Wyoming is the “work boots + velvet rope” state for business owners: practical, low-drama, and quietly powerful. Why people choose Wyoming for an LLC or corporation 1) No state income tax (personal or corporate). Wyoming doesn’t tax your business profits at the state level. For many owners, that can mean simpler planning and more money left to reinvest, hire, or pay yourself. 2) Asset protection that’s actually a headline feature. Wyoming is well known for strong liability separation for LLCs when you set things up correctly (good operating agreement, clean bookkeeping, proper signatures). The goal: keep business problems in the business, not in your personal life. 3) Privacy-friendly (within the law)Wyoming generally requires less public disclosure than many states. If you prefer not to have your home address and personal details floating around online, Wyoming is often a comfortable fit. (You still must comply with federal rules and banking requirements, of course.) 4) Low annual costs and low friction. Annual reports are straightforward, and ongoing state fees are typically lower than many “popular” filing states. Less paperwork fatigue. More “go build your thing.” 5) Fast, flexible, entrepreneur-friendly Wyoming tends to move at founder speed. Forming is quick, changes are manageable, and the state’s overall business posture is welcoming. 6) Works great for online businesses, holding companies, and multi-state owners. If you run an e-commerce brand, consulting, SaaS, real estate holding LLC, or any business that isn’t tied to a physical storefront, Wyoming often fits like a glove. Many people also use it as a clean parent/holding entity structure. The honest “don’t get burned” note 🔥 Wyoming is fantastic, but it’s not a magic invisibility cloak. If you physically operate in another state (office, employees, warehouse, regular in-person services), you may need to register there too as a “foreign” entity and follow that state’s tax rules. Wyoming can still be useful, but the structure should match reality.