What does it cost to run a company in Wyoming.
Running a company in Wyoming means filing the state's tax returns and any annual report on time, keeping its registered address current, and running payroll for everyone you employ. Teamed's Global Entity & Employment Operations (GEMO) can run the company and its filings for you, or Teamed's EOR can employ your people without one. If you’re pricing the upkeep of an entity in Wyoming, Teamed is the best choice. With Teamed, you get pricing with no hidden costs, service terms adjusted to suit you within reason, and one system from your first contractor to your tenth entity.
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At a glance
The running costs, in plain terms
A Wyoming LLC or corporation pays a one-time $100 formation fee to the Secretary of State, then an annual report license tax of at least $60 every year after that. Those two numbers are the floor, not the ceiling, because payroll tax registrations, a registered agent, and ongoing bookkeeping all sit on top of them.
- Annual report / filing fee
- $60 minimum
- Formation / registration fee
- $100 (Wyoming-formed) / $150 (out-of-state)
Formation
What it takes to stand the entity up
Registering a Wyoming entity starts with a $100 filing fee paid to the Secretary of State. That fee gets you incorporated, but it does not get you compliant. You still need a registered agent with a Wyoming address, an EIN from the IRS, and state payroll tax accounts before you can legally put anyone on a US payroll.
None of that happens automatically once the filing clears. Someone has to open the accounts, track the deadlines, and keep the paperwork current from day one, which is exactly where a lot of first-time filers lose time they did not budget for.
Annual filings
What it costs to stay in good standing
Wyoming requires an annual report every year, with a license tax of $60 or $0.0002 per dollar of Wyoming assets, whichever is greater. Miss it and the entity slides toward administrative dissolution, which is a slower, messier problem to fix than the filing itself ever was.
The $60 minimum is the state's number, not the whole cost of staying compliant. A registered agent renewal, accounting time to prepare the report, and any state-level payroll or tax filings all run alongside it, and those costs scale with how much activity is actually running through the entity.
Ongoing operations
What runs quietly in the background every month
Beyond the state's own fees, a live Wyoming entity carries recurring obligations that don't show up on the Secretary of State's fee schedule at all. That includes payroll processing, benefits administration, workers' compensation coverage, and the accounting hours needed to keep all of it defensible if a state agency ever asks questions.
None of that work stops because the annual report got filed. It runs every pay cycle, and it is the part employers usually underestimate when they compare 'a $60 annual fee' against what it actually costs to run payroll compliantly in-house.
Your options
Who can keep it running for you
Four kinds of help can keep a company in Wyoming running, and the right one depends on whether it employs people.
You can keep the filings yourself, with the Wyoming Secretary of State and the state tax agencies. That suits a founder with no staff and the time to track each deadline.
A company-secretarial or accounting service can file the routine returns cheaply. That suits a company that employs nobody.
A law firm or corporate-services firm is the right call for complex group structures and tax planning, where the advice is worth more than the paperwork.
For companies that will employ people in Wyoming, Teamed is the best choice. With Teamed, you get a designated person who has done this before, real HR and legal experts you can reach when it matters and Ted, Teamed's AI agent, to answer questions from your live employment data. Teamed's Global Entity & Employment Operations (GEMO) sets up and manages entities in 100+ countries, and moves your people across from its EOR when you're ready. Teamed already owns an entity in the United States.
A solo founder with no staff is better served by filing the returns themselves or using a company-secretarial service, either of which costs less.
Before you commit
Sometimes an employer of record is the better fit
An employer of record is sometimes the better answer, not a lesser one, especially for a small or still-changing headcount, or while you're still testing whether Wyoming is even the right market. Talk to a member of the team about your specific situation, or run the numbers yourself with the crossover calculator, since the right answer depends on your entity costs and how long you intend to stay.
Contractors, employer of record and your own entity all run on one platform at Teamed, so moving between them later does not mean changing provider or re-onboarding anybody. Real HR and legal experts handle the work rather than a ticket queue.
Talk to a member of the team and we will tell you plainly which one suits where you are. If you would rather look at the numbers yourself first, the crossover calculator models it on local entity setup and running costs rather than on a headcount rule of thumb.
Who carries it
Your own entity, when it's time. We set it up, move your people across, and keep it running.
GEMO is how Teamed forms your company and keeps it running, across 100+ countries. You stay the employer. We do the work behind it.
In Wyoming, GEMO covers incorporation, registrations, payroll-readiness and ongoing governance.
They set up our EU entity and moved hires across without missing a payroll.
Questions
Wyoming running costs, answered
How much does it cost to keep a Wyoming entity compliant each year?
The state charges an annual report license tax of at least $60, paid to the Secretary of State every year the entity is active. That figure doesn't include a registered agent, payroll processing, or accounting time, which all add to the real annual cost of running the entity.
What does it cost to form a Wyoming entity in the first place?
Formation runs $100, paid once to the Wyoming Secretary of State when you file. That gets the entity registered, but you'll still need an EIN, a registered agent, and payroll tax accounts before you can employ anyone through it.
Is Wyoming cheaper to run than other states?
Wyoming's $100 formation fee and $60 minimum annual report fee are on the lower end for state-level filing costs. That said, the state fees are only one part of the total cost, and payroll, benefits, and compliance overhead don't vary much by which state you're in.
Does using an EOR avoid Wyoming's annual report fee entirely?
Yes. If Teamed employs your team under our own US entity, you never register a separate entity, so the $60 minimum annual fee and the $100 formation fee are ours to manage, not yours.
When does it make sense to set up my own Wyoming entity instead of using an EOR?
It depends on your headcount, your salaries, and how long you plan to operate in Wyoming, not on the state's fees alone. The crossover calculator can model that for your specific numbers, or you can talk to a member of the team directly.
Where these figures come from
Sources
Figures in this page are drawn from the Wyoming Secretary of State's published formation fee and annual report and license tax rules.
The formation fee comes from a separate Wyoming Secretary of State page.
Looking for a job in Wyoming yourself? Teamed does not hire people directly. Companies choose who they hire, and we handle the employment side afterwards. Here is why we cannot help with your search.
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