Wyoming law
Business Laws in Wyoming.
Wyoming is nationally distinctive for its business-entity laws. Wyoming enacted the first modern U.S. Limited Liability Company statute in 1977 (Wyo. Stat. § 17-29), serving as the model for LLC statutes nationwide. Wyoming has continued to innovate — authorizing the Wyoming Close Corporation Supplement (Wyo. Stat. § 17-17), Series LLCs, the Wyoming Decentralized Autonomous Organization (DAO) Supplement (Wyo. Stat. § 17-31, 2021 — first in U.S.), and a Special Purpose Depository Institution (SPDI) bank charter (2019 — first U.S. "crypto bank" charter).
Last verified: 2026-04-20
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State law
Key Wyoming Statutes
Wyoming's LLC statute — Wyoming enacted the first modern U.S. LLC law in 1977. The statute is distinctive for its flexibility and privacy (members/managers not required to be disclosed publicly).
Wyoming's business-corporation statute — governs formation, shareholders, directors, mergers, and dissolution.
Wyoming's 2021 DAO LLC supplement — the first U.S. law recognizing Decentralized Autonomous Organizations as a form of LLC. A landmark blockchain-industry statute.
Wyoming's 2019 digital-asset statute — classifies cryptocurrencies and other digital assets as intangible personal property and authorizes banks to provide custody services.
State law
Official Sources
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This page summarizes publicly available statutes and rules for informational purposes only. It does not constitute legal advice, and no attorney-client relationship is created by viewing this content. Laws change — always verify with the primary source or consult a licensed attorney in Wyoming.
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