One of the most common questions client have after forming their LLC is where to get their business license. Fortunately, there is no general "Wyoming Business License" per se. This also means there are no extra fees to pay or forms to file.
This should come as a pleasant surprise to clients used to doing business in other states. Other states, such as Nevada, charge exorbitant sums for a business license after the company has been created. Most of the time other state's required business licenses are just an excuse to collect a fee from you. For reference, Nevada's Business License is not disclosed at the time of filing and costs several hundred dollars per year.
For most companies, simply filing Articles of Organization with the Wyoming Secretary of State is sufficient to begin doing business. To be certain, there are some protected industries (covered below) which do require licensing.
Below are the most common industries requiring a license:
General Contractor: All contractors, with the exception of electrical, are handled by the local jurisdiction. Wyoming's state government does not involve itself in the process.
Food Products: If you sell or manufacture food, then you need to contact the Department of Agriculture in Wyoming.
Transportation: The Department of Transportation's regulations on commercial vehicles may be found here.
Sales Tax: Sales tax is generally only owed on sales made in Wyoming. However, you should contact the Department of Revenue to determine your exact sales tax obligations.
Trust Company: Public and private trust companies must register with the Wyoming Banking Division.
Unemployment Insurance: This is a required fund for Wyoming employees which pays out to eligible workers for job loss. Requirements can be found here.
Protected Terms: Particular words require approval to be used in a company's name. E.g., education, academy, college, institute, bank and trust.
For a complete list, please visit the Wyoming Economic Development Agency.
How do I register a Wyoming LLC or Corporation?: Companies are registered by filing their Articles with the Secretary. You may either do this yourself or hire a professional formation service such as ours. In either case, you must maintain a registered agent.
Are there any required federal filings?: You should obtain an EIN and file your taxes. Certain industries, such as gambling and alcohol, will require additional permissions as well.
Do Sole-Proprietorships need to register?: No, sole-proprietorships are not required to register with the state. A tradename (DBA) may be filed if you want to avoid doing business in your name. However, we strong advise creating a company to limit your personal liability.
What are the Wyoming LLC fees?: The cost is $102 to file your articles online and $52 to file the annual report online each subsequent year.
Where can I perform a business search?: View our article on searching Wyoming businesses here.
Wyoming works hard to keep Wyoming LLCs and Corporations highly competitive. One of the ways they do this is by not imposing onerous burdens on our companies, such as needless business licenses. Most companies will only ever need to file their articles and their annual report. Doing business in Wyoming really is that easy.