Fact Checked by Editorial Staff
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.
On this page, you’ll learn about the following:
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:
| State | Filing Fee | Annual Fee/Biennial Fee | Sales 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 | $0 | 2.90% |
| 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
- Wyoming Name Reservation: $60 for filing by mail
- Doing Business As (DBA): $100 if filing by mail
- Certified Document Copies: $5.50 for up to five (5) pages + $0.50 per additional page.
- Certified of Good Standing: $14
- Business Domain Name and Website: depend on your preference, but domain name could be as low as $2.99/yr at NameCheap, and web hosting is at least $30/mo at Kinsta.
- Online workspace: at least $4.20/mo for GSuite.
- Business Insurance: would vary depending on insurance type–whether general liability insurance or professional liability insurance–and coverage.
- Dissolution of Wyoming LLC: $60
F.A.Qs
It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.
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.
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 most significant costs of maintaining an LLC in Wyoming is the initial registration fee. When starting an LLC, entrepreneurs are required to file Articles of Organization with the Wyoming Secretary of State and pay a registration fee. This fee is a one-time cost and varies depending on the type of service chosen. While this cost is unavoidable, it is essential for establishing the legal structure of the business and providing liability protection to its owners.
In addition to the initial registration fee, LLCs in Wyoming are also required to pay an annual report fee. This fee must be paid each year to maintain the LLC’s active status with the state. Failure to pay the annual report fee can result in the LLC being administratively dissolved, which can have serious consequences for the business and its owners.
There are also ongoing costs associated with maintaining an LLC in Wyoming. These costs may include hiring a registered agent to receive legal documents on behalf of the LLC, filing required state and federal tax returns, and fulfilling any other compliance requirements. While these costs are essential for keeping the business in good standing with the regulatory authorities, they can add up over time and impact the overall profitability of the business.
In addition to the direct costs of maintaining an LLC in Wyoming, entrepreneurs should also consider the opportunity cost of their time and effort. Running a business requires a significant investment of time and energy, and entrepreneurs must be willing to sacrifice other opportunities in pursuit of their business goals. While the financial costs of maintaining an LLC are important, the personal costs should not be overlooked.
Despite the costs associated with maintaining an LLC in Wyoming, there are also significant benefits to this business structure. One of the primary advantages of forming an LLC is limited liability protection, which shields the personal assets of the owners from the debts and liabilities of the business. This protection can provide peace of mind to entrepreneurs and allow them to take more risks in growing their business.
In conclusion, the cost of maintaining an LLC in Wyoming can vary depending on various factors, including the size and nature of the business. While these costs are necessary for establishing and growing a business, entrepreneurs should be aware of them and budget accordingly. By understanding the financial and personal costs associated with maintaining an LLC, entrepreneurs can make informed decisions and set themselves up for success in the competitive business landscape of Wyoming.
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.