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To form a Wyoming LLC, you file Articles of Organization with the Wyoming Secretary of State, pay the $100 filing fee, appoint a registered agent with a physical Wyoming address, and obtain an EIN from the IRS. Wyoming does not require an operating agreement, though one is recommended. We handle the entire process for you when you choose our Complete or Professional plan.

A Wyoming LLC costs $100 to form and $60 per year for the annual report (license tax). Registered agent service is $99/year and includes a compliance calendar with deadline tracking. Total annual cost to maintain your Wyoming LLC is approximately $159 per year. There is no state income tax, franchise tax, or additional state fees.

No. Wyoming has no state personal income tax and no corporate income tax. This makes it one of the most tax-friendly states in the country for LLC owners. You will still owe federal income tax on business profits, but Wyoming itself will never tax your LLC income.

Wyoming does not require member or manager names on the Articles of Organization. However, the person who files the paperwork is listed as the "organizer" and that name becomes part of the public filing. When you use our Complete or Professional plan, we file as the organizer on your behalf — so your personal name is not included on the filing we submit. If you file on your own, your name will appear as the organizer even though you're not listed as a member.

A registered agent is a person or company designated to receive legal documents and official state mail on behalf of your LLC. Wyoming law requires every LLC to have a registered agent with a physical Wyoming address. Using a professional registered agent keeps your home address off public records and is designed to help you stay on top of important legal documents.

Yes. Wyoming has no residency or citizenship requirement for LLC formation. Anyone, anywhere in the world, can form a Wyoming LLC. You do not need to live in Wyoming or visit the state. All filing is handled online through the Secretary of State.

A privacy-focused Wyoming LLC is formed without listing member or manager names on state filings. Wyoming is one of the few states that does not require this information on the Articles of Organization. When you use our service, we go a step further — we file as the organizer on your behalf so your personal name is not included on the filing we submit to the state. This is one of the strongest privacy-focused approaches available for Wyoming business formation.

Yes. Wyoming allows single-member LLCs and gives them the same charging order protection as multi-member LLCs. This is rare — most states do not extend charging order protection to single-member entities. It means creditors cannot seize your LLC assets even if you are the sole owner. Wyoming is widely regarded as the best state for single-member LLC asset protection.

Wyoming offers advantages most states cannot match: no state income tax, no franchise tax, anonymous LLC formation, the strongest charging order protection in the country (even for single-member LLCs), and low annual fees ($60/year). Many business owners across the U.S. choose Wyoming for asset protection and privacy even if they operate in another state. Wyoming is consistently ranked the most business-friendly state in the nation.

Wyoming does not legally require an operating agreement, but having one is strongly recommended. A Wyoming-specific operating agreement establishes your management structure, outlines member rights, and addresses provisions like charging order protection under Wyoming Statute § 17-29-503. Our Professional plan includes a comprehensive Wyoming-specific operating agreement template — built around the provisions that asset protection attorneys recommend, not a generic two-page form. We always recommend having a licensed attorney review your completed agreement to make sure it fits your specific situation.

By default, the IRS treats a single-member LLC as a “disregarded entity” — meaning all profit and loss flows through to your personal tax return (Schedule C of Form 1040) and you pay self-employment tax (15.3%) on the net profit. A multi-member LLC is treated as a partnership by default — the LLC files Form 1065 and issues K-1s to each member, and profit/loss flows through to each member’s personal return. In both default scenarios, the LLC itself pays no federal income tax — it’s a pass-through entity. Wyoming itself charges no state income tax on any of this.

An LLC can elect to be taxed as an S-Corporation or C-Corporation — these are IRS tax elections, not entity changes (your LLC stays an LLC legally). An S-Corp election keeps pass-through tax treatment, but lets you split earnings between W-2 salary and profit distributions, saving self-employment tax on the distribution portion. A C-Corp election turns your LLC into a separately-taxed entity — the LLC pays corporate income tax (21% federal flat rate), and profits distributed to owners are taxed again as dividends (the “double taxation” problem). C-Corp is rarely the best choice for small businesses, but can make sense if you plan to raise venture capital, issue stock options, or retain earnings inside the company to reinvest.

Yes — S-Corporation is still a pass-through entity, so profits and losses still flow through to your personal tax return. The difference from default LLC taxation is that you’re required to pay yourself a “reasonable salary” through W-2 payroll, and only that salary is subject to 15.3% self-employment/payroll tax. Profit distributions above your salary flow through to your personal return but are not subject to self-employment tax. That’s where the savings come from. Each year you’ll receive both a W-2 (for salary) and a K-1 (for distributions). Your LLC also files its own informational tax return (Form 1120S). We recommend talking with a CPA before electing to make sure the savings outweigh the added complexity for your situation.

S-Corp election generally starts making financial sense when your LLC’s net profit exceeds roughly $50,000–$75,000 per year. Below that, the cost of running payroll, added compliance (quarterly payroll tax filings, Form 1120S, W-2/K-1 issuance), and complexity typically offset the self-employment tax savings. Above $75K, the savings become meaningful. Above $100K it’s often a no-brainer for solo business owners. The IRS requires Form 2553 to be filed within 75 days of your LLC’s formation date (or by March 15 to elect for the current tax year of an existing LLC). Miss the deadline and you wait until next tax year. Our S-Corp Election add-on handles the filing for $149.

Yes — an LLC can elect C-Corp tax treatment by filing IRS Form 8832. Your LLC remains an LLC legally; only the federal tax classification changes. C-Corp taxation is uncommon for small business owners because of double taxation: the corporation pays 21% federal tax on profits, and any distributions to owners are taxed again as personal dividends. C-Corp treatment can make sense for businesses planning to raise venture capital, issue stock options, offer broader employee benefits (like tax-free health insurance premiums for owner-employees), or retain significant earnings inside the company rather than distribute them. For most single-owner or small partnership LLCs, default pass-through treatment or an S-Corp election will result in a lower total tax bill. Always consult a CPA before changing your tax classification.

Switching your Wyoming registered agent is simple. Choose our Switch My Agent plan, and we handle all the change-of-agent paperwork with the Wyoming Secretary of State. The transfer takes just a few business days, and your service with us starts immediately. The cost is $99/year for registered agent service plus a small one-time $39 transfer fee.