SF0093 • 2023

Limited liability company reporting.

AN ACT relating to limited liability companies; requiring reporting of specified owners of limited liability companies; providing a definition; and providing for an effective date.

Inactive

Wyoming marks this bill as inactive, which usually means it is no longer moving in the current session.

Sponsor: Senator Case
Last action: 2023-02-07
Official status: inactive
Effective date: 3/1/2023

Plain English Breakdown

The official source does not provide a detailed summary or digest that supports additional details beyond what is explicitly stated in the bill text.

Limited Liability Company Reporting

The bill requires limited liability companies to report information about their owners and assets in Wyoming.

What This Bill Does

Requires limited liability companies organized under Wyoming laws or foreign LLCs with a certificate of authority to file an annual report with the secretary of state.
Includes details about the company's capital, property, and assets located in Wyoming.
Requires reporting if the owner is a trust, including information about trustees.

Who It Names or Affects

Limited liability companies operating in Wyoming
Foreign limited liability companies doing business in Wyoming

Terms To Know

Beneficial owner: A member of a limited liability company that owns fifty percent (50%) or more of the interests in the profits from the limited liability company.

Limits and Unknowns

The bill is marked as inactive and has died in committee.
It does not specify penalties for non-compliance with reporting requirements.

Bill History

2023-02-07 Senate
S:Died in Committee Returned Bill Pursuant to SR 5-4
2023-02-06 Senate
S No report prior to CoW Cutoff
2023-01-24 Senate
S07 - Corporations:Do Pass Failed 2-3-0-0-0
2023-01-11 Senate
S Introduced and Referred to S07 - Corporations
2023-01-11 Senate
S Received for Introduction
2023-01-11 LSO
Bill Number Assigned

Current Bill Text

Read the full stored bill text

23LSO-0539
2023
STATE OF WYOMING
23LSO-0539
Numbered
2.0

SENATE FILE NO. SF0093

Limited liability company reporting.

Sponsored by: Senator(s) Case and Representative(s) Stith

A BILL

for

AN ACT relating to limited liability companies; requiring reporting of specified owners of limited liability companies; providing a definition; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.

W.S. 17
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29
‑
209(a) is amended to read:

17
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29
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209.

Annual report for secretary of state.

(a)

Every limited liability company organized under the laws of this state and every foreign limited liability company which obtains a certificate of authority to transact and carry on business within this state shall file with the secretary of state on or before the first day of the month of organization of every year a certification, under the penalty of perjury, by its treasurer or other fiscal agent setting forth its capital, property and assets located and employed in the state of Wyoming. The statement shall give the address of its principal office.
If a beneficial owner of the limited liability company or foreign limited liability company is a trust, the statement shall include the identity of the trust and the identity and contact information of the trustees of the trust.
On or before the first day of the month of organization of every year the limited liability company or foreign limited liability company shall pay to the secretary of state in addition to all other statutory taxes and fees a license fee based upon the sum of its capital, property and assets reported, of sixty dollars ($60.00) or two
‑
tenths of one mill on the dollar ($.0002), whichever is greater.
As used in this section, "beneficial owner" means a member of a limited liability company that owns fifty percent (50%) or more of the interests in the profits from the limited liability company.

Section 2
.

This act is effective July 1, 2023
.

(END)

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SF0093