Keep your Wyoming business in good standing and avoid administrative dissolution. Whether you own an LLC, Corporation, or LP, use this calculator to determine exactly what you owe the Wyoming Secretary of State this year.
Why this matters: Wyoming does not have a traditional state income tax. Instead, it charges an “Annual Report License Tax” based on your assets located inside the state. While most small businesses pay the $60 minimum, companies with significant local assets must use a specific formula to avoid underpayment penalties.
Understanding Your Wyoming Annual Report
Every business entity registered in Wyoming must file an Annual Report to maintain its “active” status. This filing updates the state on your address and leadership, but its primary purpose is to collect the License Tax.
1. The Cost: The “License Tax” Calculation
Wyoming uses a two-tiered system based on the value of your corporate assets located inside the state.
- The Minimum Fee ($60): If your total assets located in Wyoming are less than $300,000, you pay a flat fee of $60.
Note: There is a small convenience fee (approx. $2–$5) if you file online using a credit card.
- The Asset-Based Fee (Variable): If your assets in Wyoming exceed $300,000, the tax is calculated as $0.0002 for every dollar of assets.
Formula: Total Wyoming Assets × 0.0002 = Tax Due.
Example: If you own a clear title to a $1,000,000 warehouse in Cheyenne, your fee is $200 ($1M × 0.0002).
2. The Deadline: The “Anniversary Month” Rule
Unlike states with a fixed tax day (like April 15th), Wyoming’s due date is unique to your company. Your Annual Report is due on the first day of your anniversary month.
- Example: If you formed your LLC on November 14th, your report is due every year on November 1st.
- Late Penalties: Wyoming does not charge a cash late fee immediately. However, if you are 60 days late, your company will be Administratively Dissolved (shut down) by the state. Reinstating a dissolved company costs considerably more ($100+ reinstatement fee).
Crucial Definition: What Counts as a “Wyoming Asset”?
This is the most common confusion point for remote entrepreneurs. The tax is based only on assets located and employed IN Wyoming.
- Physical Assets: Real estate, heavy machinery, office equipment, and inventory physically sitting inside Wyoming borders count toward the total.
- Remote Assets: If you live in Florida but have a Wyoming LLC for your online consulting business, your laptop and bank account in Florida generally do not count as Wyoming assets. In this case, you would enter “0″ for assets and pay the $60 minimum.
