Compare LLC States: Wyoming vs Delaware, Nevada, NM, TX, FL

By Zawwad Ul Sami, Founder · Published October 15, 2026 · Updated October 15, 2026

Quick Answer

Across the 6 most-compared LLC states, Wyoming is the only one that combines a low fee ($100 to form, $60 a year), 0% state income tax, no owner names on any public filing, and a charging-order statute that covers single-member LLCs. New Mexico is cheaper ($50, no annual report) but has an income tax; Delaware charges $400 a year; Nevada $350; Florida and Texas publish managers' names.

How do the 6 LLC states compare on fees, taxes, privacy and protection?

State	Filing fee	Annual fee	State income tax	Owners on public record	Charging-order strength	Series LLC	LLC act	5-yr state fees
Wyoming	$100	$60 minimumor $0.0002 per $1 of Wyoming assets (W.S. 17-29-209)	None (0%); no franchise tax	No members or managers on any filing	★★★★★Strongest: exclusive, incl. single-member: Exclusive remedy, including single-member (W.S. 17-29-503(g))	Yes, $100 + $10 per series (W.S. 17-29-211)	1977	$340
Delaware	$110	$400 flat LLC taxdue June 1; no annual report; $200 penalty + 1.5%/month if late	None on LLC pass-through income earned outside Delaware	Not listed (no annual report)	★★★★☆Strong: exclusive, single-member unclear: Exclusive remedy; single-member not explicitly covered (6 Del. C. 18-703)	Yes (6 Del. C. 18-215)	1992	$1,710
Nevada	$425$75 articles + $150 initial list + $200 state business license	$350$150 annual list + $200 business license	None (0%); commerce tax above $4M gross revenue	Managers or managing members on the annual list	★★★★★Strongest: exclusive, incl. single-member: Exclusive remedy, including single-member (NRS 86.401)	Yes (NRS 86.296)	1991	$1,825
New Mexico	$50	$0no annual report; $20 triennial report under the 2024 Revised Uniform LLC Act	Graduated personal income tax; gross receipts tax on in-state activity	Not listed	★★★☆☆Moderate: Charging order remedy; single-member exclusivity less settled	No	1993	$50
Texas	$300	$0 reportfranchise tax 0.375% (retail/wholesale) or 0.75% on margin above the $2.65M no-tax-due threshold (2026-27 report years)	None (0%) on individuals; franchise tax on larger entities	Managers or managing members on filings and the Public Information Report	★★★★☆Strong: exclusive, single-member unclear: Exclusive remedy; single-member not explicitly covered (Tex. Bus. Orgs. Code 101.112)	Yes (Tex. Bus. Orgs. Code 101.601)	1991	$300
Florida	$125$100 filing + $25 registered agent designation	$138.75due May 1; $400 late fee	None (0%) on individuals; 5.5% corporate income tax on C-corps	Managers or managing members on the annual report (Sunbiz)	★★☆☆☆Weak for single-member (foreclosure): Exclusive for multi-member; single-member interests can be foreclosed (Fla. Stat. 605.0503(4), Olmstead 2010)	No	1982	$680

State fees only; add a registered agent ($25 to $200 a year) in every state unless you have an in-state address. Figures read on each state's site on October 15, 2026. Build your own side-by-side with the state comparison tool.

Which state is best for an LLC?

For most owners the answer is the state where the business physically operates, because that state will tax and register the LLC regardless of where it was formed. When you are free to choose, which is the case for holding companies, real estate held through entities, online businesses without a fixed base and non-US founders, Wyoming wins on the combination that matters: $100 to form, $60 minimum a year, none (0%); no franchise tax, no owner names on public filings and the exclusive charging-order remedy for single-member LLCs. Delaware is the choice for venture-backed companies that want Chancery Court precedent and investor familiarity; its $400 annual tax is the price. Nevada matches Wyoming's protection but costs $425 to start and $350 a year and publishes managers. New Mexico is cheapest and private but taxes income and lacks Series LLCs. Florida and Texas suit businesses located there, with Florida's single-member exposure after Olmstead the main caveat.

Where are the head-to-head comparisons?

Wyoming vs Delaware LLC

$60/yr vs $400/yr; Chancery Court; who should pick Delaware.

Wyoming vs Nevada LLC

Same protection, $1,300 cheaper over 5 years.

Wyoming vs New Mexico LLC

$50 and no report vs stronger statute and no income tax.

Wyoming vs Texas LLC

Franchise tax, manager disclosure, $750 foreign registration.

Wyoming vs Florida LLC

Olmstead and single-member LLCs; $138.75 vs $60.

Wyoming LLC vs Sole Proprietorship

When the $160 a year is worth it.

WLF vs LegalZoom

$497 all-in vs tiers plus a $249/yr agent.

WLF vs ZenBusiness

One-time price vs subscription over 5 years.

Comparing LLC States: Frequently Asked Questions

Which state is cheapest to form and maintain an LLC?

New Mexico is cheapest on paper: $50 to form and no annual report. Wyoming is next at $100 to form and $60 a year, and it adds the strongest single-member charging-order statute, no income tax and Series LLCs. Over five years in state fees alone: New Mexico $50, Wyoming $340, Texas $300, Florida $680, Nevada $1,825, Delaware $1,710.

Which states keep LLC owners off public records?

Wyoming, Delaware and New Mexico list no members or managers on the formation filing or any recurring report. Nevada, Texas and Florida publish managers or managing members on their annual list, Public Information Report or Sunbiz annual report.

Which state has the strongest charging-order protection?

Wyoming (W.S. 17-29-503(g)) and Nevada (NRS 86.401) make the charging order the exclusive creditor remedy and expressly extend it to single-member LLCs. Delaware and Texas have exclusive-remedy statutes that do not explicitly cover single-member LLCs. Florida allows foreclosure of a single-member interest after Olmstead v. FTC (2010). New Mexico's single-member position is less settled.

Does forming in a no-income-tax state avoid income tax?

No. Wyoming, Nevada, Texas and Florida levy no personal income tax, but LLC profit passes through to the owner and is taxed where the owner lives and where the business operates. Forming in Wyoming saves state tax only if you also live or operate in a no-tax state.

Should I form where I live or in Wyoming?

If the business has an office, employees or regular in-person work in your home state, form there, or you will register a Wyoming LLC there as a foreign LLC and maintain two states. Wyoming makes sense for holding companies, real estate held in per-property LLCs, online businesses without a fixed state, and non-US founders.

How current are these numbers?

Every fee and statute in the table was read on the state's own website on October 15, 2026; links are in the Sources section. States change fees, so confirm before filing.