What is a Wyoming Partnership?
A Wyoming partnership is a partnership formed in and governed by the statutes provided by our state legislature. Our state legislature has, for years, been committed to providing entrepreneurs with strong business entities designed to maximize protection and security. Below, you’ll find access to detailed explanations of each Wyoming partnership type.
Why Form a Wyoming Partnership
Low Business Taxes, Strong Asset Protection, Wyoming Partnerships Provide Entrepreneurs with Some of the Strongest Business Advantages in the Nation!
Partnerships are one of Wyoming’s oldest business structures. Before the time of limited liability partnerships, if you wanted to go into business with someone, you made an agreement and opened shop. Of course, today you’ll have to make a choice between Wyoming’s many partnership structures. Find the right Wyoming partnership for your enterprise below:
Different Wyoming Partnership Types
|General Partnership||None||None||General partners are responsible and liable for all aspects of the business. No liability protections are afforded to the partners. Each partner has equal ownership.|
|Limited Partnership (LP)||Certificate of Limited Partnership||Yes, but limited to the investing partners. General partners have no liability protections.||Wyoming Limited Partnerships (LPs) are interesting concepts, as they consist of two different partnership types. Limited partners, who invest money into the partnership, and general partners, who operate and manage the business. LPs are often used to raise capital as the responsibilities of the limited partners is solely to capitalize the partnership.|
|Limited Liability Limited Partnership (LLLP)||Certificate of Limited Partnership||Yes, all partners have some form of asset protection.||Wyoming Limited Liability Limited Partnerships are a new type of partnership. Not all states allow the formation of LLLPs and not all states recognize these entities. Similar in structure to an LP, the limited partners capitalize the business and the generals partners manage and operate the business, however, LLLPs do offer some liability protections to the general partners as well.|
|Registered Limited Liability Partnership (RLLP or LLP)||LLP Statement of Registration||All partners are protected by the entity.||In a Wyoming Registered Limited Liability Partnership (RLLP or LLP), all partners are equally protected under our state’s partnership statutes. Each partner is allowed to enter the partnership into legally binding contracts and has equal ownership of the entity as all other partners.|
Wyoming Partnership Fees
|Wyoming Partnership (LP, LLLP, or LLP) Secretary of State filing fee||$100|
|Wyoming Partnership Annual Report fee (due every year on the first day of your Partnership’s anniversary month)||$52, if filed online|
|Best Wyoming Registered Agent Partnership formation fee||$50|
|One Year of Best Wyoming Registered Agent service||$50|
|Total Wyoming Partnership Cost:
For $200, we’ll form your Wyoming Partnership and give you a year of Wyoming registered agent service.
Wyoming Partnership Formation Simplified
Hire us to form a Wyoming partnership and we’ll take care of the rest. We love the state of Wyoming and want your business to succeed. If you hire us to form your partnership in Wyoming, you’ll receive nothing short of the best when you hire us. Every Wyoming partnership formation order include:
- The best customer service
We’ll answer your questions and explain what needs to be done to form your partnership today.
- Same day filings
Within one business day, we’ll complete and file your partnership formation documents with the Wyoming Secretary of State. Then we will notify you within minutes of receiving confirmation from the state that your partnership has been activated.
- Wyoming registered agent service
We provide clients with secure, online accounts; document tracking; e-document delivery; annual report reminders; access to pre-populated state forms; and the best Wyoming registered agent service. All documents we receive for your company will be uploaded to your account within minutes of receipt.
We are one of only a few registered agents in Wyoming that own our office. We don’t rent, and we certainly don’t operate out of a virtual office like some of our competitors. That means you can count on us for years to come. We’ll still be in the same location providing the best service in Wyoming.
If personal privacy is a concern, ask our customer service representative about our options for partnership privacy. We are not licensed to give legal advice, but we can address any concerns you have about keeping personal names off public documents in Wyoming.
- Fair price
If you hire another registered agent that owns their own office building in Wyoming, you will pay a steep price. However, we operate on a high-volume, low-cost business model, as we specialized in doing a few things extremely well. For that reason, we offer a highly competitive prices on all services.