Wyoming vs Delaware LLC Comparison
Wyoming and Delaware are two of the most popular states for LLC formation. Compare their fees, requirements, and benefits to choose the right state for your business.
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Side-by-Side Comparison
| Feature | Wyoming | Delaware |
|---|---|---|
| Formation Fee | $100 Verified 2026-11-02 | $110 Verified 2026-11-02 |
| Annual Report Fee | License tax: greater of $60 or $0.0002 x WY assets (value_usd = minimum) Verified 2026-11-02 | No annual report for LLCs Verified 2026-11-02 |
| Annual Report Due | First day of anniversary month | Annual tax due June 1 |
| Franchise Tax | See annual report license tax Verified 2026-11-02 | $400/year Verified 2026-11-02 |
| Expedited Processing | Not available | LLC formation: 24-hour +$50, same-day +$100, 2-hour $500, 1-hour $1,000 |
Wyoming Advantages
- Lower formation fee ($100)
- No state income tax
- Strong privacy protections
- Asset protection statutes
- Lower ongoing costs for small LLCs
- Online filing processed immediately
Delaware Advantages
- Well-established business law
- Court of Chancery (specialized business court)
- Predictable legal precedent
- No annual report requirement for LLCs
- Flexible LLC statutes
- Preferred by venture capitalists
Which Should You Choose?
Choose Wyoming If:
- You're a small business or solopreneur
- Privacy is a top priority
- You want lower ongoing costs
- You're not seeking venture capital
- Asset protection is important
Choose Delaware If:
- You plan to seek VC or institutional investment
- Legal predictability is crucial
- You may have complex ownership structures
- Your lawyers/investors prefer Delaware
- You plan to go public eventually
Note: If you'll primarily do business in a single state, forming in that state is often the simplest choice. Forming in Wyoming or Delaware while operating elsewhere may require foreign qualification in your home state, adding fees and paperwork.
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Both Wyoming and Delaware require a registered agent with a physical address in the state. Compare pricing from top registered agent services.
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