Does Wyoming Allow Series LLCs? | Formation Guide
Does Wyoming allow series LLCs?
Yes. Wyoming permits series LLCs under Wyo. Stat. § 17-29-211. A series LLC is a single LLC that can establish multiple protected series, each with separate assets, liabilities, and members. This structure allows you to operate distinct business lines or hold separate investments within one entity while maintaining liability protection between series.
How Series LLCs Work in Wyoming
Each series functions as a quasi-separate entity for liability purposes. Creditors of one series generally cannot reach the assets of another series or the parent LLC. This makes series LLCs efficient for real estate portfolios, investment funds, or multi-unit business operations where you want compartmentalized risk management.
You file one Articles of Organization for the parent LLC, then establish individual series through internal documentation—no separate state filings required for each series.
Formation Requirements
File Articles of Organization with the Wyoming Secretary of State ($100 filing fee). Required contents include your LLC name, registered agent name and consent, Wyoming office address, mailing address, principal office address, and required email for service (Wyo. Stat. §§ 17-29-201, 17-29-203, 17-29-205).
Online filing through WyoBiz is available. Paper filings process in up to 15 business days. Once approved, draft an operating agreement establishing your series structure, capital contributions, and management terms.
Key Advantages
Wyoming's series LLC statute provides strong liability protection between series. Combined with Wyoming's charging order protection under Wyo. Stat. § 17-29-503, series LLCs offer robust asset protection. Creditors cannot seize member interests; they receive only a charging order for distributions.
Wyoming also permits anonymous LLCs—member names need not appear in public filings—and allows foreign owners. These features make Wyoming series LLCs attractive for privacy-conscious investors and multi-jurisdictional operations.
Important Limitations
Series LLCs are recognized under Wyoming law but not universally recognized in other states. Courts outside Wyoming may not enforce the liability separation between series. If you operate or hold assets in other jurisdictions, consult a multi-state attorney about recognition issues before relying on cross-series liability protection.
Next Steps
File your Articles of Organization online through WyoBiz or by mail. Once approved, draft an operating agreement establishing your series structure. Consider consulting a Wyoming business attorney to ensure your series documentation complies with both Wyoming law and your home state's requirements.
This is general information, not legal advice.