CobaltProsper

How to start an LLC in Wyoming

By Brent Chudoba, editor Updated

Forming an LLC in Wyoming costs $100 to file the Articles of Organization with the Wyoming Secretary of State. After that you file an annual report of $60. Wyoming charges no franchise tax on a standard LLC. Wyoming is one of the cheapest states: $100 to form and a $60 minimum annual report, with no income or franchise tax.

How much does it cost to start an LLC in Wyoming?

Wyoming LLC costs (reviewed August 29, 2026)
ItemCost
Filing fee (Articles of Organization)$100
Annual report$60/year
Franchise or business taxNone
Registered agentRequired

Source: Wyoming Secretary of State, fee schedule reviewed August 29, 2026.

What are the steps to form an LLC in Wyoming?

  1. Name your LLC. Pick a name that is available and meets Wyoming naming rules, then check it against the Secretary of State's business database.
  2. Appoint a registered agent. Wyoming requires a registered agent with a physical in-state address to receive legal mail. You can be your own agent, or hire a service.
  3. File the Articles of Organization. Submit it to the Wyoming Secretary of State and pay the $100 fee. This is the step that legally creates the LLC.
  4. Get an EIN from the IRS. It is free and takes minutes. Do not pay a service for it. See how to get an EIN free from the IRS.
  5. Calendar your annual report. Wyoming charges $60 to keep the LLC in good standing. Missing it risks penalties or administrative dissolution.
  6. Open a business bank account. Keep business money separate from personal money so your liability protection holds up.

Does Wyoming have a franchise tax on an LLC?

No. Wyoming has no franchise tax. Its annual report 'license tax' is the greater of $60 or $0.0002 per dollar of the LLC's Wyoming-based assets; $60 is the minimum for LLCs with under $300,000 in in-state assets.

How is an LLC taxed in Wyoming?

By default, an LLC is a pass-through entity: it pays no income tax itself, and the profits flow to the owners' personal returns. Wyoming has no state individual income tax, so those pass-through profits face no state income tax, only federal tax. That is one reason Wyoming is a popular state to form in.

An LLC can also elect to be taxed as an S-corp, which changes how owners pay self-employment tax. See LLC vs S-corp vs sole proprietorship and how self-employment tax works.

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