How Much Does Starting a Wyoming LLC Cost?
Registering your business legally and keeping it in good standing involves some expenses. Some are payable to the WY Secretary of State, while others are due to the federal government or other state government entity. We’ve summarized the most common requirements and fees here.
Note that Wyoming business license or permit fees may need to be paid when you first form your business, on an ongoing schedule or on an ad hoc basis. Find more details below.
Initial Wyoming LLC Fees
When you first form your business, you’ll need to file as an LLC with the WY Secretary of State and pay a filing fee. Here are the current Wyoming LLC fees and filing times:
When you form through Incfile, we charge you this fee and automatically forward it to the WY Secretary of State when we file your formation paperwork.
Employer Identification Number
Every LLC in the U.S. should have a unique Employer Identification Number (EIN). It's provided by the Internal Revenue Service, and you use it when you file taxes, open a business bank account and pay employees. You can secure one for yourself from the IRS at no cost or have Incfile do it for you.
When you want to do business in a state other than the one where your business is based, you must create a foreign LLC.
Wyoming Foreign LLC Registration
Before you can bring an arm of your business from another state into Wyoming, you must request Wyoming Foreign Qualification. This means the state gives you permission to conduct business there.
To request registration of a Wyoming Foreign LLC, you must complete a Foreign Limited Liability Company Application for Certificate of Authority form and pay a $100 filing fee. The state may have additional requirements so contact the WY Secretary of State for more information.
Foreign Qualification to Operate in Another State
If you plan to expand your Wyoming LLC into another state, you’ll first need Foreign Qualification or a Certificate of Authority from that state. This is necessary if you'll have a physical presence, employees or banking in that state.
Creating a Foreign LLC in another state will probably mean completing applications and paying filing fees, but each state has its own specific requirements. Before you start the process, compare state filing times and state filing fees so you can plan accordingly. Contact the state government entity that administers business (usually the Secretary of State) to confirm their requirements and for specific instructions.
If you need assistance, Incfile provides complete Foreign Qualification service for all states.
Annual Report Requirements
Most states — including Wyoming — require businesses to file an annual (or other periodic) report with their Secretary of State. When you file your annual report, you’ll need to pay a fee of $52 ($50 + $2 electronic filing fee). Here are the Wyoming annual report filing requirements:
On or before 1st day of anniversary month of organization
*includes $2 electronic filing fee
Wyoming Business License and Permit Requirements
As a business owner, you must make sure you have the proper state, federal or local business licenses to operate your LLC. Some of the associated fees only need to be paid once, while others are ongoing charges.
Permits and licenses vary based on:
You are not required to have a Wyoming LLC Operating Agreement. However, if you choose to register your business as a Wyoming Close LLC, there are other restrictions, outlined below.
An Operating Agreement covers how managers and members are chosen, the rights and duties of those members, how the business will be run and several other key areas.
This document can be extremely helpful in making sure you’re organized and prepared for any future events that may affect your business.
If you have a Close LLC, you’re required to have an outline of how the company will operate clearly explained in the Operating Agreement. If you skip this step, the Close LLC will be filed in the default LLC status. More information on requirements for your Wyoming Close LLC Operating Agreement can be found in Wyoming law.
You can choose to make changes to the template based on your unique requirements.
Other Potential LLC Fees or Requirements in Wyoming
You may need to pay several fees or meet other requirements during the life of your LLC. These ad hoc fees will only be payable in specific circumstances, which we’ve listed below.
Amending Certain Facts About Your LLC
Your business formation documents state certain facts about your Wyoming business when it was originally formed. Over time, these facts may change. If they do, you need to file an Amendment to Articles of Organization form with the WY Secretary of State and pay a $50 fee. You can do this yourself or have Incfile complete the filing on your behalf.
Getting a Wyoming Certificate of Good Standing
Some organizations will request that you prove your LLC’s compliance with laws and tax requirements. If you need to prove you have met your commitments, you’ll need a Certificate of Good Standing from the WY Secretary of State.
The fees listed above detail many of the charges that a standard LLC will be required to pay. In some unusual circumstances, there may be other one-off, periodic or ad hoc fees not listed above.
Of course, your LLC will also probably need to pay self-employment, payroll, federal and sales taxes. More information about taxes can be found on the Wyoming Business Taxes page.