Introduction
Wyoming is one of the most business-friendly states due to no corporate income tax, no personal income tax, and strong asset protection laws. However, all LLCs registered in Wyoming must file an annual report to stay in good standing with the state.
Failing to file on time may result in penalties, loss of liability protection, or even administrative dissolution of the LLC.
This guide explains how to file your Wyoming LLC annual report, deadlines, costs, and what happens if you miss the deadline.
What Is the Wyoming LLC Annual Report?
The Wyoming LLC Annual Report is a required filing that:
- Confirms your business is active and operating in Wyoming.
- Reports business assets located in Wyoming.
- Keeps your LLC in good standing with the Wyoming Secretary of State.
Unlike some states that charge high franchise taxes, Wyoming only requires tis low-cost filing.
When Is the Wyoming LLC Annual Report Due?
- The annual report is due on the anniversary date of your LLC formation.
- Example: If your LLC was formed on March 10, 2024, the report is due by March 10, 2025.
- The Secretary of State sends reminder notices 60 days before the due date.
How Much Does the Wyoming LLC Annual Report Cost?
Total Wyoming Business Assets Annual Report Fee
| Less than $300,000 | $60 |
| More than $300,000 | $0.0002 per dollar of assets in Wyoming |
Example of Fee Calculation for Large LLCs
- Wyoming-based business assets = $500,000
- Fee = $500,000 × 0.0002 = $100
Most small businesses only pay $60 per year.
How to File the Wyoming LLC Annual Report Online
Step 1: Access the Wyoming Secretary of State Website
- Visit the Wyoming Secretary of State’s Annual Report Filing Portal.
- Enter your LLC filing ID (found on your formation documents).
Step 2: Review Your Business Information
- Ensure your business name, registered agent, and mailing address are correct.
Step 3: Report Business Assets Located in Wyoming
- Enter the total value of business assets physically located in Wyoming.
- If $300,000 or less, the fee is $60.
Step 4: Pay the Filing Fee
- Payment can be made via credit/debit card or e-check.
Step 5: Submit the Report & Print Confirmation
- Keep a copy of the confirmation email and payment receipt for records.
How to File by Mail
- Download the Wyoming LLC Annual Report form from the Secretary of State’s website.
- Fill out the form with business details and total Wyoming assets.
- Mail the completed form with a check or money order to:
Wyoming Secretary of State
Business Division
122 W 25th St, Suite 100
Cheyenne, WY 82002
What Happens If You Miss the Deadline?
- 30 Days Late: Your LLC remains in “delinquent” status.
- 60 Days Late: You risk losing limited liability protection.
- 90 Days Late: The state may administratively dissolve your LLC.
To reinstate your LLC, you must:
- Pay a $60 reinstatement fee + all past due annual reports.
- File a Reinstatement Application with the Wyoming Secretary of State.
Do Foreign LLCs Need to File an Annual Report?
Yes, LLCs formed outside Wyoming but registered to do business in Wyoming must file an annual report just like local LLCs.
IRS & Tax Compliance for Wyoming LLCs
Even though Wyoming has no state income tax, LLCs must comply with federal tax laws:
- Single-Member LLCs – File Schedule C (Form 1040).
- Multi-Member LLCs – File Form 1065 & K-1s.
- S-Corporations – File Form 1120S & K-1s.
- C-Corporations – File Form 1120.
Conclusion
Filing your Wyoming LLC Annual Report on time ensures your business remains active and in good standing. With a low filing fee and simple process, Wyoming remains one of the best states for LLCs.
For expert business tax and compliance services, schedule a meeting with our CPA Anshul Goyal by clicking at https://calendly.com/anshulcpa/ now.
Frequently Asked Questions (FAQs)
1. When is the Wyoming LLC Annual Report due?
The report is due each year on the anniversary of your LLC’s formation date.
2. How much does it cost to file an annual report in Wyoming?
The minimum fee is $60, but LLCs with over $300,000 in Wyoming assets pay $0.0002 per dollar of assets.
3. Can I file my Wyoming LLC Annual Report online?
Yes, the report can be filed online through the Wyoming Secretary of State’s website.
4. What happens if I don’t file my Wyoming LLC Annual Report?
Your LLC could become delinquent or administratively dissolved, leading to loss of liability protection.
5. Should I hire a CPA to handle my business tax filings?
Yes, a CPA ensures compliance with IRS rules, state regulations, and business tax planning.
About Our CPA
Anshul Goyal, CPA EA FCA is a licensed Certified Public Accountant and an IRS Enrolled Agent (EA). He specializes in Wyoming business tax compliance, LLC formation, and IRS tax planning.
Schedule a consultation today with Anshul Goyal, CPA, for expert tax guidance.