v256.2 · business formation · US · verified 2026-04
Wyoming company formation
Entity types, formation timeline, costs, ongoing compliance, banking realities, and 2024-26 regime changes for incorporating in Wyoming.
Corporate tax
21% federal; ZERO Wyoming state income tax; zero state corporate income tax
Formation time
1-2 business days online; same-day expedited available
Min capital
No minimum
Director residency
No US residency required
Available entity types
LLC (most popular) C-Corporation S-Corporation LP Series LLC Statutory Trust
Formation costs & timeline
Cost range: USD 100 state filing fee + $50-200 registered agent + optional $300-800 attorney
Timeline: 1-2 business days online; same-day expedited available
Common setup paths: Online via Wyoming Secretary of State. Service providers: Northwest Registered Agent (Wyoming-based, $125/year), Firstbase, Cloud Peak Law Group ($199 incl agent 1 yr).
Rate landscape & compliance
| Corporate tax | 21% federal; ZERO Wyoming state income tax; zero state corporate income tax |
| Franchise tax | Annual report fee $60 (or 0.0002% of assets located in Wyoming, whichever greater) |
| VAT / GST | No federal VAT; Wyoming state sales tax 4% (varies by county) |
| Treaty network | US has 60+ income tax treaties |
| Shareholder residency | No US residency required |
| Public register | Members/managers not publicly listed; registered agent only. CTA BOI reporting applied (paused for domestic since March 2025). |
| Annual filings | Annual report due first day of anniversary month. No state income tax filing required for non-WY-operations. |
| Substance requirements | Pure paper-residence acceptable for non-WY operations |
Recent regime changes (2024-2026)
CTA BOI reporting since Jan 2024, paused March 2025 ruling. Wyoming DAO LLC framework (Wyoming Decentralized Unincorporated Nonprofit Association Act + DAO LLC Act) continues evolving — 2024 amendments clarified member-vs-token-holder governance.
Strengths
- Strongest LLC charging-order protection in the US (no foreclosure remedy for creditors of single-member LLCs)
- Zero state income tax — only federal applies
- Anonymous LLC: members/managers not on public record
- Series LLC available for asset-segregation
- DAO LLC structure (pioneered 2021) for decentralized organizations
- Lower formation + maintenance costs than Delaware
Drawbacks
- Less prestigious for VC-backed startups (Delaware preferred)
- Smaller corporate-law precedent base than Delaware
- CTA BOI reporting same as Delaware (paused for domestic since March 2025)
- For non-US owners, ITIN + EIN + tax-treaty navigation required
- No Court of Chancery equivalent — disputes go through general courts
Typical uses & top industries
Typical uses:
Asset-protection LLC Holding companies Real estate investment LLCs Single-member LLCs for non-US founders
Top industries:
Real estate holding Asset protection Cryptocurrency entities (DAO LLC since 2021) Family offices
Source: official Wyoming registry/authority · Last verified 2026-04
See also: full business-formation directory