Wyoming Certificate of Authority›Annual tax
The yearly license tax for a foreign entity in Wyoming
A foreign profit entity with a Wyoming certificate pays an annual license tax of $60 or two-tenths of one mill on the dollar of assets located and employed in Wyoming, whichever is greater, on the first day of the month in which the entity registered or qualified, each year.
The tax in brief
- Formula
- $60 or two-tenths of one mill on the dollar of assets located and employed in Wyoming
- Floor applies up to
- $300,000
- Due
- On the first day of the month in which the entity registered or qualified, each year
- Early filing
- Up to 120 days before
- Dissolution
- 60 days after the due date
- Nonprofits
- $25 flat
The formula at work
| Assets in Wyoming | Yearly tax |
|---|---|
| $300,000 | $60 |
| $500,000 | $100 |
| $1,210,000 | $242 |
| $2,500,000 | $500 |
| $4,000,000 | $800 |
The first and third rows are the state's own examples; the others apply the same rate.
Whose tax this is
Whether domestic or foreign, profit corporations, LLCs, LPs and registered LLPs all pay on this schedule. A nonprofit pays a flat annual report fee instead, and the reinstatement fee for tax on a nonprofit is $25.
The due date
A company that qualifies on January 15 has a due date of January 1 each year. The report may be filed up to 120 days before it falls due.
Filing the report
Active entities file online with a Visa or Mastercard credit or debit card, through the Annual Report Wizard. Online filing stops being available once the fee passes $500, and online payers also owe the processor's convenience fee.
Reminders
The Secretary of State sends courtesy emails 60, 30 and 10 days before the due date, to the email address on file.
Changing the email on file
Because reminders go to the address on file, a company that changes its contact keeps the new address current with the Secretary of State. Updating an agent's own record costs $5 per entity, and naming a new agent and office costs $5.
Corporations and the same tax
A foreign profit corporation pays the same license tax as an LLC, two-tenths of one mill on the dollar of assets located and employed in Wyoming with a floor of $60, and a corporation that is reinstated after a missed tax pays $100.
Why two entities have different due dates
The date follows the month in which the entity registered or qualified. Two entities that qualified in different months therefore owe on different days, and a foreign entity's date is set by its Wyoming qualification, not by its home state's calendar.
When the report is missed
The entity is delinquent on the second day of the month after its due date. Should no filing reach the state within 60 days of the due date, administrative dissolution follows. A missed report is also a ground for revoking a foreign certificate.
Reinstating
Within 2 years of a dissolution for missed reports, and with no other delinquency, an entity can reinstate online. An LLC pays $100 plus the delinquent tax, and a profit corporation pays $100.
The agent condition
An entity dissolved for lack of a registered agent pays more to reinstate: $350 for an LLC and $250 for a corporation.
Five years of tax
Over five years the floor tax totals $300; add the application and an LLC has paid Wyoming $450.
When the tax outgrows the floor
Above $300,000 of Wyoming assets the formula takes over. On $1,210,000 of assets the bill is $242, $182 more than the floor, so a company adding Wyoming property should expect its bill to move.
After the certificate is issued
After issue, keep the tax date with the entity's papers. The guide lists what follows.
Annual tax questions
What is the yearly tax?
$60 or two-tenths of one mill on the dollar of assets located and employed in Wyoming, whichever is greater.
When is it due?
On the first day of the month in which the entity registered or qualified, each year.
Who pays it?
Every profit entity with a Wyoming certificate, foreign or domestic.
Is there an online limit?
Yes. Online filing is not permitted when the fee is over $500.
How late is too late?
Dissolution follows 60 days after the due date.
Can I file early?
Yes, up to 120 days ahead.
What does a nonprofit pay?
$25 a year.
Cost breakdown
Get your Wyoming certificate
WY+ $150 to Wyoming
$199
- Your application and the agent's consent page, filled in from a short form of questions
- Notice of the last day to order your home certificate, so the paper is fresh at mailing
- A Wyoming agent address of ours, or your own choice of Wyoming agent
- Wyoming's certificate of authority, passed on once issued
- Renewal: after the first year, the agent service renews at $149 a year
$150 is the LLC rate. Corporations, nonprofits and partnerships pay their own application fees, shown on the fee page. $199 plus the state fee, including your first year of registered agent service; after that the agent service renews at $149 a year.
Sources
- Wyoming Secretary of State, Business Division fee schedule
- Wyoming Secretary of State, foreign LLC application for certificate of authority and instructions
- W.S. 17-16-1503, application for certificate of authority
- Wyoming Secretary of State, should I apply for a certificate of authority
- Wyoming Secretary of State, foreign profit corporation application for certificate of authority
- Wyoming Secretary of State, business questions and answers
- W.S. 17-16-1530, grounds for revocation
- W.S. 17-16-1535, reinstatement following revocation
Already operating in Wyoming?
Apply now. The state's penalty and back taxes are counted by year, and each year you wait adds to them.