In Wyoming, you have three main options for incorporating your business:
- Using a professional incorporation service, like Active Filings
- Hiring a lawyer
- Walking into the Secretary of State office to do it yourself
We are knowledgeable about the incorporation process in Wyoming and can guide you through each step.
The basic costs of setting up your LLC or corporation in Wyoming are:
- Wyoming State fees: $100
- Service fee: $89
- Online filing additional fee: $2
Therefore, the total cost of setting up your company in Wyoming is approximately $338.
Additional costs may include:
- Annual report filing fee: $60
- Sales tax license registration fee: $60
Your overall incorporation cost will vary depending on whether you choose to use a registered agent service and opt for expedited filing. It’s also important to note that companies are taxed differently; LLCs are treated as pass-through entities, while corporations pay corporation tax and shareholders pay income tax on dividends.
To set up a Wyoming LLC, the processing time is about 10-15 days. All LLCs formed outside of Wyoming must register with the Secretary of State if they wish to do business in the state.
Wyoming boasts benefits such as no state corporate or income taxes, low business costs, a skilled workforce, and a high standard of living. The state also provides personal asset protection laws to secure the assets of business owners and officers.
For choosing a company name, the name must end with "Corp.", "Inc.", "Ltd.", or a similar abbreviation. After naming, file the Articles of Incorporation or Organization along with the necessary fees.
To find out who owns an LLC or get more information about businesses, one can search through the Secretary of State’s online portal, which includes details on company names, filings, and corporate history.
Remember, all LLCs and corporations must file an annual report in Wyoming, with fees based on assets located within the state. If you’re moving an existing corporation to Wyoming, we can process the paperwork while preserving your original incorporation date.