Wyoming LLC Annual Fee Explained

The Wyoming LLC annual fee is $60 or two-tenths of one mill on the dollar ($0.0002), whichever is greater, based on the company’s assets located and employed in Wyoming. This fee is paid annually to the Wyoming Secretary of State to maintain the LLC’s good standing. There is also a small convenience fee from $2.75 for online payments. 

A registered agent service is another annual fee that most business owners will need to pay. Our Wyoming Registered Agent Service is managed by an attorney and protects your information from public records. 

Start in Wyoming’s Wyoming LLC Formation service includes a registered agent service, BOI filing, and done-for-you annual reports, ensuring your LLC remains in good standing with the state.

Our Comprehensive LLC Package includes attorney-client privilege, EIN filing, and a dedicated Wyoming business address with a utility bill for banking purposes. 

How to Calculate Your Annual Report Fee

Most LLCs in Wyoming will pay a flat fee of $60. The $0.0002 calculation only applies to LLCs with over $300,000 in assets located and employed in the state of Wyoming.

Examples:

Example 1: An Online Business with a Wyoming LLC

• Assets located in Wyoming: none
• Since the business has no assets in Wyoming, a $60 annual fee

Example 2: Small Business with Low Assets

• Assets located in Wyoming: $100,000
• Tax Calculation: $100,000 × $0.0002 = $20
• Since $20 is less than $60, the company pays the minimum filing fee of $60.

Example 3: Large Corporation with High Assets

• Assets located in Wyoming: $10,000,000
• Tax Calculation: $10,000,000 × $0.0002 = $2,000
• The company pays $2,000, as it is greater than $60.

Understanding these filing fees is important for any business entity operating in the state.

What is the Annual Fee For?

Wyoming requires LLCs to pay an annual license fee to maintain good standing with the Secretary of State. You’ll need to submit this payment along with your annual report documents. 

The annual report includes information about your business such as business name, principal address, and registered agent. This information is available in public records so you’ll need to use a registered agent or formation service that allows you to use their information instead. 

This is one of the 4 main Wyoming LLC requirements for owning an LLC. The others are needed to form, while the report is post-formation.

We offer a registered agent service with a local Wyoming address that can be used for your LLC.

Our Wyoming LLC Formation service includes our registered agent service as well as filling your annual report and BOI on your behalf. When you form your business with us, we ensure all registration requirements are met.

When is the Annual Fee Due for a Wyoming LLC?

The annual fee for a Wyoming annual report is due each year by the first day of your LLC’s anniversary month. For example, if your LLC was formed on June 15th then the annual fee is due to the Secretary of State by June 1st every year. 

Payment is accepted online or by mail. We recommend paying online due to the ease of payment. 

You must file your annual report even if your business hasn’t conducted any activities during the year. The Secretary of State will send a reminder notice, but it’s your responsibility to guarantee timely payment. The Wyoming LLC fees are then payable online or by mail. 

What Happens if I Miss My Annual Report Due Date?

Missing the deadline for your annual report can result in:

• Loss of Good Standing status
• Potential administrative dissolution

File your annual report as soon as possible. To avoid penalties, set up a calendar reminder for your filing month. Keep confirmation receipts of your payments for your business records.

Wyoming Registered Agent Annual Cost

A registered agent is required to be available at a Wyoming address during business hours. Seeing as most business owners won’t be able to do this, a registered agent service in Wyoming is needed. 

Our Wyoming Registered Service costs $125 a year and ensures legal compliance and accurate annual reports. A Wyoming attorney manages it so you receive a local expert as a registered agent. 

Requirements for Wyoming Registered Agents:

• Must have a physical street address in Wyoming
• Must be available during regular business hours
• Cannot use a P.O. box as the registered address
• Must be 18 years or older

Is there a Wyoming LLC Renewal Fee?

There are no Wyoming LLC renewal fees. The only annual fee from the state is the annual report fee shown above. 

Do Wyoming LLCs Need to Pay Franchise Tax?

Unlike many other states, Wyoming doesn’t impose a franchise tax on LLCs. States like Delaware charge LLCs an annual $300 franchise tax just for the privilege of doing business in the state.

This makes Wyoming one of the lowest-cost states for business owners. Plus, there are tax advantages over many other states. 

Key advantages of Wyoming LLCs include:

• No franchise tax requirements
• No personal income tax
• No corporate income tax

Wyoming LLC owners can make considerable savings compared to other states. 

How Do Wyoming’s Annual Fees Compare to Other States?

The annual LLC fees in Wyoming stand out as some of the most competitive in America. At just $60 per year for the annual report filing (for most Wyoming LLCs). 

Wyoming’s fees are markedly lower than many other popular LLC formation states.

Consider these comparative annual costs:

• Delaware: $300 annual franchise tax
• California: $800 minimum franchise tax + LLC fee if your business makes more than $250K a year
• Nevada: $200 state business license + $150 Renewal Fee

You’ll find additional cost advantages in Wyoming:

• No hidden state fees
• Predictable yearly costs
• Simple calculation method

Wyoming’s straightforward $60 annual fee provides savings compared to states with complex fee structures or higher base rates. This is the only on-going Wyoming LLC cost from the Secretary of State. 

Factor in Wyoming’s lack of state income tax and absence of franchise taxes, and you’ll see why many business owners choose Wyoming for their LLC formation. See how to start an LLC in Wyoming with our guide.

Wyoming LLC Services From an Attorney

Starting your Wyoming LLC through an experienced attorney ensures proper formation and ongoing compliance. 

Start in Wyoming’s LLC Formation service includes a registered agent service, BOI filing compliance, and annual report completion. Our attorney-led formation process ensures your LLC meets all Wyoming state requirements while maintaining your privacy. 

The Complete Package is perfect for entrepreneurs conscious about securing and business banking access. It includes attorney-client privilege, 1-hour legal consultation, and a Wyoming physical address with a utility bill for opening a bank account. 

Want to ask us a question? Contact our team today.