How Much Does It Cost to Start an LLC in Wyoming?

Wyoming LLC Online Filing Fee: $102

The main cost to start an LLC in Wyoming is the $102 fee to file your LLC's Articles of Organization online with the Wyoming Secretary of State.

For a look at LLC costs in every state, read our other Cost to Start an LLC and How to Form an LLC guides.

Cost to Form a Foreign LLC in Wyoming

If you already have an LLC that is registered in another state and you’d like to expand your business into Wyoming, you’ll need to register your LLC as a foreign LLC in Wyoming.

The cost for registering a Wyoming foreign LLC is $100. You can register a foreign LLC in Wyoming by filing an Application for Certificate of Authority.

Optional LLC Formation Costs

There are optional fees associated with LLC formation:

LLC Name Reservation

Reserve your name for up to 12 months prior to LLC formation by filing an Application for Reservation of Name and paying the $50 filing fee.

Trade Name

File an Application for Reservation of Trade Name and pay the $100 filing fee to create a name other than your legal LLC business name.

Seven Basic Steps to Start an LLC in Wyoming

Step 1: Name Your Wyoming LLC
Step 2: Choose a Registered Agent
Step 3: File the Articles of Organization
Step 4: Create an Operating Agreement
Step 5: Get an EIN
Step 6: File the Annual Report
Step 7: Keep Your Company Compliant

Step 1: Name Your Wyoming LLC

When you name your Wyoming LLC, you’ll need to choose a name that:

1. Is available for use in the state of Wyoming
2. Meets Wyoming naming requirements
3. Is available as a web domain

Recommended: Visit our Start an LLC in Wyoming guide for detailed naming rules and instructions for registering a business name in Wyoming.

Not sure what to name your business? Check out our How to Name a Business guide and free LLC Name Generator.

We recommend that you check online to see if your business name is available as a web domain. Even if you don't plan to create a business website today, you may want to buy the URL in order to prevent others from acquiring it.

Step 2: Choose a Registered Agent

All LLCs in Wyoming must appoint a registered agent. A registered agent primarily acts as your LLC’s main point of contact with the state. But most importantly, they are responsible for accepting service of process in the event your business is sued.

Your Wyoming registered agent must:

• Be at least 18 years or older
• Have a physical address in Wyoming
• Be available during normal business hours to accept service of process

In Wyoming, your registered agent must consent to appointment.

Step 3: File the Articles of Organization

The Wyoming Articles of Organization is a document that is filed with the Wyoming Secretary of State to form an LLC. The fee for filing the Articles of Organization is $102 online.

For detailed instructions for completing the Articles of Organization, visit our How to File the Wyoming Articles of Organization guide.

Step 4: Create an Operating Agreement

An operating agreement isn't required for Wyoming LLCs, 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.

Step 5: Get an EIN

What is an EIN? An EIN or Employer Identification Number is a nine-digit number issued by the Internal Revenue System (IRS) to identify a business for tax reporting purposes. An EIN is essentially a Social Security number (SSN) for your company.

Why do I need an EIN? An EIN number is required for the following:

• Opening a business bank account
• Hiring employees

Step 6: File the Annual Report

Wyoming requires LLCs to file an annual report with the Secretary of State and pay an annual license tax. This must be filed online by the first day of the month in which you formed your LLC.

The filing fee is $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.

Step 7: Keep Your Company Compliant

To maintain the compliance of your LLC in Wyoming, you must follow the appropriate federal, state, and local regulations, fulfill tax obligations, and adhere to employment laws.

Here's a summary:

• Obtain the required business licenses and permits. The type and number of licenses and permits required will depend on your specific business activities. You can use our Wyoming Business License guide or the U.S. Small Business Administration (SBA) guide to understand these requirements. Alternatively, consider using a professional service to research your business’s licensing needs.
• Keep up with Wyoming LLC taxes. If you sell a physical product, you usually need to register for a seller's permit via the Wyoming Department of Revenue website. Wyoming's base state sales tax is 4%, but local taxes can add up to 2% more. If you plan to hire employees, register for Unemployment Insurance Tax with the Wyoming Department of Workforce Services.
• File federal income tax returns. Even though Wyoming doesn't impose an individual income tax, you still have to report your federal income tax using Form 1065 for multi-member LLCs or Form 1040 Schedule C for single-member LLCs.
• If you're hiring employees, comply with legal requirements by:
• Verifying new employees' eligibility to work in the US.
• Reporting new hires to the state
• Providing workers' compensation insurance
• Withholding employee taxes
• Displaying workplace compliance posters prominently

For additional information on hiring in Wyoming, visit the Wyoming Department of Workforce Services. For more resources like sample job descriptions and payroll service reviews, check out our Hiring for Your Small Business Guide.