Free Wyoming LLC Operating Agreement Template

A Wyoming LLC operating agreement outlines your company’s structure, ownership, and procedures. It explains how decisions are made, how profits are distributed, and what happens if a member leaves or the business dissolves.

While Wyoming law doesn’t require LLCs to have an operating agreement, it’s strongly recommended. Without one, your company will be governed by the state’s default LLC laws, which may not align with your business goals.

Creating this document provides structure, prevents misunderstandings, and reinforces your LLC’s limited liability status.

LLCs in Wyoming are governed by the Wyoming Limited Liability Company Act (Title 17, Chapter 29).

Key sections related to operating agreements include:

• §17-29-110 — Scope, function, and limitations.
• §17-29-111 — Effect on LLC and members, including preformation agreements.
• §17-29-112 — Effect on third parties and relationship to LLC records.

LLC formation and maintenance fees in Wyoming:

• Articles of organization: $100 ($102 online)
• Name reservation: $60
• Annual report license tax: $60 or 0.0002 of total assets, whichever is greater

Wyoming is known for its business-friendly tax environment — there’s no state income tax for individuals or corporations.

Follow these steps to form your LLC and set up your operating agreement in Wyoming:

1. Choose a business name: Select a unique name that reflects your company and complies with state naming rules. Use the Wyoming business name search tool to check availability. You may reserve a name for 120 days through the Secretary of State.
2. Appoint a registered agent: Every LLC must have a registered agent with a physical address in Wyoming. This person or company receives legal and tax correspondence on your behalf. You can choose someone within your company or find one using the Wyoming Commercial Registered Agent Roster.
3. File your articles of organization: File online via the Wyoming Business Portal or mail your documents to the Secretary of State. You’ll need to include your LLC’s name, registered agent details, mailing address, organizer’s signature, and the registered agent consent form.
4. Pay the filing fee: The filing fee is $100 ($102 if submitted online). You can pay by check when filing by mail or by credit card when submitting online.
5. Create your operating agreement: Draft your LLC’s operating agreement to define member roles, voting rights, profit allocation, dissolution rules, and more. Use Document Genius’s guided builder to generate a professional, compliant agreement tailored to your business.
6. Obtain an employer identification number (EIN): Apply for free through the IRS website. You’ll need your EIN to open a business bank account, hire employees, and handle taxes.
7. File your annual report: Submit your annual report online each year on or before your LLC’s formation anniversary. This filing ensures your company remains in good standing.