LLC Annual Cost: WY vs DE vs NV 2026
Wyoming, Delaware, and Nevada are consistently marketed as the “best” states to form an LLC. But once the LLC is formed, you face annual maintenance costs that vary significantly between these three states. Here is a clear 2026 comparison of what you will actually pay each year.
Wyoming Annual Costs
- Annual report fee: $60 (minimum) — based on assets in Wyoming. Most small LLCs pay the $60 minimum.
- Franchise tax: None.
- Registered agent: $50–$100/year (third-party) or free if you are your own agent.
- Total annual cost: $60–$160/year.
Delaware Annual Costs
- Annual franchise tax: $300 flat fee for LLCs.
- Registered agent: $50–$300/year (required; must have a Delaware address).
- Total annual cost: $350–$600/year.
Nevada Annual Costs
- Annual list filing: $150.
- Business license: $200.
- Registered agent: $50–$200/year.
- Total annual cost: $400–$550/year.
Side-by-Side Comparison
For a simple single-member LLC with no employees and minimal Wyoming assets:
- Wyoming: ~$110/year (cheapest by far)
- Delaware: ~$450/year
- Nevada: ~$450/year
Over 5 years, Wyoming saves approximately $1,700 compared to Delaware or Nevada. Over 10 years, that savings exceeds $3,400.
Compare LLC costs for any state
Use CalcViral's LLC Cost Calculator to see formation and annual costs for all 50 states.
The Hidden Cost: Foreign Qualification
If you form your LLC in Wyoming, Delaware, or Nevada but operate in a different state, you must register as a “foreign LLC” in your home state. This means paying registration fees and annual fees in both states. For example, a Wyoming LLC operating in California pays Wyoming's $60 annual fee plus California's $800 franchise tax and $20 filing fee — a total of $880/year. In this scenario, it would be cheaper to simply form the LLC in California.
When Out-of-State Formation Makes Sense
- Multi-state businesses: If you operate in multiple states anyway, a “neutral” state like Wyoming or Delaware for your parent LLC can simplify governance.
- Venture-backed startups: Delaware is essentially required for fundraising due to its established corporate law.
- Asset protection: Wyoming's charging order protections are the strongest in the nation.
- Privacy: All three states offer strong privacy for LLC members.
Disclaimer: LLC costs and regulations change. This comparison reflects 2026 data. Consult a business attorney or CPA for advice specific to your situation.