Limited Liability Co. / Business Organizations Wyoming was one of the first states in the modern era to establish this relatively new form of business entity, which allows a business to enjoy some of the liability limitations of a corporation, but with the corresponding tax advantages of a partnership. It also allows for nearly unlimited flexibility in business management and structure and the entity may be individually tailored to meet the particular needs of the business. The entity may be used for professionals, real estate investments, and entities that would otherwise be corporations, but want the flexibility and limited liability of the LLC. Many business entities, though operating elsewhere, have formed themselves under Wyoming law in order to take advantage of the considerations outlined above. It is vitally important that the entity be formed strictly according to the requirements of Wyoming law. If not, the entity may not be able to take advantage of the entity's favorable qualities and severe financial and liability consequences may result. Our firm is ready to advise the client on whether the LLC or some other entity is the best business form for the client. If the LLC form is chosen, the firm also has experience in preparing the proper articles of organization and other necessary start-up documentation. Also, the firm is prepared to provide ongoing advice to the client and to hold the required meetings and provide the necessary documentation to the state authorities to insure that the client retains the LLC designation into the future. Cheyenne Office : Graves, Miller & Kingston 408 West 23rd Street Cheyenne, Wyoming 82001 Phone (307) 638-8885 Fax (307) 637-4850 Sheridan Office: Graves, Miller & Kingston 10 West Ridge Lane Sheridan, Wyoming 82801 Phone (307) 672-9686 Fax (307) 674-0311 Toll Free Number: 800-765-8885
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