Which state is cheaper for an LLC: Florida or Wyoming?

Over 5 years, Wyoming is cheaper with an estimated total cost of $535, compared to $875 for Florida, saving you approximately $340.

Can I register in Wyoming if I live and work in Florida?

You can form an entity in Wyoming, but if your principal residence or business operations are in Florida, statutory nexus rules require you to register as a Foreign LLC in Florida. In Florida, the foreign filing fee is $125 plus annual foreign maintenance of $138.75/year.

2026 Head-to-Head Statutory Comparison

Florida vs Wyoming LLC

Wyoming protects member privacy from public registry databases; Florida makes all LLC managers and members public records on Sunbiz.

5-Year Cost Verdict: Wyoming saves an estimated $340 over 5 years.

Florida Model →Wyoming Model →

Direct Side-by-Side Fee Matrix

Statutory 2026 Fee Schedules

Metric	Florida	Wyoming
Initial State Filing Fee	$125	$100
Annual Report Fee & Frequency	$139 (annual)	$60 (annual)
Annual Franchise Tax	$0 / None	$0 / None
5-Year Estimated True Cost	$875	$535
Public Member Anonymity	Public	High (Anonymous)
Foreign Qualification Fee	$125 upfront ($139/yr)	$150 upfront ($60/yr)

The Reality of Forming Out-of-State

Operating in Florida with a Wyoming LLC?

If you live or conduct physical business in Florida and form in Wyoming, you must register as a Foreign LLC in Florida. This means paying Wyoming's formation fee ($100) PLUS Florida's foreign filing fee ($125) and two annual registered agent fees.