Why choose Wyoming for an LLC?

Wyoming offers three key advantages for LLC formation: privacy, low cost, and no state income tax.

Wyoming does not require member or manager names in public filings, so your ownership remains private. The state charges only $100 to form and $60 per year for the annual report, making it one of the cheapest states for ongoing maintenance. Wyoming has no state income tax, no franchise tax on LLCs, and no gross receipts tax. The state also provides strong charging order protection, meaning creditors of an LLC member cannot seize LLC assets. Wyoming pioneered LLC legislation in 1977 and has the longest track record of LLC-friendly case law in the country. For founders who value privacy and low costs over VC-readiness, Wyoming is often the optimal choice.