Do you own a business operating in the state of Wyoming? If so, you may need to acquire licenses and permits to ensure that your company operates in a compliant fashion.
But how do you determine which permits and licenses you need (if any), and where do you acquire them? In this guide to Wyoming business licenses and permits, we’ll answer all the tough questions about this process.
Are There Federal Licenses That My Business Needs?
First off, let’s discuss the matter of federal licenses and permits. There are many business activities that are regulated by various federal agencies, from agriculture to transportation and logistics. We recommend taking a look at the U.S. Small Business Administration’s guide to federal licenses and permits to make sure you’ve got your bases covered.
In addition, most businesses should acquire a federal tax ID number, also known as an EIN (employer identification number). This is essentially a social security number for your business, and it enables you to hire employees, pay business taxes, open business bank accounts, and more. You can acquire an EIN from the IRS for free.
What State-Level Licenses and Permits Apply in Wyoming?
The state of Wyoming does not have a general business license that applies statewide to every business entity, as some states do. However, depending on the nature of your business, there could be several licenses and/or permits that you may be required to obtain.
To determine which permits you need to operate a compliant business, we recommend that you consult Wyoming’s Business Permitting and Licensing Booklet. This resource will fill you in on all licenses and permits required in the state, including the numerous industry-specific licenses.
Occupational Licenses and Permits
The occupational licenses and permits required by the state of Wyoming vary widely, from land surveyors, dental hygienists, teachers, and many points in between. Depending on the exact nature of your business, you might need more than one of these permits.
Which Tax Registrations are Required for Wyoming Businesses?
In addition to occupational licenses and permits, there are a number of state-level tax registrations, which are based on the industry you operate in and which business structure your company uses.
Unlike most states, Wyoming does not have a corporate income tax or a personal income tax (the primary ways LLCs and corporations are taxed). However, businesses with a physical presence in the state must pay property tax and sales and use taxes.
There are also many industry-specific tax registrations in the state of Wyoming, including mineral taxes and liquor taxes. Thankfully, the Wyoming Department of Revenue lists all the forms you’ll need as well as information sheets about each tax.
Are There Local Licenses, Permits, or Registrations in Wyoming?
The answer to this question obviously depends on where in Wyoming you’re operating your business, but there are indeed quite a few licenses, permits, and tax registrations required by Wyoming localities.
If you have questions about local licensing, Wyoming recommends that you consult the Wyoming Association of Municipalities webpage. WAM has assembled a comprehensive list of contact information for each municipal office. From there, you can contact your local office to inquire about any licenses you’ll need in that area.
On a wider scale, though, some Wyoming counties require general business licenses or industry-specific licenses. For example, Laramie, Natrona, and Sweetwater all have licenses unique to the county. You’ll need to check out your county’s website for licensing requirements, or contact them directly.
If we were to break down the exact rules and regulations regarding permitting in every locality in the state of Wyoming, this article would become excessively lengthy. With that in mind, we’ll simply say that every business owner should check with their local government to determine whether there are licenses, permits, or tax registrations required to operate in compliant fashion.
Can I Hire Someone to Research Licenses and Permits for My Business?
If this process sounds like a bit of a hassle, that’s because it certainly can be. If you would rather hire a reputable business services provider to handle this for you, that is always an option.
Companies like Incfile can research the necessary licenses and permits for your company on the federal, state, county, and municipal levels. They will then send you the applications you need to acquire these permits and licenses, meaning all you need to do is fill them out and mail them in.
There is no one-size-fits-all answer for the question of which licenses and permits your business might require to operate in the state of Wyoming. Instead, it’s important that you know how to access the resources to determine which permits your company needs to operate in a compliant fashion.
We hope this article helped you to do just that, and we wish you good fortune in your business future!