Introduction
Wyoming offers one of the most business-friendly environments in the U.S., with no state income tax, no corporate tax, and strong privacy protections. However, all LLCs and corporations must file an Annual Report to remain in good standing.
This guide explains how to file a Wyoming Annual Report, deadlines, fees, and what happens if you fail to file.
What Is a Wyoming Annual Report?
The Wyoming Annual Report is a required filing that updates the state on a business’s status and ensures that the company remains active and compliant.
Who Needs to File?
- LLCs (Limited Liability Companies)
- Corporations (C-Corps & S-Corps)
- Limited Partnerships (LPs & LLPs)
What Information Is Required?
- Business name and mailing address
- Registered agent information
- Total business assets located in Wyoming
- Annual Report filing fee
Wyoming Annual Report Deadlines
- Due Date: First day of the business’s anniversary month
- Late Filing Penalty: $0, but failure to file may lead to dissolution after 60 days
Example Deadline
If you formed an LLC on March 15, 2024, your first Annual Report is due March 1, 2025.
How Much Does It Cost to File a Wyoming Annual Report?
- LLCs & Corporations: Minimum $60
- Businesses with over $300,000 in Wyoming assets: 0.0002 × total Wyoming assets
Fee Calculation Example
- Wyoming-based assets: $500,000
- Annual Report fee: $500,000 × 0.0002 = $100
How to File a Wyoming Annual Report
Option 1: File Online
- Visit the Wyoming Secretary of State website.
- Enter your business details and registered agent information.
- Report total assets located in Wyoming.
- Pay the filing fee online.
- Receive an immediate confirmation.
Option 2: File by Mail
- Download the Annual Report Form from the Wyoming Secretary of State’s website.
- Fill out the required business information.
- Include a check or money order for the filing fee.
- Mail to the Wyoming Secretary of State’s Office.
What Happens If You Don’t File?
- 60-Day Grace Period: If not filed within 60 days, the business may be administratively dissolved.
- Reinstatement Fee: $60 + missing Annual Report filings.
- Loss of Limited Liability Protection: If the LLC is dissolved, owners may become personally liable for business debts.
Benefits of Filing on Time
- Keeps your business legally compliant.
- Maintains privacy and asset protection for anonymous LLCs.
- Avoids reinstatement fees and potential business dissolution.
Should You Work with a CPA for Annual Report Filing?
A CPA can help:
- Ensure timely filing to keep your business active.
- Calculate the correct asset-based fee.
- Handle multiple LLC filings for business owners with multiple Wyoming entities.
Conclusion
Filing a Wyoming Annual Report is a simple but essential step in maintaining LLC or corporate compliance. Business owners must file on time, pay the required fees, and keep their registered agent information updated to avoid dissolution.
For expert assistance with business filings, schedule a meeting with our CPA Anshul Goyal by clicking at https://calendly.com/anshulcpa/ now.