connectingmatrix

State guide

Fees, taxes, privacy, timelines, and banking for forming an LLC in Wyoming — with pros, cons, and a side-by-side comparison so you can decide with confidence.

Why form an LLC in Wyoming?

Wyoming is the default recommendation for most non-US founders who don't have a physical US operation: no state income tax, strong owner privacy, and a low, predictable annual cost. Pick it as your home base unless you actually operate on the ground in another state.

A quick reminder from us: forming in a state where you do not actually operate usually means you still have to register (foreign-qualify) in your home state, often with little or no tax benefit. If you are unsure, tell us how you plan to operate and we will recommend the right fit — free.

Costs and fees

The Wyoming Secretary of State charges roughly $100 to file Articles of Organization, with an ongoing state cost of about $60/yr min (license tax). No state income or franchise tax; annual license tax is $60 minimum ($0.0002 per dollar of Wyoming assets); ~4% state sales/use tax applies to in-state sales. State fees are paid directly to the state and are separate from our service fee.

  • Filing fee: $100 (approximate)
  • Ongoing state cost: $60/yr min (license tax)
  • Typical processing time: Same day–2 days online

Taxes and privacy

Personal state income tax in Wyoming: None. Owner privacy on the public record is generally rated highest.

Your federal tax obligations (and your EIN) are the same regardless of the state you choose — a single-member LLC is taxed as a pass-through by default, and we can obtain your EIN even if you do not have an SSN.

Pros of forming in Wyoming

  • No state personal or corporate income tax, and no franchise tax on the entity itself
  • Highest owner privacy of the three: member/manager names never appear on the Articles of Organization, the annual report, or the public database
  • Low, flat $60 minimum annual license tax for most small LLCs (only rises above $60 if you hold more than ~$250k of assets inside Wyoming)
  • Fast, fully online formation and a business-friendly, well-tested LLC statute widely used by international founders
  • No US residency, SSN, or in-state address required beyond a Wyoming registered agent

Things to weigh

  • Privacy is not absolute: federal beneficial-ownership (CTA/FinCEN) rules and bank KYC still capture the real owners; anonymity is only from the public record
  • If you actually do business in another state (employees, office, storefront), you'll likely have to foreign-qualify there and pay that state's fees too — negating the savings
  • Wyoming does levy a ~4% state sales/use tax, so it is not a zero-tax state for goods sold into Wyoming
  • The $60 license tax scales with Wyoming-situated assets, so asset-heavy in-state operations can owe more

Banking for your Wyoming LLC

A US business bank account is not tied to your formation state, so a Wyoming LLC can bank anywhere. Founder-friendly fintechs (e.g. Mercury, Relay, Wise) commonly onboard Wyoming LLCs, including non-resident owners. Wyoming's privacy does not exempt you from KYC: banks still collect beneficial-owner identity at account opening.

Whichever state you choose, we prepare the documents banks ask for and can obtain your EIN even without an SSN. Bank and provider approval is always their decision — we are not affiliated with any bank.

Is Wyoming right for you?

Best for: Non-US founders, privacy, holding companies. If you operate physically in Wyoming, forming here keeps things simple. If you are a remote or non-US founder without a specific reason to choose Wyoming, a low-cost, privacy-friendly state like Wyoming or New Mexico is often the better default.

Not sure? Start your application and we will confirm the best state for your situation before anything is filed.

Wyoming vs the most popular states

How Wyoming compares with the states most non-US founders actually choose. Use it to sanity-check whether a low-cost, privacy-friendly default beats forming here.

WyomingDelawareNew MexicoFlorida
Filing fee$100$110$50$125
Ongoing state fee$60/yr$300 franchiseNone$138.75/yr
State income taxNoneYes (no sales tax)YesNone
Owner privacyHighestHighHighestLow
Typical speedSame day–2 days online~1–2 wks standard; expedited (24hr/same-day) available for a fee1–3 days online~2–5 business days online
Best forNon-US founders, privacy, holding companiesVC-track startups planning to raiseNon-US founders wanting cheap, private, low-maintenanceFounders operating in or relocating to Florida

Figures are approximate and change frequently — we confirm the current amounts with the state before filing. General information, not legal or tax advice.

FAQ

Common questions

The state filing fee is approximately $100, plus an ongoing state cost of about $60/yr min (license tax). These are paid to the state and are separate from our service. We confirm the current amount before filing.
Yes. You do not need to be a US citizen or resident, and you do not need an SSN. We can also obtain your EIN and help you open a US business bank account.
Yes — every Wyoming LLC must continuously maintain a registered agent with a physical street address in the state to receive legal and government mail. Non-residents use a commercial registered agent, which we include.
Yes. Your formation state does not limit where you can bank. A US business bank account is not tied to your formation state, so a Wyoming LLC can bank anywhere. Founder-friendly fintechs (e.g. Mercury, Relay, Wise) commonly onboard Wyoming LLCs, including non-resident owners. Wyoming's privacy does not exempt you from KYC: banks still collect beneficial-owner identity at account opening.
Usually you should form where you operate, or use a low-cost privacy state (like Wyoming or New Mexico) if you are fully remote. Forming in a state where you do not operate often triggers foreign-qualification with no tax benefit. We will advise you for free.

Search & file in Wyoming

Official Wyoming government tools — check a company name before you file, look up an existing company's status by name or filing number, and go straight to the right filing portal. Links change; we confirm the current details before filing. General information, not legal or tax advice.

Keep exploring

Ready to start your US company?

Form a US LLC, get your EIN, and set up a registered agent — the simplest, most affordable way to go legal.