SET A COMPANY IN WYOMING
Starting a business in Wyoming offers several advantages, such as a business-friendly tax structure and streamlined regulations.
Registering a Wyoming LLC (Limited Liability Company) is one of the most popular ways to start a company in this state.
The information below guides you step by step on how to set up a Wyoming LLC, including state requirements, total costs, important filings, and the benefits of choosing Corporate Mile for your formation needs.
Why Set Up a Company in Wyoming?
- No State Personal Income Tax
Wyoming does not impose a state personal income tax. Wyoming LLC tax treatment still depends on how the company is classified and how it operates, and other federal and local obligations may apply. - Fewer Formalities
Compared to corporations, LLCs in Wyoming have fewer legal requirements. This means less paperwork, fewer recordkeeping obligations, and a simpler operational structure. - Asset Protection
An LLC separates your personal assets from the debts and liabilities of the business. If your company faces a lawsuit or financial trouble, your personal property is generally protected. - Lower Overall Costs
A Wyoming LLC can offer liability protection and flexible internal management, and Wyoming is often chosen for its business-friendly ongoing compliance and fee structure. Total cost still depends on state filing fees, annual report license tax, and any local licensing that applies to your business. - Flexible Management
Wyoming LLCs do not have restrictions on the number and types of owners (members). Members of a Wyoming LLC have greater flexibility to participate in the company’s management. You can choose to participate in management (member managed) or nominate other managers to run the business (manager managed). You decide who runs day-to-day operations, making it easy to adapt your business structure to your specific goals and needs.
Let's get started
START YOUR WYOMING LLC
Choose Corporate Mile for Wyoming LLC registration.
STEP-BY-STEP: REGISTERING YOUR WYOMING LLC
1. Choose a Name for Your LLC
Your chosen name must include a legal suffix such as “Limited Liability Company,” “Limited Company,” “L.L.C.,” “L.C.,” or “LLC.”
Confirm that the name is not already taken by searching the Wyoming Secretary of State business database.
2. Appoint a Registered Agent in Wyoming
Every Wyoming LLC must have a registered agent with a physical address in Wyoming.
You may serve as your own agent if you have an address in the state, or you can hire a professional service.
Corporate Mile provides registered agent services.
3. File Articles of Organization
Submit your Wyoming LLC Articles of Organization to the Wyoming Secretary of State, either online or by mail.
Include key details such as the LLC name, principal business address, registered agent information, and the names and addresses of authorized managers or members.
Pay the $100 Wyoming state filing fee for the Articles of Organization (plus any required online convenience fee if filing online).
Processing times vary depending on filing method and state workload.
4. Draft an Operating Agreement
Operating Agreement of Wyoming LLC clarifies ownership percentages, member responsibilities, profit distributions, and other essential processes. You need an operating agreement to open a business bank account.
Corporate Mile includes a customized operating agreement at no additional charge.
5. Obtain an EIN (Employer Identification Number)
If you intend to hire employees, open a business bank account, or choose certain tax classifications (e.g., S-Corp election), you’ll need an EIN from the IRS.
You can apply directly on the IRS website at no cost.
Corporate Mile can also secure your EIN for you.
TOTAL COST BREAKDOWN
This fee covers the primary steps necessary to officially register your Wyoming LLC and maintain a registered agent for 12 months.
WYOMING LLC PACKAGE
When you choose Corporate Mile to form your Wyoming LLC, your total includes:
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Wyoming State Filing Fee – $100 (plus any required online convenience fee if filed online)
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LLC filing with the Wyoming Secretary of State
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Obtaining Employer Identification Number (EIN)
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Registered Agent Service (1 Year)
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Operating Agreement
ONGOING REQUIREMENTS AND FEES
ANNUAL REPORT LICENSE TAX
Every Wyoming LLC must file an Annual Report and pay the Annual Report license tax.
The Annual Report is due on the first day of the LLC’s anniversary month each year.
The fee is $60 minimum, or $0.0002 per dollar of assets located and employed in Wyoming, whichever is greater.
Missing this deadline can result in penalties and could lead to administrative dissolution of your LLC.
BUSINESS LICENSES AND LOCAL REQUIREMENTS
Depending on your business activity and location, you may need state or local business licenses, permits, or tax registrations before operating.
Requirements vary by city, county, and industry.
Let's get started
START YOUR WYOMING LLC
Choose Corporate Mile for Wyoming LLC registration.
ADDITIONAL SERVICES
Trade Name (DBA) Registration
- If your business will operate under a name different from the one listed on your Articles of Organization, you must file a fictitious name (DBA) registration with the state.
- Corporate Mile can handle the registration for $175, or $303 if any required publication is included.
Mail Forwarding Options
- Limited: Includes three free scans of non-official mail per year.
- Deluxe: Offers an additional 10 scans annually for $49/year.
- Premium: Offers an additional 25 scans annually for $99/year.
Virtual Office
- For businesses wanting an all-in-one Florida presence, Corporate Mile provides a virtual office package with:
- Unlimited mail forwarding
- A local Florida phone number
- An office lease in St. Petersburg
Online Presence Tools
- Free domain for one year
- 90 days of no-cost website hosting, SSL certificate, business email, and phone service
- Ideal for establishing a robust digital footprint from day one
WORKING WITH CORPORATE MILE
WYOMING LLC SUPPORT
Corporate Mile offers support for Wyoming LLC filings and ongoing compliance questions. Filing times depend on the state’s processing schedule.
PRIVACY AND SECURITY
Corporate Mile can help you maintain privacy designed to limit the amount of personal information that appears on public records.
YEAR-ROUND CUSTOMER SUPPORT
Corporate Mile’s team monitors annual requirements and due dates, keeping you in good standing with the state.
FREQUENTLY ASKED QUESTIONS
1. What do I need to start an LLC in Wyoming?
You need a name for your LLC, a business address, the required organizer or manager information, and a registered agent in Wyoming. An operating agreement is strongly recommended, but it is not required to form the LLC.
2. What is the cost of starting an LLC in Wyoming?
The cost of starting an LLC in Wyoming is $325, excluding $100 state filling fee.
3. Do I need to be a resident of Wyoming form a Wyoming LLC?
No. You can form a Wyoming LLC whether you reside in another state or internationally, as long as you appoint a registered agent with a Wyoming address.
4. How long does it take to process the formation of a Wyoming LLC?
Online filings usually take about 2 business days. Mail-in filings can take slightly longer, often around 1–2 weeks.
5. Are single-member LLCs allowed in Wyoming?
Yes. A single-member LLC is a popular structure for solo entrepreneurs seeking liability protection. By default, the IRS taxes single-member LLCs as sole proprietorships, unless you opt for another tax election.
6. Does Wyoming require an Operating Agreement?
While not mandated by state law, having a written operating agreement is highly recommended to prevent disagreements and clarify each member’s responsibilities and share of ownership. You need an operating agreement to open a business bank account.
Let's get started
START A WYOMING LLC
Registering a Wyoming LLC offers multiple benefits, including asset protection and no state personal income tax. By collaborating with Corporate Mile, you can complete the registration process through a package that includes your selected service items, such as tax ID assistance, registered agent service, and an operating agreement.
When you’re ready to begin, get started. Our knowledgeable staff will handle the entire process so you can focus on growing and managing your new Wyoming LLC with peace of mind.
Let's get started
START YOUR WYOMING LLC
Choose Corporate Mile for Wyoming LLC registration.
