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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

State law

Key Wyoming Statutes

Wyoming Limited Liability Company ActWyo. Stat. § 17-29

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 Business Corporation ActWyo. Stat. § 17-16

Wyoming's business-corporation statute — governs formation, shareholders, directors, mergers, and dissolution.

Wyoming Decentralized Autonomous Organization (DAO) SupplementWyo. Stat. § 17-31

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 Digital Asset StatuteWyo. Stat. §§ 34-29-101 to 34-29-106

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

Not Legal Advice

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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