Each state has different requirements for forming a corporation. Whether you are starting a business or incorporating a business already in existence, you’ll want to understand state requirements for Wyoming incorporation.
Wyoming corporations are not required to use corporate name endings, such as the word "Incorporated" or the abbreviation "Inc." The corporate name may not contain language implying a different purpose from the purpose or purposes in the Articles of Incorporation. The name shall not be the same as or similar to the name of any domestic or foreign for-profit or nonprofit corporation, trade name, trademark or service mark registered in this state, limited liability company, statutory trust company, limited partnership or other business entity. Use of the word "Trust" is restricted. Use of the words "Academy," "Education," "University" and "School" requires approval by the Department of Education.
The following are Wyoming’s requirements for directors of corporations
The document required to form a corporation in Wyoming is called the Articles of Incorporation. The information required in the formation document varies by state. Wyoming's requirements include:
Wyoming allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC).
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.
The following are taxation requirements and ongoing fees for Wyoming corporations:
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.
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.
The state in which you form your company can provide certain benefits.
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