Whether you are a domestic corporation (a corporation organized in Wyoming) or a foreign corporation (a corporation organized in a state other than Wyoming), you must file an annual franchise tax report, otherwise known as the annual license tax. The tax is based on the corporate property and assets located and employed in Wyoming. The license tax is $50 or two-tenths of one mill on the dollar ($.0002), whichever is greater. Any entity with $250,000 or less in assets pays the minimum tax of $50.

The same annual license tax applies to Limited Liability Companies (LLCs), Limited Partnerships (LPs) and Registered Limited Liability Partnerships (RLLPs).