Wyoming: what each business structure costs a year

At $100,000 profit, an LLC taxed as an S corp costs $4,051 a year less than a sole proprietorship in Wyoming. All figures are 2026 tax and fees.

$4,051 a year

less as an LLC taxed as an S corp than as a sole proprietorship in Wyoming, at these numbers.

Wyoming, 2026: $100,000 profit, single filer

Structure

Yearly cost

vs yours

To set up

Sole proprietorship yours

$22,365

Itemized: $22,365

Self-employment taxirs.gov, 2026 rates	$14,130
Federal income taxirs.gov, 2026 rates	$8,235
Yearly cost	$22,365

Single-member LLC

$22,406

+$41

$100

Itemized: $22,406

Annual Report (License Tax)wyobiz.wyo.gov, checked Oct 23, 2026	$60
Self-employment taxirs.gov, 2026 rates	$14,121
Federal income taxirs.gov, 2026 rates	$8,225
Yearly cost	$22,406

LLC taxed as an S corp lowest

$18,314

−$4,051

$100

Itemized: $18,314

Annual Report (License Tax)wyobiz.wyo.gov, checked Oct 23, 2026	$60
Payroll tax on your salaryirs.gov, 2026 rates	$6,933
Payroll service and tax return (estimate)	$1,800
Federal income taxirs.gov, 2026 rates	$9,521
Yearly cost	$18,314

S corporation

$18,314

−$4,051

$100

Itemized: $18,314

Annual Report (License Tax)wyobiz.wyo.gov, checked Oct 23, 2026	$60
Payroll tax on your salaryirs.gov, 2026 rates	$6,933
Payroll service and tax return (estimate)	$1,800
Federal income taxirs.gov, 2026 rates	$9,521
Yearly cost	$18,314

C corporation

$25,541

+$3,176

$100

Itemized: $25,541

Annual Report (License Tax)wyobiz.wyo.gov, checked Oct 23, 2026	$60
Payroll tax on your salaryirs.gov, 2026 rates	$6,933
Payroll service and tax return (estimate)	$2,000
Federal corporate income tax (21%)irs.gov, 2026 rates	$11,354
Federal income taxirs.gov, 2026 rates	$5,194
Yearly cost	$25,541

What these figures count

State income tax, and state taxes on the business itself: franchise, LLC, S corp, gross receipts and excise taxes.
Social Security and Medicare on both sides of an owner salary, federal unemployment tax and the state's new-employer rate.
The 20% qualified business income deduction with its income limits and the professional-service rule.
Yearly report fees, and a cost you can change for payroll and the business tax return.

Many S corp calculators leave out state taxes and the QBI deduction, which can make the election look better than it is.

When an S corp election pays in Wyoming

Electing S corp tax treatment for an LLC starts to pay in Wyoming at about $52,500 of profit, with the default salary and $1,800 a year for payroll and the extra tax return.

Profit	Sole prop	LLC	LLC as S corp	C corp
$30,000	$5,181	$5,228	$7,048	$7,429
$50,000	$9,732	$9,778	$10,047	$11,929
$75,000	$15,495	$15,541	$12,447	$17,179
$100,000	$22,365	$22,406	$18,314	$25,541
$150,000	$37,607	$37,649	$30,873	$43,354
$200,000	$53,430	$53,478	$44,199	$60,349
$300,000	$92,125	$92,147	$73,783	$95,976

Single filer, no other income, revenue taken as 1.5 times profit, default salary. The lowest cost in each row is marked.

State fees and taxes in Wyoming

	LLC	Corporation
Filing to form	$100Articles of Organization	$100Articles of Incorporation	sos.wyo.gov
Yearly report	Annual Report (License Tax), $60 a year	Annual Report (License Tax), $60 a year	wyobiz.wyo.gov
Report due	First day of the anniversary month of formation	First day of the anniversary month of incorporation

Wyoming has no personal income tax on wages or business income. revenue.wyo.gov
Wyoming has no corporate income tax. revenue.wyo.gov
Wyoming follows the federal S corp election.
New employers pay state unemployment tax of 2.28% on the first $33,800 of each employee's wages. That applies to an owner's salary from an S or C corp. teamed.global
Annual license tax is the greater of $60 or $0.0002 per dollar of assets located and employed in Wyoming; $60 modelled. Online card payments add a 2.4% fee (min $1).
Annual license tax is the greater of $60 or $0.0002 per dollar of assets located and employed in Wyoming; $60 modelled.

Not in the calculator: No local income taxes. Counties add local sales and use taxes.

Switching calculators for Wyoming

By profession in Wyoming

Questions

Is an S corp worth it in Wyoming?

On these figures, from about $52,500 of profit. At $100,000 an LLC taxed as an S corp costs $18,314 a year against $22,406 for a plain LLC, $4,092 less. The saving comes from paying Social Security and Medicare tax on a salary instead of on all profit.

How much does an LLC cost per year in Wyoming?

The state charges Annual Report (License Tax), $60 a year. Forming one costs $100.

Does Wyoming recognise the S corp election?

Yes. The federal election carries over with no separate state form. No state income tax, so the S election has no state tax effect.

What income tax does Wyoming charge?

Wyoming has no personal income tax on wages or business income. Wyoming has no corporate income tax.

How this page models Wyoming (1)

New employers' UI rate is set by industry, but Wyoming DWS publishes no per-industry table (a new employer learns its rate from the notice sent after registration, and US DOL lists it only as the industry average), so the 2.28% low end of the published range stands in for a professional-services (NAICS 54) employer.

Sources checked 2026-10-23. Each figure links to the state or IRS page it comes from.

Other states

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When an S corp election pays in Wyoming

State fees and taxes in Wyoming

Switching calculators for Wyoming

By profession in Wyoming

Questions

Is an S corp worth it in Wyoming?

How much does an LLC cost per year in Wyoming?

Does Wyoming recognise the S corp election?

What income tax does Wyoming charge?