Wyoming

Company Incorporation

For iGaming startups, Wyoming’s tax savings, privacy protections, and straightforward incorporation process make it a prime location. MGL offers tailored services to simplify incorporation, manage compliance, and handle ongoing legal and administrative needs.

Registration time

1-2 days

Regulatory Requirements

Simplified

Tax policy

Favorable

Minimum capital

Not required

Trustpilot

All Reviews

Advantages of Registering a Company in Wyomingwith MGL

Privacy and Confidentiality

Wyoming offers unparalleled privacy protections for business owners. LLCs in the state are not required to disclose member names, addresses, or ownership percentages in public filings. By using registered agent services, businesses can maintain a local legal address while keeping ownership details private - an important feature for international iGaming operators.

Tax Benefits

Wyoming’s tax structure is another major draw for iGaming companies. The state imposes no corporate, personal, or franchise taxes, offering a distinct edge over traditional incorporation hubs like Delaware or Nevada. Additionally, Wyoming has one of the lowest sales tax rates in the US at 4%, with only minimal additions from local counties. For iGaming businesses dealing in digital services, the tax treatment of intangible assets adds further appeal.

Business-Friendly Environment

Wyoming’s minimal formalities mean businesses can skip annual meetings, board resolutions, and other cumbersome governance requirements. This allows iGaming companies to focus on scaling their operations without getting bogged down in administrative tasks.

How we work

Step 1. Initial Consultation

We start with a consultation to understand your business needs, license category you plan to obtain, and objectives.

Step 2. Document Preparation

Step 2. Document PreparationWe support you in gathering and preparing all necessary documents for your future company. You need to provide only your personal identification and supporting documents.

Step 3. Get Your Registered Company

We submit the documents to the registration office and follow the process closely.

Steps to Incorporation in Wyoming

Setting up your iGaming business in Wyoming involves a series of steps to ensure it's legally recognised and ready to operate. Each step requires attention to detail to comply with state regulations and set a solid foundation for your business.

Step 1: Choose and Verify Your Business Name

Start by selecting a business name that complies with Wyoming's naming rules. For example, LLC names must include "Limited Liability Company" or "LLC", while corporations should feature "Corporation" or "Inc." Once you've chosen a name, check its availability using the Wyoming Secretary of State's database to ensure it isn't already in use. Aim for a name that conveys professionalism and modern appeal. This step is essential for a smooth registration process and aligns with Wyoming's straightforward filing system.

Step 2: Appoint a Registered Agent and File Articles

Every Wyoming business must designate a registered agent with a physical address in the state to handle legal documents. Next, you'll file either the Articles of Organisation (for LLCs) or Articles of Incorporation (for corporations) with the Wyoming Secretary of State. This filing officially establishes your business and requires details like the business name and registered agent information. You’ll also need to define a broad purpose for your business. Once your filing is approved, you'll receive a certification confirming your business's legal formation. This step is crucial for securing your business's identity and governance structure.

Step 3: Obtain an EIN and Draft Internal Governance Documents

An Employer Identification Number (EIN) from the Internal Revenue Service is necessary for tax purposes and setting up a business bank account. The application process is simple and can be completed online. While not legally required, drafting an Operating Agreement (for LLCs) or Corporate Bylaws (for corporations) is highly recommended. These documents outline key details like member roles, profit sharing, decision-making protocols, and procedures for membership changes. They also help maintain a clear separation between personal and business liabilities, making banking and daily operations more straightforward.

Fighting with U.S. regulators?

MGL helps you launch without the hassle outside the USA.

Let’s discuss my project

Message us.

Fighting with U.S. regulators?

MGL helps you launch without the hassle outside the USA.

Let’s discuss my project

Message us.

Fighting with U.S. regulators?

MGL helps you launch without the hassle outside the USA.

Let’s discuss my project

Message us.

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Types of Entity in Wyoming

Wyoming provides a range of business structures tailored to meet the specific needs of iGaming companies. These options address the unique regulatory, tax, and operational requirements of the industry, offering flexibility and protection for businesses venturing into this market.

Limited Liability Company (LLC)

The Limited Liability Company (LLC) is a top choice for iGaming businesses in Wyoming. This structure blends the liability protection of a corporation with the tax advantages and operational ease of a partnership. Wyoming LLCs benefit from pass-through taxation, which means profits are taxed only once at the individual level, and personal assets are shielded from business liabilities.

Wyoming's LLC laws are particularly strong when it comes to asset protection. Members enjoy robust charging order protection, making it difficult for creditors to access LLC assets to settle personal debts of its members. This makes Wyoming an attractive option for entrepreneurs looking for security and peace of mind.

Another standout feature is the flexibility in management. LLCs in Wyoming can be either member-managed or manager-managed, without the need for complex board structures. Additionally, profits can be distributed in ways that don't align strictly with ownership percentages, allowing for strategic tax planning.

Single-member LLCs are also permitted, making this structure a great fit for solo iGaming entrepreneurs. There's no minimum capital requirement, ensuring accessibility for startups. For those seeking more formal governance, corporations may be a better fit.

Corporation (C-Corp or S-Corp)

Corporations are ideal for larger iGaming businesses or those looking to raise significant capital. Wyoming corporations can choose between two tax classifications: C-Corporation or S-Corporation, depending on their business goals.

C-Corporations are particularly attractive to investors, as they can issue multiple classes of stock. This makes them a preferred choice for venture capitalists and angel investors who often seek preferred shares.
S-Corporations, on the other hand, offer pass-through taxation while retaining the corporate structure. This option works well for iGaming companies with domestic ownership, though it comes with limitations, such as a maximum of 100 shareholders, all of whom must be U.S. citizens or residents. Owners working in the business are required to pay themselves reasonable salaries, which can result in self-employment tax savings.

Wyoming corporations also benefit from strong protections for directors and officers, shielding them from personal liability for decisions made in good faith. Additionally, the state allows corporations to indemnify directors and officers for legal expenses, adding another layer of security.

However, corporations do come with more extensive compliance requirements compared to LLCs. These include holding regular board meetings, maintaining detailed records, and passing corporate resolutions. For iGaming businesses managing multiple brands, Series LLCs may offer a more streamlined alternative.

Series LLC

The Series LLC is a unique option, especially appealing to iGaming companies managing multiple brands, games, or market segments. This structure allows the creation of separate "series" within a single LLC, each with its own assets, liabilities, and business purpose, while sharing the overarching LLC framework.

Each series operates independently, meaning liabilities from one series typically don’t affect the others or the main LLC. For iGaming operators running multiple casino brands or targeting various markets, this setup provides built-in asset protection and operational flexibility.

The cost structure is also efficient. All series share the same $100 formation fee and $60 annual fee. Instead of forming separate LLCs for each business line - which would require multiple filing fees and additional administrative work - businesses can create new series without incurring extra state fees.

This structure is particularly beneficial for international iGaming companies expanding into different regions. Each series can hold its own gaming licence, comply with specific regulatory frameworks, and maintain separate financial records, all while enjoying centralised management and reduced administrative overhead.

That said, Series LLCs are relatively new, and not all states recognise the liability separation between series. Despite this, they remain a compelling option for sophisticated iGaming operations seeking flexibility and cost efficiency.

Other Registration Offers

Nevada

Nevada's regulatory framework, shaped by its casino history, provides a reliable foundation for online gaming businesses. Whether you choose a corporation, LLC, or partnership, MGL ensures smooth incorporation and ongoing compliance, so you can focus on growing your venture.

Wyoming Company Incorporation

Table of contents

Advantages of Registering a Company in Wyomingwith MGL

Privacy and Confidentiality

Tax Benefits

Business-Friendly Environment

How we work

Step 1. Initial Consultation

Step 2. Document Preparation

Step 3. Get Your Registered Company

Steps to Incorporation in Wyoming

Step 1: Choose and Verify Your Business Name

Step 2: Appoint a Registered Agent and File Articles

Step 3: Obtain an EIN and Draft Internal Governance Documents

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Types of Entity in Wyoming

Limited Liability Company (LLC)

Corporation (C-Corp or S-Corp)

Series LLC

Other Registration Offers

FAQ about WyomingCompany Incorporation

How much does it cost to incorporate in Wyoming?

How do I start a corporation in Wyoming?

Why do companies incorporate in Wyoming?

What is the disadvantage of an LLC in Wyoming?

Can I open an LLC in Wyoming without living there?

Thank you

Wyoming

Company Incorporation

Types of Entity in Wyoming