A Wyoming certificate of good standing confirms that a limited liability company (LLC) or corporation was founded lawfully and is being properly maintained.
We will explore the qualifications for good standing and how to get a certificate of good standing in Wyoming in our Certificate of Good Standing Wyoming guide.
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How Do I Obtain a Wyoming Certificate of Good Standing?
You may get your Wyoming certificate of good standing from the Secretary of State.
There are two major processes involved in obtaining your certificate of good standing:
1. Maintain your LLC’s compliance
2. Request a certificate of good standing.
What exactly is a good standing certificate? A certificate of good standing is a state document that confirms your company was created lawfully and has been properly maintained.
Step 1: Ensure that your Wyoming business is in compliance.
To be eligible for a Wyoming certificate of good standing, your company must meet the following state compliance requirements:
Permits and Licenses
To run a company in Wyoming, you must adhere to federal, state, and municipal licensing requirements. Regulations such as health permits and construction permits are examples of this.
The Wyoming Business Council website has further information on state licensing requirements.
State levies
Depending on your company activity, you may be required to register for several types of Wyoming state tax. Sales tax, withholding tax, and Unemployment Insurance (UI) tax are all examples of this.
Wyoming has no state withholding tax.
Reports on a Year
Wyoming LLCs and companies are required to submit an annual report. This report validates the fundamental details of the company, such as its primary office location, registered agent information, and Wyoming-based assets.
The annual report is due on the first day of the month in which the company was established. It is submitted with the Secretary of State online. The filing cost is $50, or 0.0002% of the total amount of the company’s assets (whichever is greater).
Step 2: Obtain a Wyoming Certificate of Good Standing.
Once your company is in good standing with the state, you may apply to the Secretary of State for a Wyoming certificate of good standing. This is something that can be done online.
Is a Certificate of Good Standing Required in Wyoming?
While you don’t always require a certificate of compliance to operate a company in Wyoming, there are a few times when you may. These are some examples:
Purchasing commercial insurance
Applying for commercial loans
Setting up a business checking account
Getting a business license in another state
