What are the benefits of Wyoming LLCs?

Each state comes with its own pros and cons for incorporation, but there are two clear leaders for US businesses: Wyoming for LLCs, and Delaware for C Corps.

If you're looking to create an LLC, we recommend incorporating in Wyoming for the following reasons:

1) Leading privacy protections — no need to disclose the identity of your LLC members (or any other personal information)

2) No state income tax

3) No franchise taxes

4) Low fees — the annual report license tax is just $60 per year.

Not sure which business structure is right for you? Click here for more information about the differences between LLCs and C Corps.