Wyoming · LLC tax election
Wyoming LLC: S corp or C corp?
Wyoming takes nothing from your income, and the state fee is the same whichever way you elect.
See Wyoming at a glanceShort answer
Wyoming has no individual or corporate income tax, so choosing S corp or C corp changes your federal taxes only. The one state cost that follows your company is the annual license tax: $60 or $.0002 per dollar of Wyoming assets, whichever is greater. LLCs and corporations pay it on the same schedule.
Last checked .Wyoming at a glance
| Question | Wyoming |
|---|---|
| S election recognized? | No state income tax, so the election changes nothing at the state level1 |
| Separate state form and deadline | No separate state form2 |
| Tax the S corp itself pays | None at the entity level3 |
| C corp rate and minimum | 0% flat4 |
| Entity tax on a default LLC | $60 a year5 |
| Personal income tax | No tax on wages or pass-through income6 |
What is different about Wyoming?
There is not much state tax to plan around in Wyoming. The state's official site says Wyoming does not possess an individual or corporate income tax, so there is no state S election form, no corporate rate and no tax on the salary or profit you pay yourself. The one entity-level charge comes with the annual report: a license tax based on the assets you hold in Wyoming. It is $60 or two-tenths of one mill on the dollar ($.0002), whichever is greater, and the Secretary of State applies the same schedule to profit corporations and LLCs. Your S versus C decision is a federal one.
Does Wyoming recognize a federal S corp election?
Wyoming has no tax on S corporation income, because it has no individual or corporate income tax. Your LLC taxed as an S corp files nothing extra for state income tax and uses no state S election form. It does owe the annual license tax, $60 or $.0002 per dollar of assets located and employed in Wyoming, whichever is greater. That tax is the same one an LLC taxed any other way would pay.
Does my LLC need a separate Wyoming election or form?
Wyoming has no state S election form because it has no income tax.2
What does Wyoming tax an S corp or LLC at the entity level?
- Wyoming does not tax S corporation income because it has no individual or corporate income tax.3
- A Wyoming LLC pays an annual license tax of $60 or two-tenths of one mill on the dollar of assets located and employed in Wyoming, whichever is greater; corporations use the same schedule.5
- LLCs and profit corporations pay the same annual license tax: $60 or two-tenths of one mill on the dollar of Wyoming assets, whichever is greater.7
Is a Wyoming LLC taxed as a C corp ever better?
A Wyoming C corp pays no state corporate income tax, because Wyoming has none. The annual license tax is the only state charge tied to the entity: $60 or two-tenths of one mill on the dollar of assets located and employed in Wyoming, whichever is greater. A profit corporation uses the same schedule as an LLC, so choosing C status does not change that amount. Your dividends face no state individual income tax either.
Run your Wyoming numbers
No state cost eats into an S election in Wyoming. The license tax is $60 or $.0002 per dollar of Wyoming assets, and it does not change with the election. That leaves the federal math: self-employment tax saved against the cost of payroll and an S corp return. Wyoming does not move the break-even point in either direction.
Result
How much would a Wyoming LLC owner save as an S corp?
| Taxed as | At $80,000 profit | At $150,000 profit |
|---|---|---|
| Default LLC | $11,304self-employment tax $11,304 + Wyoming LLC tax $0 | $21,194self-employment tax $21,194 + Wyoming LLC tax $0 |
| S corp | $9,344payroll tax $7,344 + Wyoming S corp tax $0 + $2,000 payroll and prep | $15,770payroll tax $13,770 + Wyoming S corp tax $0 + $2,000 payroll and prep |
| C corp | $16,064payroll tax $7,344 + Wyoming tax $0 + federal $6,720 + $2,000 payroll and prep | $28,370payroll tax $13,770 + Wyoming tax $0 + federal $12,600 + $2,000 payroll and prep |
Assumes a 60% salary9 and a single filer. Income tax is left out. C corp dividends are taxed again. Wyoming's annual license tax is the same in all three, so it is left out.
When is the Form 2553 deadline for a Wyoming LLC, and what if I miss it?
Late relief: federal steps, deadline guide.
What to do next
How to start one, or have us form it from $123.75.
Registered agent $74.25/yr, annual report.
LLC vs S corp guide, election deadline, Form 2553 filed for $165.
More on Wyoming: How to start a Wyoming LLC · How to start a Wyoming corporation · Wyoming LLC cost · Wyoming annual report · Annual report late fees by state
File the S-Corp Election for your Wyoming LLC
We file Form 2553 for a flat $165.
Get the S-Corp ElectionCommon questions
Does Wyoming have a state income tax?
No. The state's official site says Wyoming does not possess an individual or corporate income tax. That applies to S corporations, C corporations and owners alike.
Does Wyoming have a corporate income tax for C corps?
No. Wyoming has no corporate income tax, so a C corp owes no state tax on its profit. It still pays the annual license tax on Wyoming assets.
What is the Wyoming annual license tax for an LLC?
It is $60 or two-tenths of one mill on the dollar ($.0002) of assets located and employed in Wyoming, whichever is greater.
Does a Wyoming LLC need a state S election?
No. Wyoming has no income tax, so no state S election form exists. You file the federal S election with the IRS and the state asks for nothing more on income tax.
Do corporations pay the same license tax as LLCs in Wyoming?
Yes. The Secretary of State says profit corporations, LLCs, limited partnerships and registered limited liability partnerships use the same annual license tax schedule.
Sources 10 links, checked Nov 6, 2026
- Wyoming has no individual or corporate income tax, so there is no state S election to follow. wyo.gov, checked Nov 6, 2026
- Wyoming has no state S election form because it has no income tax. wyo.gov, checked Nov 6, 2026
- Wyoming does not tax S corporation income because it has no individual or corporate income tax. wyo.gov, checked Nov 6, 2026
- Wyoming has no corporate income tax, so a C corporation pays no state income tax. wyo.gov, checked Nov 6, 2026
- A Wyoming LLC pays an annual license tax of $60 or two-tenths of one mill on the dollar of assets located and employed in Wyoming, whichever is greater; corporations use the same schedule. sos.wyo.gov, checked Nov 6, 2026
- Wyoming has no individual income tax. wyo.gov, checked Nov 6, 2026
- LLCs and profit corporations pay the same annual license tax: $60 or two-tenths of one mill on the dollar of Wyoming assets, whichever is greater. sos.wyo.gov, checked Nov 6, 2026
- IRS: Form 1120 instructions, C corp rate irs.gov, checked Nov 6, 2026
- IRS: S corp reasonable compensation irs.gov, checked Nov 6, 2026
- IRS: Form 2553 instructions irs.gov, checked Nov 6, 2026
Last verified Nov 6, 2026.
This page explains the rules; it is not tax advice. Run your numbers with a CPA or enrolled agent before you elect.
Last verified Nov 6, 2026.