Wyoming has no state personal income tax, and LLCs owe Annual Report License Tax. A Wyoming holding company does not erase Wyoming's own entity-level obligations on a Wyoming subsidiary, but it can still add liability separation and keep the parent's ownership off Wyoming's public LLC filings.
Every Wyoming LLC owes the Annual Report License Tax, calculated as the greater of a $60 minimum or 0.02% of the value of assets located and employed in Wyoming. This inverts the usual state-tax calculus: a high-revenue but asset-light LLC (consulting, e-commerce, most service businesses) pays just the $60 minimum, while an asset-heavy LLC — one holding significant Wyoming real estate, equipment, or inventory — can owe meaningfully more, even at zero revenue.
The general federal tax treatment of holding companies (consolidated filings, dividends-received deductions, and the like) is set at the federal level and does not change state to state — what changes is the entity-level tax Wyoming itself charges an LLC or corporation formed or registered there.
Wyoming imposes no state income tax at any level — not on individuals, not on LLCs, and not on corporations. Income flowing from operating subsidiaries through the holding company to members is subject only to federal taxation. There is no Wyoming entity-level income tax on LLC distributions and no Wyoming personal income tax on members receiving those distributions. The only mandatory Wyoming annual cost per entity is the annual license tax, with a $60 minimum.
Wyoming imposes no corporate income tax, no franchise tax, and no gross receipts tax on corporations. The only recurring state-level corporate obligation is the Annual Report license tax, which is the greater of $60 or $0.0002 per dollar of assets located and employed in Wyoming. Most corporations, including those used as holding companies, pay the $60 minimum. At the federal level, a C-Corp still pays the 21% federal corporate income tax.
Wyoming LLCs must file Annual Report with Wyoming Secretary of State, due First day of the LLC's anniversary month, with a fee of License Tax as described above (minimum $60).
Wyoming has historically been lenient on late fees, but prolonged non-filing will still result in administrative dissolution by the Secretary of State.
Wyoming isn't a state you pair with a Wyoming parent — it's the state most owners use as the parent layer itself. A Wyoming holding LLC sitting above subsidiaries formed in higher-tax states carries only the $60 minimum annual license tax (or more only if it holds significant Wyoming-located assets) and no state income tax of any kind, which is why it's the default choice for the parent entity on nearly every other state's page in this series.
For more on the general structure, see the Wyoming holding company guide and how to set one up.
Tax agency reference: Wyoming Department of Revenue (revenue.wyo.gov).
Note: Tax rates, fees, and thresholds shown here reflect state tax research last verified July 2026; reconfirm current figures directly at revenue.wyo.gov before relying on them for a specific filing.
Wyoming's tax treatment of a holding structure comes down to its lack of a state personal income tax and its low, flat Annual Report license tax — the combination that makes it the default parent-entity jurisdiction for the rest of this series. If you have questions about setting up a Wyoming holding company, reach out through our contact form.
If you have questions about setting up a Wyoming holding company, reach out through our contact form or call +1 (307) 683-0983 to speak with one of our experienced Business Success Advisors. Visit our homepage and blog for more.