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Wyoming - No State Taxes

It means that if your business is formed in Wyoming, Wyoming itself does not charge:

State income tax on your personal income.

Corporate income tax on business profits.

Franchise tax (an annual tax many states charge simply for the privilege of operating there).

For example, if your Wyoming LLC earns $100,000 in profit:

Wyoming takes $0 in state income tax.

Wyoming takes $0 in corporate income tax.

Wyoming takes $0 in franchise tax.

You would still have to pay:

Federal taxes to the IRS.

Any taxes required in the state where you are actually conducting business, if applicable.

Wyoming’s annual report/license fee (typically very low compared to many states).

One important distinction: forming a Wyoming LLC does not automatically eliminate state taxes where you live.

For example, if you live and operate primarily in Bend:

Your Wyoming LLC may be registered in Wyoming.

But if the business is effectively being run from Oregon, Oregon may still consider it to be doing business there and require registration and compliance with Oregon rules.

So the biggest benefits of Wyoming are usually:

Privacy (anonymous LLC options).

Asset protection.

Flexible Series LLC laws.

No Wyoming state income tax.

Low annual maintenance costs.

The tax savings are often most significant for businesses that are genuinely operating across multiple states, holding investments, intellectual property, or other assets—not simply because the owner lives elsewhere and files in Wyoming.

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