In 2025, Wyoming once again claimed the top spot on The Tax Foundation’s annual State Business Tax Climate Index. Just as in previous years, the state’s lack of personal and corporate income tax is noted as a contributing factor to its ranking and reputation as a haven for entrepreneurs. If you’ve been thinking about forming a limited liability company, Wyoming’s business-friendly climate would make it the perfect state for your new venture.
Another bonus: LLCs in Wyoming are affordable and easy to form. But as with other states, Wyoming has some specific LLC formation requirements that you’ll want to know before you get started.
The Cowboy State business advantage: Why start a Wyoming LLC?
As touched upon above, Wyoming can be an attractive place for budding entrepreneurs to form an LLC due to the lack of state income tax. But what attracts Wyoming business owners to this type of business structure specifically?
LLCs (limited liability companies) are a type of business structure that grants owners certain protections by limiting the amount of personal responsibility they have over the company’s debts or liabilities. Simply put, it allows the owner to keep his or her personal assets separate from their business assets so that they’re protected in the event of a lawsuit or other dispute. This liability protection is one reason LLCs are so popular.
Still, Wyoming offers a few competitive advantages over other states beyond its obvious income tax benefits. For starters, the annual fee to file an annual report for a Wyoming LLC is relatively low compared to other states. There are some states that are cheaper (and some have no annual fee at all), but at $60, Wyoming ranks below the national average. For comparison, Delaware’s annual fee for LLCs is $300. Year-over-year, this can result in significant savings for business owners.
Another Wyoming-specific advantage? Privacy. Wyoming is one of only four states that allows you to form an LLC anonymously. The state also does not require the business owner's name or the names of members or managers to appear on the public filings. This level of anonymity can be attractive as it can prevent harassment and may be a deterrent for lawsuits or creditors trying to target the owner’s personal assets.
Before you file: Essential Wyoming LLC requirements
Before you file your LLC paperwork, you’ll want to make sure your potential new business meets a few basic requirements.
For starters, you’ll need to make sure your new business name fits the requirements set forth by the state. 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.
Your business name must be available and distinguishable from other business names in the state 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.
You’ll also need to ensure you have identified a registered agent for your LLC with a physical address in the state. While the names of business owners and members don’t need to become part of public record in Wyoming, the registered agent’s name and address does, so it’s important that your registered agent understands this before committing to the job. Also, if you choose to act as your own registered agent, you’ll no longer enjoy the anonymity afforded by the state.
Failure to maintain a Wyoming registered agent can cause the state to shut down your operations, so it’s important to identify who your agent will be before moving forward with your filing.
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Is a Wyoming LLC right for you?
As we’ve already outlined, Wyoming is an attractive place to form an LLC for a number of reasons. But depending on your priorities and goals, another state could have better advantages.
For example, if you’re looking for low annual fee costs, a number of states have lower yearly fees for LLCs, including Arizona, Mississippi, Missouri, and New Mexico, all of which have lower costs for their initial filing, and no annual fees. Of those four states, however, only New Mexico allows for anonymous formation of an LLC.
When deciding which state is right for your LLC, it’s a good idea to have an understanding of what your most important priorities are, as well as the nuances of each state’s rules, fees, and requirements.
How to form a Wyoming LLC in 6 steps
These steps will guide you through the LLC registration process with the Wyoming Secretary of State (SOS).
Step 1: Reserve your business name
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 form must be submitted by mail. 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.
Step 2: Appoint a registered agent
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:
- The individual is older than 18.
- The individual is a state resident with a physical street address.
- The business entity has a physical business address and is authorized to conduct business as a registered agent in the state.
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. If you need to change your registered agent at any time, make sure you file the change of registered agent form at the Wyoming Secretary of State.
Step 3: File Wyoming LLC articles of organization
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:
- LLC name, principal office address, and mailing address
- LLC’s e-mail address and phone number
- Formation date
- Registered agent’s name and address
- Organizer’s name, daytime phone number, email, and dated signature
All documents must be submitted with the filing fee of $100. There is a standard turnaround 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.
Step 4: Create a Wyoming LLC operating agreement
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. Creating your own agreement using an LLC operating agreement template can be a viable option, but it's crucial to understand the legal framework. Understanding Wyoming's Limited Liability Company Act (Chapter 29) is key to ensuring your document is compliant. For added assurance and guidance, you may want to leverage the expertise of LegalZoom or consult with a legal professional.
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.
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Step 5: Get an employer identification number (EIN) and open a business bank account
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:
- There are two or more members in your LLC
- You want to hire employees
- You plan to select S corp tax filing status for your LLC
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.
Step 6: Register for state taxes
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:
- License tax. LLCs in Wyoming are required to pay an annual license tax based on the total assets the LLC has and employs in the state. LLCs with $300,000 or less in assets are required to pay a minimum license tax of $60.
- Sales and use tax. Most tangible goods (bakery/food items, clothes, electronics, and books) and services are taxed at a rate of 4%. Local and county governments may add up to 3% in additional sales taxes. LLCs need a sales tax license to collect the state sales and use tax. This state license costs $60 and can be applied for online.
- State unemployment insurance (UI) tax. If your LLC hires employees, you are liable for paying state unemployment insurance taxes to the Wyoming Department of Workforce Services. The tax rates vary by industry and "experience" of the business.
Wyoming LLCs are also subjected to federal income, payroll, and self-employment taxes of 15.3%.
What to do after forming your Wyoming LLC
After you form your Wyoming LLC, there’s still work to be done to set yourself up for success.
Register a domain name
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).
Get business licenses and permits
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:
- Seller's permit or license. In Wyoming, a seller's permit is called a sales and use license. It’s a must-have if you're selling tangible products. Registration for a new license can be done through the state’s official WYIFS website.
- Professional license. Should your LLC offer professional services, you may have to obtain certain licenses and permits from the state’s professional licensing boards. Wyoming's Department of Workforce Services has a detailed list of all the occupations that require a state license.
- Zoning permit. If you plan to operate your business from a physical location, you may need zoning permits to ensure compliance with local zoning regulations.
- Alcohol license. Suppose you're opening a bar—you need an alcohol beverage license from the Wyoming Liquor Division.
Obtain a certificate of good standing
Although not required, some customers, vendors, and investors may request a certificate of good standing to show that you're running a legal and compliant 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.
The certificate is generally considered valid for a short period of time, often between 30 and 90 days. A requesting party may require a very recent certificate to ensure the business is still in good standing.
Consider a foreign LLC
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.
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.
Trademark your business name
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 $100. 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).
Annual filing requirements for Wyoming LLCs
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.
How to start your Wyoming LLC with LegalZoom
As easy as these 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.
Swara Ahluwalia contributed to this article.
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Wyoming LLC FAQs
How much does it cost to form an LLC in Wyoming?
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
- Articles of organization filing fee: $100 for a domestic Wyoming LLC and $150 for a foreign LLC.
- Name reservation: $60
- Doing business as (DBA) certificate (if desired): $100
- Sales tax license: $60
- Business bank account: Usually free, but most banks require a minimum deposit of at least $100. There might be a monthly maintenance fee or additional service charges if you fail to keep a minimum business checking account balance.
- Wyoming registered agent service: Can run between $50–$300.
- Insurance: At the very minimum, your Wyoming LLC should get general liability insurance. This typically costs around $44 per month.
- Certificate of authority: $150
Do I need a business license for my Wyoming LLC?
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.
How long does it take to form a Wyoming LLC?
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.
Can non-residents form a Wyoming LLC?
You don’t have to be a resident of Wyoming to form an LLC there and the process of setting up your LLC is the same whether you live in the state or not. You’ll still need to conform to the state’s formation rules, such as appointing a registered agent, filing articles of organization, and following state naming conventions.
Keep in mind though that there may be tax implications to opening an LLC in one state when you are a resident of another. If you live in a state other than Wyoming, it can be a good idea to consult a business attorney or tax professional to better understand the implications of opening an LLC there.
How do I correct filing errors for my Wyoming LLC?
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.
How do I dissolve a Wyoming LLC?
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.
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