Incorporate
Form your Wyoming close corporation.
The protections of a corporation with simplified, flexible governance, built for family-owned and closely held businesses with a limited number of shareholders.
Wyoming close corporation formation
$1,495 one-time
includes first-year state filing fees · expedite to one business day for $50
What’s included in your Wyoming close corporation package
The C corporation is the standard (or default) corporation under IRS rules. An S corporation is a corporation that has elected a special tax status with the IRS, and therefore has some tax advantages. Both take their names from the parts of the Internal Revenue Code they are taxed under, C corporations under Subchapter C, S corporations under Subchapter S. To elect S-corporation status when forming, Form 2553 must be filed with the IRS and all S-corporation guidelines met.
A close corporation can dispense with some of the formalities a standard corporation requires, such as a formal board of directors and certain annual meetings, which is why closely held and family businesses often prefer it.
Standard formation package
- All state formation filing fees for the first year
- Corporate name availability check
- Certified Articles of Incorporation
- All paperwork filed with the state
- Digital binder with bylaws, first-meeting minutes, and resolutions
Add the deluxe corporate binder
Prefer a physical corporate kit? Add our deluxe binder, embossed with your company name, which also includes:
Deluxe corporate binder
- Engraved corporate hand-press seal with pouch
- 20 pre-printed stock certificates
- Corporate by-laws
- Minutes for the first board of directors meeting
- Stock transfer register
- EIN application and instructions (Form SS-4)
- Free ground shipping within the U.S.
Price and time frame
Our standard service completes your formation in about five working days, including all filing with the state, then a few more days to receive documents back from the state and mail your kit, if ordered. Need it faster? We can expedite and complete your filing within one business day for just $50.
To elect S-corporation status, Form 2553 must be filed with the IRS. We offer one-day Form 2553 filing service for $50.
One-time cost
$1,495 one-time for the standard package, first-year state filing fees included. Expedited (one business day) is $1,545.
What you’ll also need
Every Wyoming close corporation must continuously maintain a Wyoming registered agent, a real presence in the state to receive legal and government mail, and keep up with annual filings to stay in good standing. We provide registered agent service and a corporate compliance program so nothing lapses, all handled by the same team.
Forming this entity for asset protection?
Limited liability is a strong first layer, but comprehensive asset protection usually means pairing your entity with trusts and a multi-entity structure, and that is legal work. Tresp Corporate Services, LLC works in tandem with the independent law firm of Tresp, Day & Associates, Inc. We handle the corporate formation and compliance; their attorneys handle the legal strategy. Tresp Corporate Services is a separate company and does not provide legal advice.
Why form in Wyoming
Wyoming has ranked as the most business-friendly tax climate in the country for years: no corporate income tax, no personal income tax, no franchise tax, low annual fees, and no public listing of members, managers, or shareholders. It is why founders around the world, including non-residents, choose Wyoming. Not a U.S. citizen? See forming a company as a non-citizen.
Ready to form your Wyoming close corporation?
Set up within days, or one business day expedited. Questions first? Call us, we’re a real office.
Common questions
Frequently asked
What is a close corporation?
A close corporation is a corporation designed for a small, limited number of shareholders (in Wyoming, typically up to 35). It provides the liability protection of a corporation but allows simplified governance, often without a formal board or certain required meetings, which suits family-owned and closely held businesses.
How many shareholders can a Wyoming close corporation have?
A Wyoming close corporation is generally limited to about 35 shareholders. If you expect to raise capital from many investors or go public, a standard corporation is usually the better fit, we can help you decide.
How long does formation take and what does it cost?
$1,495 one-time, including all first-year state filing fees, with standard formation in about five working days. Expedited service completes the filing within one business day for an additional $50.
Does a close corporation still need a registered agent and annual filings?
Yes. Like any Wyoming entity, a close corporation must maintain a registered agent in the state and file its annual report to stay in good standing. We handle both through our registered agent and compliance services.
Tresp Corporate Services, LLC provides corporate, registered-agent, and compliance services and does not provide legal advice. For legal matters, we work in tandem with the independent law firm Tresp, Day & Associates, Inc. This page is general information only.
Ready to form or move your company?
Tell us what you need and we’ll take it from there, most clients are set up within a day.