Does Wyoming Have a Franchise Tax for LLCs?

No. Wyoming does not impose a franchise tax on LLCs. Instead, Wyoming LLCs pay an annual license tax of $60 or 0.0002% of Wyoming assets, whichever is greater. Wyoming has no state income tax, no franchise tax, and no gross receipts tax, making it one of the most tax-friendly states for business formation.

Annual License Tax Requirements

Under Wyo. Stat. §§ 17-29-209 and 17-29-210, every LLC must file an annual report and pay a license tax by the first day of the anniversary month of formation. The license tax is the greater of:

$60 (flat fee), or
0.0002% of capital, property, and assets located and employed in Wyoming

For most small to mid-sized LLCs, the $60 flat fee applies. You report your Wyoming assets on the annual report filed with the Secretary of State under penalty of perjury.

No State Income Tax

Wyoming imposes no state income tax on individuals or businesses. Your LLC's profits are not subject to Wyoming taxation, regardless of member residency. This applies whether your LLC is taxed as a disregarded entity, partnership, S-corporation, or C-corporation for federal purposes. Federal self-employment tax still applies based on your federal classification.

Sales Tax Applies

Wyoming's only business tax is a mandatory 4% statewide sales tax, with local option taxes bringing combined rates to 4–8% depending on location. Register with the Wyoming Department of Revenue if your LLC sells taxable goods or services.

Consequences of Non-Payment

If your annual report and license tax remain unpaid 60 days after the due date, your LLC faces administrative dissolution under Wyo. Stat. § 17-29-210. Reinstatement requires filing each delinquent report, paying each delinquent tax, and submitting a $100 reinstatement fee within two years.

Next Steps

File your annual report online through WyoBiz before the anniversary of your formation month. Contact the Wyoming Department of Revenue at https://revenue.wyo.gov/ with questions about license tax or sales tax obligations.

This is general information, not legal advice.