Wyoming wrote the first LLC statute in the United States in 1977, and the state has kept refining it ever since. For founders, consultants and holding companies, Wyoming offers a combination of cost, privacy and liability protection that few states match — which is exactly why B N Corporate Services is based here.
No state income tax
Wyoming levies no corporate income tax and no personal income tax. A Wyoming LLC taxed as a pass-through entity means profits are reported once, on the members' federal returns — no state-level layer on top.
Low formation and maintenance costs
The filing fee to form a Wyoming LLC is $100 (a corporation is $100 as well, plus fees for authorized shares above a threshold). Ongoing, the annual report license tax starts at just $60 or 0.02% of assets located in Wyoming, whichever is greater — one of the lowest ongoing compliance costs in the country.
Privacy and asset protection
Wyoming does not require members or managers of an LLC to be listed on the public record, and it offers charging-order protection as the exclusive remedy for creditors of a member — protection that extends even to single-member LLCs.
What you'll need
We handle formation filings end to end — name checks, drafting, filing, registered agent service and EIN assistance — so your entity is formed correctly the first time.
- —A unique business name that meets state naming rules
- —A registered agent with a physical Wyoming address
- —Articles of Organization (LLC) or Articles of Incorporation (corporation)
- —An EIN from the IRS for banking and tax purposes