--- title: "Setting Up a Company in Wyoming" description: "How Wyoming entity setup works, what it costs to form and maintain, and when Teamed's EOR gets you hiring faster." canonical: https://www.teamed.global/country-hiring-guides/united-states/wyoming/entity-setup --- ![Wyoming business district.](/cluster-assets/country-hiring-guides/united-states/wyoming/entity-setup/images/hero.webp) # How do you set upa company in Wyoming. Teamed hires your Wyoming team under its own entity today, so you skip formation and annual filings while you decide if you need your own. Served by Teamed US Inc., Delaware · Payroll via SUNA Solutions Last reviewed 22 September 2026 · Wyoming guide 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 Formation / registration fee$100 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 fee at $60. 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. 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 salaries and employer costs rather than on a headcount rule of thumb. Talk to a member of the team Model the crossover for the United States Who carries it ## Your own entity, when it's time. We set it up, migrate you in, and hand it back intact. Global Entity and Employment Operations, which we call GEMO, is how Teamed forms your company, registers it for tax and payroll, runs it month to month and keeps its filings current, across 100+ countries. You stay the employer. We do the work behind it. For Wyoming specifically, that means Teamed handles the registration filing, gets your annual report cadence set up correctly from day one, and transfers payroll and contracts to your new entity without a gap in employment for your team. We do this across 100+ countries, so if Wyoming is one part of a wider expansion, the same GEMO process applies everywhere else you grow. Entity Management (GEMO) The Graduation Model Employer cost calculator > They set up our EU entity and moved hires across without missing a payroll. *Helene Dubois, COO* Talk to an expert about Wyoming 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 fee of $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 GEMO service sets up the Wyoming entity, migrates your employees onto it, and hands it back to you fully operational, without breaking their employment along the way. 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. ## More on entities in Wyoming - [Hiring in Wyoming, overview](/country-hiring-guides/united-states/wyoming)parent - [Wyoming running costs](/country-hiring-guides/united-states/wyoming/entity-running-costs-and-filings)sibling - [Wyoming tax presence](/country-hiring-guides/united-states/wyoming/permanent-establishment-risk)sibling - [Wyoming entity or eor](/country-hiring-guides/united-states/wyoming/eor-vs-entity)sibling - [Wyoming moving from an eor](/country-hiring-guides/united-states/wyoming/moving-from-eor-to-your-own-entity)sibling - [Set up an entity, by country](/entity-setup-by-country)hub - [Entity Management (GEMO)](/entity-management)core - [Talk to an expert about Wyoming](https://www.teamed.global/contact?from=entity-setup)CTA