Wyoming BEST #1 Registered Agent

Best Wyoming - #1 Registered Agent - Casper - Cheyenne - Cody

Demographic Information

Capital Cheyenne
Nickname Big Wyoming, Equality State, Cowboy State
Motto "Equal Rights"
Admitted to Union July 10, 1890, 44th State
Size 97,914 square miles, 9th largest state
Highest Point Gannett Peak, 13,804 feet
Lowest Point 3,100 feet, Belle Fourche River
Average Annual Precipitation 14.5 inches
Population (2010 Census) 563,626

State of Wyoming


Wyoming map courtesy of the Wyoming Department of Transportation

Wyoming is in the western United States. It is bordered by Montana on the north, South Dakota and Nebraska on the east, Colorado and Utah on the south, and Utah, Idaho and Montana on the west. The land within these borders was first called Wyoming in 1865, when a member of the U.S. Congress from Ohio suggested that a new territory be carved from Dakota, Utah, and Idaho territories. 

The name Wyoming is a contraction of the Native American word mecheweamiing ("at the big plains"), and was first used by the Delaware people as a name for the Wyoming Valley in northeastern Pennsylvania. Wyoming is known as the Cowboy State and the Equality State. The latter recognizes Wyoming as the first state to specifically give women the right to vote, which it did as a territory in 1869 and retained upon entering the Union.

Wyoming became a territory in 1868 and entered the Union on July 10, 1890, as the 44th state. It has a wealth of mineral and agricultural resources, and mining and agriculture still play major roles in the state's economy. During the same period the state ranked 50th among the 50 states in population and 50th in manufacturing. 

"Wyoming," © 1993-2008 Microsoft Corporation. All Rights Reserved.


State Flag


Wyoming state flag courtesy of Wyoming Travel & Tourism

The Wyoming State Flag, designed by Mrs. A.C. Keyes of Casper (formerly Miss Verna Keays of Buffalo), was adopted by the fourteenth legislature on January 31, 1917.

The Great Seal of Wyoming is the heart of the flag. On the bison, once the monarch of the plains, is the seal representing the custom of branding. The colors of the State Flag are the same as those of the National Flag. The red border represents the Indian and the blood of the pioneers who gave their lives reclaiming the soil. White is the emblem of purity and uprightness. Blue, the color of the sky and mountains, is symbolic of fidelity, justice and virility. 

State of Wyoming, http://wyoming.gov/general/general.asp


State Flower: Indian Paintbrush


Indian Paintbrush courtesy of Wyoming Game & Fish Department

The Indian paintbrush, common name for any of a genus of annual, biennial, and perennial herbs, was adopted as the State Flower on January 31, 1917. The genus, which contains about 200 species, is native to the cooler portions of North and Central America and Asia, and to the Andes. Because Indian paintbrushes, also called painted cups, are parasitic on the roots of other plants, they have not been naturalized and have rarely been cultivated away from their native habitat. The plants have long, hairy, unbranched stems with alternate leaves. The uppermost leaves, or bracts, are brilliantly colored and much showier than the inconspicuous interspersed flowers. The flowers, which are borne in spikes, have a two-lobed calyx, a two-lobed corolla, four stamens, and a solitary pistil. The corolla, which is usually yellow, is encased within the calyx, and is usually indiscernible. The fruit is a two-celled capsule. The common painted cup is the State Flower of Wyoming. The calyx of this plant is greenish white, but the bracts are intense vermilion. The scarlet paintbrush is a common wild plant of the eastern United States. The common Indian paintbrush is a hardy herb found in Canada and in the mountainous regions of the northern United States from New England to the Rocky Mountains. Its calyx is greenish white tinted with purplish red. 

Scientific classification: Indian paintbrushes make up the genus Castilleja, of the family Scrophulariaceae. The common painted cup is classified as Castilleja linariaefolia, the scarlet paintbrush as Castilleja coccinea, and the common Indian paintbrush as Castilleja septentrionalis

"Indian Paintbrush," Microsoft ® Encarta ® Online Encyclopedia 2008 http://encarta.msn.com © 1997-2008 Microsoft Corporation. All Rights Reserved.


State Bird: Meadowlark


Meadowlark courtesy of Wyoming Game & Fish Department

Meadowlark is the common name for any of seven American bird species of a genus of the blackbird subfamily. The two North American species, the eastern and western meadowlarks, look very much alike but have different voices. Both are about 23 cm (about 9 in) long. They are brown streaked with black and buff above and bright yellow below, with a black crescent on the chest. They inhabit meadows and fields across the United States, their ranges overlapping in the middle west. They build domed nests hidden in the grass, where the females lay four to six white eggs, speckled with reddish brown. The range of the eastern meadowlark extends south to northern South America, where it meets the northernmost of five South American species, all characterized by having red rather than yellow breasts. Wyoming adopted the meadowlark as its State Bird on February 5, 1927.

Scientific classification: Meadowlarks make up the genus Sturnella of the subfamily Teterinae, family Emberizidae, order Passeriformes. The subfamily is sometimes considered a separate family, Icteridae. The eastern meadowlark is classified as Sturnella magna and the western meadowlark as Sturnella neglecta

"Meadowlark," Microsoft® Encarta® Online Encyclopedia 2008, http://encarta.msn.com © 1997-2008 Microsoft Corporation. All Rights Reserved.


State Tree: Cottonwood


Cottonwood courtesy of Wyoming Travel & Tourism

Cottonwood is the common name for several species of fast-growing, short-lived trees, members of the willow family. Cottonwoods are named for the cottonlike mass of hairs surrounding their seeds. They are related to poplars and aspens. 

Cottonwood trees may reach a height of 30 m (100 ft) or more and may have a trunk diameter up to 2.4 m (8 ft). The bark is rough, with deep fissures. Cottonwoods are fast growing but short-lived trees. They are easily propagated, and some are planted as ornamentals. The wood of cottonwoods is moderately soft and rather lightweight. It is used chiefly for boxes, crates, and the interior parts of furniture.

The plains cottonwood is a large tree of the Great Plains and eastern border of the Rocky Mountains, and its range extends north into Canada. It grows to 27 m (90 ft). This tree is a subspecies of the eastern cottonwood, but it has hairy buds and lighter yellow branchlets. Its coarsely toothed leaves are often broader than they are long and have glands at the base of the leaf blade. The cottonwood became Wyoming's State Tree on February 1, 1947. The statute declaring the cottonwood as our State Tree was then amended in 1961 to change the scientific name.

Scientific classification: Cottonwoods are members of the family Salicaceae. The cottonwood is classified as Populus deltoides variety monilifera.

"Cottonwood," Microsoft® Encarta® Online Encyclopedia 2008, http://encarta.msn.com © 1997-2008 Microsoft Corporation. All Rights Reserved. 


State Gemstone: Jade


Jade

Jade is a compact, opaque gemstone ranging in color from dark green to almost white. The term is applied to specimens cut from the minerals jadeite and nephrite. 

Wyoming's State Gemstone is of the nephrite variety and was adopted on January 25, 1967. Nephrite, a member of the amphibole group of minerals, is a silicate of calcium and magnesium, with a small amount of iron replacing part of the magnesium. It is a tough, compact variety of the mineral tremolite with a hardness of 6 to 6.5 and specific gravity 2.96 to 3.1. Polished nephrite has an oily luster.

"Jade," Microsoft® Encarta® Online Encyclopedia 2008, http://encarta.msn.com © 1997-2008 Microsoft Corporation. All Rights Reserved.


State Mammal: Bison


Bison and calf courtesy of Wyoming Travel & Tourism

The bison, adopted Wyoming's State Mammal on February 23, 1985, is the largest terrestrial animal in North America, where it is commonly called buffalo. The bison is characterized by a hump over the front shoulders; short, sharply pointed horns (in both sexes) curving outward and up from the sides of the massive head; and slimmer hindquarters. A mature bull of the North American bison is about 2 m (about 6.5 ft) high at the hump and 2.7 to 3.7 m (9 to 12 ft) long and weighs 850 to 1100 kg (1800 to 2400 lb); the female is smaller. The head, neck, forelegs, and front parts of the body have a thick coat of long, dark hair. The rear part of the body is covered with much shorter hair. The adult bull usually has a black beard about 30 cm (about 12 in) long. k beard about 30 cm (about 12 in) long.

Scientific classification: Bison belong to the family Bovidae. The plains bison is classified as Bison bison bison, the wood bison as Bison bison athabascae, and the European bison as Bison bonasus.

"Bison," Microsoft® Encarta® Online Encyclopedia 2008, http://encarta.msn.com © 1997-2008 Microsoft Corporation. All Rights Reserved.


State Fish: Cutthroat Trout


Cutthroat Trout courtesy of Wyoming Game & Fish Department

Cutthroat trout is a type of trout named for an orange mark behind the lower jaw. Cutthroat trout are adaptable fish with several subspecies, or stocks, that vary greatly in appearance and live in a variety of habitats. Inland cutthroat are freshwater fish, living in cool streams or lakes; coastal cutthroat migrate to sea after two to five years in freshwater. All cutthroat return to their native streams to lay their eggs, or spawn. 

Cutthroat are native to the western part of North America. Coastal cutthroat historically ranged from mid-Alaska to northern California. Inland cutthroat ranged from southern British Columbia and Alberta, Canada to New Mexico, and from eastern California to Colorado. Cutthroat have been transplanted widely and can now be found throughout North America.

The cutthroat trout became Wyoming's State Fish on February 18, 1987.

Scientific classification: The cutthroat trout is a member of the family Salmonidae in the Salmoniformes order. It is classified as Oncorhynchus clarki.

"Cutthroat Trout," Microsoft® Encarta® Online Encyclopedia 2008, http://encarta.msn.com © 1997-2008 Microsoft Corporation. All Rights Reserved.


State Fossil: Knightia


Knightia courtesy of Wyoming Travel & Tourism

Knightia is an extinct genus of fish well-known from abundant fossils found in the Green River Formation of Wyoming. They rarely exceeded 25 cm in length and are found throughout the formation. Knightia became Wyoming's State Fossil on February 18, 1987.

Knightia was a slender fish and seems to have been a secondary consumer, feeding mainly on ostracods, algal forms and diatoms, as well as some smaller fish. They were schooling fish, and because of this they are frequently found together in mass mortality layers. The tendency for individual fishes to cluster in groups was probably quite common. Modern forms of small fish are noted for schooling, and it is highly probable that the ancient types associated similarly.

"Knightia," Wikipedia, The Free Encyclopedia 2008, http://en.wikipedia.org All Rights Reserved.


State Reptile: Horned Toad


Horned Toad courtesy of Wyoming Travel & Tourism

The horned toad is a common name for a genus of short-tailed, short-legged lizards in the iguana family. They are called “horned” for the hornlike spines on the back of the head and sides of the body, and “toad” for their rounded, toadlike shape. Found mostly in dry regions of the western United States and Mexico, they are diurnal and can often be seen sitting motionless near ant mounds. Most species feed heavily on ants, but they will also eat other types of small insects and spiders. Their wide, flat bodies are about 8 to 13 cm (about 3 to 5 in) long. For defense, many species, including the coast horned lizard, can spray an intruder with blood from the corners of their eyes. The horned toad was adopted as the State Reptile on February 18, 1993.

Scientific classification: Horned lizards make up the genus Phrynosoma of the family Iguanidae. The coast horned lizard is classified as Phrynosoma coronatum and the Texas horned lizard as Phrynosoma cornutum.

"Horned Lizard," Microsoft® Encarta® Online Encyclopedia 2008, http://encarta.msn.com © 1997-2008 Microsoft Corporation. All Rights Reserved.


State Dinosaur: Triceratops


Triceratops courtesy of Wyoming Travel & Tourism

Wyoming's State Dinosaur, the triceratops is of the genus of four-legged, plant-eating dinosaurs that lived during the Cretaceous Period, more than 65 million years ago. Triceratops had three horns on its skull - one on its snout and one above each eye. The name is derived from the Greek words treis, "three"; kerat, "horn"; and ops, "face." Triceratops was one of the largest horned dinosaurs. The animal's other defining features include a beak and a neck shield, or frill. Triceratops belonged to a diverse group of ornithischian ("bird-hipped") dinosaurs called ceratopsians ("horn-face"), which populated North America and Asia toward the end of the age of dinosaurs. Many skulls have been recovered from sediments that floods deposited 67 million to 65 million years ago on low, coastal plains near a seaway that covered the interior of the United States and Canada.

The triceratops was adopted as the State Dinosaur on March 18, 1994.

"Triceratops," Microsoft® Encarta® Online Encyclopedia 2008, http://encarta.msn.com © 1997-2008 Microsoft Corporation. All Rights Reserved.


State Sport: Rodeo


Cheyenne Frontier Days Rodeo courtesy of Wyoming Travel & Tourism

Rodeo is a competitive sport in which riders display their skill in activities related directly or indirectly to livestock raising, such as riding and roping cattle and horses. The term "rodeo" comes from the Spanish word rodear (to surround) and originally meant "roundup." A rodeo usually comprises five standard events and may also include up to three nonstandard events, as well as a number of informal contests. Cash prizes are awarded. The sport is especially popular in the United States and Canada, and about 2,000 rodeos are held annually in those countries. Most major rodeos are under the jurisdiction of Professional Rodeo Cowboys Association, located in Colorado Springs, Colorado. The leading rodeos include Frontier Days, in Cheyenne, Wyoming; National Finals Rodeo, in Las Vegas, Nevada; National Western, in Denver, Colorado; Houston Livestock Show and Rodeo, in Houston, Texas; and Calgary Exhibition and Stampede, in Calgary, Alberta.

Wyoming adopted the rodeo as its State Sport during its legislative session in 2003.

"Rodeo," Microsoft® Encarta® Online Encyclopedia 2008, http://encarta.msn.com © 1997-2008 Microsoft Corporation. All Rights Reserved.


State Coin: Sacagawea Golden Dollar Coin


Sacagawea: Wyoming's State Coin courtesy of Lori Medina

Sacagawea was the Shoshone Indian who assisted the historic Lewis and Clark expedition. Between 1804 and1806, while still a teenager, she guided the adventurers from the Northern Great Plains to the Pacific Ocean and back. Her husband, Toussaint Charbonneau, and their son who was born during the trip, Jean Baptiste, also accompanied the group. 

Sacagawea knew several Indian languages, and being Shoshone, could help Lewis and Clark make contact with her people and acquire horses that were crucial to the success of the mission. Her contribution far exceeded anything Lewis and Clark had expected. She provided crucial knowledge of the topography of some of the most rugged country of North America and taught the explorers how to find edible roots and plants previously unknown to European-Americans.

Most crucially, Sacagawea and her infant served as a "white flag" of peace for the expedition, which was as much a military expedition as a scientific one. They entered potentially hostile territory well armed but undermanned compared to the Native American tribes they met. Because no war party was ever accompanied by a woman and infant, the response of the Native Americans was curiosity, not aggression.

Sacagawea died at the age of 25. Her grave is located in Lander, Wyoming.

In 2000, U.S. Senator Mike Enzi (R - Wyoming), a member of the Senate Banking Committee, nominated Sacagawea for the dollar coin. Wyoming named the Sacagawea Golden Coin its State Coin on March 2, 2004.

"Coins and Medals: Sacagawea Golden Coin," © 1998-2008. The United States Mint. All Rights Reserved.


State Grass: Western Wheatgrass


Western Wheatgrass

Western wheatgrass is a perennial and sod-forming grass, native to most parts of the United States except the humid southeast. It is a dominant species in the Central and Northern Great Plains. Plant growth is vigorous, reaching 2 to 3 feet in height. Leaves are up to 12 inches long, 0.25 inch wide, rather stiff and erect. The whole plant is covered with a grayish bloom. It thrives best on rather heavy soil, but is adapted to a wide range of soil types, including alkaline soil. Both as pasturage and when cut for hay while still succulent, it is relished by all classes of livestock. The plants are usually grown from seed, but spread from underground rhizomes to form dense sods. This is a very valuable grass, both for feed and for erosion control.

Scientific classification: Western wheatgrass is classified as Pascopyrum smithii.

Wyoming adopted the western wheatgrass as its State Grass on February 28, 2007.

"Western Wheatgrass," Purdue University, Magness, J.R., G.M. Markle, C.C. Compton. 1971. Food and feed crops of the United States. Interregional Research Project IR-4, IR Bul. 1 (Bul. 828 New Jersey Agr. Expt. Sta.), http://www.hort.purdue.edu/newcrop/crops/western_wheatgrass.html


State Butterfly: Sheridan's Green Hairstreak


Sheridan's Green Hairstreak

Sheridan's green hairstreak occurs widely across Wyoming in mountains and foothills, wherever its food-plant (sulphur flower) is found. The butterflies visit various wildflowers to feed on nectar. This butterfly flies from March to early June and is the earliest butterfly to emerge from a chrysalis in Wyoming. Like the robin in Wyoming and other states, this green butterfly is a symbol of the arrival of spring in Wyoming. Adults may be seen flying during the earliest warm days of spring, while snow is still melting nearby. It is a small butterfly, with wing spans averaging 2.2-2.9 cm (less than one inch). However, the bright green color of the underside of the wings is very distinctive, making the butterfly quite easy to identify. There is a line of white dots across the underside of the hind wing, which may join to form a nearly solid white line. The upper surface of the wings is dark gray, but when at rest the wings are folded over the back, exposing the green lower surfaces. 

Scientific classification: Sheridan's green hairstreak is classified as Callophrys sheridanii, one of four species of the genus Callophrys. It is a member of the family Lycaenidae. The name is derived from the Greek words kallos (beauty) and phryktos (beacon). Sheridan's green hairstreak is assigned to the subfamily Theclinae, commonly known as hairstreaks because many species have tiny hair-like tails off the tips of the hind wings. However, species of Callophrys have rounded hind wing margins without tails, so these are sometimes called tail-less hairstreaks.

Dr. Scott Shaw, Professor of Entomology and Insect Museum Curator, University of Wyoming, Laramie, WY.


State Code


Young cowboys courtesy of Wyoming Travel & Tourism

The code of the west, as derived from the book, Cowboy Ethics by James P. Owen, and summarized as follows, is the official state code of Wyoming. The code was adopted as Wyoming's State Code on March 3, 2010.

The code includes:

(i) Live each day with courage;

(ii) Take pride in your work;

(iii) Always finish what you start;

(iv) Do what has to be done;

(v) Be tough, but fair;

(vi) When you make a promise, keep it;

(vii) Ride for the brand;

(viii) Talk less, say more;

(ix) Remember that some things are not for sale;

(x) Know where to draw the line.


State Shrub


Sheridan's Green Hairstreak

The Wyoming Legislature adopted the Wyoming Big Sagebrush as the State Shrub on March 3, 2016. 

Artemisia tridentata, commonly called "big sagebrush", Great Basin sagebrush or "sagebrush," is an aromatic shrub from the family Asteraceae which grows in arid and semi-arid conditions, throughout a range of cold desert, steppe, and mountain habitats in the Intermountain West of North America. Sagebrush is not a desert plant, but rather an evergreen shrub, keeping some of its leaves year-round (although it loses many of them in the late summer). In particular, the Artemisia tridentate subsp. Wyomingensis ("Wyoming big sagebrush") is found in the drier portions of the sagebrush steppe , i.e. an ecoregion where the climate encountered in regions too dry to support a forest, but not dry enough to be a desert. 

Big Sagebrush is a coarse, many-branched, pale-grey shrub with yellow flowers and silvery-grey foliage. Big Sagebrush flowers in the late summer or early fall and the small, yellow flowers are in long, loosely arranged tubular clusters. The fruits are seed-like and have a small amount of hairs on the surface. Big Sagebrush can also reproduce through sprouts. Sagebrush provides food and habitat for a variety of animal species, such as sage grouse, pronghorn, gray vireo, pygmy rabbit, and mule deer. Sagebrush also creates habitat for many species of grasses and herbs. 

A deep taproot, coupled with laterally spreading roots near the surface, allows sagebrush to gather water from both surface precipitation and the water table several meters beneath. Big sagebrush that is over a meter tall is an indicator of arable land, because it prefers deep, basic soils. Sagebrush is generally long-lived once it makes it past the seedling stage, and can reach ages of over 100 years. 

Big Sagebrush has a strong pungent fragrance (especially when wet) due to the presence of camphor, terpenoids and other volatile oils. The taste is bitter and, together with the odor, serves to discourage browsing by many herbivores.

https://en.wikipedia.org/wiki/Artemisia_tridentata. Photo by Gary A. Monroe @ USDA-NRCS PLANTS Database

The Best (and Worst) States to Incorporate In

Which states have the best business tax climate for forming an LLC or corporation?

Deciding on the state in which to form your corporation or LLC is relatively easy if you will only be doing business in one state.

But the decision is much more complex if you plan to do business in multiple states or are considering incorporating in a state other than one in which you will be doing business. You will then want to see how the states under consideration compare in a number of areas.

When comparing which state to incorporate in, you should consider many factors such as:

Laws & regulations

Available workforce

Transportation

Education

Quality of life

Weather

Formation fees

Annual fees & filings

Legal & court system

Investors

Business tax climate


 

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To assist you in evaluating each state's business tax climate, we call your attention to the results of a study performed by the Tax Foundation - a nonpartisan tax research group based in Washington, D.C. that was founded in 1937. According to the Tax Foundation's 2018 State Business Tax Climate Index, here's how all 50 states stack up to each other in terms of business friendliness:


 

Here's a bit more info on the 10 best and 10 worst states for starting a corporation in 2018:

10 BEST STATES TO FORM AN LLC OR CORPORATION

1. Wyoming

As the highest-rated state in the nation for business tax friendliness yet again, Wyoming is one of handful of states with no income or corporate tax whatsoever. But while other states that do not tax income choose instead to tax sales heavily, Wyoming does not.


 

2. South Dakota

South Dakota has no corporate or individual income tax, helping it consistently rank in the number two spot year after year since 2015. The only major tax in the Mount Rushmore State that is above the national average is the state's property tax which averages 1.36%.


 

3. Alaska

Alaska's high total revenue per capita (mostly taken from oil and gas companies) is offset by no income taxes and no sales tax (the only state to do this), as well as a strong state economy. The downside is that America's Last Frontier has a higher than average unemployment rate.


 

4. Florida

The Sunshine State has no individual income tax, a relatively low flat corporate tax rate, and a number of tax deductions that allow nearly half of the state's businesses to avoid having to pay taxes altogether.


 

5. Nevada

A sizable chunk of the Nevada's revenue comes from taxes on gambling and high sales tax. In return, the Silver State doesn't collect any individual or corporate income taxes and is therefore one of the cheapest state to incorporate in.


 

6. Montana

Montana has one of the lowest property taxes in the entire country—0.87% of median home value—as well as has a flat corporate income tax, with all businesses paying 6.75% of all profits. The Treasure State does have a personal income tax, ranging from 1% (the 18th-lowest rate) to 6.9% (the 15th highest rate).


 

7. New Hampshire

New Hampshire is the only state other than Tennessee that restricts personal income taxes to just interest and dividends, ranking ninth in the nation for individual income policy and second for sales tax policy. However, the state has the third highest property tax rate of any state, at an average effective rate of 2.05%.


 

8. Utah

Unlike most of the high ranking states for their business climate, Utah does levy taxes in all major tax areas. However, the state received good marks because its taxes were not high in any particular area. Relatively low unemployment also helps boost the local economy. Businesses should also consider local taxes in addition to state sale tax, as local tax rates can tack on up to 3.0% extra.


 

9. Indiana

Since the passing of legislation adopted in 2011, Indiana has slowly increased on the Business Tax Index each year by lowering its corporate income tax rate. Further reductions are planned through 2022 with a schedule phase down to 4.9 percent. Indiana also ranks well on the index in property taxes, unemployment insurance, sales tax, and individual income tax.


 

10. Oregon

Oregon actually ranks low on the totem pole for its high corporate tax rate, individual income tax rate, and unemployment insurance rate. However, the state's lack of sales tax just barely pushes the Beaver State into the top ten.


 


 

10 WORST STATES TO INCORPORATE AN LLC OR CORPORATION

41. Rhode Island

Rhode Island is renowned for being one of the worst state for unemployment insurance taxes. This is especially problematic for business owners who must foot the bill for the state's unemployment insurance programs. However, sizable minimum rates on all unemployment insurance tax schedules led to the state improving on the Index, from 44th last year to 41st in 2018


 

42. Louisiana

The Pelican State has the highest combined average state and local sales tax rate in the country, coming it at 50th place and dropping it into the bottom ten overall. This high sales tax rate is due to a decrease in revenue and structural shortfalls. The combined state and local sales tax rate is now approaching 10 percent.  Louisiana has fallen consistently in the rankings year after year, from 34 in 2015 to 42 in 2018.


 

43. Maryland

Although several Fortune 500 companies call Maryland home, the “Old Line State” has a relatively high corporate tax rate which lowers its appeal to many businesses. Maryland also has one of the highest state sales tax rates in the U.S.


 

44. Connecticut

The “Constitution State” ranks at towards the bottom of the every business tax friendly scale except for its Unemployment Insurance Tax rate (which is nothing to boast about at 21st place). The high corporate taxes, sales taxes, and individual income taxes make Connecticut one of the hardest places to incorporate a business in according to the Tax Foundation.


 

45. Ohio

Although Ohio boasts one of the best corporate tax ratings in the country, the Buckeye State ranks near the bottom for it's combination of individual income tax, state sales tax, county tax, and speciality tax. Despite securing the number four spot for unemployment insurance tax and having a decent property tax rating, Ohio repeatedly ranks at the low end of the business tax friendliness scale.


 

46. Minnesota

Minnesota's corporate and individual income tax rates are higher than all but a few states, and it is one of just a handful of places across the country where lawmakers are seeking to further raise an already high sales tax rate in order to offset personal income taxes.


 

47. Vermont

Business owners running sole proprietorships and partnerships who pay taxes through individual income returns should know that the tax rate paid by Vermont's highest income bracket (those who earn over $413,350 per year) is especially high at 8.95%. This ranks as the sixth-highest in the U.S.


 

48. California

While California doesn't have a problem attracting large employers (Apple, Google, Hewlett-Packard, etc.), it is continually ranked lower than all other states except New York and new Jersey. On top of having the highest individual income tax in the nation, and the state is rated 32nd worst for its corporate tax policy. California dropped one place from last year due to local sales tax increases and a sizable increase in its cigarette tax.


 

49. New York

Although the Empire State actually ranks in the better half in terms of corporate tax policies, New York has the second worst business climate in the nation, according to the Tax Foundation. This is because it retains one of the worst individual income tax policies, burdensome unemployment, and high property taxes (often double the national average in many New York counties outside of NYC).


 

50. New Jersey

New Jersey again scored at or near the bottom in numerous major types of tax policies, including property taxes, individual income taxes, corporate tax, and state sales tax. The Garden State has taken last place every year since 2015.


 

Where Does Your State Rank?

State Business Tax Climate Index Table

WYOMING OVERALL RANKING

Overall Rank

Corporate Tax Rank

Individual Income Tax Rank

Sales Tax Rank

Unemployment Insurance Tax Rank

Property Tax Rank

Wyoming

1

1

1

6

33

34

Note: A rank of 1 is best, 50 is worst. Rankings do not average to the total. States without a tax rank equally as 1. D.C.'s score and rank do not affect other states. The report shows tax systems as of July 1, 2017 (the beginning of Fiscal Year 2017). Source: Tax Foundation

To read more about these results and how the study is conducted, visit the organization's web site at https://www.taxfoundation.org/


Simple & Straightforward Small Business Incorporation in All 50 States

While your state may not be the cheapest state to incorporate in, you may still find it more cost effective to incorporate there due to a variety of reasons. This is called home state incorporation.

MaxFilings assists entrepreneurs and businesses in all 50 states and the District of Columbia incorporate and satisfy the requirements for their state. Our online incorporation system is secure and user-friendly, and provides upfront pricing for your state and corporate structure. You can begin forming your corporation and come back later to finish.

Check out our incorporation blog for up-to-date news and tips for not only forming your corporation or LLC, but also keeping your company in good status with your particular state's authorities. And as always, please feel free to contact us with any questions or comments about your company's incorporation.

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Why incorporate in Wyoming?

Why incorporate in Wyoming

Wyoming is one of the most popular states to start your corporation or LLC. It’s being used by thousands of companies as their state, even if they don’t have there their real office or headquarters. And there are some good reasons why companies are choosing Wyoming as the state where they incorporate. Main advantages are the costs to run company there, Wyoming tax system, privacy of company owners, and great asset protection. Here is little more about each of these reason

Costs to incorporate in Wyoming

Wyoming is known for having one of the lower costs of running your business there across the whole USA. Not only you save a lot of money on the initial incorporation costs, but mainly the regular annual fees are much lower here than in other popular states like Nevada or Delaware.

With WyoCompany.com, the initial costs for Wyoming are just $169, compared to $283 in Nevada.

The Annual fees are just $65 in Wyoming, but they are $370-$670 in Nevada, and $240-$315 in Delaware. Below is table comparing annual costs in these states:

State INC Annual fees LLC annual fees
Wyoming under $60 Under $60
Delaware $240 $315
Nevada $670 $370

Taxes if you incorporate in Wyoming

If you incorporate in Wyoming, you can save fortune every year on taxes. The reason is simple:

State Corporate Income tax = 0 %

State Personal Income tax = 0 %

Franchise Tax = $0

Wyoming is 1 of only 9 states that have no income tax at all. In connection with the low fees, it makes it perfect for your company.

Privacy and anonymity of business owners in Wyoming

When filing to open business in Wyoming, you are not required to disclose any people involved in the entity. So anyone involved in the business will not be listed on a public database. For this reason Wyoming is also one of the best states for Asset Protection.

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Business Information & Rankings

Crime Rate

Wyoming has the 21st lowest overall crime ranking in the U.S. (FBI, 2004)

Fees & Taxes

Business Inventory Tax
Exempt.

Corporate Income Tax
The state of Wyoming, in addition to collecting no personal income taxes, collects no corporate income taxes as well.

Personal Income Tax
Wyoming levies no individual income taxes.

Personal Property Tax
Wyoming is one of the 38 states that collect property taxes at both the state and local levels. Personal property held for personal use is tax exempt. Inventory if held for resale, pollution control equipment, cash, accounts receivable, stocks and bonds are also exempt.

State Sales and Use Tax
Base Rate: 4.00%
Machinery Rate: 4.00%

Wyoming provides an exemption for the sale or lease of machinery to be used directly and predominantly in manufacturing tangible personal property.

Unemployment Insurance
Wyoming’s new employers pay the average industry rate for 3 years.

UNITED STATES STATISTICS: 
48 states and the District of Columbia have free web access to obtain a corporation's resident agent.

2 states still charge to get this information online (Indiana and New Jersey). 

Indiana, though, offers Registered Agent information free by telephone, thus needlessly tying up an employee. 

Only 1 state in the entire country, New Jersey, charges to get this public information, even by phone. New Jersey advised me that you can avoid their fee if you fly/drive to downtown Trenton, pay for parking, then go to the State Office Building.

Puerto Rico has not responded to numerous requests for information.


Who are the "Big Four" Registered Agents?

This page contains information about corporate registered agents for service of process.
#1 Wyoming Registered Agent - WyoBiz Corp Perks
#1 Registered Agent, LLC

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BEST REGISTERED AGENT
All that we do is submitted and performed with the understanding that we are not engaged in rendering legal, accounting or other professional service. If legal advice or other expert assistance is required, the services of a professional should be sought.  A partnership with Wyoming Registered Agents Association and RegisteredAgentsInc.

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