What's the total cost of a Wyoming LLC?

[banafinfodafuggiano]

What would be the annual cost of having a LLC in Wyoming as a non US resident?

I read there is an annual report to do for 50 USD but that's it.

And I heard there would be other fees like filing forms and stuff if you are a non-resident, but I did not quite understand.

 

[exprtadvisrdev]

Around $150 for registered agent, around $100 to fill state forms, the $50 annual state‌ fees and around $500 to pay an accountant to fill the 5472 for you

 

[banafinfodafuggiano]

Is the form really necessary? can you do it your self?⁠ Honestly 500 bucks for just a form seems a bit high

 

[exprtadvisrdev]

Yes it's a‍ must, yes you can do it yourself if you know about US forms and yes⁠ you will be penalized with $25000 if you don't fill the form 5472 correctly

 

[HODL]

What if you are not a US citizen?⁠ How do they enforce a penalization?

 

[exprtadvisrdev]

You will need to ask them to know about it, but‍ I guess because they will know where you are, who you are and what you⁠ have

 

[HODL]

So they are penalizing me personally, not the company, right?
If I live‍ in Russia there are not many things they can do to get that money from⁠ me.

 

[exprtadvisrdev]

As I said you will need to ask them to know about it, but yeah‌ I think if you live there then it could be difficult for them to get‍ the money

 

[CaptK]

Set up upto 500 and yearly costs about 500.