Wyoming vs Delaware vs Nevada: Cost Comparison
Wyoming charges $60/year in annual fees compared to Delaware's $300/year minimum franchise tax and Nevada's $350/year business license fee. Wyoming offers the lowest ongoing costs for non-resident LLCs.
Non-residents compare Wyoming LLC costs against Delaware, Nevada, New Mexico, and Florida when choosing a state for US company formation. Delaware dominates the venture capital market but charges $300 minimum franchise tax annually regardless of business income. Nevada charges high formation fees ($425) plus an annual $350 business license fee.
Over a 5-year period, a Wyoming LLC costs $400 in state fees ($100 filing + 5 years × $60 annual report). A Delaware LLC costs $1,590 minimum ($90 filing + 5 years × $300 franchise tax). A Nevada LLC costs $2,175 ($425 filing + 5 years × $350 license). Wyoming saves non-residents $1,190 compared to Delaware and $1,775 compared to Nevada over 5 years.
Read the detailed comparison in Wyoming vs Delaware LLC and Wyoming vs Nevada LLC to understand when each state makes sense.
5-Year Total Cost Comparison by State
| State | Filing Fee | Annual Fee | 5-Year Total |
|---|
| Wyoming | $100 | $60/year | $400 |
| Delaware | $90 | $300/year | $1,590 |
| Nevada | $425 | $350/year | $2,175 |
| New Mexico | $50 | $0 | $50 |
| Florida | $125 | $139/year | $820 |
Note: New Mexico offers the lowest 5-year cost at $50 total but requires LLC member names to appear in public records. Wyoming provides member privacy (names not in public records) at only $350 more over 5 years. Most non-residents choose Wyoming for the combination of low cost and privacy protection.
How Is the Annual Fee Calculated for Larger LLCs?
LLCs with Wyoming assets exceeding $300,000 pay additional fees at a rate of $0.0002 per dollar above the threshold. Most non-resident LLCs with no Wyoming-based assets pay only the $60 minimum annual fee regardless of total business revenue.
Wyoming uses a tiered fee structure. The calculation starts with the $60 base fee for the first $300,000 in assets. Assets exceeding $300,000 incur additional fees at $0.0002 per dollar, which equals $0.20 per $1,000 of excess assets. Only assets physically located in Wyoming count toward this calculation—inventory in other states, digital assets, and foreign-held property are excluded.
Annual Fee Calculation Examples
| Wyoming Assets | Calculation Formula | Total Annual Fee |
|---|
| $0 – $300,000 | $60 minimum | $60 |
| $400,000 | $60 + ($100,000 × $0.0002) | $80 |
| $500,000 | $60 + ($200,000 × $0.0002) | $100 |
| $1,000,000 | $60 + ($700,000 × $0.0002) | $200 |
Non-resident note: If your LLC has no physical assets in Wyoming (no office, no inventory, no equipment), your annual fee remains $60 regardless of your LLC's total revenue or assets held in other states or countries. The $60 minimum has remained unchanged since 2010.
What Payment Methods Does Wyoming Accept?
| Payment Method | Processing Time | Best For |
|---|
| Credit/debit card online | Immediate | Most filers (recommended) |
| Wire transfer | 2–3 business days | International filers |
| Check by mail | 5–10 business days | Those without credit cards |
| Money order by mail | 5–10 business days | Secure mail payment |
What Non-Residents Say
Non-residents from countries worldwide have formed Wyoming LLCs through WyomingLLC.co. Here's why they chose Wyoming over other states:
"I compared Wyoming vs Delaware and the math was clear. Wyoming saves me $240 every year in annual fees. Over 5 years, that's $1,200 in savings."
— Ahmed K., E-commerce Business, UAE
"The $297 flat fee from WyomingLLC.co included everything. No surprise charges, no upsells. I got my EIN in 3 weeks and my Mercury account approved immediately."
— Maria S., SaaS Founder, Brazil
"I tried the DIY route first. Saved $100 but spent 20+ hours figuring out the EIN process and bank requirements. The $297 service was worth every penny for the time saved."
— James L., Consultant, UK
"$85/year ongoing cost is incredibly low. I've had my Wyoming LLC for 3 years now. Total cost is still less than one year of Delaware franchise tax."
— Priya M., Digital Agency Owner, India
Frequently Asked Questions
How much does a Wyoming LLC cost for non-residents?
A Wyoming LLC costs $100 for the state filing fee plus $60/year for the annual report. Registered agent services cost $25-$100/year. The total first-year cost for a non-resident ranges from $185 (DIY with budget registered agent) to $297 (WyomingLLC.co flat fee including everything).
What is the Wyoming state filing fee?
The Wyoming state filing fee is $100 one-time, paid when filing Articles of Organization with the Wyoming Secretary of State. This fee is mandatory and non-refundable. Wyoming processes online filings in 1-3 business days.
What is the Wyoming annual report fee?
The Wyoming annual report fee is $60 per year for LLCs with assets of $300,000 or less. The report is due on the first day of the month in which the LLC was formed. Late filing incurs a $50 penalty.
How much does an EIN cost?
An EIN is free from the IRS. The IRS charges no fee for EIN applications submitted by fax or mail using Form SS-4. Formation services charge $50-$200 to prepare and submit the EIN application on behalf of non-residents.
What are the Year 2 and ongoing costs for a Wyoming LLC?
Year 2 and beyond cost $85 per year total: $60 Wyoming Annual Report + $25 Registered Agent Renewal. WyomingLLC.co charges $85/year for annual report and registered agent renewal after the first year.
How does Wyoming LLC cost compare to Delaware?
Wyoming costs $60/year in annual fees. Delaware costs $300/year minimum franchise tax. Over 5 years, Wyoming saves non-residents $1,190 compared to Delaware while offering similar asset protection and better privacy.
Are there any hidden fees to watch for?
Watch for formation services that advertise low prices but add mandatory upsells for EIN filing, operating agreements, or registered agent service. Some services charge $50-$100 extra for "expedited" filing that Wyoming processes in 1-3 days anyway.
What payment methods does Wyoming accept?
The Wyoming Secretary of State accepts credit cards (Visa, Mastercard, American Express, Discover), debit cards, checks, money orders, and wire transfers for LLC filings. Online filings use credit/debit card payment.
What Non-Residents Say
Non-residents from countries worldwide have formed Wyoming LLCs through WyomingLLC.co. Here's why they chose Wyoming over other states:
"I compared Wyoming vs Delaware and the math was clear. Wyoming saves me $240 every year in annual fees. Over 5 years, that's $1,200 in savings."
— Ahmed K., E-commerce Business, UAE
"The $297 flat fee from WyomingLLC.co included everything. No surprise charges, no upsells. I got my EIN in 3 weeks and my Mercury account approved immediately."
— Maria S., SaaS Founder, Brazil
"I tried the DIY route first. Saved $100 but spent 20+ hours figuring out the EIN process and bank requirements. The $297 service was worth every penny for the time saved."
— James L., Consultant, UK
"$85/year ongoing cost is incredibly low. I've had my Wyoming LLC for 3 years now. Total cost is still less than one year of Delaware franchise tax."
— Priya M., Digital Agency Owner, India