Should I form my LLC in Wyoming or Delaware?

Choose Wyoming if you are bootstrapping, want maximum privacy, and prioritize low costs ($100 filing + $60/year). Choose Delaware if you are raising venture capital, need the Court of Chancery for complex business disputes, or your investors specifically require a Delaware entity. For most small businesses, Wyoming is the better choice.

Head-to-head comparison: Wyoming charges $100 to form + $60/year annual report with no franchise tax, while Delaware charges $90 to form + $300/year franchise tax. Wyoming does not list member names in public records; Delaware does not either but charges more for privacy features. Delaware's advantage is purely legal infrastructure — the Court of Chancery handles business disputes without juries, and 200+ years of corporate case law provides predictability for complex transactions. If you are not raising institutional capital or anticipating complex shareholder disputes, Wyoming offers identical liability protection at roughly 75% lower annual cost.