How Much Does a Wyoming LLC Cost For a Non-Resident?

Non-residents forming a Wyoming LLC pay the same $100 state filing fees as residents. Additional costs include a $3.75 convenience fee when forming online. Non-residents will also need a registered agent as Wyoming requires an in-state registered agent for all business entities. Annual reports cost at least $60, depending on business assets.

A breakdown of Wyoming LLC cost for non-residents:

$100 state filing fee
$3.75 online payment fee
$125 Wyoming Registered Agent

$228.75 Total formation cost.

To have your Wyoming LLC formed and maintained by an attorney, check out our Wyoming Wyoming LLC for Non-Residents.

Get peace of mind knowing your Wyoming LLC is created correctly and quickly. We can even file your EIN, BOI, and annual report for you. Everything a non-resident needs to Start in Wyoming the right way.

Non-Resident Wyoming LLC Costs Explained

Wyoming is a low-cost LLC to form and maintain when compared with several other states. To understand what you need to pay we’ll break down the costs.

Wyoming Secretary of State Formation Fee = $100

When forming a Wyoming LLC as a non-resident, you’ll need to pay a $100 filing fee to the Wyoming Secretary of State. This one-time fee covers the cost of processing your Articles of Organization, which is the document that officially creates your LLC through incorporation.

As a non-resident, you won’t face any additional fees when filing your Articles of Organization. The $100 fee applies equally to both resident and non-resident LLC formations.

We recommend that non-residents file online because the LLC is created instantly. To do this there is an additional $3.75 online payment fee.

To better understand the formation process, learn how to form a Wyoming LLC for non-residents.

Wyoming Registered Agent Service = $125

Agent services are needed for non-resident Wyoming LLCs. Our Registered Agent Service costs $125 per year. This service is important for your business entity as it receives important information and documents on your behalf including lawsuits.

As a non-resident, you’re required to appoint a registered agent with a physical business address in Wyoming. When choosing a registered agent, consider factors such as reliability, customer service, and additional features offered.

Remember that while cost is important, you also want a skilled person available by phone to troubleshoot any business document questions.

On-Going Costs

You’ll need to budget for ongoing costs to maintain your Wyoming LLC as a non-resident. Remember to do these on time to avoid any additional fees. Thankfully it’s inexpensive to operate and is one of the many benefits of a Wyoming LLC for non-residents.

Annual Report = $60 Minimum

Wyoming businesses have to file an annual report with the Secretary of State. This annual report is due every year on the first day of your company’s anniversary month. For example, if your ‘initial filing’ date is May 15, your Annual Report is due May 1 of each year.

The Annual Report License tax is $60 or two-tenths of one mill on the dollar ($.0002) whichever is greater based on the company’s assets located and employed in the state of Wyoming. An asset is any tangible asset such as a factory.

Seeing as you’re a non-resident, it’s unlikely this will apply to you. Even then it will only be greater than $60 a year if you have more than $300K of assets located in Wyoming. Understanding Wyoming state filing fees and compliance with the law is important. 

Failing to file your annual report on time can result in late fees or even the dissolution of your Wyoming LLC. To avoid these consequences, set reminders and a budget for this yearly expense. The process of filing annual reports is straightforward, but many non-residents choose to have a professional handle this to ensure accuracy.

Taxes and Accountant

Tax obligations and accounting costs are ongoing considerations for non-resident Wyoming LLC owners. While Wyoming doesn’t impose state income tax, you’ll still need to consider federal tax requirements for your LLC.

It’s recommended that you hire a qualified accountant experienced in international taxation to guarantee compliance and accurate reporting.

Your accountant will help determine your tax obligations and assist with filing necessary forms, such as Form 1040-NR and Form 1120. Keep in mind that additional tax forms and reports may be required. 

Potential Additional Costs

A DBA or business license isn’t needed for most non-residents. While an operating agreement can be done for free, more complex business structures such as multi-member LLCs might want to use an attorney.

Read the Wyoming LLC requirements for non-residents to understand what you need to form a Wyoming LLC. This saves you from getting stuck in the weeds wasting time and potentially money.

DBA ($100)

Business owners may choose to operate their Wyoming LLC under a different name by filing a DBA (Doing Business As) registration. This option allows you to conduct business using a name different from your official business name.

In Wyoming, filing a DBA costs $100. A DBA isn’t necessary to create a limited liability company but is a useful option if you want to trade under a different name.

Business License

Most non-residents will not need business licenses to operate their business. If your business is online or remote, it’s highly unlikely that you’ll need one.

A business license is typically required for local businesses in regulated industries such as food production or real estate. This is one of the benefits of forming in Wyoming. 

Foreign Corporation Registration

If you have a Wyoming LLC and you want to have significant operations in another US State, you may register your Wyoming LLC as a foreign LLC with the other US State. 

One of the key advantages of this structure is maintaining your Wyoming protection while operating in multiple states. For example, if your Wyoming LLC had employees, assets and real property in California, then you may want to register as a foreign LLC in California.

Operating Agreement

An operating agreement isn’t legally required for a Wyoming LLC. However, it’s a good business practice to outline your company’s ownership structure and management responsibilities. 

Entrepreneurs have several options for drafting an operating agreement. Free templates are available online, which can be a cost-effective solution for simple LLCs. However, if your business has a complex structure or multiple members, you might want to weigh the pros and cons of professional assistance.

We provide an operating agreement drafted by an attorney when you form a Wyoming LLC with Start in Wyoming.

How Much Does an EIN and BOI Cost?

Obtaining an EIN (Employer Identification Number) and filing a BOI report for your Wyoming LLC as a non-resident costs nothing. It’s free to file for both.

Many people outsource these tasks due to their confusing and time-consuming nature. We do both of these things for our clients who choose to file a Wyoming LLC with us.

Make LLC Formation For Non-Residents Easy

LLC formation is the foundation of your business. It pays to get it right. At Start in Wyoming, we provide non-residents with everything they need to create a Wyoming LLC from anywhere in the world.

Check out our Wyoming LLC for Non-Residents to have a local attorney form and maintain your business. We can take care of LLC formation, registered agent, EIN and BOI filing, and more. Get started today.

Still have questions? Get in touch with our team.