Wyoming

  
        Tax Type
        LLC (not taxed as corp)
            S Corporation
            C Corporation
        
        Filing Fee
        $102
         $102
         $102
      
        Franchise Tax
        0.02% of assets in Wyoming (min $60)
         0.02% of assets in Wyoming (min $60)
         0.02% of assets in Wyoming (min $60)
        
        Annual Report
        Combined with franchise tax. Due the 1st day of formation anniversary month
         Combined with franchise tax. Due the 1st day of formation anniversary month
         Combined with franchise tax. Due the 1st day of formation anniversary month
        
        State Income Tax
        None
         None
         None
        
        Revenue Tax
        None
         None
         None
        
        Tax Return Due Date
        None
         None
         None

Tax Type	LLC (not taxed as corp)	S Corporation	C Corporation
Filing Fee	$102	$102	$102
Franchise Tax	0.02% of assets in Wyoming (min $60)	0.02% of assets in Wyoming (min $60)	0.02% of assets in Wyoming (min $60)
Annual Report	Combined with franchise tax. Due the 1st day of formation anniversary month	Combined with franchise tax. Due the 1st day of formation anniversary month	Combined with franchise tax. Due the 1st day of formation anniversary month
State Income Tax	None	None	None
Revenue Tax	None	None	None
Tax Return Due Date	None	None	None

In 1977, Wyoming, a state with roughly 500,000 people, revolutionized the business by becoming the first state to allow limited liability companies. Nowadays Wyoming is proudly considered the most business-friendly state in the union. To register an entity in Wyoming, file company articles with the secretary of the state: https://wyobiz.wyo.gov/Business/RegistrationInstr.aspx . There is no processing time, and the registration is effective immediately after filing. Wyoming has no income or revenue tax. The annual report can be filed using the same link. The annual report is due on the 1st day of the formation anniversary month. For example, if the company for incorporated on July 17 2023, the annual report will be due by July 1st 2024. The franchise tax is calculated based on annual report and is equal to 0.02% of the assets in Wyoming. The minimum tax is $60.