Starting an LLC in Wyoming is easy
To form an LLC in Wyoming you will need to file the Articles of Organization with the Wyoming Secretary of State, which costs $100-$102. You can apply online or by mail. The Articles of Organization is the legal document that officially creates your Wyoming Limited Liability Company.
Follow the step-by-step guide below to start your Wyoming LLC today and get your business up and running.
STEP 1: Name your Wyoming LLC
Choosing a company name is the first and most important step in starting your Wyoming LLC. Be sure to choose a name that complies with Wyoming naming requirements and is easily searchable by potential clients.
1. Follow the naming guidelines:
- Your name must include the phrase “limited liability company” or one of its abbreviations (LLC or L.L.C.).
- Your name cannot include words that could confuse your LLC with a government agency (FBI, Treasury, State Department, etc.).
- Restricted words (e.g. Bank, Attorney, University) may require additional paperwork and a licensed individual, such as a doctor or lawyer, to be part of your LLC.
- Your name must be distinguishable from any Wyoming limited liability company (LLC), corporation, limited liability partnership (LLP), or limited partnership (LP).
2. Is the entity name available in Wyoming? Make sure the name you want isn't already taken by doing a Business Entity Search on the Wyoming Secretary of State website.
3. Is the URL available? We recommend that you check to see if your business name is available as a web domain. Even if you don't plan to make a business website today, you may want to buy the URL in order to prevent others from acquiring it.
After registering a domain name, consider setting up a professional email account (@yourcompany.com). Google's G Suite offers a business email service that comes with other useful tools, including word processing, spreadsheets, and more. Try it for free
FAQ: Naming a Wyoming LLC
Do I need to get a DBA or Trade Name for my business?
Most LLCs do not need a DBA. The name of the LLC can serve as your company’s brand name and you can accept checks and other payments under that name as well. However, you may wish to register a DBA if you would like to conduct business under another name.
To learn more about DBAs in your state, read our How to File a DBA guide.
STEP 2: Choose a Registered Agent in Wyoming
You are required to nominate a Wyoming registered agent for your LLC.
What is a Registered Agent? A registered agent is an individual or business entity responsible for receiving important legal documents on behalf of your business. Think of your registered agent as your business's point of contact with the state.
Who can be a Registered Agent? a Registered Agent must be a resident of Wyoming or a corporation, such as a registered agent service, authorized to transact business in Wyoming. You may elect an individual within the company including yourself.
Recommended: ZenBusiness Registered Agent provides the first year of registered agent service free with LLC formation ($39 + State Fees)
FAQ: Nominating a Wyoming Registered Agent
Can I be my own Registered Agent in Wyoming?
Yes. You or anyone else in your company can serve as the registered agent for your Wyoming LLC.
Read more about being your own registered agent.
Is a Registered Agent service worth it?
Using a professional registered agent service is an affordable way to manage government filings for your Wyoming LLC. For most businesses, the advantages of using a professional service significantly outweigh the annual costs.
For more information, read our article on Wyoming registered agents.
STEP 3: File the Wyoming LLC Articles of Organization
To register your Wyoming LLC, you will need to file the Articles of Organization with the Secretary of State. You can apply online or by mail. Some states refer to the Articles of Organization as the Certificate of Formation or Certificate of Organization.
The Articles of Organization for an LLC (limited liability company) in Wyoming is a legal document to officially form your business. You’ll be expected to provide the name of your LLC, the name and address of your registered agent, and the state filing fee. After you file the Articles of Organization, we recommend you obtain an Employer Identification Number (EIN) if you plan to hire employees and open a business bank account.
Now is a good time to consider whether your Wyoming LLC will be member-managed or manager-managed. We recommend learning more about member-managed vs. manager-managed LLCs before you file.
File the Articles of Organization
If you’re expanding your existing LLC to the State of Wyoming, you will need to form a Foreign LLC.
FAQ: Filing Wyoming LLC Documents
How long does it take to form an LLC in Wyoming?
Filing the Articles of Organization is immediate after receiving payment online, and 5 to 7 business days by mail.
What's the difference between a domestic LLC and foreign LLC?
An LLC is referred to as a "domestic LLC" when it conducts business in the state where it was formed. Normally when we refer to an LLC we are actually referring to a domestic LLC. A foreign LLC must be formed when an existing LLC wishes to expand its business to another state.
Read our What Is a Foreign LLC article to learn more.
How much does it cost to start a Wyoming LLC?
The cost to start a Wyoming LLC is $102 online or $100 by mail.
To learn more, read our guide on the cost to form a Wyoming LLC.
STEP 4: Create Your Wyoming LLC Operating Agreement
An operating agreement is not required for a Wyoming LLC, but it's a good practice to have one.
What is an operating agreement? An operating agreement is a legal document outlining the ownership and operating procedures of an LLC.
Why are operating agreements important? A comprehensive operating agreement ensures that all business owners are on the same page and reduces the risk of future conflict.
For more information on operating agreements, read our Wyoming LLC operating agreement guide.
Recommended: Download a template or create a Free Operating Agreement using our tool.
FAQ: Creating a Wyoming LLC Operating Agreement
Do I need to file my operating agreement with the state?
No. The operating agreement is an internal document that you should keep on file for future reference. However, many states do legally require LLCs to have an operating agreement in place.
STEP 5: Get a Wyoming LLC EIN
What is an EIN? EIN stands for Employer Identification Number. EINs are a nine-digit number assigned by the Internal Revenue Service (IRS) to help identify businesses for tax purposes. It is essentially a Social Security number for a business.
An EIN is sometimes referred to as a Federal Employer Identification Number (FEIN) or Federal Tax Identification Number (FTIN).
Why do I need an EIN? An EIN is required to:
- Open a business bank account
- File and manage Federal and State Taxes
- Hire employees
What if I already have an EIN for my sole proprietorship? The IRS requires that sole proprietorships get a new EIN when converting to an LLC.
Where do I get an EIN? You can get an EIN for free from the IRS. Getting an EIN is an easy process that can be done online or by mail.
FOR INTERNATIONAL EIN APPLICANTS: You do not need a SSN to get an EIN. For more information, read our How to Get an EIN as a Foreign Person guide.
FAQ: Getting a Wyoming LLC EIN
How do I get an EIN if I don’t have a Social Security number?
A social security number is not required to get an EIN. You can simply fill out IRS Form SS-4 and leave section 7b blank. Then call the IRS at (267) 941-1099 to complete your application. Learn more here about applying as an international applicant.
What tax structure should I choose for my Wyoming LLC?
Do I need an EIN for my LLC?
All LLCs with employees, or any LLC with more than one member, must have an EIN. This is required by the IRS.
Learn why we recommend always getting an EIN and how to get one for free in our Do I Need an EIN for an LLC guide.
Considering Using an LLC Formation Service?
We reviewed and ranked the top 5 LLC formation services.
Find out which is best for you.
Important Steps After Forming an LLC
Separate Your Personal and Business Assets
When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your Wyoming LLC is sued. In business law, this is referred to as piercing the corporate veil.
You can start protecting your LLC in Wyoming with these steps:
1. Opening a business checking account:
- Separates your personal assets from your company's assets, which is necessary for personal asset protection.
- Makes accounting and tax filing easier.
Need help finding your EIN for your bank application? Visit our EIN Lookup guide for help.
Recommended: Read our Best Banks for Small Business review to find the best national bank, credit union, business-loan friendly banks, one with many brick-and-mortar locations, and more.
2. Getting a business credit card:
- Helps you separate personal and business expenses.
- Builds your company's credit history, which can be useful to raise capital (e.g., small business loans) later on.
Recommended: Learn more about the best small business credit cards.
For other important steps to protect your corporate veil, like properly signing legal documents and documenting company business, please read our corporate veil article.
Find a Business Accountant
One of the main reasons that LLC’s make great business structures is the benefits of pass-through taxation and the ability to write off business expenses. Having a business-savvy accountant to help you with your small business accounting and take advantage of these benefits can literally save you and your business thousands of dollars in taxes each year.
Along with the obvious benefit of massive tax savings, a business accountant can help you to:
- Track business expenses and reconcile your bank accounts
- Discover areas of unforeseen loss or extra profit in your business
- Run payroll for you and your employees
- Prepare and submit your quarterly tax filings
- Advise on advanced business strategies for even deeper tax savings
- Avoid costly errors and ensure your business stays on the good side of the IRS
Starting a relationship with an accountant gives you a head start when it comes to running your business and keeps your finances clean in the future.
However, if you would like to run your own accounting, read our review of the best accounting software for small business.
Recommended: Get a free tax consultation and speak with a business accountant today.
Get Business Insurance for Your Wyoming LLC
Business insurance helps you manage risks and focus on growing your Wyoming LLC. The most common types of business insurance are:
- General Liability Insurance: A broad insurance policy that protects your business from lawsuits. Most small businesses get general liability insurance. In Wyoming, all businesses are required to have general liability insurance.
- Professional Liability Insurance: A business insurance for professional service providers (consultants, accountants, etc.) that covers claims of malpractice and other business errors.
- Workers' Compensation Insurance: A type of insurance that provides coverage for employees’ job-related illnesses, injuries, or deaths. In Wyoming, businesses with one or more employees, excluding business owners, are required by law to have workers compensation insurance.
Find out how much it will cost to keep your business protected.Get Your Free Quote Today
Read our review of the best small business insurance companies.
Send Out a Press Release
Press releases are among the easiest and best ways to promote your business. They are also one of the most cost-effective strategies as they:
- Provides publicity
- Establish your brand presence on the web
- Improve your website’s search engine optimization (SEO), driving more customers to your website
- Are a one-time cost in terms of effort and money
- Have long-lasting benefits
Recommended: TRUiC has negotiated a 25% discount for you on a service that will write and distribute press releases for you.
Read our review of the best press release distribution services.
Join the Conversation
We are here to guide you through your entrepreneurial journey, and are always looking at your feedback. Share your experiences in our comment box, chat with other entrepreneurs, or simply let us know how we're doing.
Keep Your Company Compliant
Wyoming Business Permits & Licenses
Do I need business licenses and permits in Wyoming?
To operate your LLC you must comply with federal, state, and local government regulations. For example, restaurants likely need health permits, building permits, signage permits, etc.
The details of business licenses and permits vary from state to state. Make sure you read carefully. Don't be surprised if there are short classes required as well.
Fees for business licenses and permits will vary depending on what sort of license you are seeking to obtain.
Find out how to obtain necessary licenses and permits for your business or have a professional service do it for you:
- Federal: Use the U.S. Small Business Administration (SBA) guide.
- State: View Wyoming's Professional Licensing Requirements.
- Local: Contact your local county clerk and ask about local licenses and permits.
Recommended: If you are a first-time entrepreneur, consider having a professional service research your business’s licensing requirements. Read our best business license services review on Startup Savant.
Wyoming LLC Tax Filing Requirements
Depending on the nature of your business, you may be required to register for one or more forms of state tax.
Wyoming Sales Tax
If you are selling a physical product, you’ll typically need to register for a seller's permit through the Wyoming Department of Revenue website.
This certificate allows a business to collect sales tax on taxable sales.
Sales tax, also called "Sales and Use Tax," is a tax levied by states, counties, and municipalities on business transactions involving the exchange of certain taxable goods or services.
Read our Wyoming sales tax guide to find out more.
Wyoming Employer Taxes
If you have employees in Wyoming, you will need to register for Unemployment Insurance Tax through the Wyoming Department of Workforce Services.
Federal LLC Tax Requirements
Most LLCs will need to report their income to the IRS each year using:
- Form 1065 Partnership Return (most multi-member LLCs use this form)
- Form 1040 Schedule C (most single-member LLCs use this form)
How you pay yourself as an owner will also affect your federal taxes. Visit our guide to learn more about how to pay yourself from your LLC.
Read our LLC Tax Guide to learn more about federal income taxes for LLCs.
File Your Wyoming LLC Annual Report
Wyoming requires LLCs to file an annual report with the Secretary of State and pay an annual license tax.
File Your Annual Report
$50 or 0.0002% of the value of all LLC assets (whichever is greater), fees over $500 must be filed by mail at the end of the online process. (Nonrefundable).
Due Date: Due the 1st of the month in which the LLC was formed. For example, if you formed your LLC on July 14th of 2018, your annual report and license tax will be due July 1st every year thereafter. LLCs are not required to file an annual report or pay an annual license tax in the year of formation.
Late Filings: Wyoming does not charge late fees if you miss your filing deadline. Wyoming will dissolve your LLC after 60 days for failure to file an annual report.
Avoid Automatic Dissolution
LLCs may face fines and even automatic dissolution when they miss one or more state filings. When this happens, LLC owners risk loss of limited liability protection. A quality registered agent service can help prevent this outcome by notifying you of upcoming filing deadlines and by submitting reports on your behalf.
Recommended: ZenBusiness offers a reliable registered agent service and excellent customer support.
If you plan to hire employees for your Wyoming LLC, stay compliant with the law by following these steps:
- Verify that new employees are able to work in the US
- Report employees as "new hires" to the State
- Provide workers' compensation insurance for employees
- Withhold employee taxes
- Print workplace compliance posters and place them in visible areas of your workspace
Find more information at the Wyoming Department of Workforce Services.
Recommended: Check out our Hiring for your Small Business Guide for resources like sample job descriptions, payroll service reviews, and more.
FAQ: Hiring Employees
What is the minimum wage in Wyoming?
The minimum wage in Wyoming is $7.25 per hour.
How often do I need to pay employees in Wyoming?
Wyoming requires employers to pay employees semi-monthly.
Get Help Starting a Business in Wyoming
We understand that creating an LLC and getting your business up and running comes with many challenges. To help you succeed, we compiled the best local resources in every major metro area in Wyoming. You can get free assistance in the following areas:
Small Business Resources
Women in Business Tools and Resources
If you have a woman-owned business, many resources are available to help you concentrate on your business’s growth:
- Funding - (ie. grants, investors, loans)
- Events - (ie. conferences, meetups)
- Guides - (ie. business formation, personal growth)
- Support - (ie. advice, communities, business strategies)
Our information and tools will provide educational sources, allow you to connect with other women entrepreneurs, and help you manage your business with ease.
Free LLC Legal Forms
TRUiC offers a number of free LLC legal forms to help with creating documents like:
- Operating agreements
- LLC resolutions
- Hiring documents, including:
- Employment contracts
- Independent contractor service agreements (ICSA)
- Non-disclosure agreements (NDA)
All you’ll need to do to download the forms is sign up for the TRUiC Business Center, which is also free, forever.
How to Make a Website
Check out our how to build a website guide to learn how creating a website isn’t as difficult as it might seem. With the right tools, a good guide, and a bit of patience, you can learn how to make a website for your business in no time.
Recommended: Read our review to find the best website builder for small business.
How to Build Business Credit
Learning how to build business credit can help you get credit cards and other business funding options in your business's name (instead of yours), with better interest rates, higher lines of credit, and more.
TRUiC’s Small Business Tools
TRUiC believes business tools should be free and useful. Our tools help solve business challenges, from finding an idea for your business, to creating a business plan, writing an operating agreement for your LLC, and more.
Check out TRUiC’s small business tools:
TRUiC has created video guides to support and reinforce our on-page guides. These videos help to visualize the ideas and lessons that you need to know to create and run a successful business.
Check out our growing library of small business videos on the TRUiC YouTube channel.
More Wyoming Information
Wyoming Foreign LLCs
Forming a foreign LLC allows your company to operate as one entity in multiple states. If you have an existing LLC and want to do business in Wyoming, you will need to register as a foreign LLC. This can be done by mail.
Register as a Foreign LLC in Wyoming
File by Mail with the Secretary of State
Fee: $100 Payable to the Secretary of State (Nonrefundable)
Wyoming Secretary of State
2020 Carey Avenue, Suite 700
Cheyenne, WY 82002
How to Obtain a Certificate of Good Standing in Wyoming
A Certificate of Good Standing verifies that your Wyoming LLC was legally formed and has been properly maintained. Several instances where you might need to get one include:
- Seeking funding from banks or other lenders
- Forming your business as a foreign LLC in another state
- Obtaining or renewing specific business licenses or permits
To order a Certificate of Good Standing in Wyoming, simply place your order online through the Wyoming Secretary of State website.
Order a Certificate of Good Standing
Request Certificate of Good Standing Online
How to Dissolve an LLC in Wyoming
If at any point in the future you no longer wish to conduct business with your LLC, it is important to officially dissolve it. Failure to do so in a timely fashion can result in tax liabilities and penalties, or even legal trouble. To dissolve your Wyoming LLC, there are two broad steps:
- Close your business tax accounts
- File the Wyoming LLC Articles of Dissolution
When you are ready to dissolve your LLC, follow the steps in our Wyoming LLC Dissolution Guide.
Read More about LLCs & How to Run a Business
LLC: An LLC is a US business structure that offers the personal liability protection of a corporation with the pass-through taxation of a sole proprietorship or partnership.
DBA: A DBA, or doing business as name, is any name a business operates under that isn't its legal name.
Partnership: A partnership is an informal business structure owned by more than one individual that doesn't provide personal liability protection.