Wyoming asks one thing of an LLC each year: a short report and a $60 payment, with nothing about who owns the company. That's why a Wyoming company can sit quietly for a year and stay in good standing. It's also the one filing that, if you miss it, can end the company. Here's all of it.
When it's due
On the first day of the month the company was formed in, every year, starting the year after formation. A company formed on 20 March files by 1 March in each following year.
What it costs
The annual report licence tax is $60, or $0.0002 for every dollar of the company's assets located and used in Wyoming, whichever is more. A company with no assets in Wyoming, which covers almost every company run from abroad, pays $60. A company with $1 million of property in Wyoming would pay $200.
What it asks
- The company's principal office address, which can be abroad.
- A mailing address.
- The value of the company's assets in Wyoming, for the tax: zero, for most.
- The name of the person filing.
It doesn't ask for members, managers or owners, and Wyoming's public record doesn't show them.
How it's filed
Online, on the Secretary of State's website, with the company's filing number, in a few minutes. On Starter and Standard, the date goes on your calendar with a reminder a month ahead. You can file it yourself, or add annual state compliance for $199 a year and we'll file it and pass the state's fee on at cost. Premium includes the filing and pays the fee for you.
If it's late
If the tax still isn't paid 60 days after the due date, Wyoming can start dissolving the company and sends a notice. If nothing is put right within 60 days of that notice, the state dissolves the company. A dissolved company can be reinstated within two years by filing the missed reports and paying the missed tax plus a $100 reinstatement fee. After that, a new company has to be formed. Reinstatement costs more than the report and takes time, which is the best argument for keeping the date on a calendar.
Changing what the report shows
The annual report updates the principal office and mailing addresses. Changing the registered agent, the company's name or anything in the articles is a separate filing with its own fee, covered in amending your articles.