Wyoming Incorporation Services
To start a corporation in Wyoming, you must file Articles of Incorporation with the Wyoming Secretary of State. You can file the document online or by mail. The Articles of Incorporation cost $100 to file. Once filed with the state, this document formally creates your Wyoming corporation. However, to actually ready the corporation to do business, you must complete several additional steps.
Starting a Wyoming Corporation Guide:
Wyoming Corporation Filing Options
Do It Yourself
Sign up for a free account and use our online tools to start your Wyoming corporation today. Includes Wyoming incorporation and maintenance walkthrough and company document creation. All for free—just pay state fees.
Skip the state fees! Get a Wyoming corporation and the best of our services today. Includes EIN, hassle-free maintenance, business address & mail forwarding, Privacy by Default®, local Corporate Guide® service, and everything you need to operate at full capacity.
Pay in Full
Includes Wyoming corporation, business address & free mail forwarding, Privacy by Default®, lifetime support from local Corporate Guides® and a year of registered agent service.
Wyoming Articles of Incorporation Requirements
To form a Wyoming corporation, you must complete and file the Articles of Incorporation with the Wyoming Secretary of State. See the document below and click on any number to see what information is required in the corresponding section.
Your name can’t be the same or deceptively similar to any other businesses operating in Wyoming. Your name also can’t suggest that your business has a different purpose than it actually does. (While calling your fitness gym a “repair shop” is pretty clever, this won’t fly in Wyoming). Tip: While it’s not specifically required in state statutes, most businesses also include a corporate designation, such as “Corp” or “Inc.”
If you’re forming a close corporation, you can tick the box in this section. Close corporations are small corporations subject to Title 17, Chapter 17 of the Wyoming Statutes. Note that regulations for these corporations are a bit different than for regular corporations (for instance, there are different restrictions for transferring shares). Tip: Most corporations are not close corporations.
List either an individual Wyoming resident (like yourself) or an entity authorized to do business in Wyoming (like Northwest). You’ll also need to list the Wyoming street address where the agent will accept legal notifications. Your agent will have to complete the “Consent to Appointment” and submit it along with your Articles.
Where would you like your mail to go? (Other than legal notifications—these go to your registered agent). A PO Box is sufficient.
This is the main business office of your Wyoming corporation and must be a street address. Tip: Hire us as your registered agent and you can use our Wyoming address as your principal address.
For each class of shares, list the number of shares you wish to create. You must authorize at least one share.
Your incorporator signs your Articles of Incorporation. You must have at least one incorporator, and incorporators must include their names and addresses. Your incorporator can be a director, officer, or another person you authorize to submit your Articles. Tip: We’ll be your incorporator when you hire Northwest to form your Wyoming corporation.
If you list your personal phone number and email here, they will become part of the permanent public record of your corporation—meaning you’ll end up on the lists of telemarketers and spammers. We allow our clients to put our phone number and email here to better maintain their privacy.
How much does it cost to start a Wyoming corporation?
$100. This is the state filing fee to submit Articles of Incorporation.
Hire Northwest to form your Wyoming corporation, and your total out-the-door cost is $325. This includes state fees, a full year of registered agent service, and loads of forms and tools to help you launch and maintain your new business.
How long does it take to start a Wyoming corporation?
Filing online is the fastest method—filings are typically processed within a day. File by mail and processing averages 3-5 days. There aren’t any expediting options; it’s first-come, first-served.
If you hire Northwest to start your corporation, we file online and typically have your Wyoming corporation formed within 24 hours.
Does a Wyoming corporation need a registered agent?
Yes, you must appoint and maintain a Wyoming registered agent. Your agent can be an authorized business or an individual Wyoming resident, such as yourself or a director or officer in your corporation. However, it’s not a job people will likely be vying for—agents have to list their names and the address where they’ll be available in their public formation documents. No one particularly likes posting their personal info online for all the world to see. Agents also need to be regularly available at the address they list. Again, no one typically wants to be tied to a desk.
A better alternative? Hire a commercial registered agent service like Northwest. When you hire Northwest, our registered office address is listed in your Articles, and we’re there to scan and send you any legal notifications the same day. You can stay on top of your business wherever you are—even if that’s skiing Jackson Hole or fishing Cook Lake.
Create Bylaws for Your Wyoming Corporation
Do I need bylaws?
Yes, you’ll need bylaws to help organize your Wyoming corporation. Bylaws are the internal policies and procedures of your business.
Why are corporate bylaws important?
Your bylaws explain the powers of each person in your corporation. For instance, how many board members are needed to vote on a resolution? How long do board members serve, and how are they replaced? How about officers? Can any director or officer sign a contract? Who has the authority to open a corporate bank account? The answers to these types of questions will have a huge impact on your business—making your bylaws the single most important internal document of your Wyoming corporation.
How do I begin writing bylaws?
Starting your corporation off on the right foot is critical—but it’s not easy. That’s why we give you free corporate bylaws when you hire Northwest to form your Wyoming corporation. We also give you other free business forms and templates for everything from resolutions to meeting minutes. We’ve spent years refining and improving our docs to ensure our clients have exactly what they need. Check out the free corporate forms we provide to help corporations form and maintain their businesses.
Get an EIN for Your Wyoming Corporation
Do I have to get a tax ID number (EIN)?
Yes, you must obtain an EIN. You’ll use this tax ID number for your federal tax filings. You will probably need your EIN for other business paperwork as well, from opening a corporate bank account to applying for licenses or permits.
So how do you get an EIN? You can apply online via the IRS website for no fee. Or, skip the extra application and hire us to get your EIN for you when you sign up for our formation service.
Open a Bank Account for Your Wyoming Corporation
To open a corporate bank account, you will need to bring the following to the bank:
- A copy of the Wyoming corporation’s Articles of Incorporation
- The Wyoming corporation’s bylaws
- The Wyoming corporation’s EIN
If your bylaws don’t specifically assign the power to open a bank account, you may also want to bring a corporate resolution to open a bank account that states that the person going to the bank is authorized by the business to open the account in the name of the corporation.
We recommend calling your bank ahead of time before going in and asking what their requirements are. Most banks don’t open corporate accounts nearly as frequently as personal accounts, so some bankers may be unfamiliar with their own bank’s requirements. As frustrating as that may be for you, calling ahead will help save you from being super annoyed when you walk into the bank.
Obtain a Business License
Does a Wyoming corporation need a business license?
While the state itself doesn’t require a general business license, local areas often have their own licensing requirements. For instance, if you do business in the Town of Jackson, you must obtain a Jackson business license.
File Wyoming Corporation Reports
What is a Wyoming Annual Report and License Tax?
Your Wyoming Annual Report and License Tax is a form you file each year to update the state on your Wyoming corporation’s contact and ownership information. The filing fee is actually the license tax and is based on your Wyoming assets. Corporations with less than $250K in Wyoming assets pay the minimum fee of $50 ($52 online).
Your report is due on the first day of your anniversary month each year. If you miss a filing, the state will send you a delinquency notice and give you 60 days before dissolving your corporation. At Northwest, we’ll help you stay in compliance with report reminders. For $100 plus state fees, we’ll even prepare and file your Annual Report on behalf of your Wyoming corporation.
How much does a corporation in Wyoming cost each year?
A minimum of $50 for the mandatory Annual Report filing.
Pay Corporate Taxes
What are the taxes for a Wyoming corporation?
If you’re starting a business in Wyoming, you’re probably aware that one of the state’s selling points is taxes. There’s no corporate net income tax. No personal net income tax. No state gross receipts tax. Except for the annual license tax (which is rolled into the Annual Report and described in the previous section), there aren’t many state-level taxes to worry about.
The state does have a sales tax although it’s a relatively low 4%. Counties can add up to 2% in local sales taxes as well, so the total sales tax rate can hit as high as 6%. Most major cities and towns have a total sales tax rate of either 5% (like in Casper or Gillette) or 6% (like in Cheyenne or Sheridan).