Wyoming § 17-29-104 Nature, purpose and duration of limited
liability company

Wyoming Statutes

§ 17-29-104 — Nature, purpose and duration of limited liability company

Wyoming § 17-29-104

Title 17Corporations, Partnerships and Associations

Ch. 29WYOMING LIMITED LIABILITY COMPANY ACT

Art. 1GENERAL PROVISIONS

This text of Wyoming § 17-29-104 (Nature, purpose and duration of limited liability company) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 17-29-104 (2026).

Text

(a)A limited liability company is an entity distinct from its members.

(b)A limited liability company may have any lawful purpose, regardless of whether for profit.

(c)A limited liability company has perpetual duration.

(d)Limited liability companies may be organized under this chapter for any lawful purpose, except for the purpose of acting as a financial institution or acting as an insurer as defined in W.S. 26-1-102(a)(xvi).

(e)Nothing in this chapter shall be interpreted as precluding an individual whose occupation requires licensure under Wyoming law from forming a limited liability company if the applicable licensing statutes do not prohibit it and the licensing body does not prohibit it by rule or regulation adopted consistent with the appropriate licensing statute. No limited

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(a) A limited liability company is an entity distinct from
its members.
(b) A limited liability company may have any lawful
purpose, regardless of whether for profit.
(c) A limited liability company has perpetual duration.
(d) Limited liability companies may be organized under
this chapter for any lawful purpose, except for the purpose of
acting as a financial institution or acting as an insurer as
defined in W.S. 26-1-102(a)(xvi).
(e) Nothing in this chapter shall be interpreted as
precluding an individual whose occupation requires licensure
under Wyoming law from forming a limited liability company if
the applicable licensing statutes do not prohibit it and the
licensing body does not prohibit it by rule or regulation
adopted consistent with the appropriate licensing statute. No
limited liability company may offer professional services or
practice a profession except by and through its licensed members
or licensed employees, each of whom shall retain his
professional license in good standing and shall remain as fully
liable and responsible for his professional activities, and
subject to all rules, regulations, standards and requirements
pertaining thereto, as though practicing individually rather
than in a limited liability company.