-When you set up an LLC in Wyoming, the state keeps the owners information private.
-There is no income tax or business tax in the state of Wyoming.
The state of Wyoming is one of only 8 states in the union with no income tax, yay!
Wyoming is one of only two states in the union with no Corporate or Gross margins income tax (the other being South Dakota).
Like many states, Wyoming has multiple tax rates. One at the state level and another at the local level. The state rate is 4.0% the average local rate is 1.34% (total average rate for Wyoming Sales Tax is 5.34%). This is very low for a combined rate.
The average property tax rate for residential property in the state of Wyoming is 0.55%, almost half of the national average (1.05%).
Unemployment taxes usually consist of three factors. They are the wage base, range of rates, number of schedules. Below is an outline of the three:
Wyoming is an inexpensive state to open an LLC. Here’s what you need to know.