Wyoming State Law

Wyoming businesses must register with the Secretary of State before conducting business. Sole proprietors using a trade name must file a trade name registration. Businesses with employees or taxable sales…

Source: WY Secretary of State

Wyoming employers who pay $500 or more in wages in any calendar quarter or employ at least one worker in any week must register with the Department of Workforce Services…

Source: WY Department of Workforce Services

Wyoming employers must report all newly hired and rehired employees to the State Directory of New Hires within 20 days of the hire date. Reports must include the employee name,…

Source: WY Department of Workforce Services

Wyoming minimum wage is $5.15 per hour under state law, but federal law requires covered employers to pay at least $7.25 per hour. In practice, the federal minimum applies to…

Source: WY Department of Workforce Services

Wyoming is a monopolistic workers compensation state, meaning all employers in covered industries must purchase coverage exclusively through the state Wyoming Workers Compensation program. Employers report payroll and pay premiums…

Source: WY Department of Workforce Services

Wyoming professional licensing is administered through multiple boards and agencies. The Secretary of State website provides a centralized directory of licensing boards covering professions including engineers, architects, real estate agents,…

Source: WY Secretary of State

Wyoming does not require a statewide general contractor license, but individual municipalities and counties may require local contractor registration or permits. Specialty trades such as electrical, plumbing, and HVAC are…

Source: WY Office of the Governor

The Wyoming Business Ready Community (BRC) program provides grants and loans to Wyoming communities for infrastructure and economic development projects that support business growth and job creation. Businesses benefit indirectly…

Source: WY Business Council

The Wyoming SBIR/STTR Matching Grant program provides state matching funds of up to $150,000 to Wyoming small businesses that have received a federal SBIR or STTR Phase I or Phase…

Source: WY Business Council

Home-based businesses in Wyoming are regulated by local city and county zoning ordinances. Most jurisdictions permit home occupations as an accessory residential use subject to limits on signage, customer visits,…

Source: WY Business Council

Wyoming LLCs are formed by filing Articles of Organization with the Secretary of State and paying a $100 fee. All LLCs must designate a registered agent with a Wyoming address…

Source: WY Secretary of State

Wyoming corporations are formed by filing Articles of Incorporation with the Secretary of State and paying a minimum $100 fee based on authorized capital. Corporations must designate a registered agent…

Source: WY Secretary of State

Wyoming LLCs and corporations must file an Annual Report with the Secretary of State by the first day of the anniversary month of formation each year. The minimum fee is…

Source: WY Secretary of State

Wyoming does not impose a corporate income tax or a personal income tax, making it one of the most tax-favorable states for business. Wyoming also has no franchise tax or…

Source: WY Department of Revenue

Wyoming imposes a state sales tax of 4% on retail sales of tangible personal property and some services, with county taxes bringing combined rates to between 5% and 6%. Businesses…

Source: WY Department of Revenue

Wyoming imposes a severance tax on the extraction of minerals including oil, gas, coal, and trona. Rates vary by mineral type, ranging from 2% to 6% of the gross value…

Source: WY Department of Revenue