I
United States

United States

Company Formation in Wyoming

State of Wyoming — Secretary of State

Formation Time
1–2 business days
Min. Capital
No minimum
Corporate Tax
0% state; 21% federal (C-Corp only)
Foreign Ownership
100%

Overview

Wyoming is the premier privacy and asset protection jurisdiction in the United States. Having invented the LLC in 1977, Wyoming has spent decades perfecting the most cost-effective and protective business legislation in North America. Wyoming levies 0% state corporate income tax, 0% personal income tax, 0% gross receipts tax, and 0% franchise tax. Its annual report fee is just $60 per year for entities with under $300,000 in Wyoming assets. Wyoming also protects business owners with the nation's strongest LLC charging order protection statutes, which apply equally to single-member and multi-member LLCs, preventing creditors from forcing liquidation of company assets. In 2021, Wyoming enacted the world's first DAO LLC law (SF0038), legally recognizing Decentralized Autonomous Organizations as limited liability companies. Wyoming does not record member or manager names in public state registries, offering robust commercial privacy for foreign entrepreneurs, e-commerce stores, digital nomads, and family offices.

$60 annual fee
Top asset protection
DAO LLC legislation
Zero state tax
Owner privacy

Why Choose Wyoming

1

0% state corporate income tax, 0% personal income tax, and 0% gross receipts tax

2

Lowest annual state renewal fee in the United States ($60 per year)

3

Charging order protection extends by statute to single-member LLCs

4

Pioneer of legal DAO LLC status for blockchain and web3 protocols

5

Total owner privacy — member and manager identities are not filed on public records

6

Series LLC and Close LLC statutes offering asset segmentation and minimal corporate formalities

7

0% US federal tax for foreign owners without US ETBUS income

8

Quick same-day electronic filing with the Wyoming Secretary of State

Business Entity Types

EntityOwnershipDirectorsCapitalTaxBest For
LLC100%N/A (member or manager managed)NonePass-through taxation; 0% US tax for foreign non-resident owners without US incomeE-commerce, digital creators, remote consulting, privacy-focused asset protection
DAO LLC100%N/A (algorithmically or member managed)NonePass-through taxationWeb3 protocols, DeFi governance, token treasuries, decentralized software
Close LLC100%N/ANonePass-throughFamily wealth management, small private holding structures
Series LLC100%N/ANonePass-through per seriesReal estate investment, equipment holding, multi-client service firms

Step-by-Step Formation Process

1

Name Availability Verification

1 day

Search the Wyoming Secretary of State corporate registry for name uniqueness.

2

Articles of Organization Filing

1 day

Submit Articles of Organization and obtain certified state charter.

3

EIN Acquisition

3–10 business days

Secure Federal Employer Identification Number from the IRS for banking and tax compliance.

4

FinCEN BOI Filing & Operating Agreement

1–2 days

Submit federal beneficial ownership report and adopt Wyoming Operating Agreement.

5

Corporate Bank Account Setup

3–5 days

Open remote US business account with ACH, debit cards, and multi-currency support.

Costs & Fees

Government / License FeeUSD 100+
Our Service FeeUSD 800 – 2,000
Annual RenewalUSD 60+

Fees are indicative and may vary based on business activity, entity type, and additional approvals required. Contact us for a precise custom quote.

Get Custom Quote

Banking

Wyoming LLCs are widely supported across US digital banking networks (Mercury, Relay, Wise Business) as well as traditional commercial banks.

Account Opening Time
2–5 business days
Multi-Currency
Yes — multiple currencies supported

Recommended Banks

MercuryRelayWise BusinessChaseFirst Interstate Bank

Tax Overview

Corporate Tax
0% state corporate tax; 21% federal (only if corporate election made)
Personal Income Tax
0% state personal income tax
VAT / Sales Tax
4% state sales tax
Capital Gains Tax
0% state capital gains tax
Withholding Tax
30% federal statutory (reduced by tax treaties)
Double Tax Treaties
68 countries

Wyoming has zero state franchise tax. Annual report fee is $60 ($2 for every $100,000 of Wyoming assets over $300,000). Foreign owners with no US ETBUS file IRS Form 5472/1120 annually.

Frequently Asked Questions

Why is Wyoming considered better than Delaware for small businesses and LLCs?
Wyoming offers three key advantages over Delaware for small businesses: lower annual costs ($60 in Wyoming vs $300 in Delaware), complete ownership privacy (officer and member names are not published on the Secretary of State's database), and statutory single-member charging order protection preventing creditor foreclosure.
What is charging order protection and why does Wyoming excel at it?
A charging order is an order where a creditor can only receive distributions that would normally be paid to a member, rather than seizing company assets or forcing dissolution. Wyoming's LLC Act explicitly states that a charging order is the exclusive remedy for judgment creditors, even for single-member LLCs.
How does the Wyoming DAO LLC work?
Under Wyoming Statute 17-31, a Decentralized Autonomous Organization (DAO) can be established as a recognized legal entity. Governance can be member-managed or algorithmically managed through smart contracts, giving protocol contributors limited liability protection while maintaining blockchain-native decentralization.
Do I have to live in or visit Wyoming to maintain the company?
No. You never need to visit or reside in Wyoming. Incorp International provides the required Wyoming registered agent and office address, receives legal notices, and manages all state filings on your behalf.
Are member and manager names public in Wyoming?
No. The Wyoming Secretary of State does not require member or manager names to be listed on the Articles of Organization or the annual report. Only the registered agent's name and address appear on the public register.
What are the ongoing yearly maintenance fees for a Wyoming LLC?
The state of Wyoming charges an annual report fee of $60 (or $0.0002 per dollar of assets located inside Wyoming if over $300,000). Combined with registered agent renewal, annual maintenance is among the most affordable in the world.