Wyoming LLC vs Florida LLC (2026)
Written for owners based in Wyoming.
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Compare Wyoming LLC vs Florida 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: September 13, 2026
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.
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| 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 |
Full fee breakdown for either state: Wyoming LLC cost and Florida LLC cost.
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 Jul) vs 2025 YTD (same months)) | +13.3% YoY (#22 of 51 by volume) | +15.5% 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
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. Montana's annual report is free when filed by April 15 and $35 after, a waiver that applies to reports filed between January 1 and April 15. 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
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 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. 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. Wyoming's charging-order statute (W.S. 17-29-503) makes the charging order a creditor's exclusive remedy (including for single-member LLCs) and is widely regarded as the strongest in the country. 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 ($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. That brings ongoing costs of the Florida route to roughly $348.75 per year, versus about $60 to keep a domestic Wyoming LLC in good standing. One more recurring cost to budget for: 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 $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
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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.