When you sell a business in Wyoming, the state takes nothing from the gain: Wyoming has no individual income tax, as of 2025. Most non-competes in contracts made from 1 July 2025 are void, but one in a contract to buy or sell a business still stands.
Wyoming is among the eight states with the fewest employer businesses. The state takes none of the gain. Expect a licensed broker.
Tax on the gain: No state income tax.
Today
Where you stand
The elements this touches
The deal team on what changes when you sell a business in Wyoming.
Before the letter of intent
What Wyoming takes
No individual income tax, so no state tax on the gain, and no estate or inheritance tax either.
No state income tax.
A founder on film
On what he learned about tax on the way to the sale.
Lewis Titus Wastewater purification and manufacturing · Wyoming
Wyoming is one of eight states with no individual income tax in 2025, so a founder's gain on a sale carries no state tax.
Wyoming is not among the 12 states with an estate tax or the five with an inheritance tax in 2025.
The rate is the state's top rate on the gain for the year shown, the same figure as the indicator in the hero, so the two can never disagree.
The elements this touches
Under contract and at closing
The rules of the sale
In contracts made from 1 July 2025 most worker non-competes are void, but a covenant in a contract to buy or sell a business still stands.
Senate File 107, signed 19 March 2025, voids most covenants not to compete in contracts entered into on or after 1 July 2025; earlier contracts are untouched.
Littler, 2025
The ban does not reach a non-compete in a contract to buy or sell a business or its assets, covenants with executive and management personnel, or covenants protecting trade secrets.
Littler, 2025
The elements this touches
One thing you would not guess
Wyoming had no non-compete statute at all until 2025, and its Supreme Court had already ruled in 2022 that a judge cannot trim an overbroad covenant to save it.
SF 107 is the first Wyoming statute on non-competes; before it the only limits were court-made tests of writing, consideration, reasonable scope, and public policy.
In 2022 the Wyoming Supreme Court barred blue-pencilling, so a court cannot narrow an unreasonable non-compete; that rule still governs pre-July-2025 contracts and the surviving exceptions.
When the process opens
Who buys
A state agency helps finance the buyer of a Wyoming business: the Business Council lends alongside a bank to cover the goodwill part of a purchase, so companies stay in Wyoming after a sale.
The Wyoming Business Council Succession Loan, under W.S. 9-12-301, funds the unsecured goodwill portion of buying a Wyoming business at least seven years old, in participation with a bank.
Wyoming Business Council
The Council takes up to $500,000 or half the loan, whichever is less, for up to ten years at 4 percent to prime plus 2, with a 1 percent fee.
Wyoming Business Council, 2026
The bank sets terms first and services the loan, and the Council board approves each deal; buyers are told to name the program before the bank quotes ordinary terms.
Wyoming Business Council
The elements this touches
Day 0, and the years after
After the close
Wyoming pairs no income tax with self-settled asset protection trusts, multi-generation dynasty trusts, no trust registration, and private LLC ownership, which is why trust companies cluster in Jackson Hole.
A Wyoming asset protection trust shields assets from future creditors while the settlor stays a discretionary beneficiary and can act as trust adviser.
WealthWyoming dynasty trusts are drafted to run for generations, keeping gifted assets and their growth outside estate tax; trusts need no state registration, and LLC owners stay private.
WealthWyoming incomplete gift trusts move assets into a Wyoming trust without a completed gift, a structure trust companies market to owners of private company shares ahead of a liquidity event.
WealthPost-exit planning is the third act of the same engagement, done with outside experts, and it starts before the letter of intent, when a move or a trust can still change the answer.
FNDRSThe elements this touches
People who walked it
Founders
From founders elsewhere
No founder in Wyoming is quoted yet. These are founders in other states, quoted word for word, each described by role and state.
“I definitely don't think we'd be in the same spot without you guys.”
Founders in Wyoming
Short testimonials from owners who went through the FNDRS process. Most are under two minutes.
Nearby
| West | Tax on the gain | Complexity | Deal volume |
|---|---|---|---|
| Alaska | None 2025 | Very low | Very low |
| Arizona | 2.5% 2025 | Medium | High |
| California | 13.3% 2025 | Medium | Very high |
| Colorado | 4.4% 2025 | Low | Medium |
| Hawaii | 7.25% 2025 | Medium | Low |
| Idaho | 5.3% 2025 | Medium | Low |
| Montana | 4.1% 2025 | Low | Very low |
| Nevada | None 2025 | Medium | Low |
| New Mexico | 5.9% 2025 | Medium | Low |
| Oregon | 9.9% 2025 | High | Medium |
| Utah | 4.5% 2025 | Medium | Medium |
| Washington | 9.9% 2025 | High | High |
Your next step
Know where you stand in fifteen minutes, or talk the Wyoming sale through with a dealmaker. Either way, no pitch and no obligation.
No pitch and no obligation. If the honest answer is not yet, we will say so, and say what to work on.