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.

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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 key costs associated with maintaining an LLC in Wyoming is the annual report fee. Every LLC in the state is required to file an annual report with the Wyoming Secretary of State. This report includes basic information about the company, such as its name, address, and the names and addresses of its members. There is a fee associated with filing the annual report, which helps to cover the administrative costs of keeping track of all the various business entities in the state.

In addition to the annual report fee, there are other costs that may be required to maintain an LLC in Wyoming. For example, if you hire a registered agent to act on behalf of your LLC, there will be a fee associated with this service. A registered agent is responsible for receiving legal notices and other important documents on behalf of your company, so it’s important to have one in place at all times.

Another potential cost associated with maintaining an LLC in Wyoming is the cost of obtaining a business license or permit, depending on the nature of your business. Some industries or activities may require special licenses or permits to operate legally in the state, and these can come with fees that need to be paid on a regular basis.

It’s also worth mentioning that there may be additional costs involved in keeping your LLC compliant with state and federal tax laws. Depending on the size and nature of your business, you may need to hire a tax professional to help you navigate the complex tax code and ensure that your company is meeting all of its obligations.

Overall, the costs of maintaining an LLC in Wyoming can vary depending on a number of factors, including the size and nature of your business, whether you hire outside help for certain tasks, and whether you need to obtain special licenses or permits. As a business owner, it’s important to budget for these expenses and understand the financial commitment involved in running an LLC in the state.

In conclusion, while there are costs associated with maintaining an LLC in Wyoming, the benefits of having limited liability protection and potential tax advantages can make it a worthwhile investment for many entrepreneurs. By understanding the various expenses involved and planning accordingly, you can ensure that your LLC remains in good standing and can continue to grow and thrive in the state.

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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