WY · Tax year 2026
LLC vs S-Corp in Wyoming. A localized number.
At $100,000 net profit with a $50,000 W-2 salary, the federal payroll tax delta is $7,680. Adjusted for Wyoming's $60 annual franchise/report fee, the estimated net modeled benefit (yr 1) is $7,620.
LLC Filing Fee
$100
one-time, Wyoming Secretary of State
Annual Franchise / Report
$60
recurring, every year
State Income Tax
No
no individual state-level income tax
Estimated Net Modeled Benefit (yr 1)
$7,620
federal delta minus the annual fee
01 · Wyoming model
Tune the inputs. Numbers update live.
Wyoming annual fee (deducted from savings)
$60
LLC
Federal payroll tax
$14,130
S-CORP
Federal payroll tax
$6,450
Estimated Net Modeled Benefit (yr 1)
$7,620
Federal SE tax saved (LLC vs S-Corp) minus Wyoming's $60 annual fee. The $100 filing fee is not included — it's a one-time setup cost. Income tax, QBI, health insurance, and retirement contributions are not modeled.
02 · Why Wyoming specifically
The state-level numbers that move the answer.
An S-Corp election only pencils out when the federal payroll tax saved outpaces the recurring cost of running a corporate entity. Wyomingcharges $60per year to keep your entity in good standing and does not layer an individual income tax on top of your pass-through income.
At the calculator's default $100K / $50K inputs, the federal delta ($7,680) is what an LLC owner gives up in self-employment tax on net profit. After the Wyoming annual fee, the estimated net modeled benefit is$7,620.
State-specific note: Wyoming has no state individual income tax and charges a $60 annual report fee for LLCs.
Localized formula
// Wyoming adjusted
llcTax = netProfit × 0.9235 × 0.153
scorpTax = salary × 0.153 − 1200
savings = llcTax − scorpTax − 60- LLC filing: one-time $100 to form the entity in Wyoming.
- Annual franchise / report: $60/yr to maintain good standing.
- State income tax: not assessed on individual income.