My State LLC Wyoming Accelerator

Wyoming passed the most comprehensive and founder-friendly crypto legislation in the US — creating the legal framework for DAOs, special purpose depository institutions (SPDIs) for crypto businesses, and the clearest token classification law in the nation. Coinbase and Kraken have both used Wyoming's legal framework as their US legal home. For crypto and blockchain founders, Wyoming is the only state that has actively built an enabling legal environment.

Wyoming's booming outdoor tourism (Yellowstone, Grand Teton, Jackson Hole ski) and premium real estate market create strong demand for hospitality tech and premium experience platforms. The state's high-income visitor demographics (Jackson Hole median home price $3M+) support consumer businesses with strong unit economics and pricing power from day one.

Wyoming's startup ecosystem is the smallest in the nation by absolute deal count, but the state has built globally unique advantages in blockchain and digital assets. Wyoming enacted the most comprehensive crypto-friendly legislation in the US between 2018–2021 (50+ blockchain-specific laws), making it the domicile of choice for DAOs (Decentralized Autonomous Organizations) and crypto companies seeking regulatory clarity. Wyoming's SPDI (Special Purpose Depository Institution) bank charter — designed to safely custody digital assets — is unavailable anywhere else in the US. Avanti Financial Group, the first approved SPDI bank, is headquartered in Cheyenne. The University of Wyoming's AIM program supports early-stage commercialization. Invest Wyoming and the Wyoming Business Council provide limited seed capital for non-crypto companies.

Wyoming LLCs pay a $100 formation fee and an annual report fee of $60 minimum, due the first day of the anniversary month. Wyoming has no corporate income tax, no personal income tax, no franchise tax, no gross receipts tax, and no inventory tax — the most complete absence of business taxes of any US state. The annual report fee is the only recurring LLC cost. Wyoming's LLC charging order protection is the strongest in the US: a charging order is the exclusive creditor remedy against an LLC member's interest, and courts cannot force dissolution of a Wyoming LLC to satisfy a creditor. Wyoming's DAO LLC law (enacted 2021) allows decentralized autonomous organizations to register as LLCs, making it the global governance standard for blockchain structures.