- Need Professional CPA?
Tag: IRS filing
Series LLCs in Wyoming: One Filing, Multiple Assets, Single Tax Bill?
The Series LLC structure is gaining traction in 2025, especially among founders managing multiple assets, product lines, or ventures under one umbrella. Wyoming’s version offers unique advantages—one legal entity, optional series, and no need to file each series with the state. But what about taxes? Let’s explore how this structure works and what it really […]
Wyoming Close LLC Statute: Cheapest Exit Strategy
Exiting a startup can be expensive—unless you planned your entity right from the start. Wyoming’s Close LLC statute provides founders with a simplified structure for managing, operating, and even dissolving their business—without court intervention or complex member voting. In 2025, it remains one of the cheapest and cleanest exit strategies available in the U.S. Here’s […]
Wyoming Single-Member LLC vs. C-Corp: Year-One Tax Costs
Choosing between a Single-Member LLC and a C Corporation in Wyoming can dramatically impact how much you pay in taxes during your first year. Both entity types offer liability protection, but they differ widely in how profits are taxed, how losses are treated, and how compliance plays out at the federal and state level. In […]
Missed the Wyoming Annual Report? Reinstatement Fees & Steps
If you’ve missed the June 30, 2025 deadline to file your Wyoming Annual Report and pay the License Tax, you’re not alone. Many founders assume that silence means compliance—but in Wyoming, failure to file leads to administrative dissolution and the potential loss of your company’s legal standing. Let’s walk through what this means, what it […]
Are Wyoming Residents Required to File a State Tax Return?
Introduction Wyoming is one of the few states that does not have a state income tax, meaning residents do not need to file a state tax return. However, Wyoming residents must still file a federal tax return and may have other tax obligations, such as property taxes, sales taxes (for business owners), and federal self-employment […]