Wyoming is often chosen for its low fees. The fees are especially low when compared to other popular domiciles such as Nevada and Delaware, and notoriously high fee states such as California and New York.
While Wyoming LLC fees are not as low as those for New Mexico LLCs, the higher prices are often worth the price due to the enhanced asset protection. See below a list of fees. The table shows the Secretary of State’s fee, our handling fee and whether the Secretary of State makes the filing public.
If made public, then it means filing it yourself will enter your name into the public record. This will publicly tie you to the company and end the privacy benefits Wyoming LLCs enjoy. Learn more about Wyoming LLC privacy here.
The above fees are significantly lower than competing states. See a more complete comparison between Wyoming, Nevada and Delaware here. You may also view a New Mexico LLC fee schedule here.
Wyoming LLCs are often formed for their asset protection features. If these are not important, than you may want to consider forming a New Mexico LLC. They offer the same anonymity as Wyoming LLCs at a lower cost. This is primarily due to there being no annual reports to file. This reduces costs signficantly over time.