Wyoming LLC vs Florida LLC (2026)
A Wyoming LLC costs at least $160 in year one; a Florida LLC costs $263.75.
Written for owners based in Wyoming.
Verdict: for most owners, form where the business is based
Florida's advertised $100 filing fee is really $125, because a $25.00 registered agent designation fee is mandatory on every new LLC. Its annual report is $138.75 and becomes $538.75 the day after May 1, a flat $400 late fee Florida applies to LLCs by name. Wyoming forms for $100 and charges an annual report license tax of at least $60, which grows to 0.02% of Wyoming assets past $300,000. Neither state taxes personal income, but a Florida LLC run from Wyoming still owes $150 to register here.
Based in Florida? Read Florida LLC vs Wyoming LLC →
Full fee breakdown for either state: Wyoming LLC cost and Florida LLC cost.
By Edmond Hui · Last updated: October 13, 2026
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Ready to file? 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.
| Factor | Wyoming | Florida |
|---|---|---|
| Filing Fee | $100 | $125 |
| Processing Time | Instant online; up to 15 business days paper | Live queue, not fixed |
| Annual Report Fee | $60 | $138.75 |
| Annual Report Due | First day of anniversary month | May 1 |
| State Income Tax | No | No |
| Anonymous LLC | Yes | No |
| Publication Requirement | No | No |
| Foreign LLC Cost (if forming out-of-state) | N/A, you're in your home state | $150 + registered agent ~$150/yr |
Owner privacy options for either state: Wyoming anonymous LLC guide and Florida anonymous LLC guide.
Who you file with in Wyoming and Florida, and when
| Factor | Wyoming | Florida |
|---|---|---|
| Forms the LLC | Wyoming Secretary of State | Florida Division of Corporations |
| Takes the periodic report | Wyoming Secretary of State | Florida Division of Corporations |
| Reports and state taxes, first due dates for an LLC formed June 15, 2027 |
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| If the report is late | Wyoming sets no separate late fee, but a missed report still has consequences for the LLC. | Florida sets a $400 late fee, and a report left unfiled has further consequences. |
| State charges over five years | from $400 (from $160 in year one plus from $240 across years two to five) | $818.75 ($263.75 in year one plus $555 across years two to five) |
Our figures cannot rank the two over five years: Wyoming's total is a minimum and could exceed Florida'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: Wyoming vs Florida
| Factor | Wyoming | Florida |
|---|---|---|
| 5-year business survival rate | 47.5% (#42 of 51) | 49.5% (#34 of 51) |
| Business application growth (2026 YTD (Jan to Sep) vs 2025 YTD (same months)) | +14.7% YoY (#23 of 51 by volume) | +15.7% YoY (#1 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: Wyoming vs Florida
Wyoming
Florida
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
Wyoming charges $100 to form an LLC, while Florida charges $125. Wyoming is $25 cheaper upfront. The cost that usually gets overlooked: if you form in Florida but operate in Wyoming, you must also register as a foreign LLC in Wyoming (a $150 filing) and maintain a registered agent in Florida (typically around $150 per year). That puts the realistic first-year cost of the Florida route at roughly $425, versus $100 for simply forming in Wyoming. Only one side of this comparison is knowable: Wyoming publishes a standard turnaround (instant online; up to 15 business days paper), while Florida posts a rolling queue of the dates it's currently working through rather than a turnaround, so the two can't be ranked against each other on speed.
Taxes: Wyoming vs Florida
Neither Wyoming nor Florida levies a personal income tax, so there's no income-tax advantage to forming in either state. 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, your home state, actually offers more formation privacy than Florida: Wyoming allows anonymous LLC formation, while Florida requires owner or manager information on public filings. An authorized person signs the Articles, and the annual report lists managers/authorized members on Sunbiz, so management is a public record. 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. Wyoming's LLC act makes the charging order the exclusive remedy, and says so for single-member LLCs specifically. Florida's LLC act permits a court to foreclose on the interest of a sole member, and bars it where the company has more than one member. "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. To foreclose on a member's interest means a court orders that interest sold to pay the debt. We are reporting what each section says, not what a court would do with your facts. From a privacy standpoint there's no reason for a Wyoming-based business to form in Florida.
Annual Maintenance Costs
Wyoming LLCs file an annual report (at least $60, due in the anniversary month), and Florida LLCs file an annual report ($138.75, due May 1). If you form in Florida while operating in Wyoming, you maintain filings in both states, Florida's report plus Wyoming's equivalent for your foreign registration, and pay a Florida registered agent roughly $150 per year. Counting report fees, the agent and any entity-level tax, that brings the Florida route to roughly $348.75 a year, versus at least $60 to keep a domestic Wyoming LLC in good standing. The tax inside those totals: 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 Florida Actually Makes Sense
Forming in Florida makes sense in a few specific situations: your business genuinely operates in Florida, with a real office, employees, or property there, or you're relocating to Florida in the near future. For a typical small business based in Wyoming, none of these usually apply. Registering a Florida LLC to do business back home means $150 in Wyoming foreign-registration fees, on top of Florida's $125 formation fee, while Wyoming's own annual report runs at least $60 a year and is due in the anniversary month. Wyoming already allows anonymous formation, so the privacy argument for Florida doesn't apply to a Wyoming-based owner. When in doubt, form where you actually do business.
Frequently Asked Questions
Ready to form your LLC?
Using a formation service? We compare the 4 formation services that pay us a commission, on three-year service cost, BBB rating and Trustpilot score.
Compare LLC formation services →Or by state: Best LLC services in Wyoming, Best LLC services in Florida
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 Wyoming and Florida LLCs
Wyoming
Sources
6 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.
- Wyoming statute: W.S. 17-29-503 (charging order remedy)
- Florida statute: Fla. Stat. § 605.0503 (charging orders)
- sos.wyo.gov/Business/Default.aspxWyoming Secretary of State: business entity filings
- sos.wyo.gov/Business/docs/BusinessFees.pdfWyoming LLC filing fees
- dos.fl.gov/sunbiz/Florida Division of Corporations: business entity filings
- dos.fl.gov/sunbiz/forms/fees/Florida 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.