Business

Forming an LLC in Wyoming — guide for Hispanic entrepreneurs

Forming an LLC in Wyoming: a $100 formation fee, a $60 minimum annual report, registered-agent requirements, and the filing process step by step for immigrants.

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Forming an LLC in Wyoming

An LLC (Limited Liability Company) is the most common business structure for immigrant entrepreneurs in the US. Personal asset protection, tax flexibility, and low administrative cost.

Why Wyoming

Cheapest among popular states — $100 formation + $60/year minimum Privacy state — no member disclosure in public registry Series LLC available (one parent entity with separate subsidiaries) No state income tax Popular for asset protection and privacy among international entrepreneurs

Key facts about Wyoming

Item	Information
Formation fee (initial)	$100
Annual fee	$60 minimum annual report license tax — or $.0002 (two-tenths of one mill) on Wyoming assets, whichever is greater
Annual report deadline	Annual Report due on first day of anniversary month ($60 minimum)
Accepts foreign owners	✅ Yes (includes ITIN holders)
Requires Registered Agent	✅ Yes (must have physical address in Wyoming)
Operating Agreement required	⚠️ Not by law but highly recommended
Approval time	1-3 weeks (online faster)

Steps to form an LLC in Wyoming

1. Choose a name

Must end in “LLC”, “L.L.C.”, or “Limited Liability Company”
Unique in Wyoming
Cannot include restricted words (Bank, Insurance, Attorney, etc.) without authorization

2. Designate a Registered Agent

Resident individual in Wyoming or authorized service with physical address in Wyoming
If you don’t have an address in Wyoming, hire a commercial registered-agent service (yearly fee set by the provider)

3. File Articles of Organization

Formation document registering the LLC with the state
Fee: $100
Filing: online (fastest), by mail, or in person
Official platform: Wyoming Secretary of State

4. Create Operating Agreement

INTERNAL document (not filed with state)
Defines how the LLC operates: members, profit distribution, decision-making, exits

5. Get EIN (Employer Identification Number)

LLC’s federal tax identification number
FREE at irs.gov
With SSN: instant online
With ITIN: by mail (4-6 weeks) or fax (4 days)
No SSN/ITIN: fax or mail (Form SS-4)

6. Open bank account

Need: EIN, Operating Agreement, Articles of Organization, personal ID
Foreign-owner friendly: Bluevine, Mercury, Relay, Wise Business, Capital One Spark

State comparison

State	Formation Fee	Annual Fee	Privacy	Best for
California	$70	$800+	Low	Consumer market
Texas	$300	$0 (depends)	Medium	No income tax + market
Florida	$125	$138.75	Low	Latin market + no tax
Delaware	$110	$400	High	Large corporations
Wyoming	$100	$60+	High	Cost + privacy
Nevada	$425	$350	High	Asset protection

Last verified: 2026-09-02. General information — always verify with Wyoming Secretary of State before filing.

State services and resources in Wyoming

Where to register your LLC in Wyoming

The Wyoming Secretary of State, Business Division handles LLC registrations. Generally accepts filings:

Online (fastest)
By mail
In person, where the office offers it

The steps that are the same in every state — EIN, business bank account, annual report, estimated taxes, ITIN ownership and the common errors — are maintained once, on the LLC formation hub.

Wyoming-specific resources

Wyoming Secretary of State, Business Division — LLC filings and business search
Wyoming Department of Revenue — state business taxes
SCORE (Service Corps of Retired Executives) — free small business mentoring
SBA (Small Business Administration) — free counseling via SCORE and SBDC, open to everyone. ⚠️ SBA loans (7(a), 504, microloans) are closed to non-citizen owners since March/April 2026 — including green-card holders. See who can still use each SBA program and the CDFI lenders that do accept an ITIN.

Last verified: 2026-09-02.

General procedural information for educational purposes. Not legal, tax, or immigration advice. Laws and fees change — verify with the issuing agency before taking action. For case-specific guidance, consult a licensed immigration attorney or other appropriate professional.

ITIN — file business taxes without SSN — ITIN holders can form and operate LLCs
ITIN-friendly business banking — checking accounts that open without an SSN
USCIS forms — H-1B, L-1, E-2 investor visas — when LLC ownership supports a visa case
State income tax obligations — business taxes vary by state
Find an immigration attorney — for complex investor or work-visa cases tied to your LLC

Frequently asked questions

Do I need SSN to form an LLC in Wyoming?

NO. You can form an LLC in Wyoming using ITIN or just passport number. After, to open a bank account for the LLC, you’ll need EIN (free Federal Tax ID from IRS, NO SSN required) and possibly the holder’s ITIN.

How much does it cost to form an LLC in Wyoming?

In Wyoming, the LLC formation fee is $100. The annual report license tax is $60 or two-tenths of one mill ($.0002) on the company’s Wyoming assets, whichever is greater. Other costs: a registered agent (free if you serve as your own agent with a Wyoming address; otherwise a yearly commercial fee), an operating agreement (free if you draft it yourself), and any annual report or franchise fee. The EIN is free from the IRS.

Better to form LLC in Wyoming or in Wyoming/Delaware?

If your business operates in Wyoming, cheapest is forming LLC in Wyoming. If you operate in another state but register the LLC in Wyoming/Delaware, you must register as ‘foreign LLC’ in your operating state — paying both fees. Wyoming/Delaware only makes sense for passive LLCs (rentals, investments, holding companies).

Does my Wyoming LLC pay taxes?

By default, single-member LLC is ‘disregarded entity’ (taxes flow through to owner via Schedule C). Multi-member LLC treated as ‘partnership’ (Form 1065). You can elect S-Corp or C-Corp taxation via Form 2553/8832. Consult CPA with ITIN experience.

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General information, not legal advice. MigrantUSA is an independent publisher and is not a law firm; using this site does not create an attorney-client relationship, and this content is not a substitute for advice from a licensed attorney about your specific situation. US federal, state, and local government procedures, fees, and forms change. Always verify current details directly with the relevant agency before acting. For immigration, tax, or other legal matters specific to your situation, consult a licensed attorney or BIA-accredited representative.