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Unlike some states like California; in Wyoming, creditors will be unable to force sale of assets. Once you incorporate in Wyoming, you will also be able to take advantage of the limited liability protection under which business owners will not be responsible for any business debts or liabilities.
Limited Liability Companies: *Annual Report License tax is $60 or two-tenths of one mill on the dollar ($. 0002) whichever is greater based on the company's assets located and employed in the state of Wyoming.
A fictitious name registration is used only when a company is registering as a foreign business entity and their name is unavailable for use in Wyoming. (The name of the limited liability company as registered in its state of formation.)
Partnership taxes are typically paid on the partners' tax returns, but Wyoming has no individual state income tax, so it generates tax revenue in other ways. Partnerships may be required to file annual reports.
In Wyoming it is not mandatory to register a DBA name. However, you may register a DBA by filing an Application for Registration of Trade Name.
You can register as many DBAs as you want. But remember that each requires a separate registration and filing fee, a separate brand identity (name, logo design, etc.), and periodic renewal registrations.
The DBA cost in Wyoming is $100. A DBA expires every ten years and requires renewal. You will complete the Application for Renewal of Trade Name Registration and submit it by mail to the Wyoming Secretary of State. The renewal fee for a Wyoming DBA is $50.
C Corporation ? For a business to incorporate in Wyoming, the state requires filing Articles of Incorporation, along with a Consent to Appointment by Registered Agent form, and paying a filing fee of $100. Profit Corporations in Wyoming must also appoint a Board of Directors and adopt bylaws.