Start Your Own Business in Wyoming: Seven Steps You Need to Take

From licenses and permits to taxes and insurance, learn what you need to do to start a business in Wyoming.

Here’s an overview of the key steps you’ll need to take to start your own business in Wyoming.

Step 1. Decide on a Legal Structure

The most common legal structures for a small business are:

  • sole proprietorship
  • partnership
  • limited liability company (LLC), and
  • corporation

There also are special versions of some of these structures, such as limited partnerships and S corporations. You’ll want to consider which business entity structure offers the type of liability protection you want and the best tax, financing, and financial benefits for you and your business. Check  Choose Your Business Structure  on Nolo’s website for more information on how to choose the best ownership structure for your business.

Step 2. Choose a Name

For LLCs and corporations, you will need to check that your name is distinguishable from the names of other business entities already on file with the Wyoming Secretary of State (SOS). You can check for available names by doing a  business entity search  on the SOS website. You can reserve an available name for 120 days by filing anapplication for reservation of name  with the Wyoming SOS. (There are different forms for LLCs and corporations.) There are certain name requirements for LLCs and corporations (like including a word such as “LLC” for LLCs or “Company” for corporations). See  How to Form an LLC in Wyoming  and  How to Form a Corporation in Wyoming  for more information.

Is your business a sole proprietorship or partnership that uses a business name that is different from the legal name of the business owner (for a sole proprietorship) or surnames of the individual partners (for a partnership)? If so, you have the option to file an  Application for Registration of Trade Name  with the SOS.

If you plan on doing business online, you may want to register your business name as a domain name. See  Choose and Register a Domain Name  for more information. In addition, to avoid trademark infringement issues, you should do a federal and state trademark check to make sure the name you want to use is not the same as or too similar to a name already in use. See  How to Do a Trademark Search  for more information.

Step 3. Create Your Business Entity

  • Sole proprietorship:  To establish a sole proprietorship in Wyoming, you don’t need to file any organizational documents with the state. For more information, see  How to Establish a Sole Proprietorship in Wyoming.
  • Partnership:  To create a general partnership in Wyoming, you don’t need to file any organizational documents with the state. Although not legally required, all partnerships should have a written partnership agreement . The partnership agreement can be very helpful if there is ever a dispute among the partners. For more information, see  How to Form a Partnership in Wyoming.  To form a  limited liability partnership(often used by professionals), you must file a Statement of Registration with the Wyoming SOS. For more information, see  How to Form a Limited Liability Partnership in Wyoming.
  • LLCs:  To create an LLC in Wyoming, you must file  Articles of Organization  with the Wyoming SOS. You will also need to appoint a  registered agent  in Wyoming for service of process. In addition, while not required by law, you also should prepare an  operating agreement  to establish the basic rules about how your LLC will operate. The operating agreement is not filed with the state. For more information, see  How to Form an LLC in Wyoming  and  How to Form a Professional LLC in Wyoming  (for professionals).
  • Corporations:  To create a corporation in Wyoming, you must file  Articles of Incorporation  with the Wyoming SOS. You will also need to appoint a  registered agent  in Wyoming for service of process. Although not legally required, you also should prepare  bylaws  to establish your corporation’s internal operating rules. Bylaws are not filed with the state.  S Corporations  must also file IRS Form 2553,  Election by a Small Business Corporation,  with the IRS. For more information, see  How to Form a Corporation in Wyoming.

Step 4. Licenses and Permits

Tax Registration.  If you will be selling goods in Wyoming, you must register with the Department of Revenue (DOR) to collect sales tax. You can download a  Sales/Use Tax License Application  from the DOR website.

EIN.  If your business has employees or is taxed separately from you, you must obtain a federal Employer Identification Number (EIN) from the IRS. Even if you are not required to obtain an EIN, there are often business reasons for doing so. Banks often require an EIN to open an account in the business’s name and other companies you do business with may require an EIN to process payments. You can get an EIN by completing an online application on the IRS website. There is no filing fee.

Regulatory licenses and permits.  These cover areas such as:

  • health and safety
  • the environment
  • building and construction; and
  • specific industries or services

The  Wyoming Business Council  (WBC) publishes an excellent guide, Wyoming Business Permitting and Licensing, that provides an easy-to-read overview of the state’s various regulatory permits and licenses, including the agencies that issue them. For information about local licenses and permits, check the websites for any cities or counties where you will do business.

Professional and occupational licenses.  These cover people who work in various fields. The Wyoming Department of Administration and Information (DAI) has an  online list  of regulatory boards for some (but not all) licensed professions and occupations. In addition, the  Governor’s Boards and Commissions  website has a section where you can search for a regulatory board if you know its name. And, finally, the WBC publication  Wyoming Business Permitting and Licensing  lists the many state agencies that administer professional licenses.

Step 5. Business Location and Zoning

You’ll need to pick a location for your business and check local zoning regulations. That includes if you work from home. You may be able to find zoning regulations for your town or city by checking

Step 6. Taxes and Reporting

Wyoming is one of just four states that have no corporate tax and no personal income tax. See  Wyoming State Business Income Tax  for more information on state business taxes in Wyoming.

Wyoming LLCs and corporations must file  annual reports  with the Wyoming SOS. Also, apart from Wyoming taxes, there are federal income and employer taxes. Check IRS Publications 334,  Tax Guide for Small Business, and 583,Taxpayers Starting a Business, available at

Step 7. Insurance

Insurance is a good idea for most kinds of business. While insurance often is regulated at the state level, the types of business insurance available are usually similar across the fifty states. Check  Obtaining Business Insurance  for more information.

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