 Colorado |  Wyoming | |
|---|---|---|
| All-in to start with usOur $40 fee with the EIN, the registered agent for the first year, and the state fee. | $135 | $187.40 |
| State filing fee | $50 | $102.40 |
| Typical approval time | Same day | 1–3 business days |
| What the state asks each year | Periodic report $10 | Annual report from $60 |
| Yearly state cost, about | $10 | $60 |
| Total over 5 years, aboutFormation, then four years of registered agent ($45) and state fees. Excludes bookkeeping and IRS filings, which are the same in every state. | $355 | $607.40 |
| State income tax on wages | Yes | None |
| Owners in the public formation document | Can be listed | Not listed |
| Newspaper publication after formation | No | No |
Colorado against Wyoming
Advantages
- Cheaper to form: $50 state fee against $102.40 in Wyoming.
- Cheaper to keep: about $10 a year to the state, against $60 in Wyoming.
Disadvantages
- Has a state income tax, though it normally only reaches income connected to the state.
- Owners can appear in the public state record.
Wyoming against Colorado
Advantages
- No state income tax on wages.
- Owners are not named in the public formation document.
- The state that introduced the LLC in 1977, and the most common choice of non-resident founders.
Disadvantages
- Costs $52.40 more to form than Colorado.
- About $50 a year more to keep than Colorado (annual report from $60).
Which one to choose
For the lowest cost over time, Colorado: about $252.40 less over five years.
If your company will have staff, an office or a warehouse in one particular state, form it there: otherwise you register in that state anyway. Federal taxes and IRS filings are the same in every state.
General information about the states, not legal or tax advice. State fees change occasionally; the price at checkout is the price you pay.
Colorado or Wyoming
Questions about this comparison
Is a Colorado or a Wyoming LLC cheaper?
Colorado is cheaper to form: $135 all-in with us, against $187.40. Each year after, Colorado costs the state about $10 and Wyoming about $60, plus $45 for the registered agent.
Which is faster, Colorado or Wyoming?
Colorado usually approves an LLC in same day, Wyoming in 1–3 business days. We file within 48 hours of payment in either state.
Can a non-US resident form an LLC in Colorado or Wyoming?
Yes, in both. Neither state asks for citizenship or residency, and the registered agent we include provides the in-state address. The EIN is included without an SSN.
Another pair