Wyoming LLC vs Nevada LLC
Last updated July 2026
Wyoming LLC
The privacy-focused state with the lowest ongoing fees
Advantages
- $60 minimum annual report fee, lowest among LLC-friendly states
- Strong privacy: LLC members not disclosed on public state filings
- No state income tax on LLCs
- Strong charging order protection for single-member LLCs
- Formation fee only $100
Drawbacks
- Not investor-friendly, most VCs require Delaware conversion anyway
- Foreign qualification required in your home state if operating there
- Less-developed case law than Nevada or Delaware on business disputes
Nevada LLC
Asset-protection state with no state income tax and no IRS info sharing
Advantages
- No state income tax on LLCs
- Strong charging order protection for single-member LLCs
- No IRS information-sharing agreement (unique among U.S. states)
- Member and manager privacy on public filings
- Established case law on Nevada asset protection
Drawbacks
- Annual State Business License fee of $200 plus $150 List of Managers filing
- Total ongoing cost $350/yr before registered agent
- Filing fee of $425 (much higher than Wyoming's $100)
- Foreign qualification required in home state if operating there
Wyoming and Nevada both attract asset-protection-focused LLC owners. Wyoming has the lowest ongoing fees in the country at $60/yr and strong member privacy. Nevada offers similar privacy plus a no-IRS-info-sharing framework, but at higher ongoing cost ($350/yr) and steeper filing fees. For solo owners, Wyoming typically wins; for buyers who specifically value Nevada's IRS non-disclosure, Nevada earns its cost.
Feature Comparison
| Feature | Wyoming LLC | Nevada LLC |
|---|---|---|
| Filing Fee | $100 initial filing | $425 initial filing (including State Business License) |
| Annual Fee | $60 minimum annual report fee | $350/yr (List of Managers $150 + State Business License $200) |
| Privacy Level | Members not disclosed on public filings | Members and managers not disclosed publicly |
| Court System | Standard state courts | Standard state courts with Nevada business precedent |
| VC-Friendly | No; VCs typically require Delaware conversion | No; VCs typically require Delaware conversion |
| Foreign Qualification | Required in home state if operating there | Required in home state if operating there |
| Asset Protection | Strong charging order protection for single-member LLCs | Strong charging order protection; no IRS info sharing |
| Typical Annual Cost | About $200-$400/yr including registered agent + fee | About $500-$800/yr including registered agent + fees |
Wyoming LLC Wins
Wyoming wins on price and simplicity for most solo owners. Nevada wins specifically for buyers who value the no-IRS-info-sharing framework and can absorb 3-5x higher ongoing fees.
Wyoming's $60/yr ongoing fee is unbeatable, and its charging order protection is functionally as strong as Nevada's for most solo owners. Nevada's real differentiator is the absence of an IRS information-sharing agreement, which some ultra-high-net-worth or privacy-focused owners specifically want. For 95% of solopreneurs and holding LLCs, Wyoming is the smarter default. Neither wins if you're going to operate primarily in your home state, foreign qualification eats the savings.
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