Compare Business Types in Wyoming
LLC, corporation, S-Corp, nonprofit or partnership: what each costs to form and keep in Wyoming, side by side. An LLC is $100 to file.
Last verified August 2026 against official Wyoming sources.
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Wyoming Business Structures at a Glance
| Feature | Corporation | LLC | Nonprofit | Partnership | S-Corp |
|---|---|---|---|---|---|
| State filing fee | $100 | $100 | $25 | $100 | $100 |
| Expedite fee | $100 | $100 | $100 | $50 | $50 |
| Processing time | 5-7 business days | 10-15 business days | 5-10 business days | 5-7 business days | 5-7 business days |
| Annual/biennial report fee | $60 | $60 | $25 | $62 | $60 |
| Franchise / minimum tax | $60 | — | — | — | $60 |
| Recurring state fees / yr (est.) | $120 | $60 | $25 | $62 | $120 |
| Publication required | No | No | No | No | No |
| Registered agent | Required | Required | Required | Required | Required |
| Minimum owners | 1 | 1 | 1 | 2 | 1 |
Recurring estimate = report fee (halved for biennial reports) + franchise/minimum tax. Excludes publication, registered-agent and income taxes. S-Corp is a federal tax election (IRS Form 2553) made by an LLC or corporation.
LLC vs. Other Structures in Wyoming
LLC vs. Corporation
A Wyoming LLC offers pass-through taxation by default, avoiding the double taxation that C-Corporations face, and has fewer formalities such as no requirement for a board of directors or annual shareholder meetings. Corporations may be preferable for businesses seeking venture capital or planning to issue stock to many investors.
LLC vs. S-Corp
A Wyoming LLC can elect S-Corp tax treatment while retaining LLC flexibility, but a true S-Corp has strict eligibility requirements including a maximum of 100 shareholders and only one class of stock. Wyoming LLCs have no such ownership restrictions and offer greater structural flexibility.
LLC vs. Partnership
Unlike a general partnership, a Wyoming LLC provides personal liability protection to its members, shielding personal assets from business debts and lawsuits. A partnership does not require state registration and offers no liability shield, whereas forming a Wyoming LLC requires filing Articles of Organization and paying state fees.
LLC vs. Nonprofit
A Wyoming LLC is a for-profit entity designed to generate revenue and distribute profits to members, while a nonprofit corporation is organized for a charitable or public purpose and can pursue federal tax-exempt status under IRS Section 501(c)(3). Nonprofits cannot distribute profits to members or owners.
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