Discover why Wyoming is a common choice for entrepreneurs seeking strong charging-order protection, public-record privacy, and no Wyoming income tax.
Tell me about your home state and revenue, and I will return your Year 1 cost, ongoing annual cost, an honest estimate of home-state tax exposure (Wyoming does not eliminate it for resident owners), and whether to form WY only, WY plus foreign qualification, or stick with home-state.
Includes attorney formation, WY state filing, registered agent, and (if applicable) home-state foreign qualification.
Ongoing WY annual report, registered agent, and home-state annual fee (if foreign qualified).
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For informational purposes; estimates based on typical matter scope. Final cost and structure confirmed by attorney review. Not legal advice.
Unusually strong asset protection: Wyoming has unusually strong charging-order protection, including statutory exclusivity language, but creditor outcomes still depend on the entity structure, operating agreement, formalities, transfer history, forum, bankruptcy issues, fraudulent-transfer risk, alter-ego arguments, and whether the creditor can pursue other remedies. Public-record privacy: member and manager names generally are not listed in ordinary Wyoming Secretary of State records, but banks, tax records, registered-agent records under lawful process, subpoenas, and civil discovery can still identify ownership. No State Income Tax: Wyoming has no corporate or personal income tax. Low Annual Costs: Just $62/year for annual report, with no franchise tax or minimum fees. Business-Friendly: Simple formation, flexible operating agreements, and strong legal precedents.
If your business operates physically in another state (office, employees, inventory), you may need to register as a foreign LLC and pay taxes there. Wyoming LLC is often used for holding companies, online businesses, real estate investors, and professionals seeking asset protection, but it will not eliminate tax obligations in states where you have substantial operations. Consult a tax advisor about your specific situation.
For LLCs: Wyoming wins.
For Corporations: Delaware may be better due to Court of Chancery and extensive case law for corporate governance. But for LLCs, Wyoming is the superior choice for most businesses.
Bottom line: Wyoming offers better protection at lower cost with a more reputable image.
Charging order protection is Wyoming's most powerful asset protection feature. If a creditor sues you personally and wins a judgment:
Wyoming's advantage: This protection applies to single-member LLCs (many states don't protect single-member LLCs). Makes Wyoming ideal for holding real estate, investments, or operating assets.
Yes, and it's very common. Real estate investors often use Wyoming LLCs to:
Important: If the property is located in another state (e.g., California rental), you must also register as a foreign LLC in that state. Wyoming LLC provides privacy and protection, but you still comply with local landlord-tenant laws and pay property taxes.
High privacy, but not absolute anonymity.
What's NOT public in Wyoming:
What IS public:
Privacy strategy: Use a professional registered agent service (like mine) as organizer. Your name never appears in public state records at formation. However, the Wyoming LLC is still visible to bank KYC, registered-agent records under lawful process, IRS and state tax records, and civil discovery. Federal beneficial-ownership reporting under the Corporate Transparency Act is in flux: current FinCEN guidance exempts domestic U.S.-formed companies, but the rule has been litigated and revised multiple times. The privacy benefit is against ordinary public search, not against banks, regulators, courts, or any future CTA change.
Yes, you need a Wyoming registered agent. Wyoming law requires every LLC to maintain:
Registered agent service: $125/year. I provide a Cheyenne, WY street address, forward all mail/legal docs to you, and handle annual report filing reminders. You don't need to visit Wyoming or maintain a physical presence.
Wyoming LLCs should maintain:
Included with formation packages: Custom operating agreement, EIN application assistance, and annual report filing reminders.
Complete the intake form with your LLC name, member information, and service selections. I'll verify name availability and prepare your documents. Same day if submitted before 3pm PT.
I file your Articles of Organization with Wyoming Secretary of State. Standard processing: 3-5 business days. Expedited: 24 hours ($100 state fee).
Once approved, I email you certified Articles of Organization, custom Operating Agreement, and formation certificate. Typically 4-7 business days total (or 1-2 days expedited).
I help you apply for EIN (if needed) and provide bank-ready documentation. You can open a business bank account immediately. EIN usually issued same day by IRS.
| State | Formation Fee | Annual Fee | Income Tax | 5-Year Total |
|---|---|---|---|---|
| Wyoming | $102 | $62 | 0% | $412 |
| Delaware | $90 | $300 | 8.7% | $1,590 |
| Nevada | $425 | $350 | 0% | $2,175 |
| California | $70 | $800 min | 8.84% | $4,070 |
| New York | $200 | $9 (biennial) | 6.5% | $223 |
* Does not include registered agent fees or publication requirements (NY). Assumes no state income if not operating in that state.
Required for all Wyoming LLCs. Includes:
Renews annually. I send a reminder 60 days before expiration.
Attorney-drafted operating agreement tailored to your business needs:
Delivery: 3-5 business days after consultation. Includes one round of revisions.
I handle your Wyoming annual report filing:
Due date: First day of anniversary month of formation. Late fees apply if missed.
If you operate in another state, you must register as a "foreign LLC" there. I handle:
Common for: California, Texas, Florida, New York operations. Each state has different requirements and fees. Contact me for state-specific pricing.
Schedule a call to discuss:
Format: Email-first written review at owner@terms.law. Send the LLC facts and I will respond with a written assessment and a fixed-fee proposal. An optional paid 30-minute call is available as a follow-on after the written review.
If the Wyoming Secretary of State rejects a filing because of an error in documents I prepared, I will correct and refile at no additional service fee. State filing fees are non-refundable once submitted. This service-fee correction promise does not extend to rejections caused by client-supplied information, for example a name that has since become unavailable, or signatures by an unauthorized party.
Complete the form below to begin your Wyoming LLC formation. I will review your information and follow up within 1 business day with next steps and payment instructions.
After submitting this form: (1) I'll verify LLC name availability within 1 business day. (2) You'll receive a detailed quote and payment link. (3) Once payment is received, I begin formation immediately. (4) You'll receive all formation documents via email upon state approval. Questions? Email owner@terms.law to discuss your specific needs.
Have questions about Wyoming LLC formation? Want to discuss your specific situation before committing? Send the facts by email and I will respond in writing with options and a fixed-fee proposal.
No. You can form a Wyoming LLC entirely remotely. You don't need to visit Wyoming, have a physical office there, or even set foot in the state. You just need a registered agent with a Wyoming address (which I can coordinate).
Yes. Wyoming allows foreign nationals to form and own LLCs. You don't need U.S. citizenship or residency. However, you will need:
Many international investors use Wyoming LLCs to hold U.S. real estate or investments.
You have options:
I can advise on the best approach for your situation. Email me with details about your current LLC.
Wyoming has NO state income tax. You don't pay Wyoming taxes on LLC profits. However:
Recommendation: Consult a CPA familiar with multi-state taxation to optimize your tax structure.
Yes, Wyoming is crypto-friendly. Wyoming passed several blockchain and digital asset laws, including:
Many crypto investors use Wyoming LLCs to hold Bitcoin, Ethereum, NFTs, and other digital assets with privacy and protection.
Current FinCEN guidance exempts domestic U.S.-formed companies (and their beneficial owners) from the CTA's beneficial-ownership reporting requirement, while certain foreign reporting companies registered to do business in the U.S. remain subject to reporting. The rule has been litigated and revised multiple times since the original 2024 effective date; check current FinCEN guidance before relying on any specific filing or non-filing position.
What Wyoming anonymity protects against, and what it does not:
I track current CTA guidance and will confirm in writing what the filing position is at the time of formation.
Many entrepreneurs, investors, and business owners choose Wyoming for its asset-protection statutes, anonymity at the state-record level, and low costs. Send me the LLC facts by email and I will respond with a fixed-fee proposal and timeline.