Wyoming LLC – How to Form an LLC in Wyoming (2022)

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Having a Wyoming LLC is a better and cheaper option than having other business structures. A limited liability company (LLC) reduces the owners’ personal liability and protects their personal assets. One can start an LLC in two ways, domestic LLCs or foreign LLCs (LLCs in more than one state). By following some basic steps, you can easily form an LLC in Wyoming.

wyoming llc

How to Start an LLC in Wyoming

An LLC or a Limited Liability Company is a hybrid business entity combining a corporation’s characteristics with a partnership or sole proprietorship. It separates your personal assets from your business assets, thus giving you personal asset protection. This section gives you a step-by-step guide on how to start an LLC in Wyoming.

Step 1: Decide a Name for Your LLC

name llc

Deciding on a business name is the first step to start an LLC. In Wyoming, before you name your LLC, it is important to note a few things. Firstly, make sure the name is available to use. If the name is available, then check if the name complies with all the Wyoming business naming requirements. Once you pass through them, you can successfully name your business.

Why do you need a proper business name?

If you want your LLC to have special identification, your company name is essential. However, many people face lots of issues by avoiding focus on choosing a business name for their LLC business formation filings.

Because of this, here are some of the major benefits of choosing the best LLC corporate names.

  • To help establish a company’s presence in the market, a proper business entity type will help you. This also creates a new identity that will resemble your LLC.
  • After you’ve properly chosen the name for your LLC, you will have no problems finishing the registration process.
  • You can only get the EIN number when you have your name registration certificate with you.

Requirements when deciding a name for your LLC

LLC Name Search: A business name search is required to check if the desired name is available or not. If the name is available then the business owner has to fill up a name reservation form and send it to the Secretary of State, Wyoming. To do the name search, one has to visit the Business Entity Search page on the official Secretary of State website. Send the name reservation form to the below address by mail to reserve your LLC name in Wyoming. The cost of a name reservation is $50.

Important Quick Links:

Mail To:

Wyoming Secretary of State
2020 Carey Avenue, Suite 700
Cheyenne, Wyoming 82002-0020

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Step 2: Assign a Registered Agent in Wyoming

get registered agent

A registered agent is a person/business entity that will act or work on your behalf. This person or business will do things like filing services and receive significant tax forms, legal forms, formation documents, any internal document, a notice of lawsuits, and other official government correspondence in Wyoming. Choosing a Wyoming registered agent for service of process for your LLC is required. 

Make sure your registered agents are residents of Wyoming. It could also be a business with a principal office address. Here are the recommended agents and employees for you:

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Note that availing of the services of professional registered agents would be your best option since you are guaranteed that whoever is handling your legal affairs knows their stuff well. You will enjoy peace of mind and focus only on running your business, as the ‘professionals’ take care of all legal matters.  

These LLC formation services are recommended registered agent services as they are authorized to conduct business in Wyoming. Compare them to check the best yet cheapest option for you. Besides, they can guarantee you professional service because they have been in the business for years. 

Step 3: File Articles of Organization in Wyoming

file formation certificate

This is the most essential step in forming an LLC. A Certificate of Name Reservation is needed to file Articles of Organization, as other states call it. You need to make reports of this certificate with the Wyoming Secretary of State, which costs $100-$102. You may file them online with your email address or by mail through the physical street address. 

This Certificate of Formation is a legal document needed to form your business officially. It will indicate details about your LLC in Wyoming, like if it is a member-managed or managers-managed

Before you start filings, you must already have your LLC name and registered agents or employees. You will attach a copy of your Name Reservation Certificate along with a list of the services that your Wyoming LLC will offer.

How to File Online

Go to the Secretary of State Online Service. Select “non-subscriber.” Fill out the online form. The website will alert you if your county does not support online filings after selecting your principal county. To know more about online filing, visit the Wyoming Certificate of Formation.

How to File by Mail

If you prefer filing real-life forms for your Wyoming LLC registration, then you can download the Wyoming Limited Company Certificate of Formation. Read the form thoroughly and fill it out. It will have to fill, among others,  your name, city, state, zip code, and signature. You may also file in person by visiting the office on business days. The mailing address is mentioned below.

Mail To: Wyoming Secretary of State
2020 Carey Avenue
Suite 700
Cheyenne, WY 82002

Step 4: Create Your Wyoming LLC Operating Agreement

create operating agreement

An operating agreement is a document that legally outlines the proprietorship and operating procedures of your LLC This document is vital as it ensures that all business owners are on the same page regarding how they operate, thus reducing future conflicts. 

When it comes to an LLC operating agreement Wyoming does not require you to have a comprehensive operating agreement, but it is ideal to have one that contains all your details of business operation. This document would be useful if you decide to dissolve Wyoming LLC later.

Step 5: Filing a Wyoming LLC EIN

get an ein

The Employer Identification Number or, simply, the E.I.N. is a nine-digit number given by the Internal Revenue Service (IRS) to make it easier to identify types of business for tax purposes and taxes in general. It is like a Social Security number dedicated to a business’ taxes. The EIN is necessary for any active business or any form of business for that matter. 

EIN is needed when the LLC hires employees. Hiring employees in Wyoming LLC requires specific rules and regulations. One should know about them before hiring employees. EIN for Wyoming foreign LLC should be obtained if your LLC is based in other states.

To obtain EIN (aka FEIN) one has to fill up a form (Online or by mail) and submit it to the IRS. Before sending the form, ask for EIN Assistant. Enter details of your LLC, and finally complete the form and send it to the address given.

Mail to: Internal Revenue Service, Attn: EIN Operation, Cincinnati, OH 45999

Fax: (855) 641-6935 | Fee: Free

Note: You don’t need a Social Security number when getting an EIN. You can proceed to fill out I.R.S. Form SS-4 and leave section 7b blank. You must then call the IRS at (267) 941-1099 to complete your application. Agents or employees will help you with that.

And that’s all! Congratulation, you are now done with all the necessary steps to form your Wyoming LLC. If you still haven’t used a professional service from here, I strongly recommend having one to handle the remaining tasks.

After Starting your Wyoming LLC 

After forming your LLC, there are still some things that you will need. Take note of the following:

  • Get a company business bank account
  • File Wyoming business permits & licenses
  • Get liability for business and professional liability insurance with coverage for employees
  • File a Wyoming LLC annual report or biennial report
  • Already existing LLCs that wish to operate in Wyoming must register as Wyoming foreign LLC.   

This page has provided you with steps to LLC formation and filing processes. You now have to remember upcoming filing deadlines and filing fees or filing costs, including fees for late filings to make sure your LLC is up-to-date.

Wyoming Foreign LLC

When we talk about starting a business in Wyoming, LLC is the best option. Especially for startups and small businesses, it is wise to have an LLC in Wyoming. The primary reason for that is it has fewer tax liabilities and a high level of incentives paid by the government agency in some prominent industries.

Cost of Wyoming LLC

Forming a Wyoming Limited Liability Co. is easy and cost-effective. There is a one-time cost to be paid that is a name reservation fee ($50) and a filing fee ($100-$102) to the state government. Apart from that LLC annual costs include a yearly report fee, some state, and federal taxes. Though LLCs do not pay any income tax, individual members have to pay their personal state income taxes. 

If LLCs hire employees then they may have to bear employer taxes. LLCs with employees have to obtain EIN and have to pay the taxes to the IRS. At the beginning of the LLC filing, you will get tax classification options. Choose your LLC tax structure wisely to get more tax benefits. LLC costs in Wyoming guide will help you know about the taxes and costs you have to pay to form a Wyoming LLC. 

Why an LLC in Wyoming – Wyoming LLC Benefits

When we talk about starting a business in Wyoming, LLC is the best option. Especially for startups and small businesses, it is wise to have an LLC in Wyoming. The primary reason for that is it has fewer tax liabilities and a high level of incentives paid by the government agency in some prominent industries.

Also, various business funding options make it easier for small businesses. Hence, Wyoming is now the favorite business state for small and medium-sized enterprises. A special type of business like a woman-owned business can get special grants while forming their LLC in Wyoming. Following are the benefits of having Wyoming LLC, 

Tax Benefits

The state provided huge tax credits and benefits to the entrepreneurs. Some of the prominent tax reduction programs are, 

  • Corporate Tax – LLCs don’t have to pay any corporate tax while operating their business in Wyoming. 
  • Intangible Tax – For any intangible asset such as investments in bonds, shares, etc., there is one Intangible tax that LLCs have to pay. But in Wyoming, no such tax is levied.
  • Personal Income Tax – While operating your Wyoming LLC, you don’t need to pay any personal income taxes to the state government. 
  • Estate Tax – There is no estate tax in the state. You can live and pass the property on to the next generation. 
  • Excise Tax – If you are operating a Wyoming LLC, then food, gas, and other necessary products won’t get taxed. No excise tax will be levied. Read more on Wyoming’s classification of LLC tax.

Freedom in Capitalization

In Wyoming, there is no upper bar for capitalization. That means any Small and medium-sized company can raise a fund of up to $500,000. There’s no upper limit of having capital for the business setup in this state. 

Minimum Formation Formalities

Along with tax benefits and low filing fees, the formalities are hassle-free as well. You can finish everything before time if you get one professional service to handle all your work. 

Low Risk for Lawsuit

In this state, starting an LLC means one has to register their company with the government. However, there is no rule that you have to register as a manager or a member of the LLC. Hence, there is a shallow risk of getting a lawsuit. 

Taxes Exemptions

There are several taxes like self-employment taxes, Federal taxes, employee taxes, and many more that are needed to be paid. However, there are tax exemptions to lower down the tax burden more in this state. 

  • Sales Tax Exemption on Manufacturing – For the specific manufacturing units, sales tax is exempted fully. LLCs or businesses do not have to pay anything to the government.
  • Sales Tax on Electricity –  Those willing to start Wyoming LLC can enjoy electricity for free until they start their company. There’s no fee to be paid for consuming electricity.

Top 3 Businesses in Wyoming

When you decide to form an LLC in Wyoming, you must have a good knowledge of the state’s economy. First of all, you should know the businesses that are running in the state and their contribution to the state.

Mining Businesses

Despite a bit of decline in oil and coal production in the state, the mining businesses are one of the top economic contributors. The major coal mine in the state is the Green River Basin and Powder River Basin, with 68.7 billion tons of coal production.

Also, there is a production of 1.77 trillion natural gas in a year in Wyoming that helps in driving major industries in the state. Wyoming is also known to produce Trona used in paper, glass, water softener, and baking soda businesses.  The total contribution of the industry is around $4.4billion.

Tourism Business

The historical places and monuments of the state have successfully attracted around 6 million visitors to the state. The key attraction to the state is Yellowstone National park and Grand Teton Park that are solely responsible for attracting 4 million people. The sector is giving around $2 billion in revenue to the state GDP.

Agriculture Businesses

The tiny state is also known as the cowboy state due to the 1.5 million cows present. Out of all the agricultural receipts, 86% portion is generated by livestock only. Other important elements of the agriculture sector are:-

  • Hay production
  • Wool products
  • Dairy products
  • Honey

The total contribution made by the sector is around $1.08 billion.

Some of the small scale businesses that are well established in the state are:-

  • Graphic designing services
  • Travelling agency
  • Online streaming businesses

Wyoming LLC Formation Review

Time needed: 5 minutes.

Just to recap, here are the easy steps again when forming an LLC in Wyoming. Click on the steps in this list to read the full detail.

  1. Name your Wyoming LLC

    The first thing you must do is to choose a company name, which should be unique, easy to find, and available in the state.
    name llc

  2. Choose a registered agent

    In Wyoming, it is mandatory to select a registered agent for your LLC. You can check out our list of our 5 Best LLC Services in the United States.
    get registered agent

  3. File a formation certificate

    Filing a formation certificate is necessary when forming an LLC. Depending on the state, it could be called any of the following: Certificate of Formation, Articles of Organization, or Certificate of Organization.
    file formation certificate

  4. Create operating agreement

    An operating agreement is not a strict requirement but something encouraged when you start an LLC.
    create operating agreement

  5. Get an EIN

    The Employer Identification Number (EIN), also called Federal Tax Identification Number, serves to identify a business entity like a social security number but for a company.
    get an ein

How Fast Can I Form an LLC in Wyoming

If you’re looking to start a new business, you may be wondering: How fast can I form an LLC in Wyoming? The answer to that question varies depending on your goals and circumstances. If you’re looking to start a business quickly, you’ll likely want to find a company that offers a quick and easy process. In Wyoming, LLC formation is done online, so it’s relatively easy to get a company up and running in as little as five minutes.

One of the first steps in forming an LLC in Wyoming is obtaining an Employer Identification Number (EIN). An EIN is like a social security number for your business, and is required by the state and IRS. You can obtain this number online for free. You can use a guide on getting your EIN. You can follow the instructions in this guide to make sure you’ve got the right number.

Once you’ve chosen a name, the next step is deciding on an organization’s registered agent. An LLC’s registered agent can be an individual, or a professional service. The registered agent can resign at any time, but it is crucial that they stay on the company’s legal records. Operating without a registered agent could lead to administrative dissolution. To form an LLC, you must fill out the Form LLC. Then, you must complete all of the documents required by the state.

Choosing a registered agent is an essential step in the process. Your registered agent is the person or entity responsible for receiving important documents and government correspondence for your company. An LLC needs a registered agent in Wyoming to be able to receive notices and service of process from the state. A registered agent is required to ensure that your business is legally protected. If you want to avoid a legal nightmare, hire a registered agent.


Can I file a Wyoming LLC by myself?

If you are a resident of Wyoming, then you can file your LLC by yourself. However, it is always worth having a professional than doing it yourself to handle legal complexities, paperwork, and other documentation.

What is the cost of forming an LLC in Wyoming in a year?

Apart from the formation fee of $102 (domestic LLC) and $100 (foreign LLC), LLC costs in Wyoming include $50 for Annual Reports every year. LLCs are liable to pay sales tax of 4% every year

How long does it take to get an LLC in Wyoming?

It takes no time (immediately) to get a Wyoming LLC if you file it online. For the mail filing, it takes 5 to 7 business days to get an LLC.

How to renew my LLC in Wyoming?

Every year all the LLC have to submit an Annual Report and pay $50 to the Wyoming Secretary of State and renew the LLC. It is mandatory to renew your LLC every year.

What is the tax structure for an LLC in Wyoming?

Generally, for the LLCs, it is a default tax structure. Once you will obtain the EIN, you will get the various tax structure options to select. Sometimes LLCs choose S Corp to reduce federal tax burdens.

In Conclusion

LLCs are easier to establish than other business structures. Small businesses, especially start-ups can easily start their LLC in Wyoming at a bare minimum cost. LLCs have a ‘pass-through taxation’ advantage for which they are excluded from certain taxes. The formation of limited liability companies requires much lesser documents and legal processes. Share your queries with us, leave a comment below.

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