A Wyoming LLC operating agreement is the document the members write for themselves: who put what in, what share of the company that buys, how profit is split after the company keeps a reserve, and what share of ownership a major decision needs. Take a ranch equipment rental business formed by two brothers and an outside investor: every one of those is a number in a blank, and the blanks are where the agreement goes wrong, because they are typed in one at a time and never checked against each other. This page walks what the agreement records for a Wyoming company like that one, works its example from the members' own figures, and points at the free worksheet on this site that does the same arithmetic from yours. It publishes no clause text, no Wyoming rule and no fee.
Who is in the Wyoming company, and what they put in
For a ranch equipment rental business in Wyoming, formed by two brothers and an outside investor, the members of a Wyoming LLC and their contributions are the first thing the agreement records and the figure every other clause depends on. On this page's example the three members put in $55,000, $20,000 and $20,000, a total of $95,000, and the worksheet returns shares of 57.9%, 21.1% and 21.1%. Members can agree a different split; if they do, the agreement records the agreed one and the worksheet works everything downstream from it.
Profit, reserve and distribution, worked in that order
Distributions are not profit: the company keeps a reserve first, and the members split the remainder by share. The example keeps 5% of $120,000, leaving $114,000 to distribute, of which the largest member is owed $66,000. A Wyoming owner entering their own profit and reserve gets their own figures on the page, with nothing stored and no account; the paid plan is only for keeping the record year on year.
A decision threshold, turned into the members it takes
The clause that says what needs a supermajority is written as a percentage, and the worksheet makes it concrete: 75% of $95,000 is $71,250 of capital that must vote yes. Read against shares of 57.9%, 21.1% and 21.1%, that names which members can carry a decision and which cannot block one. The threshold in a Wyoming agreement is the members' own; this page publishes no rule about where it should sit.
Where a Wyoming agreement's rules live, and where its numbers do
Whether Wyoming requires a written operating agreement, what it must contain and what the state charges to form or maintain the company are questions for the Wyoming Secretary of State, Business Division, named below, and for your attorney; this page publishes no rule text, no fee and no legal advice. What it does publish is the arithmetic the agreement records: the shares from the contributions, the distributions from the profit and the capital a decision needs, worked free on this site from the members' own figures, and kept against the company by LLC Lane Pro when the members want the record.
Questions people ask about wyoming llc operating agreement
Is a Wyoming LLC operating agreement filed with the state?
Generally the agreement is a private document the members keep, and the articles are what the state holds; whether Wyoming has any filing or content rule for the agreement is a question for the Wyoming Secretary of State, Business Division and your attorney, not for this site.
What figures should be worked before the agreement is signed?
Each member's share from the contributions, each member's distribution on a given profit after the reserve, and the capital a major decision needs at the chosen threshold, which names the members it takes. The free worksheet works all three.
What does LLC Lane Pro add to the free worksheet?
The record: every company, member and share kept and dated, every agreement and amendment with its status, your name on the paperwork and an export when the bank or the accountant asks. The worksheet itself stays free.