Head-to-head • Updated 2026
Wyoming vs Florida: $62 Privacy Haven vs No-Income-Tax Home Base
Wyoming wins on privacy and pennies; Florida wins for founders who actually live and operate there.
Quick answers
- Should I choose Wyoming or Florida?
- Live in Florida: form in Florida. Live anywhere else and want cheap + private: Wyoming. Never pay both without operating in both.
| Wyoming | Florida | |
| Annual floor | $62 | ~$139–$150 report |
| Privacy | No member disclosure, charging-order statute | Standard disclosure |
| Corp tax | 0% | 5.5% over $50k exempt |
Cost to form and keep
| Formation | Annual minimum | Due | |
| Wyoming | $100 Articles of Organization or Incorporation | $62 | Anniversary month |
| Florida | $125 Articles of Organization (LLC); $70 Articles of Incorporation | $138.75–$150 report | May 1 ($400 late) |
Before registered-agent fees and before any tax on profit. Operating in a state means paying it no matter where the entity was formed.
Wyoming: what else to know
- $60 minimum license tax plus a $2 online fee; only assets located and employed in Wyoming count toward the $300,000 line.
- No state income tax on the entity or its owners.
- A registered agent with a Wyoming address is required: commercial agents typically charge $25–$150 a year.
Full rules: Start a Wyoming LLC.
Florida: what else to know
- The annual report opens January 1; filing after May 1 adds a $400 late fee.
- C-corps pay 5.5% of Florida net income above a $50,000 exemption; LLCs and most S-corps pay no Florida income tax.
- No personal income tax.
Full rules: Florida corporate tax.
Verdict
Live in Florida: form in Florida. Live anywhere else and want cheap + private: Wyoming. Never pay both without operating in both.
Test where you actually owe tax with the nexus checker before choosing a home state.
Other head-to-heads
Sources
- State SOS / FTB / Division / Comptroller fee schedules; calculators on this site