Now that you have made the decision to form an LLC or incorporate a new business in Wyoming, one of the things that you would require to work in this state is a business license. How do you get a license in the state of Wyoming? The procedure for getting a business license can take a lot of time but it is simple enough. All you need to know about business license in Wyoming is what this page is all about. Once, you have the required license, we at incparadise.net will help you through the process of company incorporation or LLC formation. We have helped several businesses in registering in the state of Wyoming and have a build goodwill and reputation with state authorities over a period of time.

Wyoming Business License is a must

Wyoming is one of the most favorable states for forming LLC’s and registering corporations and this only because it has really flexible tax policies. Wyoming is a state that not only provides a favorable business climate but also provides several benefits to businesses. Some of the benefits that businesses can derive include:

• No personal income tax
• No corporate income tax
• No Estate or Inheritance Taxes
• No Out-of-State Retirement Taxes
• It is not mandatory for directors, shareholders, and officers of an LLC in Wyoming to be Wyoming residents.
• In Wyoming, incorporation can take place without the need for any minimum initial capital
• No occupation, franchise, or value-added tax
• There are no burdensome regulations
• Sales and property tax are amongst the lowest in the USA

You will be able to derive the above benefits only when you move forward with your plan to start a business in the state and the first step towards starting your business is getting a Wyoming company license. The license is issued by Secretary of State’s office.

One of the important things to remember while applying for a license is that the state of Wyoming has additional specialized permits or licensing that pertains to specific business activities. Whether you reside in Wyoming or any other state, the moment you choose to start your business, you will require this license without which you will not be able to incorporate or form your LLC. It is important to get a complete understanding of the regulations of business license in Wyoming as it will help you to ensure compliance with all licensing requirements.

If you require in-depth information regarding incorporation of business or formation of LLC in the state of Wyoming, you can speak with one of our business experts or check the incorporation page.

Determine Type of Business

The first step towards getting a Wyoming company license is to identify the type of business you want to set up in the state. It is also important to identify the industry and specific product or service your company will offer. You can choose the type of business entity as an LLC, General Partnership, Corporation, or Sole Proprietorship. In the state of Wyoming, the most beneficial entities to form are typically LLCs or corporations although you are free to set-up any type of business entity.

Note: The fee for corporation and LLC is the same while that of general or sole proprietorship is different.

Once you have identified the type of business, we at incparadise.net will help you obtain the right license or permit for your business to become operational in the state.

Getting a business license in Wyoming

How do you obtain Wyoming company license? Is it a simple process or is it complicated?

A State Business License is a mandatory requirement for starting small and medium enterprises or corporation in Wyoming and this license has to be renewed each year. Some of the most commonly issued business license in Wyoming includes:

• General contractor’s license
• Sales/use tax license
• Liquor license
• Food service license
• Retail license
• Bulk deal license
• Wholesale license
• Vehicle disposal license
• Motor vehicle dealer license
• Commercial vehicle license
• Cigarette wholesaler license
• Special fuel license
• Department of Agriculture or a local Health Department license

Similarly, business permits are required for different industries in Wyoming and you can obtain your license or permit by contacting both municipal and county authorities in the area or region in which you intend to establish your business. You can also write to or speak with a Business Permit Program representative. You will need to obtain business permits for the following industries:

• Environmental Protection
• Agriculture
• Wildlife
• Consumer Credit
• Insurance
• Construction Contractors
• Fire Prevention
• Non-Wyoming Businesses
• Large-Scale Projects
• Foreign Corporations
• Transportation
• Public Land
• Retail and Wholesale sales as well as service establishments

Note: It is important to note that the state of Wyoming does not issue any statewide general business license. The permits and licenses issued are dictated primarily by profession, industry or location of the business or LLC.

City Business License

There are 23 counties in the state of Wyoming and 99 municipalities that consist of cities as well as towns. Each city has their format for business license in Wyoming. Hence, it is extremely important to determine the city/county that your corporation, SMEs, or LLC will operate from.

Let’s take a look at an example: If you are planning to form an LLC or set up your business from Sheridan, Wyoming then you will require business licenses only for specific businesses, which are “Tree Trimmers”, “Secondhand Dealers”, and “Pawnbrokers”. These licenses are currently being enforced by the City and have to be obtained from the Clerk’s office.

Similarly, the business license fee schedule is different for each city and the type of business like if you were to start a business in Green River, Wyoming, then the fee for banks, tanneries, and book binding establishments is $100 while that of pawn stores is $200.

Obtaining a business license in Wyoming City can be quite a confusing, time consuming, and demanding exercise but we can make the entire process simplified. Call us today to know more about how to obtain a Wyoming business license as failure to obtain the right type of business license and permits can result in fines and even lead to premature closure of your LLC or Corporation.

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Why are LLCs and businesses getting formed or incorporated in Wyoming more than ever before? This is because Wyoming offers the perfect business and tax environment for small & medium enterprises (SME’s). If you have chosen to form a Wyoming business then it is definitely a great decision in terms of long-term business growth and value addition.

The question is, now that you have decided to set up a business in Wyoming, what next? How do you go about the entire process of registration and formation? There are various aspects to consider and specific steps that you will need to follow but before you set off, it is necessary to identify the type of business you want to set up in the state because LLC registration and formation is different from that of a Corporation.

Wyoming agents like incparadise.net provide specialist services and packages from which you could choose to form a Corporation in Wyoming or apply for LLC registration.

Wyoming LLC Registration and Formation

If you are planning to form an LLC in the state of Wyoming then it comes with limited liability and several other benefits. The procedure for registration and formation of LLC is as follows:

Step 1

The first step towards company formation in Wyoming is to identify a name for your LLC. Once you have chosen a name, you will need to check whether that name has been taken by any other business or not? How and where do you check the availability of your business name?

You can check availability right here!

If you are unable to find the right name for your LLC then we at incparadise.net can brainstorm an appropriate name for your business. We can also conduct a quick name search to check availability and if available, we can reserve it for you. Reserving the name means it cannot be used by any other business.

Step 2

Will it be a single-entity run LLC or will there be multiple members? This decision will help you plan ahead especially through the setting up process for LLC company formation in Wyoming.

You can download the form or select the ONLINE submission option.

In case, you have any questions, feel free to call us at 702-871-8678.

Step 3

Lastly, you will need to choose a Wyoming registered agent. incparadise.net is one of the most experienced registered agencies when it comes to forming an LLC in the state of Wyoming. We have a team of committed agents with experience in LLC registration and formation. We are here to ensure LLC company formation in Wyoming is a smooth process. As a part of our services, we will not only help you in preparing your State approved Articles of Formation Form but also help you file the form with the state and send you the LLC certificate of formation.

We take pride in our work and have successfully established over 10,000 LLC or corporations.

If you have any questions regarding Wyoming LLC registration and formation, you can simply visit the Wyoming LLC formation page.
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Wyoming Corporation Registration and Formation

If you are planning to form a Corporation in Wyoming, the procedure for registration and formation is as follows:

Step 1

If you want to form a Corporation in Wyoming, then the first step is to identify a name for your business. You need to choose a name that is not in use already. How do you know, the name that you have chosen is not already in use?

Simple! Just click here to check right now!

If you are unable to find the right name then we at incparadise.net can:

• Find an appropriate name for your business
• Conduct a quick name search to check availability
• If available, we can register your Wyoming Corporation based on the available name

Step 2

In order to form a Corporation in Wyoming, you will be required to fill different types of forms that have to be eventually filed with the Wyoming Secretary of State. The form that needs to be filed will be Articles of Incorporation. You can DOWNLOAD it from here.

In case, you have any questions, feel free to call us on 702-871-8678.

Step 3

Lastly, you will need to choose a Wyoming registered agent. incparadise.net is one of the most experienced registered agencies when it comes to forming incorporation in the state of Wyoming.

We have a team of committed agents with experience in Corporation registration and formation. We are here to ensure you can form a Corporation in Wyoming with ease.

We take pride in our work and have successfully established over 10,000 LLC or corporations.

If you have any questions regarding Wyoming incorporation, you can simply visit the Wyoming Business formation page.
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When individuals want to incorporate their start-up SME’s (small and medium enterprises) or form LLC, it is natural that most people will register in their home state. But did you know that, sometimes there are several advantages of actually registering a business or LLC in Wyoming?

Yes, you heard it right, we are talking of Wyoming! If you are not from Wyoming and are planning to start your own business then incorporating in this state can be highly beneficial in the long run.

You are probably wondering the definite advantage that you would derive when you register a new business in Wyoming. There are several advantages Wyoming has over other states and at the top of the list are major tax benefits. Over the last decade there has been an increase in incorporation of businesses or LLC’s in the state owing to the pro-business climate it offers.

Let us take a detailed look at the advantages that a startup company in Wyoming will enjoy.

Incorporation in Wyoming has its own Advantages

It is always beneficial to register a new business in Wyoming as many businesses formed in the state has realized over the years. The advantages that your business can benefit from include:

Freedom from Taxes

Whether you are planning to form an LLC or incorporate a business in the state of Wyoming, the greatest advantage is tax flexibility. Higher taxes can actually eat into the profits of your business leading to slower business growth over the years but when you register a new company in Wyoming, it is a different story altogether.

The Wyoming tax advantages LLCs and Corporations can benefit from include:

• Personal Income Tax: You will not be required to pay Personal Income Tax separately in state of Wyoming if you are operating your business in the state.
• Corporate Tax: In the state of Wyoming, entity tax will not be charged from Corporations and this helps in reducing the burden of double taxation.
• Excise Tax: You will not be taxed or asked to pay state taxes on specific items like gas or food.
• Estate or Inheritance Tax: You will not be charged estate or inheritance tax in the state of Wyoming. This ensures you are able to leave an estate for your family members or children.
• Intangible Tax: In the state of Wyoming, taxes will not be imposed on any type of intangible assets like stock or bonds.

Tax Exemptions

If you thought that the absence of specific taxes is the only advantage then here is some more good news. The overall tax climate in the state of Wyoming is also considered to be one of the best because of certain exemptions that LLC or corporations can enjoy.

• Manufacturing Sales Tax Exemption: If you form a manufacturing startup company in Wyoming then you can leverage the sales tax exemption applicable on sales or lease of manufacturing machinery that is meant to be used in Wyoming directly and especially if such machinery is going to be used for manufacturing tangible personal property like computer, household goods, furniture, collectibles etc.
• Sales Tax Exemption on Electricity: If you are planning to start a manufacturing unit then you will be able to leverage from the exemption on use of power (electricity) or fuel that is consumed directly by your manufacturing process.

Enjoy high Privacy

If you register a new company in Wyoming then you will not be required as a manager of a Wyoming Corporation or as a member of a Wyoming LLC to be listed on the state’s public database. As a result, it will not be easy to make you a target for lawsuits.

Various Advantages

As a startup company in Wyoming, you will be able to leverage on several other benefits that the state of Wyoming offers to businesses. Some of those include:

• Unlimited stock issuance: One of the salient benefits that Corporations can enjoy in the state of Wyoming is the ability to issue unlimited stocks. In most of the other states, there is a limitation on the number of shares that Corporations are authorized to issue but that doesn’t work here.
• Limited Liability: If you are forming an LLC in Wyoming then liability will be limited to your company. It doesn’t matter whether you are an officer, manager, or even a director; you will not be held responsible in any way for the liabilities of the company. This protection will only not be applicable if you were to get involved in outright fraudulent activities.
• Minimum Corporate Formalities: One of the reasons why several people register a new company in Wyoming is because corporate formalities and restrictions are almost at an absolute minimum in the state.
• No minimum capitalization: Whether you are planning to start an SME or form an LLC, you can fund your corporation with as low as $1 or as high as $500,000. It doesn’t matter how much capital you are investing even though in some states, “under capitalization,” is a strict “no-no!”

At this juncture, the most common question asked frequently is what are the disadvantages?

Are there any Disadvantages of Incorporating in Wyoming?

Whether you are incorporating your business in Wyoming or forming an LLC, there are a few constraints that are applicable and should be taken into account prior to registering a startup company in Wyoming. These constraints can be treated as disadvantages and include:

• Limited Life: In Wyoming, the life of a Corporation can be forever but LLCs will get dissolved if and when one of the members pass away or even when a member files for bankruptcy.
• Increased administrative costs: If you are a small-business owner residing in another state and planning to register a new company in Wyoming, then you will always have to go back to your home state and register as a “foreign registration document”. This can increase your administrative costs and filing fees significantly.
• Paperwork: As compared to an LLC, a partnership or sole-proprietorship business will always require less paperwork and it is less complex as well.

Apart from these constraints, there are no visible or impactful disadvantages when you register a new business in Wyoming. In fact, the truth is that this is a state that offers the most favorable business conditions in the country.
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Insert the Wyoming Company Name you wish to register or reserve and you will receive a message immediately whether the intended name is free to use or not.

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[company-check state=”WY”]

Wyoming Company Name

Corporations in Wyoming are not required to use name endings such as “Incorporated” or “Inc.”

The corporate name may not contain language implying a different purpose from the purpose or purposes in the Articles of Incorporation.

The name shall not be the same as or similar to the name of any domestic or foreign for-profit or nonprofit corporation, trade name, trademark or service mark registered in this state, limited liability company, statutory trust company, limited partnership or other business entity.

Use of the word “Trust” is restricted. Use of the words “Academy,” “Education,” “University” and “School” requires approval by the Department of Education.

Once your company is set up, you will need:

1. Tax ID (EIN) – free over the Internet or phone.
2. Publishing requirements in Arizona – You must publish your filed Articles of Incorporation in a newspaper in general circulation where the principal business office is located. Proof (File Affidavit of Publication) of publication must be submitted to the state. This affidavit needs to be notarized and sent to the Arizona Corporations Commission.
3. Yearly Requirements and Fees for Arizona companies – Each year in the corporation’s anniversary month, the annual report is due. The state fee is $45. We charge $15 if you use our service for filing the Annual Report. LLCs do not have annual filing requirements
4. Company Minutes & Stock Certificates  are included in incorporation. You will have access to documents generated on your client account.

Arizona additional services

• Registered Agent
• Annual Report
• EIN (Tax ID)
• More Additional Services

• Why Arizona?
• Arizona Registered Agent
• Arizona Annual Requirements
• Arizona Corporation Statutes: Title 10 for Corporations & Associations