Limited Partnership LPUnited States · Wyoming
What it takes to form, own and run a limited partnership in United States · Wyoming, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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A general partner(s) is responsible for running the business's day-to-day operations and is fully liable for the obligations and debts of the limited partnership.
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A limited partnership consists of at least one general partner and at least one limited partner.
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In order to form a limited partnership a certificate of limited partnership shall be executed and filed in the office of the secretary of state. The certificate shall set forth:
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For filing a certificate of limited partnership or for an application for a certificate of continuance a fee of one hundred dollars ($100.00)
Form it
Who registers it
- Registry
- Formed without visiting
- Yes
- Formed online
- Yes
What it takes to form
- A notary
- Not required
- A resident director
- Does not apply
- Paying up the capital
- No paid-in requirement: the contribution of a partner may be in cash, property or services, or a promise to contribute them (W.S. 17-14-601); the certificate states what is contributed or to be contributed in the future (17-14-301(a)(v)).
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The contribution of a partner may be in cash, property or
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2
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A limited partnership consists of at least one general partner and at least one limited partner.
- A local company secretary
- Does not apply
- A local registered agent
- Required
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A registered agent for service of process on the limited partnership as provided in W.S. 17-28-101 through 17-28- 111.
Each year, at the registry
- Annual registry fee
- USD 60 (about €52)
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each limited partnership or foreign limited partnership shall comply with and pay the fees provided by W.S. 17-16-1630(a) through (e) and 17-16-120(j) as if it were a corporation.
- Accounts on the public record
- No
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Records kept under this section are subject to inspection and copying at the reasonable request, and at the expense, of any partner during ordinary business hours.
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the LP are in our records.
What is public
- Directors
- Public
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The name and the business address of each general partner;
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners+1 regime
Wyoming levies no state corporate or individual income tax (rate 0%, $0 collected FY24). A partnership files an information return and pays no federal income tax; profits pass through to the partners (IRS).
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Corporate Income Tax 0% (Note Art. 15, Sec. 18) $0
Special regimes that may apply
- Qualified opportunity zones free zone
Taxpayers with eligible gains who invest them in a Qualified Opportunity Fund holding property in a designated zone 26 U.S.C. § 1400Z-1 (designation) and § 1400Z-2 (deferral and exclusion), enacted by the Tax Cuts and Jobs Act of 2017, Public Law 115-97
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in United States
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Dissolution under W.S. 17-14-901 and winding up, then a certificate of cancellation filed with the Secretary of State; administrative dissolution for non-payment of the annual fees.
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A certificate of limited partnership shall be cancelled upon the dissolution and the commencement of winding up of the partnership
- Statutory fee
- USD 60 (about €52)
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Amendment/Cancellation/Any Other Filing ..........................................................$60.00
Every business in United States · Wyoming
Sales and consumption tax
- The tax
- Sales tax (state and local)
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you can elect to deduct state and local general sales taxes
- Standard rate
- Set by the states or provinces
There is no national VAT or sales tax; rates are set by each state and locality.
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you can elect to deduct state and local general sales taxes
- Registration threshold
- Not in our records
- A foreign company
- See the note
Sales tax is administered by state and local authorities, not the federal government, so there is no national registration rule to record.
- Tax authority
- Internal Revenue Service (IRS) at federal level; sales tax is administered by state and local authorities
Portals and registers
- Business registerNone — state-level business registries; no single national registry
- Tax authorityInternal Revenue Service (IRS)
- Tax treatiesUS Department of the Treasury - Tax Treaties
Payment and banking services
6 services name United States on their own list: Paysera, Airwallex, Stripe, Revolut, Brex, Mercury. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Limited partnershipDerived our grouping, the same words in every country
- Name in law
- Limited Partnership (LP)
- ISO 20275 code
- QR4YSecondary GLEIF, Entity Legal Forms code list