After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Wyoming corporations.
- Recordkeeping requirement. Wyoming requires corporations to keep the following with the registered agent or directly with the state:
- The name, address and phone number of the person who is authorized to receive communications from the registered agent
- The names and addresses of current directors and officers
- Standard corporate records. Wyoming corporations must also keep the following items with their corporate records at the principal office:
- The Articles of Incorporation and any amendments
- Bylaws or restated bylaws and any amendments
- Resolutions adopted by the directors creating one or more classes or series of shares and fixing their relative rights, preferences and limitations
- Minutes of shareholder meetings for the past three years
- Records of actions taken by the shareholders without a meeting for the past three years
- Written communications to shareholders, including financial statements, for the past three years
- A list of names and business addresses of current directors and officers
- Most recent annual report
Corporate taxes and fees
The following are taxation requirements and ongoing fees for Wyoming corporations:
- Annual report. Wyoming requires corporations to file an annual report on or before the first day of the anniversary month of the company’s incorporation. The cost is $50 or two-tenths of 1 mill on the dollar ($.0002), whichever is greater, based on the portion of the corporate assets located and employed in Wyoming.
- Taxes. For complete details on state taxes for Wyoming corporations, visit Business Owner's Toolkit or the State of Wyoming.
- Federal tax identification number (EIN). An EIN is required for corporations that will have employees. Additionally, most banks require an EIN in order to open a business bank account.
- State tax identification number. Wyoming does not require a state tax identification number.
Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
S corporation election
Wyoming does not recognize the federal S corporation election and does not require a state-level S corporation election, since there is no state income tax in Wyoming.
Additional Wyoming information
View the following additional resources BizFilings has for forming and maintaining companies in Wyoming:
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