FAQ Section Test

Frequently Asked Questions

How do I form an anonymous LLC in Wyoming from out of state?

You can form an anonymous LLC by hiring a Wyoming Registered Agent who provides a business address and handles filings. Your name won't appear on public documents. For full anonymity, consider pairing this with a nominee service.

If I form a Wyoming LLC but live elsewhere, am I considered operating in my home state?

It depends on your business activity. If you conduct substantial business (e.g., meet clients, have employees) in your home state, you may be "doing business" there and need to register as a foreign LLC. A Wyoming LLC acting as a holding company or for online activities may not trigger this.

Is a Wyoming LLC better than my home state LLC for an online business?

Wyoming offers strong privacy, no state income tax, and low annual fees. If your online business doesn't require a physical presence in your home state, Wyoming can simplify compliance and reduce costs.

Does Wyoming really keep LLC ownership private?

Yes, Wyoming does not require disclosure of members or managers in public filings. However, starting in 2024, federal BOI reporting (FinCEN) will require disclosure of beneficial owners to the federal government (not the public).

Can I use a Wyoming LLC for stock trading to avoid CA/NY franchise taxes?

Possibly, but it depends on your state's laws. If you're actively trading from your home state, you may still be subject to local taxes and registration. Consult a tax professional familiar with your state's rules on "doing business."

If I form a Wyoming LLC but operate in Texas, do I need to register there too?

Yes, if you're "transacting business" in Texas, you must register your Wyoming LLC as a foreign LLC with the Texas Secretary of State and comply with Texas tax and reporting requirements.

When do I apply for an EIN, and whose name goes on the bank account?

Apply for your EIN after your LLC is approved. For banking, you'll use your LLC's name and EIN. The bank will require a resolution or authorization identifying you (the member or manager) as authorized to act on behalf of the LLC.