Wyoming LLC tax obligations

Key findings (concise summary for US business owners / LLC founders): - State income tax: Wyoming does not impose a personal or corporate state income tax. LLC-level state income tax is not levied in Wyoming; however, federal tax obligations remain (how the LLC is taxed federally depends on election and membership). - Annual report / annual license tax (Wyoming Secretary of State): All domestic and foreign business entities must file an annual report.

The license tax is the greater of $60 or two-tenths of one mill on the dollar ($0.0002) of assets located and employed in Wyoming. The annual report due date is based on the anniversary month of formation (due on the first day of that month); reports can be filed up to 120 days before the due date.

Filing is done with the Wyoming Secretary of State (online filing available). Failure to file can affect good standing. - Sales and use tax: Wyoming has a 4% state sales tax; counties and municipalities add local taxes so combined rates commonly range higher (varies by location).

Businesses selling taxable goods/services must register for sales tax collection with the Wyoming Department of Revenue, collect appropriate state+local tax, remit returns on the required frequency, and comply with nexus/remote seller and marketplace facilitator rules. - Employer/payroll taxes: Wyoming employers must withhold and remit required federal payroll taxes (federal income tax withholding, Social Security, Medicare, FUTA).

Wyoming does not require state income tax withholding. Employers must register for Wyoming unemployment insurance (SUTA) and comply with workers’ compensation requirements and state employment rules. - Property tax and business personal property: Business personal property and real property used by a business can be subject to county-level property taxes; rules and assessments are handled at the county level. - Federal taxation of LLCs: By default, a single-member LLC is a disregarded entity (report income on owner’s Form 1040 Schedule C) and a multi-member LLC is treated as a partnership (Form 1065 with Schedule K-1s).

An LLC may elect corporate treatment (Form 8832 for C-corp; Form 2553 for S-corp where eligible). Self-employment tax applies to active members unless S-election and reasonable salary allocation changes exposures. - Other considerations: There is no franchise tax or state corporate income tax in Wyoming (Wyoming is commonly chosen for tax-friendliness), but industry-specific excise or local business license requirements can apply.

Companies should also consider federal reporting obligations (e.g., information returns, Forms 1099/1099-K, and newer beneficial ownership/BOI reporting rules — confirm applicability). Penalties and interest can apply for late or missing filings at both the state and federal levels.

Practical compliance checklist (actionable steps for a Wyoming LLC founder): 1) Form & annual report: File Articles of Organization and then file the Wyoming Annual Report each year (first day of anniversary month).

Pay the greater of $60 or $0.0002 × assets in Wyoming. File online via Wyoming SOS. 2) Federal tax setup: Obtain an EIN (if hiring or required), determine federal tax classification (default vs. elect S/C corp), and set up bookkeeping so member income and distributions are tracked for federal filings (Schedule C, Form 1065, or Form 1120/1120S as elected).

Key findings (concise summary for US business owners / LLC founders):

- Annual report / annual license tax (Wyoming Secretary of State): All domestic and foreign business entities must file an annual report. The license tax is the greater of $60 or two-tenths of one mill on the dollar ($0.0002) of assets located and employed in Wyoming.

The annual report due date is based on the anniversary month of formation (due on the first day of that month); reports can be filed up to 120 days before the due date. Filing is done with the Wyoming Secretary of State (online filing available).

Failure to file can affect good standing. - Sales and use tax: Wyoming has a 4% state sales tax; counties and municipalities add local taxes so combined rates commonly range higher (varies by location).

Businesses selling taxable goods/services must register for sales tax collection with the Wyoming Department of Revenue, collect appropriate state+local tax, remit returns on the required frequency, and comply with nexus/remote seller and marketplace facilitator rules.

- Federal taxation of LLCs: By default, a single-member LLC is a disregarded entity (report income on owner’s Form 1040 Schedule C) and a multi-member LLC is treated as a partnership (Form 1065 with Schedule K-1s).

An LLC may elect corporate treatment (Form 8832 for C-corp; Form 2553 for S-corp where eligible). Self-employment tax applies to active members unless S-election and reasonable salary allocation changes exposures. - Other considerations: There is no franchise tax or state corporate income tax in Wyoming (Wyoming is commonly chosen for tax-friendliness), but industry-specific excise or local business license requirements can apply.

Companies should also consider federal reporting obligations (e.g., information returns, Forms 1099/1099-K, and newer beneficial ownership/BOI reporting rules — confirm applicability). Penalties and interest can apply for late or missing filings at both the state and federal levels.

Practical compliance checklist (actionable steps for a Wyoming LLC founder): 1) Form & annual report: File Articles of Organization and then file the Wyoming Annual Report each year (first day of anniversary month).

Pay the greater of $60 or $0.0002 × assets in Wyoming. File online via Wyoming SOS. 2) Federal tax setup: Obtain an EIN (if hiring or required), determine federal tax classification (default vs. elect S/C corp), and set up bookkeeping so member income and distributions are tracked for federal filings (Schedule C, Form 1065, or Form 1120/1120S as elected).

• State income tax: Wyoming does not impose a personal or corporate state income tax. LLC-level state income tax is not levied in Wyoming; however, federal tax obligations remain (how the LLC is taxed federally depends on election and membership).
• Employer/payroll taxes: Wyoming employers must withhold and remit required federal payroll taxes (federal income tax withholding, Social Security, Medicare, FUTA). Wyoming does not require state income tax withholding. Employers must register for Wyoming unemployment insurance (SUTA) and comply with workers’ compensation requirements and state employment rules.
• Property tax and business personal property: Business personal property and real property used by a business can be subject to county-level property taxes; rules and assessments are handled at the county level.

Sales tax

If selling taxable goods/services in Wyoming or having nexus, register with Wyoming Department of Revenue, collect state+local sales tax, and remit on schedule. Confirm marketplace facilitator rules for online platforms.

Payroll & employment

Register for Wyoming unemployment insurance, obtain accounts for federal withholding and FUTA, set up payroll withholding for federal taxes only (no Wyoming state withholding), and maintain worker’s comp coverage as required.

Property tax & local licenses

Check county assessor rules for business personal property and any municipal business licenses.

Ongoing filings & returns

Timely file federal returns (1040/1065/1120/1120S), issue Forms W-2/1099 on time, and monitor state annual report deadline. Keep records, and consider a registered agent and CPA.

Penalties & good standing

Avoid late annual report/fee and sales/payroll noncompliance to prevent penalties and loss of good standing.