To operate legally, a Wyoming limited liability company must file articles of organization, appoint a registered agent, and meet the state’s naming laws.
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by Swara Ahluwalia
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Legally reviewed by Allison DeSantis, J.D.
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Updated on: December 7, 2024 · 12 min read
For 2024, Wyoming claims the top spot in The Tax Foundation’s annual State Business Tax Climate Index. This is no new feat—Wyoming has consistently ranked as one of the most business-friendly states. Its dedicated business court system and 0% personal and corporate income tax rates highlight its commitment to being a pro-business location and a haven for entrepreneurs. For anyone looking to quickly start a business, now is a great time to form an LLC in Wyoming.
LLCs in Wyoming are affordable and easy to form. And as with other states, Wyoming has some specific LLC formation requirements that are unique to the state.
These steps will guide you through the LLC registration process with the Wyoming Secretary of State (SOS).
The first step to forming a Wyoming LLC is picking a memorable, on-brand, and available business name. As per W.S. 17-29-108, you can choose any name for your LLC as long as it ends with “limited liability company,” “limited company,” or any variation of its abbreviation—e.g., LLC, L.L.C., LC, L.C. or Ltd. Co. The name should also be distinguishable from any existing Wyoming business name and not imply association with a government agency.
You can check your preferred name’s availability by accessing the Secretary of State website. LegalZoom has a comprehensive guide to doing a Wyoming business name search to walk you through the process.
A name may be reserved for up to 120 days before you must officially start your business. To reserve a name, you must file a name reservation application with the Wyoming Secretary of State. This may be done by mail or online. All requests must be accompanied by a filing fee of $60. Be sure to include the name to be reserved, a contact person’s name and daytime number, and the applicant’s name, address, email address, and dated signature.
Any business entity looking to file Wyoming LLC paperwork with the Secretary of State office must list a registered agent. A registered agent is required to receive process service and other essential government communication.
An individual or business entity can serve as a registered agent if they meet some basic requirements:
Using a P.O. box, drop box, or mail forwarding service address in your Wyoming articles of organization will result in your LLC documents being rejected. Also, failure to maintain a Wyoming registered agent can cause the state to shut down your operations.
Registrants must file articles of organization with the Wyoming Secretary of State online or via mail. An email address must be indicated for electronic certificates sent by the Secretary of State. The articles must include pertinent information such as:
All documents must be submitted with the filing fee of $100. There is a standard turn-around time of 15 business days for processing of mailed-in business forms and files. You can check the state’s Business Center page to see what day is currently being processed. Online filings are processed immediately. No expedited services are available.
Although LLCs in Wyoming are not required to have a limited liability company operating agreement, it is wise to have one in place, regardless of whether you are a multi- or single-member LLC. An operating agreement demonstrates professionalism and keeps conflicts at bay. It lays the groundwork for how you'll conduct business and handle issues like transferring ownership, dissolving the LLC, and other operational decisions.
Wyoming recognizes limited liability company operating agreements as governing documents. Therefore, in cases of legal disputes, the Wyoming court will make its decision based on what the LLC operating agreement states. If there is no operating agreement, state laws will determine the outcome.
A federal employer identification number is a unique nine-digit tax identifier issued by the Internal Revenue Service (IRS). Your company will need to obtain an EIN from the IRS if it meets any of the following criteria:
You can get your EIN directly from the IRS or hire LegalZoom to take care of the details and file the paperwork.
An EIN is usually required to open a business bank account. This clean bookkeeping practice helps maintain a distinction between your business and personal assets, simplifying profit tracking and tax filings. A business bank account makes it easier to secure a business credit card, an easy and quick way to fund your Wyoming LLC.
Wyoming has no state franchise, inventory, or income taxes, but this doesn't mean you are completely off the hook. There are a few tax obligations you still have to meet. After LLC formation, you need to register for any applicable state taxes with the Department of Revenue. Depending on your business activities, you may need to register for the following taxes:
Wyoming LLCs are also subjected to federal income, payroll, and self-employment taxes of 15.3%.
After you form your Wyoming LLC, there’s still work to be done to set yourself up for success.
A well-crafted website instantly builds trust and prevents customers from questioning your business’ credibility. Your online journey begins by choosing the perfect domain name—one that matches your business name and is available. You can find available domain names through websites like Bluehost or Wix (which also has website design templates).
Securing the proper business licenses and permits is part and parcel of running a business. Not having the correct licenses leaves your business vulnerable to legal trouble. Common licenses and permits that may be required for your Wyoming LLC include:
A certificate of good standing shows customers, vendors, investors, and employees that you're running a legal and complaint business. The Secretary of State's online business services portal allows you to generate and validate a certificate of good standing. There's no filing fee for this form.
Perhaps your business takes off and you decide to open a second location in Colorado. In order to conduct business in another state, you will need to register as a foreign LLC in the new state.
A certificate of authority will be required before you can register your Wyoming LLC in another state. The cost of a certificate of authority is $150. Establishing a foreign LLC in another state generally requires completing applications and paying filing fees in each new state, but each state can have its own specific requirements.
A business formation company like LegalZoom is up-to-date on these processes. We can get your foreign LLC registration done quickly and painlessly.
Trademarking your business name protects you from imitation. To trademark your business name in Wyoming, you must file an Application for Registration of Trademark or Service Mark with the state's SOS office. The fee for this is $150. Approved trademarks are valid for five years, but it's your responsibility to protect your trademark rights. You can also consider trademarking your business name nationally through the United States Patent and Trademark Office (USPTO).
To stay compliant with state law, Wyoming LLCs must file an annual report. These reports are due every year on the first day of the anniversary month of the LLC formation. So, if your company formation documents were stamped on Jun. 15, 2024, your annual reports will be due on Jun. 1, 2025, Jun. 1, 2026, and so forth.
Reports are filed with the Secretary of State either online or by mail. Online filings are subject to additional fees and a convenience charge based on license tax. Late filings and payments may result in LLC dissolution or revocation.
The annual report fee is $60 or two-tenths of one mill on the dollar ($.0002), whichever is greater, based on assets located and employed in the state. If your Wyoming annual report fee is more than $500, you will not be allowed to file your report online.
If paperwork is not your strong suit or you would rather focus your energies on running and growing your own LLC, this is something LegalZoom can handle for you.
Getting your Wyoming limited liability company off the ground will cost you a minimum of $100 (to file your articles of organization). Beyond that, costs go up depending on your industry, licensing and permit requirements, support needs, and day-to-day functions
As easy as these seven steps may appear, working with the business experts can streamline the Wyoming LLC formation process even further. LegalZoom’s LLC formation services start at $0 + state filing fees, with additional packages available based on how much support you’d like in starting and managing your business.
There are several advantages beyond a favorable tax climate and the protection of personal assets when forming a Wyoming LLC. Wyoming places no residency restrictions on who can own or serve as a member of an LLC. Wyoming is also one of the few states that allows you to form an anonymous LLC, meaning you don't need to list owner and member information in your Wyoming articles of organization, increasing your privacy.
Per the Wyoming Limited Liability Act, you can also form a Wyoming close LLC—a designation that reduces administrative burdens and, therefore, is ideal for single-member LLCs or small family businesses.
Wyoming doesn't have a state-based general business license requirement. But, depending on your industry, business size, and location, you may be required to get a state or local license or permit to operate. For instance, if you're running a childcare center for more than 20 kids, you will need a permit from the Wyoming State Fire Marshal.
The Wyoming Secretary of State processes LLC formation documents on a rolling basis. Online filings are approved immediately. Currently, all LLC business documents sent by mail take around 15 business days from the date of receipt. You can always visit the state's website to check the current processing date.
It’s possible to fix any filing errors made in your Wyoming articles of organization. Mail a Statement of Correction form to:
Wyoming Secretary of State
Herschler Building East, Suite 101
122 W 25th Street
Cheyenne, WY 82002-0020.
The cost for filing a correction is $60. It takes around 15 days for the change to reflect in state records.
You can email the Update Form to SOSRequest@wyo.gov to inform the SOS of any changes to your principal office address or mailing address.
The process of formally closing your Wyoming LLC starts with settling all financial obligations. You then need to inform the Secretary of State of your decision by filing articles of dissolution, for which there is a $60 processing fee.
Failure to do this may result in a financial penalty for failing to file an annual report, or you may be unable to reinstate the business. LegalZoom can save your Wyoming LLC from fines and late fees by filing your dissolution papers for you.
It's pretty straightforward to conduct a Wyoming business entity search. The state provides a free database search as part of its online services. They also provide an informative name search guide that will generate thorough results.
Michael H. Cohen, Esq. contributed to this article.
Every state has different rules, costs, and considerations for LLC formation.
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