Is it cheaper to form an LLC in Wisconsin than Tennessee?

Wisconsin's filing fee is lower ($130 vs at least $300), but that's not the full picture: operating in Tennessee means also registering as a foreign LLC there ($300) and paying a Wisconsin registered agent. Realistic first-year cost is roughly $580 for the Wisconsin route versus at least $300 for forming in Tennessee.

Can I form my Tennessee business in Wisconsin?

Yes. Any Tennessee business can form its LLC in Wisconsin. But if the business operates in Tennessee, it must also register there as a foreign LLC ($300 minimum filing fee) and maintain a registered agent in Wisconsin, so you take on two states' fees and filings instead of one.

Does Wisconsin have better asset protection than Tennessee?

Not meaningfully. Both states provide charging-order protection for LLC members, and neither offers a decisive asset-protection edge for a typical small business. Sound insurance and clean separation of business and personal finances matter more in practice.

State Comparison

Tennessee LLC vs Wisconsin LLC (2026)

Written for owners based in Tennessee.

Verdict: for most owners, form where the business is based

Wisconsin sets the annual report deadline by calendar quarter, not by date, so an LLC formed in February files by March 31 rather than on its anniversary. Online it costs $130 to form and $25 a year; on paper those become $170 and $40. Since 2025 an LLC whose members are all student entrepreneurs pays no formation fee. Tennessee offers no such waiver and prices by headcount instead, $50 per member on a $300 report floor plus $100 of franchise tax, giving $700 in year one and $400 after. A Wisconsin LLC trading here registers from $300.

Based in Wisconsin? Read Wisconsin LLC vs Tennessee LLC →

Compare Tennessee LLC vs Wisconsin LLC on filing fees, taxes, privacy laws, and annual costs. Find out which state is actually better for your business.

By Edmond Hui · Last updated: October 5, 2026

If your business is based in Tennessee, a Tennessee LLC needs no foreign registration there; a Wisconsin LLC run from Tennessee generally must also register in Tennessee as a foreign LLC (a filing fee of at least $300). If your business is based in Wisconsin, a Wisconsin LLC needs no foreign registration there; a Tennessee LLC run from Wisconsin generally must also register in Wisconsin as a foreign LLC (Wisconsin's $100 filing fee). An LLC formed in one of these states and run from the other owes whatever filings, fees and taxes each state requires. A Tennessee LLC runs from $700 in year one and from $400/yr after; a Wisconsin LLC runs $155 and $25/yr. See the full breakdown below.

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Factor	Tennessee	Wisconsin
Filing Fee	$300	$130
Processing Time	Not published by the state	Instant on receipt (online)
Annual Report Fee	$300	$25
Annual Report Due	April 1	Anniversary quarter
State Income Tax	No	Yes
Anonymous LLC	No	No
Publication Requirement	No	No
Foreign LLC Cost (if forming out-of-state)	N/A, you're in your home state	$300 + registered agent ~$150/yr

Full fee breakdown for either state: Tennessee LLC cost and Wisconsin LLC cost. Owner privacy options for either state: Tennessee anonymous LLC guide and Wisconsin anonymous LLC guide.

Business Climate: Tennessee vs Wisconsin

Factor	Tennessee	Wisconsin
5-year business survival rate	46.4% (#45 of 51)	52.4% (#21 of 51)
Business application growth (2026 YTD (Jan to Jul) vs 2025 YTD (same months))	+19.9% YoY (#16 of 51 by volume)	+20% YoY (#25 of 51 by volume)

Sources: U.S. Bureau of Labor Statistics, Business Employment Dynamics · U.S. Census Bureau, Business Formation Statistics (BFS)

See the full 50-state survival ranking.

Compare LLC Costs: Tennessee vs Wisconsin

State A

State B

Tennessee

Formation feefrom $300

Annual report feefrom $300

State entity taxfrom $100/yr, Franchise and Excise Tax

Report dueApril 1

Processing timeNot published by the state

Late penalty$0

Wisconsin

✓ Cheaper Upfront✓ Cheaper Long-Term

Formation fee$130

Annual report fee$25

State entity taxNone

Report dueFormation quarter end

Processing timeInstant on receipt (online)

Late penalty$0

Total Cost

Tennessee

Wisconsin

1 Year

from $700

$155

3 Years

from $1,500

$205

5 Years

from $2,300

$255

Will you operate outside your home state?

A figure shown as "from" is the least the state can charge, not a price. Tennessee's report is $300 for up to six members and $50 for each member above six, its franchise tax is the greater of $100 or 0.25% of Tennessee net worth, Wyoming's report is the greater of $60 or $.0002 per dollar of in-state assets, Kentucky's entity tax is $175 up to $3 million of gross receipts and graduated above it, and New York's annual filing fee is graduated on New York source gross income. 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. Two exclusions follow from that wording. Arizona and Nebraska require publication and publish no rate, so no newspaper cost is carried for either and their totals are not the whole cost. Alaska's $50 annual state business licence is a separate charge from the Secretary of State fees and is not carried here either. Annualising makes the 1, 3 and 5 year rows a cost of ownership rather than a payment schedule: a biennial state charges its whole report fee in the years it falls due and nothing in between. 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. New York's publication cost is carried at a $250 floor, roughly $200 of newspaper cost in a low-cost county plus the $50 Certificate of Publication fee. No county-clerk-designated New York City newspaper publishes a rate card, so the four-figure NYC estimates in wide circulation cannot be traced to a primary source and are not asserted here; budget for materially more than the floor if you file in a NYC county. Every fee was verified against the state's own fee schedule, statute, or revenue authority on 29 July 2026. Excludes registered agent and legal fees. For informational purposes only, not legal or tax advice.

Filing Fees & Formation Costs

Tennessee charges at least $300 to form an LLC, while Wisconsin charges $130. Wisconsin is $170 cheaper upfront. The cost that usually gets overlooked: if you form in Wisconsin but operate in Tennessee, you must also register as a foreign LLC in Tennessee (a $300 minimum filing) and maintain a registered agent in Wisconsin (typically around $150 per year). That puts the realistic first-year cost of the Wisconsin route at roughly $580, versus at least $300 for simply forming in Tennessee. Only one side of this comparison is knowable: Wisconsin publishes a standard turnaround (instant on receipt, online), while Tennessee publishes no standard processing time, so the two can't be ranked against each other on speed.

Taxes: Tennessee vs Wisconsin

Tennessee has no personal income tax, while Wisconsin taxes individual income. Since pass-through LLC profits are taxed where you live and operate, a Tennessee-based owner keeps Tennessee's no-income-tax benefit either way. Forming in Wisconsin adds no tax advantage. Tennessee imposes a franchise & excise tax on LLCs: $100 minimum franchise tax plus 6.5% excise tax on net earnings.

Privacy & Asset Protection

Neither Tennessee nor Wisconsin offers anonymous LLC formation: both states require owner or manager information on public filings. Wisconsin's annual report lists member/manager names and addresses, which become public. Business owners who prioritize privacy typically form a holding company in a state like Wyoming or New Mexico instead. Both states provide charging-order protection for LLC members, and for most small businesses the practical difference in asset protection between the two is minimal.

Annual Maintenance Costs

Tennessee LLCs file an annual report (at least $300, due April 1), and Wisconsin LLCs file an annual report ($25, due in the anniversary quarter). If you form in Wisconsin while operating in Tennessee, you maintain filings in both states, Wisconsin's report plus Tennessee's equivalent for your foreign registration, and pay a Wisconsin registered agent roughly $150 per year. Counting report fees, the agent and any entity-level tax, that brings the Wisconsin route to roughly $475 a year, versus at least $400 to keep a domestic Tennessee LLC in good standing. The tax inside those totals: Tennessee imposes a franchise & excise tax on LLCs: $100 minimum franchise tax plus 6.5% excise tax on net earnings.

When Wisconsin Actually Makes Sense

Forming in Wisconsin makes sense in a few specific situations: your business genuinely operates in Wisconsin, with a real office, employees, or property there, or you're relocating to Wisconsin in the near future and accept taking on Wisconsin's personal income tax, which Tennessee doesn't levy. For a typical small business based in Tennessee, none of these usually apply. Registering a Wisconsin LLC to do business back home means at least $300 in Tennessee foreign-registration fees, on top of Wisconsin's $130 formation fee, while Tennessee's own annual report runs at least $300 a year and is due April 1. When in doubt, form where you actually do business.

Frequently Asked Questions

: Wisconsin's filing fee is lower ($130 vs at least $300), but that's not the full picture: operating in Tennessee means also registering as a foreign LLC there ($300) and paying a Wisconsin registered agent. Realistic first-year cost is roughly $580 for the Wisconsin route versus at least $300 for forming in Tennessee.
: Yes. Any Tennessee business can form its LLC in Wisconsin. But if the business operates in Tennessee, it must also register there as a foreign LLC ($300 minimum filing fee) and maintain a registered agent in Wisconsin, so you take on two states' fees and filings instead of one.
: Not meaningfully. Both states provide charging-order protection for LLC members, and neither offers a decisive asset-protection edge for a typical small business. Sound insurance and clean separation of business and personal finances matter more in practice.
: It depends on where the business is based. For a Tennessee-based business, Tennessee: forming where the business is based keeps costs and compliance simple, and Wisconsin is worth considering only if you actually do business there. For a Wisconsin-based business, the same reasoning points to Wisconsin.
: Only one side of this comparison is knowable: Wisconsin publishes a standard turnaround (instant on receipt, online), while Tennessee publishes no standard processing time, so the two can't be ranked against each other on speed. Whichever you pick, remember that forming in Wisconsin while operating in Tennessee means you're not fully set up until the Tennessee foreign registration is also processed, so the out-of-state route is rarely the faster path end to end. If your timing is genuinely fixed, buy the state's expedite tier rather than relying on a standard turnaround.

Comparison chart of forming an LLC in Tennessee versus Wisconsin, contrasting filing fees, annual report cost and ongoing obligations across 8 factors. — Tennessee and Wisconsin side by side on the factors that decide where to form. Source: MyStateLLC 50-state cost dataset, verified against each Secretary of State's published fee schedule, July 2026.

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More State Comparisons

Tennessee vs Wyoming →Tennessee vs Alabama →Tennessee vs Alaska →Tennessee vs Delaware →Wisconsin vs Delaware →

Tennessee LLC Guide →Wisconsin LLC Guide →

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Sources

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.

sos.tn.gov/businessesTennessee Secretary of State: business entity filings
sos.tn.gov/businesses/services/business-forms-feesTennessee LLC filing fees
dfi.wi.gov/Pages/BusinessServices/BusinessEntities/GeneralInformation.aspxWisconsin Department of Financial Institutions: business entity filings
dfi.wi.gov/Pages/BusinessServices/BusinessEntities/Fees.aspxWisconsin 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.