Wyoming foundation
An ownerless, foundation-style entity similar to civil-law private foundations. It is used for wealth planning and protocol governance.
- Entiva fee to form
- $259
- Government fees to form
- $250
- Run plan
- $39 a month
- Steps to form
- 5
- Ongoing filings
- 5
- Ways to close
- 2
Who it suits, and what defines it.
Governed by the W.S. 17-30.
Who it suits
- Wealth planning.
- Protocol governance.
Key facts
- Ownership
- Ownerless
- Formation fee
- $250 for the articles of formation
- Annual report
- $100, in the anniversary month
- Registered agent
- A Wyoming registered agent is required
- Cancellation
- By certificate of cancellation
- Dissolution risk
- If the annual report is unpaid 60 days after due
- Statute
- W.S. 17-30
What the law requires.
4 rules, each in plain words.
Articles of formation
Filed with the Wyoming Secretary of State for a fee of $250.
A Wyoming registered agent
The registered agent receives legal papers served on the foundation.
An annual report and $100 fee
Due on the first day of the anniversary month of formation, and it can be filed up to 120 days early.
Dissolution if the annual report goes unfiled
Dissolution risk starts if the report is unpaid 60 days after it is due.
How Entiva forms it.
5 steps. Entiva prepares and files each one, and collects every signature the law needs.
The steps
5 steps- 1Reserve the foundation nameOnly if needed
Optional. Holds the name with the state so the articles can use it later.
- 2Appoint a Wyoming registered agent
Required. The registered agent receives legal papers served on the foundation.
- 3File the articles of formation
Wyoming fee: $250.
- 4Get an EIN from the IRS
The EIN is the foundation's IRS tax number. It is free and applied for online, or on Form SS-4.
- 5Authorise Entiva to act with the IRSOnly if needed
Optional. Form 2848 lets Entiva represent the foundation. Form 8821 only gives access to tax information.
Documents
8- Articles of formation of a Wyoming statutory foundation
- Registered agent consent to appointment
- Consent to act, one per director and protector
- Operating agreement
- Source of wealth evidence
- Source of funds for the endowment
- State filing receipt
- Stamped articles from the state
Who takes part
6- Every founder: ID and address checked, with source of funds and wealth reviewed
- Every director of the foundation council: identity and address checked
- Protectors: identity and address checked, as for directors
- Named beneficiaries: identity and address checked at or before distribution
- Individuals with 25% or more of rights, or control: identity and address checked
- A communications contact for the registered agent: photo ID and a live check
What has to be filed, and when.
Entiva tracks every deadline from the day it is formed, and files before each one.
Every year, and as things happen
5 filings- File the Wyoming annual report and pay $100
First day of the anniversary month of formation
- File the foreign bank account report (FBAR)
April 15, extended to October 15. Only if there are foreign accounts
- File Forms 1099-NEC and 1099-MISC for contractors
January 31 for Form 1099-NEC
- File Forms 1042-S and 1042 for payments to foreign persons
March 15, only if payments go to foreign persons
- File the federal tax return
Due date of the form that applies; the form depends on tax classification
The changes Entiva handles.
Each change is prepared, approved, signed and filed.
The most common changes
10 changes- Change the registered agent
- Amend the articles, if they allow it
- Correct an error in a filing
- Move a foreign foundation into Wyoming
- Order a certificate of good standing
- Issue a secretary's certificate for a bank or counterparty
- Issue an incumbency certificate (who holds office)
- Change the IRS responsible party
- Change the IRS mailing address
- Register a trade name
How it closes.
2 routes. The right one depends on whether it can pay its debts, and who starts it.
Voluntary cancellation
The foundation is dissolved under its articles or the statute.
- 1
The governing body decides to dissolve
- 2
Wind up the foundation under W.S. 17-30-901
- 3
File the final tax return
- 4
File a certificate of cancellation
- 5
Close the IRS business account (EIN)
Administrative dissolution
The state dissolves the foundation when the annual report is unpaid.
- 1
Record the state's dissolution
- 2
Revive the foundation
What Entiva does for you.
From the first filing to the last.
Wyoming foundation
- Files the articles of formation with the Wyoming Secretary of State.Formation
- Collects source of wealth and source of funds evidence from the founders.Formation
- Names the Wyoming registered agent and office, and records the individual contact the registered agent holds.Ongoing
- Applies for the foundation's EIN online once the responsible party signs.Formation
- Files the $100 annual report each year.Ongoing
Build it with the API.
Every step on this page is an action in the Entiva API, with its documents, signatures and filing.
What it costs, item by item.
Every Entiva fee and every government fee, from forming it to closing it.
Forming it
$259one-off
- Government fees
- $250
Steps marked only if needed are not counted.
Closing it
Quoted before it starts
- Entiva fee
- Fixed, quoted first
- Government fees
- At cost
Included in the Run plan
- Registered agent in your state
- Company secretary
- File Forms 1099-NEC and 1099-MISC for contractors
- File Forms 1042-S and 1042 for payments to foreign persons
- File the federal tax return
- Routine changes
- Every deadline tracked
Extra, at a fixed fee
- File the foreign bank account report (FBAR)
- Move a foreign foundation into Wyoming
Each extra is quoted before it starts, and nothing is done until you approve it.
Forming it
Entiva's formation fee is $259, one-off. Government fees are passed through at cost.
Delaware $75 for a 120-day reservation.
Wyoming $250. Online card payments add 2.4%.
Excludes steps marked only if needed.
Every year
The Run plan costs $39 a month ($468 a year).
Late: administrative dissolution; reinstatement tax $100, or $350 if dissolved for having no registered agent.
Changes
Routine changes are included in the Run plan.
Delaware: $50 for corporations, LLCs, LPs and partnerships; expedite 24-hour $100, same-day $200. Wyoming $5. Nevada $60.
Delaware: corporation amendment or restated certificate $214; LLC $220; LP $200; statutory trust $500. Nevada $175. Wyoming $60.
Delaware corporations: $199, $214, $234, $259, $224, $2,599. Delaware LLC $220; LP/LLP/GP $200; statutory trust $500. Wyoming $60, $25.
Delaware figure: corporate domestication $234, plus incorporation from $109. LLC domestication $220. LP $200; statutory trust $500. WY $100.
Delaware short form $50; long form $175. Wyoming free online, $20 on paper. Nevada $50.
Notary fee applies if notarised; a Delaware apostille is $30 per document.
Notary fee applies if notarised; a Delaware apostille is $30 per document.
Wyoming registration $100.
Closing it
Closing is a fixed-fee project, quoted before it starts.
Delaware corporation revival $189 plus all back taxes, penalties and interest; LLC revival $220; LP $200; LLP/LLLP reinstatement $200; foreign corporation reinstatement $125.
Entiva fees are in US dollars. Government fees are in the currency each authority charges, passed through at cost when the filing is made. Taxes are separate.
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