Wyoming vs Delaware LLC: the short answer
If you sell online and fund the business yourself, compare Wyoming and New Mexico first. Wyoming has a $60 minimum annual report fee. New Mexico has no annual report and no yearly state fee.
Delaware charges $400 a year for an LLC. If you plan to raise money, ask your investors which state and company type they expect before you pay to form an LLC.
What each LLC costs per year
Wyoming charges a minimum annual report fee of $60 and has no state income tax. The fee can be higher if the LLC holds a large amount of assets in Wyoming, which is rare for an online business run from abroad.
Delaware charges a flat $400 annual LLC tax, due June 1. It rose from $300 starting with the 2026 tax year. Delaware LLCs pay this tax but do not file a state annual report.
What goes on the public record
Wyoming does not ask for LLC owners' names on the public formation filing. The registered agent and the person who signs as organizer can appear on it.
Delaware does not ask for member names on the standard certificate of formation either. In both states, banks and payment providers will still ask who owns and controls the business.
What investors and banks may ask for
Many US venture investors prefer a Delaware C corporation rather than an LLC. If you expect to raise venture money, ask whether they would invest in an LLC before you choose a state.
If a US bank account matters for your launch, check what each provider accepts for founders living in your country. Expect to be asked for your EIN, company documents and proof of identity.
Wyoming vs New Mexico LLC
New Mexico has no annual report and no yearly state fee. Wyoming has an annual report with a $60 minimum fee. If the yearly state charge is your main concern, New Mexico costs less.
Some banks and payment providers know Wyoming better, so compare the registered agent renewal price in each state as well before you decide. If your LLC is foreign-owned with one member, speak to a US accountant about Form 5472 in either state.
Which state fits your plans?
Put Wyoming on your shortlist if you run an online business with your own money and the $60 minimum yearly fee fits your budget. Compare it with New Mexico if keeping yearly state charges low matters most.
Put Delaware on your shortlist if an investor has asked for it. Confirm the company type they want, and include the $400 yearly LLC tax in your budget if you go with an LLC.
How Bison can help
Our Wyoming package starts at $349. It includes the state filing fee, the EIN application and one year of registered agent service. Details are on our Wyoming LLC page.
Prices for every other state are on our US LLC page. Tell us where you live, what you sell and whether you plan to bring in investors, and we will help you choose.