Wyoming Business Formation

Wyoming business formation involves specific procedures and fees, which vary based on the chosen business structure. Below is an overview for both Corporations and Limited Liability Companies (LLCs).

Wyoming Corporations

A corporation is a legal entity separate from its owners, offering limited liability protection. In Wyoming, corporations must adhere to the following requirements and fees:

1. Articles of Incorporation

Description: To establish a corporation, you must file Articles of Incorporation with the Wyoming Secretary of State.

Filing Fee: $100

2. Annual Report

Description: Corporations are required to submit an annual report 
Annual Fee: $50

4. Additional Fees

Description: Depending on the nature of the business, additional fees may apply, such as business license fees.
Range: Typically between $50 and $100 annually.

Wyoming Limited Liability Companies (LLCs)

An LLC combines the liability protection of a corporation with the tax benefits of a partnership. Forming an LLC in Wyoming requires the following steps and fees:

1. Articles of Organization

Description: To form an LLC, file Articles of Organization with the Wyoming Secretary of State.
Filing Fee: $100

3. Annual Report

Description: LLCs must submit an annual report.
Annual Fee: $50

4. Additional Fees

Description: LLCs may also incur additional fees, such as business license fees.
Range: Typically between $50 and $100 annually

*Note*: These fees are subject to change, and additional requirements may apply based on the nature of your business. Always consult the Wyoming Secretary of State’s office or seek professional advice for the most up-to-date information.