Thinking about launching your next big idea? Forming an LLC in Wyoming could be one of the most strategic steps you take. Known for its pro-business environment, privacy protections, and low costs, the State of Wyoming offers a straightforward path for entrepreneurs who want to protect their business and build a strong foundation.
Let’s dive into how to form a Wyoming limited liability company and everything you need to know before getting started.
Related: LLC vs. LLP
How to start an LLC in Wyoming in 5 steps
To open an LLC in Wyoming, you need to choose a name, appoint a registered agent, file the Articles of Organization, create an operating agreement, and get an EIN. It may sound complicated, but the process is straightforward and can usually be completed in just a few business days if you file online.
If you’re a first-time business owner, you may want to begin by reading this guide on how to start a business and exploring the role of an LLC organizer. You can also read this article on how to choose an LLC type. When you’re ready to put your plan into action, set up your LLC with GoDaddy.
Choose a name for your LLC
The first step in creating a business in Wyoming is to choose a name for your new LLC. Your business name is one of the first things people will notice about your brand, so it should stand out. However, the Wyoming Secretary of State requires that your LLC name:
- Includes “Limited Liability Company” or an abbreviation like “LLC” or “L.L.C.”
- Is distinguishable from any other names already registered in the state
- Does not imply that your business is a government agency (avoid words like “Treasury,” “State Department,” or “FBI”)
- Avoids restricted terms like “bank” or “insurance” unless you have approval
Once you’ve chosen a name, search the Wyoming Secretary of State’s business entity database to confirm availability. You can reserve it for 120 days for $60 if you want to lock it down without officially claiming it yet.
Get your business domain name
After you’ve selected your LLC name, secure your matching web address to protect your online presence. Your domain helps customers find you and builds credibility for your Wyoming LLC. Not sure where to start? Buy a domain from GoDaddy!
Get a DBA
A DBA, or “Doing Business As,” lets your Wyoming LLC operate under a different name than your registered legal name. In Wyoming, this is typically referred to as a Trade Name. For example, “Cheyenne Outfitters LLC” could file a DBA to do business as “CO Gear.” You can get a Trade Name through the Wyoming Secretary of State for $100. Learn more about what is a DBA and how it can support your branding goals.
Appoint a registered agent
Every LLC in Wyoming must have a registered agent to receive legal notices and official mail. Your registered agent ensures your business stays in compliance and doesn’t miss important communications from the state or courts. They must:
- Have a physical address within the state (no P.O. boxes)
- Be available during standard business hours
You can appoint any individual who meets these requirements (including yourself or another manager or member) as your registered agent, or hire a professional service. Many business owners opt for a professional service to help ensure nothing falls through the cracks. Learn more about registered agents and their role in this blog.
File Articles of Organization
To officially form your LLC, you must file Articles of Organization with the Wyoming Secretary of State online or by mail. You’ll need to provide:
- Your LLC’s name and principal address
- The name and address of your registered agent
- The name and signature of the organizer
The filing fee is $100 for online submissions or $102 by mail. Most filings are processed within two to five business days. Once approved, your Wyoming LLC registration will be complete.
Create an operating agreement
While Wyoming doesn’t require an operating agreement, it’s strongly recommended that all LLCs have one. This document defines how your business will run, helps protect your limited liability status, and prevents disputes amongst managers and members. It’s important to note that some banks and lenders require a copy of your operating agreement before you can open an account or apply for financial assistance.
Your operating agreement should include:
- Roles and responsibilities of members and managers
- Ownership percentages
- Rules for profit and loss distribution
- Voting rights and procedures
- Steps for adding or removing members
- Meeting and recordkeeping requirements
- Dissolution terms if the LLC closes
Even single-member LLCs benefit from this agreement because it reinforces your business’s credibility and legal protections. Find out more about what is an operating agreement and how to write one.
Get an EIN
An Employer Identification Number (EIN) is a federal tax ID issued by the IRS. Your Wyoming LLC will need it to:
- File taxes
- Hire employees
- Open a business bank account
- Apply for licenses or permits
You can apply for an EIN through the IRS website. To understand how this differs from other business IDs, check out this guide to TIN vs. EIN.
How long does it take to get an EIN?
If you apply online, you’ll receive your EIN immediately. Paper or fax submissions usually take two to four weeks.
How much does an EIN cost?
It’s completely free to apply for and maintain an EIN. There are no application, renewal, or processing fees.
How much does it cost to start and run an LLC in Wyoming
Starting and maintaining a Wyoming LLC is relatively affordable. Here’s what you can expect to pay:
- Articles of Organization: $100 online or $102 by mail
- Name reservation (optional): $60 for 120 days
- DBA registration (optional): $100 through the Wyoming Secretary of State
- Registered agent service (if applicable): $50–$150 per year
- Annual report fee: $60 minimum, or 0.0002% of your Wyoming-based assets (whichever is higher)
- Business licenses and permits: Vary by industry and city
- Taxes: Wyoming has no corporate or personal income tax, but LLCs still pay federal income tax and any applicable employer or sales taxes.
Overall, you can expect to spend around $250–$400 to form and maintain a Wyoming LLC in your first year.
What happens after your LLC is up and running
Forming a Wyoming limited liability company is a milestone worth celebrating, but there are a few more things you need to do to keep your business compliant and protect your LLC status.
Open a business bank account
Opening a separate bank account for your Wyoming LLC is essential to keep your business and personal finances separate. This helps you maintain liability protection, simplifies tax filing, and builds credibility with customers and lenders. To open a business bank account, you’ll typically need:
- Your business address
- Your Articles of Organization
- Your EIN from the IRS
- Your Operating Agreement
- A valid photo ID for all account holders
- An initial deposit (requirement varies by banking institution)
File for permits and required business licenses
Depending on your industry and location, your LLC may need specific licenses or permits before you can legally operate. While Wyoming doesn’t issue a statewide general business license, some cities and counties do. To find out what’s required for your business:
- Check the Wyoming Business Council website for industry-specific regulations.
- Contact your city or county clerk’s office for local permit information.
- Review federal requirements if your business involves food, health, or transportation.
File annual reports
Every Wyoming LLC must file an annual report to stay in good standing with the state. The LLC annual report keeps your business information up to date and confirms your continued operation.
- Deadline: On or before the first day of your LLC’s anniversary month each year
- Filing fee: $60 minimum, or 0.0002% of your Wyoming-based assets (whichever is higher)
- How to file: Online through the Wyoming Secretary of State’s filing system
Missing the deadline may result in late fees or the administrative dissolution of your LLC, so it’s important to stay on top of it.
Things to know about Wyoming LLCs
Before you dive into day-to-day operations, it’s worth understanding a few key details about maintaining and managing a Wyoming LLC. These insights will help you take advantage of Wyoming’s business-friendly benefits and grow with confidence.
Filing taxes for a Wyoming LLC
One of the biggest perks of forming an LLC in Wyoming is the state’s tax structure. Wyoming has no corporate income tax and no personal income tax, making it one of the most tax-friendly states for small business owners. That said, your LLC may still have other tax obligations, including:
- Federal income tax: Paid through your personal tax return if you’re a single-member LLC, or as a partnership or corporation if you’ve elected that status.
- Sales tax: 4% statewide, with possible local additions up to 6%.
- Employer taxes: If you have employees, you’ll need to register with the Wyoming Department of Workforce Services for unemployment insurance and withhold federal payroll taxes.
For detailed guidance, check out how to file business taxes for your LLC.
Obtaining a Certificate of Good Standing
A Certificate of Good Standing is an official document from the Wyoming Secretary of State that verifies your LLC is active, compliant, and current on all filings and fees. You might need this certificate when:
- Opening a business bank account
- Applying for loans or financing
- Registering your LLC in another state
- Working with investors or partners
You can request a Certificate of Good Standing online through the Wyoming Secretary of State’s website or by mail. The document is typically issued instantly online and costs $10.
Advantages of an LLC in Wyoming
Wyoming has earned its reputation as one of the most business-friendly states in the U.S. Entrepreneurs choose to form Wyoming LLCs for:
- Strong asset protection: Members’ personal assets are safeguarded from business liabilities.
- Privacy: Wyoming doesn’t require listing member names in public filings, helping keep ownership details private.
- Low fees: Formation and maintenance costs are among the lowest in the country.
- No state income tax: Neither individuals nor businesses pay state-level income tax.
Foreign registration: doing business outside Wyoming
If your Wyoming LLC plans to operate in another state, you’ll likely need to register as a foreign LLC in that state. The process generally includes:
- Filing an application for authority with the new state’s Secretary of State.
- Providing a Certificate of Good Standing from Wyoming.
- Paying the required registration fee (varies by state).
Keeping your registrations up to date in every state you do business in helps protect your LLC’s good standing and legal rights.
Start your Wyoming LLC today
Starting an LLC in Wyoming is one of the easiest and most cost-effective ways to build a strong foundation for your business. With no state income tax, affordable filing fees, and powerful privacy protections, Wyoming gives entrepreneurs the freedom they need to thrive.
Ready to make it official? With GoDaddy Airo for LLCs, you can form your Wyoming LLC, secure your domain name, and set up your business tools—all in one place. Take the next step today and bring your business idea to life with GoDaddy.
FAQ
Can I open an LLC in Wyoming without living there?
Yes, you can form an LLC in Wyoming even if you don’t live in the state. However, you must have a registered agent with a physical address in Wyoming who can receive official mail and legal notices on your behalf. Many business owners use professional registered agent services to meet this requirement and maintain compliance.
How much does it cost to set up an LLC in Wyoming?
The cost to establish a Wyoming LLC is relatively low compared to many states. In total, most new LLCs spend around $250–$400 to get started in Wyoming, depending on the optional services they choose.
What is the disadvantage of an LLC in Wyoming?
While Wyoming offers many advantages—like low costs, strong privacy, and no state income tax—there are a few potential downsides to consider:
- Out-of-state operations: If you do business in another state, you’ll need to register there as a foreign LLC, which adds extra paperwork and fees.
- Limited local market: Wyoming’s smaller population means fewer in-state customers if your business depends on local sales.
- Annual reporting requirement: Every Wyoming LLC must file an annual report and pay a small fee to remain in good standing.
For most entrepreneurs, these drawbacks are outweighed by the state’s strong protections and affordability.
