Wyoming vs Florida: what an LLC really costs
Wyoming charges $100 to form an LLC and Florida charges $125, but over 5 years the totals are $400 and $819. Both figures computed from each state's own fee schedule, plus what forming in one while operating in the other actually costs.
Estimate only — not tax, legal, or accounting advice. This is the published math for Wyoming and Florida LLC costs. Confirm final figures with your payroll provider, accountant, or the state agency before acting on them.
Figures assume you act as your own registered agent, which is lawful in most states and costs nothing — so this compares STATES rather than service purchases.
| Wyoming | Florida | |
|---|---|---|
| Filing fee | $100 | $125 |
| Annual report | $60 annual | $139 annual |
| Report due | $60 is the MINIMUM, not a flat fee: the Annual Report License Tax is $60 or two-tenths of one mill on the dollar ($.0002) of the company's Wyoming assets, whichever is greater. Due every year on the first day of the anniversary month of formation; if not paid within 60 days of the due date the entity is subject to dissolution. Payable to the Wyoming Secretary of State. | $138.75 total, and like the filing fee it is two statutes: $50 for the annual report under §605.0213(5) plus an $88.75 annual supplemental corporate fee under §607.193(1). Due between January 1 and May 1 of each calendar year; the first report is due in the year AFTER the year of formation, so an LLC organized in 2026 files its first report in 2027. Filing after May 1 triggers a $400 late charge, which §607.193(2)(b) attaches to the supplemental fee, and it is not waivable for ordinary lateness. |
| Other yearly obligations | none | none |
| Per year, total | $60 | $139 |
| Year one | $160 | $264 |
| Year 5 total | $400 | $819 |
| Be your own agent? | yes, $0 | yes, $0 |
Forming in Wyoming while operating in Florida
+$900 to +$1,900
over 5 years, against simply forming in Florida.
- Forming in Wyoming while operating in Florida costs $900 to $1,900 MORE over 5 years than simply forming in Florida — and it cannot come out cheaper, because you carry the home state either way.
- Operating in Florida means registering there whichever state you formed in, so the Wyoming structure adds a second filing, a second annual report, and a second registered agent rather than replacing the first.
- It also does not move your tax: state income and franchise tax follow where the money is earned and where the business operates, not where the articles were filed.
- Failing to register in the state you actually operate in carries penalties and can cost you the right to bring a lawsuit there — the downside is not only the fees below.
Frequently asked
- Is it cheaper to form an LLC in Wyoming or Florida?
- Over 5 years, Wyoming — $400 against $819, acting as your own registered agent. That matches the filing-fee answer here, which is not always the case.
- Should I form in Wyoming if my business operates in Florida?
- On fees, no — and it is not close. Operating in Florida means registering there as a foreign LLC whichever state you formed in, so the Wyoming structure adds a second filing, a second annual report and a registered agent you must rent, on top of everything Florida charges anyway. Over 5 years that is $900 to $1,900 more than simply forming in Florida.
- Does forming in Wyoming lower my taxes?
- No. State income and franchise taxes follow where the business earns and operates, not where the articles were filed. That is why the fee comparison on this page is the whole of the fee argument — and the fee argument does not favour the two-state structure either.
Verified 2026-08-04 against Wyoming Secretary of State, Business Division Filing Fee Schedule Effective July 1st, 2026 (Revised June 2026) (effective 2026-07-01)
Verified 2026-08-04 against Fla. Stat. §605.0213 (2025), Fees of the department — Florida Revised Limited Liability Company Act (effective 2026-01-01)
Full detail: Wyoming · Florida · Or compare any two verified states.