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Business registration in Wyoming

Open LLC for up to 3-4 weeks

Benefits of doing business in Wyoming with Finevolution

Help you register your LLC within agreed timelines
Support you in choosing a payment solution
Provide ongoing post-registration maintenance
Offer accounting and legal support

Wyoming is one of the most attractive states for starting companies due to its flexible conditions and entrepreneur-friendly environment. Here are key advantages that make it a favorable choice for setup:

The state offers strong corporate protection if you operate legally—avoiding fraud, ensuring formal shareholder meetings, and maintaining transparent financing. The state shares information with the IRS, but only for companies with tangible assets within Wyoming. If your venture has no property in the state, you’re protected.

The registration process can be completed online without requiring personal presence. You can start with just $1 in your account, and there’s flexibility in issuing an unlimited number of shares, which helps manage ownership. Fees for setup and annual reports are among the lowest nationwide. Entrepreneurs can also access support programs or development grants.

Choosing the right business structure in Wyoming

We recommend considering several options for setting up in Wyoming and choosing the one that best fits your structure. Don’t select a structure without prior consultation:

  • LLC: The most popular USA format due to its easy setup, low costs, flexible structure, and asset protection for owners. An LLC functions as a separate legal entity, safeguarding the personal assets of its members.
  • Corporation (C-Corp or S-Corp): Operates as an independent entity with limited liability for owners. However, corporations face stricter management requirements, such as mandatory annual shareholder meetings. The State allows C-Corp & S-Corp registration, though S-Corp is suitable only for U.S. residents.
  • General Partnership: Involves two or more partners with unlimited liability for obligations. All partners can make management decisions. Partnerships are easy to set up but have minimal requirements for founders.
  • Limited Partnership: Includes general partners with unlimited liability and limited partners who invest without managing operations. Liability for limited partners is restricted to their investment.

Why start an LLC in Wyoming?

  • Unlike partnerships, LLC company members are not responsible for debts beyond their investment.
  • LLC companies can be structured as traditional businesses or Series LLCs, where each series holds separate assets and objectives.
  • LLCs do not require regular meetings or detailed record-keeping, reducing administrative burden.

These features, combined with a favorable tax environment, make LLCs ideal for entrepreneurs.

Steps for starting business in Wyoming

Initial consultation with Finevolution specialists to determine the structure
Open a bank account or set up a payment institution account
Approve business name and provide documents of the founders
Arrange for legal address for one year
Prepare documents (Articles of Organization, Operating Agreement, Minutes of the organizational meeting) and proceed with setting up the business
Get an Individual Taxpayer Identification Number (ITIN) if needed
Obtain an Employer Identification Number (EIN)
Initial consultation with Finevolution specialists to determine the structure
Approve business name and provide documents of the founders
Prepare documents (Articles of Organization, Operating Agreement, Minutes of the organizational meeting) and proceed with setting up the business
Obtain an Employer Identification Number (EIN)
Open a bank account or set up a payment institution account
Arrange for legal address for one year
Get an Individual Taxpayer Identification Number (ITIN) if needed

How long does it take to start a company in Wyoming?

On average, starting in Wyoming takes 3-4 weeks, plus another month to obtain an EIN. ITIN processing — 6-8 weeks.

Bank account or payment system for Wyoming companies

Payoneer is an alternative for entrepreneurs not based in the USA. If you are abroad and plan to start a business in Wyoming, consider using a payment system account. Payoneer supports USD, EUR, GBP, JPY, CAD, AUD, and MXN, and account holders receive a physical debit card. Account registration typically takes 2-4 weeks.

Important: Experience with Mercury Bank shows that it’s always necessary to have alternative options.

Taxes and Fees for Wyoming companies

Below are basic rates for businesses in Wyoming. This includes key types of taxes but isn’t limited to them, as taxation depends on your operations and other specifics of doing business in Wyoming.

Basic:
  • Income Tax — 0%
  • Corporate Profit Tax — 0%
  • Sales Tax — 5.42%. More details on Sales tax
  • Annual state tax ranges from $50 to $200
Unified Rates:
  • Individual Income tax ranges from 0% to 37%,
  • Corporate — 21%

Federal individual income tax for 2024

  • 11% — up to $11,600
  • 12% — $11,601 to $47,150
  • 22% — $47,151 to $100,525
  • 24% — $100,526 to $191,950
  • 32% — $191,951 to $243,725
  • 35% — $243,726 to $609,350
  • 37% — over $609,350

Reports and tax returns for Wyoming companies

All American LLCs & C/S Corps must file tax returns or zero returns (Income Tax Returns) to both state authorities and the IRS, regardless of business activity. Additionally, every five years (next in 2028), companies must submit a BE-12 report. Since 2024, U.S. companies will also need to file a BOI report. 

If you plan to set up LLC company, carefully weigh all the pros & cons, as the U.S. has strict legal frameworks within which you must operate.


Our team is ready to provide consultation, prepare necessary documents, set up your company in the USA. Contact our specialists for a consultation, and we’ll promptly begin the company registration process. Business Hours: Monday to Friday, 9:00 AM — 7:00 PM. Contact us via WhatsApp, Telegram, or Viber, or submit an inquiry through our online form.


A quick chat

If you have any questions, feel free to chat with our experts!

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