
If you want to start a business in Wyoming, several factors can affect the timeline of your application.
As an expert in business formation and legal compliance, I've helped many entrepreneurs navigate the complexities of forming an LLC in Wyoming.
For more efficient processing of your application within the regular timeframe, you might want to contemplate engaging an LLC service in Wyoming.
Their experts possess a deep understanding of the required documents and the proper submission procedures to the Secretary of State, ensuring a streamlined process.
In this article, you'll learn how long it typically takes to form and launch an LLC in Wyoming.
Quick Summary
- It takes one day to form an LLC in Wyoming if you file online, and 15 business days if you apply by mail.
- Once the LLC is approved, the Wyoming Secretary of State will issue a Certificate of Organization and the LLC will be officially formed and ready to conduct business.
- Wyoming's ability to add 27,392 jobs, as noted by the US Small Business Administration, is a testament to the state's efficient business formation process, where forming an LLC can take just one business day, facilitating rapid business startup and expansion.
- In my opinion, the simplicity and speed of Wyoming's LLC formation process significantly enhance the state's appeal as a prime location for new business ventures.
What is The Fastest Way to start an LLC in Wyoming?
The fastest way to start an LLC in Wyoming is by filing through the state’s online portal. The processing time is typically 1 business day, and the company becomes operational immediately after the process is concluded [1].
In my experience, you must create an account using your business name, a valid email address, and credit card details. You will also need to pay the filing fee of $102 before you can complete the process.
LLC Processing Time in Wyoming
The following are the LLC processing times for different filing methods in Wyoming. Expedited processing by mail is not currently offered in the state of Wyoming. Based on experience, the documents are filed in the order that they were received [2].
1. Non-Expedited Wyoming LLC Processing Time By Mail (15 business days)
You can mail your LLC formation documents to the Wyoming Secretary of State's office. Non-expedited option takes a period of 15 days or less to be completed. Make sure to include all the necessary information, such as the following:
- Name of your business entity
- The address of your business
- Registered agent’s contact information
- Signature of an authorized person
2. Wyoming LLC Processing Time Online (1 business day)
In my experience, LLC online processing is the quickest way to file, process and approve your application for an LLC in Wyoming, since it only takes 1 business day. See our article for the exact cost of an LLC in Wyoming.
Factors Influencing the Formation Timeline of Wyoming LLCs
While the process is extremely fast, it may take longer due to several factors.
"The average time to form an LLC in Wyoming is 15 days; however, this duration can extend due to various factors including application timing (such as weekends and holidays), seasonal periods, and incomplete or inaccurate documentation."
-Jon Morgan, Co-Editor & Co-Founder of Venture Smarter
Let's examine some of these factors in detail:
- Documents: The processing time may be extended if the documents submitted contain inaccurate information or lack necessary details. It may take another 15 days to file and process a Statement of Correction [3].
- Time of year: Applying for an LLC in Wyoming may be prolonged if you file at the beginning or the end of the year due to the large volume of documents the state has to process during this time. To avoid delays, I always advise clients to when annual reports or tax deadlines are not due for other limited liability companies.
- Weekends and holidays: Since government agencies do not typically conduct business on weekends and holidays, your LLC application may take longer to process if you filed just before the weekend or during the holiday season.
Despite these potential delays, Wyoming's business-friendly environment has led to the opening of 3,239 establishments between March 2021 and March 2022, as reported by the US Small Business Administration [4].
FAQs
Where Can I Check the Status of My Wyoming LLC Formation During the Processing Period?
You can check the status of your Wyoming LLC formation during the processing period by contacting the Secretary of State or checking the online platform.
Can a Registered Agent Expedite the Process of Forming an LLC in Wyoming?
No, a registered agent cannot expedite the process of forming an LLC in Wyoming because the process is determined by the Secretary of State's office.
References:
- https://sos.wyo.gov/Business/docs/HowToCreateAWyomingCompany.pdf
- https://sos.wyo.gov/forms/business/llc/llc-articlesorganization.pdf
- https://sos.wyo.gov/Forms/Business/LLC/LLC-StatementCorrection.pdf
- https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-WY.pdf
