LLC Taxes & FeesWY

Wyoming LLC Taxes & Annual Fees 2026: Complete Guide

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8 min read2,100 words
US Business Compliance Research Team
Expert LLC compliance researchers

Quick Answer

Wyoming LLCs pay a minimum annual license tax of $60 (for businesses with $300,000 or less in Wyoming assets), due on the first day of the LLC's anniversary month. Wyoming has no state income tax and no franchise tax, making it one of the most affordable states for LLC annual maintenance. The initial formation fee is $100.

Key Takeaways

  • Wyoming annual license tax is $60 minimum — one of the lowest in the U.S.
  • Tax is calculated as $0.0002 per dollar of Wyoming assets (minimum $60)
  • Due date is the first day of your LLC's anniversary month — not a fixed date
  • Wyoming has no state income tax — neither personal nor corporate
  • Wyoming has no franchise tax — unlike Delaware's $300 flat fee
  • Formation costs $100 — total first-year cost under $200 for most small LLCs
ItemCost/DetailsNotes
LLC Formation (Articles of Organization)$100One-time filing fee
Annual Report License Tax (minimum)$60Assets ≤$300,000 in WY
Annual Report License Tax (over $300K)$0.0002 × WY assets$200 at $1M in WY assets
Foreign LLC Registration (Certificate of Authority)$150One-time
Commercial Registered Agent registration$50For RA businesses, paid to WY SOS
Certificate of Good StandingFree (electronic)Available at wyobiz.wyo.gov

Wyoming Annual License Tax

Wyoming does not have a traditional "annual report fee" — instead, it charges an annual report license tax based on your LLC's Wyoming assets. For most small LLCs, this equals the $60 minimum.

The calculation formula: $0.0002 × Wyoming assets, minimum $60. This means:

  • If Wyoming assets ≤ $300,000: pay $60 (minimum)
  • If Wyoming assets = $500,000: pay $100
  • If Wyoming assets = $1,000,000: pay $200
  • If Wyoming assets = $5,000,000: pay $1,000

Only assets located and employed in Wyoming count toward the calculation. If your Wyoming LLC has $10 million in total assets but only $200,000 are in Wyoming, you pay the $60 minimum.

No Annual Report Form for Most: The annual report filing also includes basic entity information (registered agent, principal address). File online at wyobiz.wyo.gov or by mail. Online filing is faster and provides immediate confirmation.

Understanding Wyoming's Anniversary Due Date

Unlike most states with a fixed calendar deadline (e.g., Delaware's June 1st), Wyoming uses an anniversary-based due date. Your annual report is due on the first day of the month your LLC was formed.

Examples

  • Formed January 15 → Annual report due January 1 each year
  • Formed July 3 → Annual report due July 1 each year
  • Formed December 28 → Annual report due December 1 each year

Wyoming sends email reminders to the contact on file at 60, 30, and 10 days before the due date. However, you shouldn't rely solely on these reminders — always maintain your own calendar reminder as a backup.

Critical Warning: If you miss Wyoming's annual report deadline, your LLC becomes delinquent the very next day. If you don't file within 60 days, your LLC is automatically administratively dissolved — no warning, no grace period extensions. Learn more in our Wyoming LLC Late Filing Penalties guide.

No State Income Tax in Wyoming

Wyoming is one of only nine U.S. states with no state income tax. This applies to both personal income tax AND corporate income tax. For Wyoming LLC members, this is a significant financial advantage.

What "No Income Tax" Means for Your LLC

  • Pass-through taxation: LLC income flows to members, who pay taxes in their state of residence
  • No Wyoming personal income tax: Wyoming residents don't pay state tax on LLC income
  • No Wyoming corporate income tax: Even LLCs taxed as corporations pay no Wyoming income tax
  • Federal taxes still apply: All LLC income is subject to federal income and self-employment taxes

For Wyoming residents who own Wyoming LLCs, the combined tax savings compared to high-tax states like California (13.3% income tax) can be substantial. This is one of the primary reasons Wyoming attracts entrepreneurs and asset protection planners.

No Franchise Tax Either

Wyoming also has no franchise tax. Many states charge a separate franchise tax for the right to do business — Delaware charges $300/year, California charges $800/year minimum. Wyoming simply charges the annual license tax of $60 minimum. That's the entire state tax burden for most Wyoming LLCs.

Formation Costs

Forming a Wyoming LLC requires filing Articles of Organization with the Wyoming Secretary of State. The filing fee is $100.

Filing Options

  • Online (wyobiz.wyo.gov): Immediate processing — LLC is formed instantly upon approval
  • By mail: Up to 15 business days; no expedited option available for mail filings

Wyoming does not offer expedited processing. If you need your LLC formed quickly, file online — it's immediate.

Wyoming vs. Delaware Cost Comparison

Both Wyoming and Delaware are popular states for LLC formation. Here's how the annual costs compare:

Annual Ongoing Costs (Small LLC)

  • Wyoming: $60 (annual license tax) + $50–$200 (professional RA) = $110–$260/year
  • Delaware: $300 (franchise tax) + $50–$300 (professional RA) = $350–$600/year

Wyoming is clearly the more affordable option for ongoing maintenance. However, Delaware offers advantages for investor-backed businesses due to its Court of Chancery and legal precedent. For small businesses, solopreneurs, and asset protection structures, Wyoming's lower costs and strong privacy protections often make it the better choice.

Wyoming's Advantages: No income tax, no franchise tax, strong charging order protection, anonymous LLC option, and one of the lowest annual costs in the country. Wyoming invented the LLC structure in 1977 and has the most LLC-friendly statutes.

Total Annual Cost Breakdown

First Year

  • Articles of Organization: $100
  • Annual license tax (if due in Year 1): $60
  • Professional registered agent: $50–$200
  • Total: $150–$360

Ongoing Annual Cost

  • Annual license tax: $60
  • Professional registered agent: $50–$200
  • Total: $110–$260/year

This makes Wyoming one of the most cost-effective states for LLC annual maintenance in the country, comparable only to states like New Mexico (which has no annual report at all).

Frequently Asked Questions

How much does Wyoming LLC cost per year?

For most small Wyoming LLCs with $300,000 or less in Wyoming assets, the annual cost is just $60 in license tax. Add a registered agent fee of $50–$200/year if you use a professional service, and total annual maintenance is $110–$260. This makes Wyoming one of the cheapest states in the country for annual LLC maintenance.

When is the Wyoming LLC annual report due?

Wyoming uses an anniversary-based due date, not a fixed calendar date. Your annual report is due on the first day of the month in which your LLC was originally formed. For example, if you formed your LLC on March 15, your annual report is due every year on March 1. Wyoming sends courtesy email reminders 60, 30, and 10 days before the due date.

Does Wyoming have state income tax?

No. Wyoming is one of only a handful of states with no state income tax — neither personal income tax nor corporate income tax. For LLC members, this means Wyoming income is not taxed at the state level. You'll still pay federal taxes, and if you live in a state with income tax, you'll pay your home state's tax on your share of LLC income.

Does Wyoming have a franchise tax?

No. Wyoming does not have a franchise tax. Many states charge a franchise tax for the 'privilege' of operating a business there — Delaware charges LLCs $300/year. Wyoming instead charges a 'license tax' as part of the annual report, which is $60 minimum for small businesses.

How is Wyoming's LLC annual license tax calculated?

The license tax is $60 or two-tenths of one mill ($.0002) on the dollar of assets located and employed in Wyoming, whichever is greater. For most small businesses with less than $300,000 in Wyoming-based assets, the minimum $60 applies. Only Wyoming assets count — not total global assets.

What is the total first-year cost of a Wyoming LLC?

The minimum first-year cost is $100 (Articles of Organization filing fee). If your first annual report is due in the first year, add $60. If you hire a professional registered agent, add $50–$200. Total first-year cost: approximately $150–$360.

Official Source

For the most up-to-date information, always verify requirements with the official Wyoming Secretary of State website:

https://sos.wyo.gov

Important Disclaimer

This article is for informational purposes only and does not constitute legal advice. LLC requirements, fees, and deadlines change frequently. Always verify current requirements with your state's Secretary of State office before making business decisions.

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