Start a Business in Wyoming
Wyoming pioneered the LLC structure in 1977 and remains one of the most privacy-friendly and tax-advantaged states for business formation. With no state income tax, no franchise tax, low filing fees, and strong asset protection laws, Wyoming attracts founders seeking maximum privacy and minimal ongoing costs.
Filing Fees
| Entity Type | Filing Fee |
|---|---|
| LLC | $100 |
| Corporation | $100 |
| Nonprofit | $25 |
| DBA / Trade Name | $0 |
| Annual Report | $60 |
No franchise tax; annual report fee of $60 (or $0.0002 per dollar of assets in Wyoming, minimum $60)
Processing Times
- Standard: 10-15 business days
- Expedited: Same day ($100 fee) or 1-day ($50 fee)
- Online: Available via Wyoming SOS online portal
Key Facts
- No state income tax — zero tax on business profits at state level
- No franchise tax
- Pioneered the LLC structure in 1977
- Strong asset protection and charging order protections
- Member names not required on public filings (privacy)
- Lifetime proxy and close LLC provisions available
Compliance Deadlines
| Item | Due | Penalty |
|---|---|---|
| Annual Report | Anniversary month of formation | Administrative dissolution after 60 days |
| Registered Agent | Maintain continuously | Administrative dissolution |