If you are considering opening a corporation in Wyoming, or registering your out-of-state corporation in Wyoming, this site will help you understand the ins and outs of starting, registering and conducting business in the Buffalo state.
Why Incorporate in Wyoming?
Many people ask: why incorporate in Wyoming? What makes Wyoming special?
The are numerous reasons to incorporate in Wyoming. First and foremost, a Wyoming corporation will face far less of a tax burden than a corporation in another state. Why?
In Wyoming, there are no:
- Corporate taxes
- Personal income taxes
- Business franchise taxes
- State business licensing fees
- Share certificates required
In Wyoming, most businesses pay only a $50 fee each year when filing an annual report. Businesses with in-state assets above $250,000 will pay a little more, based upon the value of those assets.
Why incorporate in Wyoming? How about a government strongly committed the success of Wyoming corporations.
- The Tax Foundation ranked Wyoming the Most Business Friendly Climate in the nation in both 2014 and 2015.
- The Tax Foundation also ranked Wyoming as the Lowest State/Local Tax Burden in the Country in 2014.
- In 2014, the American Legislative Exchange Council ranked Wyoming the 3rd Best Economic Performance of any state in America.
Again and again, Wyoming has been ranked in the top three in the nation for economic growth, GDP growth, per capita income growth, business climate, even in rankings for retirement, education and air quality.
Why incorporate in Wyoming? A better question is: why not?
Form a Wyoming Corporation
Our informational pages cover all the aspects of forming a Wyoming corporation.
To form a Wyoming corporation, you must:
- Select a name for your corporation
- File Articles of Incorporation with the Secretary of State
- Appoint a Wyoming registered agent
The ownership and operational structure of a Wyoming corporation is outlined and detailed in the company’s corporate bylaws, which are written by the initial owners, who are known as shareholders.
Once you form a Wyoming corporation, there are additional tasks:
- Apply for an Employment Identification Number from the IRS
- Open a business bank account
- Hold an initial shareholders meeting
- Issue stock to shareholders
Wyoming Corporate Filings
After you form a Wyoming corporation, there are additional filings that may be necessary depending on the nature of your business, whether or not you have assets within the state, whether or not you are selling a product or service in Wyoming, and whether you have employees or not.
Our information guides will help you with the following Wyoming corporate filings:
- Wyoming business licenses and permits
- Register for Unemployment Insurance and Workers’ Compensation Insurance
- Filing for a trade name or Doing Business As name (DBA)
- Registering a Wyoming trademark
Most Wyoming corporations are privately held companies, but some businesses have registered with the Securities and Exchange Commission and are traded on a public stock exchange. If you are considering taking your Wyoming corporation public, our info page will help you weigh the pros and cons of going public.
Wyoming Corporation Annual Maintenance
After you form a Wyoming corporation, each year you will have to file an annual report with the Secretary of State’s office.
Should your principal office or mailing address change, you will need to file an address update form with the Secretary of State.
Any changes to your articles of incorporation will require that you file an amendment to your articles.
Wyoming Corporation Fees
| Articles of Incorporation | $100 |
| Name Reservation | $50 (not required) |
| Annual Report | $50 (for most businesses) |
| Corporate Tax | None |
| Change Registered Agent Fee | None |
| All Other Corporate Filings | $50 |
| State Sales Tax | 4% |
sources:
wyoming secretary of state
Wyoming Business Center
Best Wyoming Registered Agent
Wyoming Corporation Advantages
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