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Starting a Business in Wyoming: LLC vs Corporation – Your Complete Guide

By Frank Tumminello | August 12, 2025

Wyoming pioneered the LLC structure in 1977 and remains one of the most business-friendly states in America. The Equality State offers no state income tax, minimal filing requirements, and strong privacy protections that attract businesses nationwide.

At FileForms, we simplify business formation and ongoing compliance with automated filing services and expert guidance. Below, we’ll break down everything you need to know to make the right choice for your Wyoming business.

Why Wyoming for Your Business?

Wyoming offers exceptional business advantages: no state income tax, no franchise tax, low filing fees, and strong asset protection laws. The state’s business-friendly legislature continuously updates laws to maintain competitive advantages for entrepreneurs.

LLC Formation in Wyoming

Key Requirements:

  • Articles of Organization filed with Wyoming Secretary of State
  • Filing Fee: $100
  • Registered Agent: Required with Wyoming physical address
  • Annual Report: Due by first day of anniversary month
  • No Publication Requirement: Wyoming doesn’t require newspaper publication

Benefits of Wyoming LLC:

  • No state income tax
  • No franchise tax
  • Strong privacy protections
  • Minimal reporting requirements
  • Excellent asset protection laws

Ongoing Compliance:

  • Annual Report: Due first day of anniversary month with $60 fee
  • Maintain registered agent service
  • Keep operating agreement current

Corporation Formation in Wyoming

Key Requirements:

  • Articles of Incorporation filed with Wyoming Secretary of State
  • Filing Fee: $100
  • Registered Agent: Required with Wyoming physical address
  • Annual Report: Due by first day of anniversary month
  • Corporate Bylaws: Must be adopted

Benefits of Wyoming Corporation:

  • No state corporate income tax
  • No franchise tax
  • Low annual report fees
  • Flexible corporate structure
  • Strong director protections

Ongoing Compliance:

  • Annual Report: Due first day of anniversary month with $60 fee
  • Maintain corporate records
  • Hold required board meetings

Cost Comparison: LLC vs Corporation in Wyoming

Requirement LLC Corporation
State Filing Fee $100 $100
Registered Agent (Annual) $100-$300 $100-$300
Annual Report Fee $60 $60
State Income Tax None None

How FileForms Streamlines Wyoming Business Formation

FileForms makes Wyoming business formation seamless with:

  • Automated Filing: Complete all Wyoming Secretary of State requirements
  • Registered Agent Services: Professional Wyoming address across all counties
  • Anniversary Date Tracking: Automated reminders for unique Wyoming anniversary-based deadlines
  • Privacy Protection: Maintain Wyoming’s strong confidentiality advantages
  • Asset Protection Setup: Leverage Wyoming’s superior asset protection laws

Making Your Decision

Choose an LLC if you want:

  • Maximum privacy protection
  • Minimal ongoing compliance
  • No state tax obligations
  • Strong asset protection benefits

Choose a Corporation if you plan to:

  • Raise investment capital
  • Access Wyoming’s flexible corporate structure
  • Benefit from strong director protections
  • Build long-term enterprise value

Take Action Today

Ready to start your Wyoming business? Don’t navigate the Equality State’s requirements alone.

✅ Create a FileForms account today

✅ Get expert guidance on LLC vs Corporation choice

✅ Handle all filing requirements seamlessly

👉 Book a demo today to see how FileForms makes Wyoming business formation fast, easy, and compliant from day one.

 

Frank Tumminello

CEO, Fileforms