Nevada LLC vs Wyoming LLC (2026)
A Nevada LLC costs $425 in year one; a Wyoming LLC costs at least $160.
Written for owners based in Nevada.
Verdict: for most owners, form where the business is based
Wyoming's $60 annual report is a licence tax rather than a flat fee, being the greater of $60 or two-tenths of one mill on assets located and employed in Wyoming, so it holds at $60 only while in-state assets stay at or below $300,000 and reaches $200 at $1,000,000. Both states skip personal income tax, and Wyoming keeps members off the public record where Nevada's Annual List does not. Formation is $100 there against $425 here, and at least $60 a year against $350, plus $75 to register a Wyoming LLC in Nevada.
Based in Wyoming? Read Wyoming LLC vs Nevada LLC →
Full fee breakdown for either state: Nevada LLC cost and Wyoming LLC cost.
By Edmond Hui · Last updated: October 13, 2026
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| Factor | Nevada | Wyoming |
|---|---|---|
| Filing Fee | $75 ($425 with the required initial list and business license) | $100 |
| Processing Time | Same day (online) | Instant online; up to 15 business days paper |
| Annual Report Fee | $150 annual list ($350 with the business license renewal) | $60 |
| Annual Report Due | Anniversary month | First day of anniversary month |
| State Income Tax | No | No |
| Anonymous LLC | No | Yes |
| Publication Requirement | No | No |
| Foreign LLC Cost (if forming out-of-state) | N/A, you're in your home state | $425 in the first year (the $75 filing, the $150 Annual List and the $200 State Business License) + registered agent ~$150/yr |
Owner privacy options for either state: Nevada anonymous LLC guide and Wyoming anonymous LLC guide.
Who you file with in Nevada and Wyoming, and when
| Factor | Nevada | Wyoming |
|---|---|---|
| Forms the LLC | Nevada Secretary of State | Wyoming Secretary of State |
| Takes the periodic report | Nevada Secretary of State | Wyoming Secretary of State |
| Reports and state taxes, first due dates for an LLC formed June 15, 2027 |
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|
| If the report is late | Nevada sets a $75 late fee on the Annual List and a $100 penalty on a late State Business License renewal, and a report left unfiled has further consequences. | Wyoming sets no separate late fee, but a missed report still has consequences for the LLC. |
| State charges over five years | $1,825 ($425 in year one plus $1,400 across years two to five) | from $400 (from $160 in year one plus from $240 across years two to five) |
Our figures cannot rank the two over five years: Wyoming's total is a minimum and could exceed Nevada's. Both totals are for an LLC formed and run in the same state, and leave out foreign registration and any tax that applies only above a revenue or owner threshold or after a tax election.
The dates come from the same verified rules as our annual report deadline tool, applied to a sample formation date as of November 1, 2026, the day this page was built. Where a rule cannot name a date, the row says who to ask instead.
Business Climate: Nevada vs Wyoming
| Factor | Nevada | Wyoming |
|---|---|---|
| 5-year business survival rate | 47.6% (#41 of 51) | 47.5% (#42 of 51) |
| Business application growth (2026 YTD (Jan to Sep) vs 2025 YTD (same months)) | +9.7% YoY (#30 of 51 by volume) | +14.7% YoY (#23 of 51 by volume) |
Sources: U.S. Bureau of Labor Statistics, Business Employment Dynamics · U.S. Census Bureau, Business Formation Statistics (BFS)
Compare LLC Costs: Nevada vs Wyoming
Nevada
Wyoming
A figure shown as "from" is the least the state can charge, not a price. Wyoming's report is the greater of $60 or $.0002 per dollar of in-state assets. A total that contains one of those is shown as "from" for the same reason. Costs include every mandatory state charge: the filing fee, the report fee (annualised where a state files biennially), any state entity-level tax shown in its own row above, a one-time publication cost where the state publishes a rate for it, and any one-time registration charge a state requires before the LLC may trade. Entity-level taxes that only apply after a corporate election, or above an owner or income threshold, are excluded and flagged on the state's own cost page. Every fee was verified against the state's own fee schedule, statute, or revenue authority between 29 July 2026 and 29 October 2026. Excludes registered agent and legal fees. How every state's total is built is on the 50-state cost comparison tool. For informational purposes only, not legal or tax advice.
Filing Fees & Formation Costs
Nevada charges $425 to form an LLC, while Wyoming charges $100. Wyoming is $325 cheaper upfront. The cost that usually gets overlooked: if you form in Wyoming but operate in Nevada, you must also register as a foreign LLC in Nevada ($425 in mandatory Nevada charges: the $75 filing, the $150 Annual List and the $200 State Business License) and maintain a registered agent in Wyoming (typically around $150 per year). We have not confirmed a full yearly total for what Nevada charges a foreign LLC, so this page gives no first-year total for the Wyoming route. Both states publish a standard turnaround, Nevada (same day, online) and Wyoming (instant online; up to 15 business days paper), though a published figure is a norm, not a guarantee.
Taxes: Nevada vs Wyoming
Neither Nevada nor Wyoming levies a personal income tax, so there's no income-tax advantage to forming in either state. Every LLC must hold a State Business License at $200/year (corporations pay $500) and file a $150 Annual List, $350/year total recurring. Nevada's Commerce Tax applies only to businesses with Nevada gross revenue over $4 million. Wyoming charges an annual report license tax of $60 minimum ($62 filed online), based on in-state assets; no franchise or privilege tax otherwise.
Privacy & Asset Protection
Wyoming allows anonymous LLC formation. Member and manager names don't appear on routine public filings. Neither the Articles nor the annual report requires listing members or managers; only an organizer/signer appears, so ownership stays off public filings. Nevada doesn't offer that same privacy. Confirmed not anonymous despite marketing: under Nevada law, both the domestic Initial/Annual List and the foreign LLC list must state the names, titles, and addresses of all managers or, if none, all managing members, and these lists are public record filed at formation and annually. A charging order is a court order that directs an LLC to pay a member's distributions to a creditor who has won a judgment against that member. Nevada's LLC act makes the charging order the exclusive remedy, and says so for single-member LLCs specifically. Wyoming's LLC act makes the charging order the exclusive remedy, and says so for single-member LLCs specifically. "Exclusive remedy" means the act names the charging order as the only way a member's creditor can collect from that member's interest in the LLC. We are reporting what each section says, not what a court would do with your facts. One important caveat: if you register your Wyoming LLC as a foreign LLC in Nevada, that Nevada registration is itself a public record, which can undercut much of the privacy benefit for a business that operates in Nevada.
Annual Maintenance Costs
Nevada LLCs file an annual report ($150, due in the anniversary month), and Wyoming LLCs file an annual report (at least $60, due in the anniversary month). If you form in Wyoming while operating in Nevada, you take on both states' requirements and pay a Wyoming registered agent roughly $150 per year. A Wyoming LLC registered in Nevada as a foreign LLC still owes Nevada's own yearly charges, and a state can charge a foreign LLC a different amount from its own LLCs. We have not confirmed a full yearly total for what Nevada charges a foreign LLC, so this page gives no yearly total for the Wyoming route. Confirm the amount with the state before choosing that route. Counting report fees and any entity-level tax, keeping a domestic Nevada LLC in good standing costs about $350 a year. State tax and fee notes: Every LLC must hold a State Business License at $200/year (corporations pay $500) and file a $150 Annual List, $350/year total recurring. Nevada's Commerce Tax applies only to businesses with Nevada gross revenue over $4 million. Wyoming charges an annual report license tax of $60 minimum ($62 filed online), based on in-state assets; no franchise or privilege tax otherwise.
When Wyoming Actually Makes Sense
Forming in Wyoming makes sense in a few specific situations: you need anonymous ownership. Nevada puts owner or manager information on public filings and Wyoming doesn't (usually via a holding company, since operating in Nevada still requires a public foreign registration there), your business genuinely operates in Wyoming, with a real office, employees, or property there, or you're relocating to Wyoming in the near future. For a typical small business based in Nevada, none of these usually apply. Registering a Wyoming LLC to do business back home means $425 in mandatory Nevada registration charges, on top of Wyoming's $100 formation fee, while Nevada's own annual report runs $150 a year and is due in the anniversary month. When in doubt, form where you actually do business.
Frequently Asked Questions
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Compare LLC formation services →Or by state: Best LLC services in Nevada, Best LLC services in Wyoming
Our affiliate partner Northwest Registered Agent files your LLC formation paperwork for $39 plus the state fee, and that price includes a year of registered agent service. After year one, registered agent service is $125/yr. Registered agent customers are enrolled by default in Northwest's report filing service, which charges your saved payment method $100 plus state fees each time it files for you and which you can cancel.
Form your LLC with Northwest ($39 + state fee) →Affiliate link. We may earn a commission at no cost to you. MyStateLLC is not a law firm and does not provide legal advice.
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More for Nevada and Wyoming LLCs
Nevada
Sources
10 documents
Each entry below is a document recorded in our verified sources, and each entry says what the document is. Some statutory text is read from an accurate mirror rather than from the state's own host, and those say so. Where we hold the citation but no stable public link, the citation is printed on its own rather than pointed at a guessed address.
- Nevada statute: NRS 76.100 (State Business License)
- Nevada statute: NRS 86.263/86.5461 (Annual List)
- Nevada statute: NRS ch. 363C (Commerce Tax)
- Nevada statute: NRS 86.263(1) (domestic Initial/Annual List contents)
- Nevada statute: NRS 86.5461(1) (foreign LLC list contents)
- Wyoming statute: W.S. 17-29-503 (charging order)
- Nevada statute: Nev. Rev. Stat. Section 86.401 (charging orders)
- nvsos.gov/sos/businesses/start-a-business/limited-liability-companyNevada Secretary of State: business entity filings
- sos.wyo.gov/Business/Default.aspxWyoming Secretary of State: business entity filings
- sos.wyo.gov/Business/docs/BusinessFees.pdfWyoming LLC filing fees
Edmond Hui · Founder, MyStateLLC
Edmond Hui is a software engineer and serial entrepreneur based in New York who has founded multiple online businesses across e-commerce, media, and information publishing. Before transitioning into tech, he spent years as a commercial real estate professional closing deals totaling over 100,000 square feet, giving him firsthand experience with business formation and entity structuring. He built MyStateLLC to provide the free, state-specific LLC guidance he wished existed when forming his own companies.