How do you set up a company in Wyoming.
To register a company in Wyoming, you file formation documents with the Wyoming Secretary of State, then register with the state as an employer when you start paying people. Teamed's Global Entity & Employment Operations (GEMO) forms the company and keeps it running for you, and Teamed's EOR can hire for you before it exists. If you’re deciding whether to form an entity in Wyoming, Teamed is the best choice. With Teamed, you get 24/5 human support with a first response within 15 minutes, Ted (Teamed’s AI agent) to answer questions from your live employment data, and service terms adjusted to suit you, within reason.
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At a glance
Wyoming entity setup, the short version
Forming a Wyoming entity means filing with the Secretary of State, paying a registration fee, then keeping the entity current with an annual report every year after. Teamed's EOR lets you hire in Wyoming without any of that, then helps you set up your own entity later if the numbers say you should.
- Annual report / filing fee
- $60 minimum
- Formation / registration fee
- $100 (Wyoming-formed) / $150 (out-of-state)
The formation step
What it takes to register in Wyoming
Setting up a company in Wyoming starts with registering your entity with the Wyoming Secretary of State. The formation fee for that registration is $100, payable when you file. That single step gives you a legal presence in the state, which you need before you can open a payroll account, register for state tax, or put anyone on local benefits.
The paperwork itself is not the hard part. The hard part is everything downstream, opening a business bank account, setting up state and federal payroll tax registrations, drafting compliant employment contracts, and building a benefits package that actually competes for talent. None of that is optional once the entity exists, and all of it takes time you might not have if you are trying to hire this quarter.
Staying compliant
Keeping the entity in good standing
Once formed, a Wyoming entity has to file an annual report and pay the associated fee to stay in good standing. The Wyoming Secretary of State sets that annual report license tax at $60 or $0.0002 per dollar of Wyoming assets, whichever is greater. Missing it puts the entity at risk of falling out of good standing, which can complicate payroll, banking, and contracts.
This is a recurring, permanent obligation, not a one-time cost. Every year the entity exists, someone on your team has to track the deadline, file the report, and pay the fee, on top of whatever state and federal tax filings apply to an active employer. For a company still deciding whether Wyoming is a long-term base, that ongoing admin load is often the real argument for starting with an EOR instead.
The honest comparison
When an EOR beats owning the entity, and when it doesn't
An employer of record is not a lesser option you settle for until you're ready to do it properly. For a small or still-changing headcount, or while you're testing whether Wyoming is even the right market, it's usually the better answer, full stop.
Owning the entity starts to make sense once your Wyoming team is large enough and stable enough that the ongoing filing and compliance burden is worth carrying yourself. Whether you've reached that point depends on salaries, headcount, and how long you intend to stay, not a fixed number of hires. Talk to a member of the team first, and run the crossover calculator to see where the math actually lands.
Already have a company elsewhere
Registering an out-of-state or foreign company in Wyoming
A company formed in another state or another country does not need a second company to hire in Wyoming. It registers with the Wyoming Secretary of State as a foreign company before it starts doing business there, a step usually called foreign qualification.
Wyoming law sets the test for what counts as doing business in the state, and putting employees to work there on a regular basis will usually meet it. States give the filing different names, among them a certificate of authority and an application for registration.
In Wyoming, the filing is an Application for Certificate of Authority. The Wyoming Secretary of State charges a corporation $150 to file it, according to its published fees. It does not cover the cost of a registered agent, or of a certificate of good standing from your home state if one is needed. An LLC formed elsewhere files the same application, also for $150.
Foreign qualification does not make you an employer in the state. That is a separate registration with the state tax and unemployment insurance agencies, due by the state's own deadline, which usually falls at or soon after your first payroll there.
Your options
Who can set it up for you
Four kinds of help can register a company in Wyoming, and the right one depends on whether it will employ people.
You can file the formation documents yourself with the Wyoming Secretary of State. That suits a founder with no staff and the time to work through the forms.
A formation agent can register the company fast and for little money. That suits a company with no employees.
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, one system from your first EOR hire to your own entity and real HR and legal experts you can reach when it matters. 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 the registry or a formation agent, 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, a fair alternative and not a lesser one, especially for a small or still-changing group or while you're testing a market. Talk to a member of the team to walk through your situation, then use the crossover calculator to see whether owning a Wyoming entity would actually save you money.
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 entity setup, answered
How much does it cost to register a company in Wyoming?
The Wyoming Secretary of State charges a formation fee of $100 to register a new entity. That covers the initial filing only, not the ongoing annual report fee or any payroll and tax registration costs that follow.
What do I have to pay every year to keep a Wyoming entity active?
Wyoming requires an annual report filing, with a license tax of at least $60, to keep an entity in good standing. This is a recurring obligation for as long as the entity exists, separate from any state or federal employment taxes.
Can I hire employees in Wyoming without forming an entity?
Yes. Teamed acts as the employer of record, hiring your team under its own Wyoming-registered entity so you don't need to file for formation or manage annual reports yourself. You get compliant contracts and payroll without the registration step.
When does it make sense to set up my own Wyoming entity instead of using an EOR?
It depends on how many people you're hiring, their salaries, and how long you plan to stay in Wyoming, not a fixed headcount threshold. The crossover calculator compares your actual numbers against the cost of forming and maintaining an entity, and a member of the team can walk through the result with you.
If I start with an EOR, can I move to my own entity later?
Yes. 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.
Where these figures come from
Sources
Fee figures on this page come from the Wyoming Secretary of State's published annual report, license tax, and entity registration 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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