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Go west! The call of the open space of the western U.S. has lured entrepreneurs since this country’s founding. Today, the best business to start in Wyoming is one that draws on both your personal skills and local business trends.
So, what are the best businesses to start in Wyoming? Today’s discussion will attempt to answer that question and get you thinking about what type of company you’d like to launch. And once you’re ready to put the pedal to the metal, our Wyoming startup business resources can get help you get started quickly!
Wyoming doesn’t have a business income tax, making it a very attractive place to open a small company. The best business to start in Wyoming might be something you’re passionate about or something that fills a need in your area. Below are 7 types of good business ideas in Wyoming that can be profitable.
The short-term rental industry is booming. Wyoming is one of the most beautiful, scenic states in the nation with wide-open spaces and scenic national parks, so it attracts many visitors. No matter where you’re located in the state, the best place to start a business in Wyoming can be right where you are! Just be sure to check state and local tax and zoning laws before listing your property for rent on popular websites.
Wyoming boasts the largest trona industry in the U.S. Trona is a mineral used in manufacturing glass and other major commercial items. If you’ve got manufacturing equipment and talent, it might be wise to take advantage of Wyoming’s plentiful resources. While this business idea isn’t for everyone, it could be the best business to start in Wyoming if you’ve got a background in manufacturing.
From Old Faithful to the Grand Tetons, Wyoming is chock full of tourist hot spots. Why not claim a piece of Wyoming’s booming tourism industry for yourself? Some great business ideas in Wyoming could include providing customized national park tours, depending on your interest, location, and expertise.
The internet economy is booming. You could offer online content marketing to businesses around the world, and you can do it all from the comfort of your own home. With a little computer expertise and a fast internet connection, this could be one of many good businesses to start in Wyoming.
Manufacturing paper products is an important part of Wyoming’s economy. The resources provided by Wyoming’s trona mines and soda ash refining industry make the state ideal for paper products manufacturers. If you’ve got the expertise to make paper, whether as an artisan or a larger-scale producer, Wyoming’s ample resources can make this a great venture to pursue.
A specialized license can put you on the path to starting a lucrative company. Many types of services require licensing, including hairdressing, physical training, teaching aerobics, psychotherapy — the list goes on and on. Just make sure to identify the best place to start a business in Wyoming, since you don’t want to open your personal training studio in a small town that already has 10 gyms.
You can also protect yourself as a professional business owner by starting your business as a professional corporation.
Home improvement is a highly profitable industry in Wyoming and beyond. In fact, Americans are projected to spend over $600 billion on home improvements by the end of 2025. If you’re handy, getting into the home improvement business may be the best small business to start in Wyoming. However, you may need to obtain your general contractor’s license, other professional licenses, or certain permits before you can begin.
With the help of our partners at Avalara, we offer a Business License Report Service that can tell you what licenses and permits you need to obtain to operate your home improvement company.
These are good businesses to start in Wyoming because:
Just remember, the best business to start in Wyoming draws on your own expertise. The most successful Wyoming businesses capitalize on a founder’s passion and unique talents.
The best place to start a business in Wyoming depends upon a number of factors. Some of the most popular places include:
Each city and county has unique benefits and attractions. Check to see which area might be right for you and your business.
Choosing a business entity is the first big decision you’ll make for your Wyoming business. Whether you want to start a limited liability company (LLC) or corporation with your new business idea, we make it easy to compare business structures. Additionally, our Wyoming LLC and Wyoming Corporate Formation Services are renowned for helping you get your entity formed fast. We also offer a comprehensive suite of business services to help you grow your company into a success.
We help take care of the paperwork so you can get to work faster. And once your business is off the ground, we can help you keep it legally compliant with our Worry-Free Compliance Service. And we’re not just here for the big business events that come up a handful of times in the year, either. Our award-winning catalog of business support services can help you manage your invoices, find business inspiration, and organize your important documents.
Disclaimer: The content on this page is for informational purposes only, and does not constitute legal, tax, or accounting advice. If you have specific questions about any of these topics, seek the counsel of a licensed professional.
Wyoming is one of the most business-friendly states in the nation. With no corporate taxation, Wyoming is attractive to businesses from high-tech manufacturing and mining to ranching and everything in between.
Many Wyoming business owners grow their companies by researching their markets. Many also take advantage of the business resources and opportunities available in the state or offered by Wyoming state and local governments.
There are many franchise opportunities available in Wyoming in various industries. Make sure to do your research before committing to a franchise.
The best online business to start depends largely on your skills and resources, just the same as any brick-and-mortar company. However, a business owner can find a lot of success with online sales.
There are many choices when you want to work from home. Online sales and certain food services can be great options for a home-based business.
Most Profitable Small Business Ideas
Ready to start a business? More leading business idea's listed by state.