LLCroad

Why Wyoming

The state that keeps a small company simple.

A low yearly cost ($60 minimum for the annual report), everything online, and no US residency required. Here is how it compares.

Wyoming, Delaware, New Mexico

The figures that matter for a company owned from abroad, read on each state’s official site.

Wyoming, Delaware and New Mexico compared
CriterionWyomingDelawareNew Mexico
State filing fee$100$110$50
Yearly state cost$60 minimum (annual report)$400 (annual tax)—
Due dateFirst day of the anniversary monthJune 1—
If lateDissolution after 60 days$200 penalty + monthly interest—
Each figure links to its official source. A dash means we have not yet verified the figure on the state’s official site.

Figures verified on October 23, 2026.

Why we form in Wyoming

  1. 01

    A low yearly cost

    The Wyoming annual report starts at $60, against a $400 annual tax for a Delaware LLC. Over the years, that difference adds up.

  2. 02

    Everything online

    Filing, annual report and records are handled on the state registry. No paper, no courier, no delay at the counter.

  3. 03

    Made for founders abroad

    No US citizenship or residency is required to form or own a Wyoming LLC. Your EIN is requested from the IRS by fax, without an SSN.

  4. 04

    Clear yearly rules

    One annual report, due on the first day of your anniversary month. We file it for you with the annual plan and the Standby plan.

When Delaware makes sense

Delaware is the usual choice for startups raising money from US venture funds, whose lawyers expect a Delaware corporation. For a company owned from abroad that sells services or products online, Wyoming does the same job for less every year. Compare the full costs on our pricing page.