Wyoming LLC Tax Calculator
Wyoming has no state income tax on wages or business income, and charges a $60 annual LLC fee. Enter your expected Wyoming LLC net profit to see your full 2026 tax and fee breakdown.
Where your net profit goes
Take-home pay
$59,445
Social Security
$8,589
Medicare
$2,009
Federal income tax
$4,898
LLC fee
$60
Federal SE tax
Wyoming
Total cost of doing business
Annual report license fee (minimum $60) due on formation anniversary month.
Frequently asked questions
Does forming an LLC lower my taxes? +
No, not by default. A single-member LLC is taxed exactly like a sole proprietorship — all profit passes through to your personal return and is subject to the same 15.3% self-employment tax. The only difference is the state LLC fee added on top.
Why form an LLC if it doesn't save on tax? +
Liability protection, not tax savings — an LLC separates your personal assets from business debts and lawsuits. Tax savings only come from a separate choice: electing S-corp taxation on top of the LLC.
Can an LLC elect S-corp taxation? +
Yes. An LLC can file to be taxed as an S-corp, which can reduce self-employment tax on the profit above a reasonable salary. See our S-corp election calculator to check whether that trade-off is worth it for your numbers.
What's the LLC fee based on? +
It varies entirely by state, from $0 to $800 per year, structured either as a flat franchise tax (like California's $800 minimum) or an annual or biennial report fee.
Do I have to pay the LLC fee even with no profit? +
Usually yes — most state LLC fees are flat regardless of income. California's $800 minimum franchise tax is the best-known example of a fee owed even in a loss year.
What does Wyoming charge for an LLC? +
Wyoming charges a $60 annual LLC fee. Annual report license fee (minimum $60) due on formation anniversary month.
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