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

Over 5 years, Wyoming is cheaper with an estimated total cost of $535, compared to $2,020 for Nevada, saving you approximately $1,485.

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

You can form an entity in Wyoming, but if your principal residence or business operations are in Nevada, statutory nexus rules require you to register as a Foreign LLC in Nevada. In Nevada, the foreign filing fee is $425 plus annual foreign maintenance of $350/year.

2026 Head-to-Head Statutory Comparison

Nevada vs Wyoming LLC

Wyoming delivers equivalent charging order protection and privacy at a fraction of Nevada's fees ($100 initial + $60/yr vs $425 initial + $350/yr).

5-Year Cost Verdict: Wyoming saves an estimated $1,485 over 5 years.

Nevada Model →Wyoming Model →

Direct Side-by-Side Fee Matrix

Statutory 2026 Fee Schedules

Metric	Nevada	Wyoming
Initial State Filing Fee	$75	$100
Annual Report Fee & Frequency	$350 (annual)	$60 (annual)
Annual Franchise Tax	$0 / None	$0 / None
5-Year Estimated True Cost	$2,020	$535
Public Member Anonymity	High (Anonymous)	High (Anonymous)
Foreign Qualification Fee	$425 upfront ($350/yr)	$150 upfront ($60/yr)

The Reality of Forming Out-of-State

Operating in Nevada with a Wyoming LLC?

If you live or conduct physical business in Nevada and form in Wyoming, you must register as a Foreign LLC in Nevada. This means paying Wyoming's formation fee ($100) PLUS Nevada's foreign filing fee ($425) and two annual registered agent fees.