LLC Formation
Wyoming vs Delaware vs Florida
The right state depends on where you live, whether you'll raise capital, and how much privacy you want. Here's a side-by-side on the numbers that actually matter.
| Feature | Wyoming | Delaware | Florida |
|---|---|---|---|
| Filing fee | $100 | $110 | $125 |
| Annual report / renewal | $60 | $300 franchise tax | $138.75 |
| Franchise tax | None | $300 flat | None |
| State income tax (LLC) | None | None (out-of-state income) | None |
| Member privacy | |||
| Registered agent required | |||
| Popular with foreign founders | |||
| Preferred by VCs | |||
| Best for solo/small biz |
Fees current as of 2026. State fees change annually — verify with the Secretary of State before filing.
The bottom line
Wyoming
Foreign founders, solo operators, holding companies — lowest total cost of ownership and strong privacy.
Delaware
Startups planning to raise VC or issue shares — court system (Chancery) is the gold standard.
Florida
US residents doing local business in FL — no franchise tax, but weaker privacy than WY/DE.
Ready to form?
LLC Services & Advisory — $799
Full formation + first-year planning. Choose any US state — we handle filing, EIN, operating agreement, and year-one registered agent.