LLC Cost in Wyoming – How Much to Pay for an LLC


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

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Perhaps you are hoping to form an LLC in Wyoming. People assume that starting an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in Wyoming.

Wyoming LLC Cost of Filing

Here are the costs involved in forming an LLC in Wyoming.

Cost of Filing Formation Certificates

The Wyoming Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Wyoming Secretary of State.

Wyoming Domestic LLC

  • Online filing fee costs $102
  • Annual License Tax filing costs $50+ up to $500
  • Name Reservation fee costs $60
  • By mail: Fill out the Application Form PDF, and submit it to the following address: Wyoming Secretary of State, Herschler Building East, Suite 101, 122 W 25th Street, Cheyenne, WY 82002-0020. costs $100

Wyoming Foreign LLC

  • Online filing not available
  • Annual License tax filing fee costs $50+ up to $500
  • Name Reservation fee costs $60

By mail: Fill out the Application Form PDF, and submit it to the following address: Wyoming Secretary of State, Herschler Building East, Suite 101, 122 W 25th Street, Cheyenne, WY 82002-0020. costs $150

Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so.

Wyoming LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in Wyoming, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.

LLC Service

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$0 + State Fees

  • 100% accuracy guarantee

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$0 + State Fees

  • Established reputation

  • Extras are bit more expensive

  • Good customer support

Business Permits and Licenses

The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the Wyoming Department of Revenue for regulatory boards or agencies requiring licensing.

Wyoming LLC Taxes to be Paid

The State of Wyoming is one of those rarest States in the United States that does not levy any personal income tax on businesses. However, the business LLCs are obligated to file other taxes with the State authorities.

Wyoming Sales Tax

Wyoming charges sales tax at the rate of 4%. The rate may get higher up to 6% due to additional local county tax charged on the sales activities of the business.

Wyoming State Income Tax

No State Income Tax is imposed on the earnings in Wyoming.

Wyoming LLC Federal Self-Employment Tax

Any profit that Wyoming LLC Business members draw out from the business is liable to pay self-employment tax. The standard tax rate is 15.3%.

Wyoming LLC Employer Payroll Tax Withholding

If you hire employees in Wyoming, you must withhold payroll tax from their salaries. The standard rate of withholding is 7.65% of the taxable salary of the employees.

Wyoming Property Tax

The property tax is fixed at 11.5% of industrial property and 9.5% for commercial and residential, agricultural, and all other property.

Cost Comparison Among States

Every state has different costs of filing for an LLC to their respective State Authorities. If you wish to gain a better understanding of the costs of opening an LLC in a different state in comparison to Wyoming, read the table below:

StateFiling FeeAnnual Fee/Biennial FeeSales Tax
Wyoming LLC$102 (Online)$100 (mail)$50+ up to $500 (Annual)4.00%
Montana LLC$70$20 (Annual)0%
South Dakota LLC$150$50 (Annual)4.50%
Colorado LLC$100$02.90%
Idaho LLC$50$10 (Annual)6.00%

The major contributing industries to Wyoming’s economy are mineral extraction, mining, tourism, and agriculture. With no income tax, Wyoming has among the lowest property taxes and sales tax in the United States.

Other Costs

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

How Much Does It Cost to Maintain an LLC in Wyoming

To maintain an LLC in Wisconsin you will need to pay an annual fee of $50 + up to $500 along with sales tax at 4%, and federal taxes.

One of the initial costs associated with forming an LLC in Wyoming is the filing fee. This fee is typically paid when registering the LLC with the Secretary of State and can range from a few hundred to a thousand dollars, depending on whether the LLC is formed online or through the mail. Additionally, there may be additional fees for expedited processing or for certain types of forms.

Another cost to factor in is the annual report filing fee. Wyoming requires LLCs to file an annual report and pay a fee to remain in good standing with the state. While this fee is relatively small compared to the initial filing fee, it is an ongoing expense that should not be overlooked.

In addition to these fees, some LLCs may choose to hire a registered agent to handle legal documents and other official correspondence on their behalf. While this is not required by law, it can provide peace of mind and ensure that important paperwork is handled in a timely manner. The cost of hiring a registered agent varies depending on the service provider and the level of service required.

Other potential costs associated with maintaining an LLC in Wyoming include franchise taxes or fees. While Wyoming is known for its business-friendly tax environment and does not have a state income tax or corporate tax, there may still be other taxes or fees that apply to LLCs operating in the state. It is important for business owners to understand these potential costs and factor them into their budgeting.

Despite these expenses, maintaining an LLC in Wyoming offers several advantages that make it a worthwhile investment. For starters, LLCs provide limited liability protection, which means that the personal assets of the owners are protected from the debts and liabilities of the business. This can provide peace of mind and protect the owners’ financial well-being.

Furthermore, forming an LLC can provide tax benefits, as LLCs are pass-through entities where income is reported on the owners’ individual tax returns. This can result in lower overall tax liability and provide additional flexibility in tax planning. Additionally, LLCs offer flexibility in the management structure and are not subject to the same requirements as corporations, such as having a board of directors or holding annual shareholder meetings.

In conclusion, while there are costs associated with maintaining an LLC in Wyoming, the benefits far outweigh the expenses. From limited liability protection to tax advantages, forming and maintaining an LLC can provide business owners with the peace of mind and financial flexibility needed to succeed. It is important for business owners to understand the costs involved and budget accordingly to ensure the long-term success of their LLC.

In Conclusion

The cost of Wyoming is much lower compared to other forms of business. Apart from the state filing fees and annual taxes, you might bear the cost of the registered agent. Compare the price of professional LLC services and choose the most affordable one.

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