Where should the LLC be formed? For an online or service business owned from abroad, Wyoming and New Mexico are the usual picks; Delaware if investors are involved; Florida or Texas if you want a large-state name.
Delaware $195
The best-known jurisdiction for investors and holding structures, with a specialised business court. 2–3 weeks (expedite available) · Franchise tax $300 Florida $210
No state income tax, fast filings and a large international banking scene. 2–5 business days · Annual report $138.75 New Mexico $135
The lowest running cost in the country: no annual report and no annual fee. 1–3 business days · None Texas $385
A large economy, no state income tax, and a name that reads well on an invoice. 3–5 business days · Franchise tax report (no tax under threshold) Wyoming $185
The favourite of non-resident founders: low fees, strong privacy, no state income tax and no citizenship requirement. 1–3 business days · Annual report from $60 Or any other state Alabama — $285 Alaska — $335 Arizona — $135 Arkansas — $130 California — $155 Colorado — $135 Connecticut — $205 Delaware — $195 District of Columbia — $184 Florida — $210 Georgia — $185 Hawaii — $135 Idaho — $185 Illinois — $235 Indiana — $180 Iowa — $135 Kansas — $245 Kentucky — $125 Louisiana — $185 Maine — $260 Maryland — $185 Massachusetts — $585 Michigan — $135 Minnesota — $240 Mississippi — $135 Missouri — $135 Montana — $120 Nebraska — $185 Nevada — $510 New Hampshire — $185 New Jersey — $210 New Mexico — $135 New York — $285 North Carolina — $210 North Dakota — $220 Ohio — $184 Oklahoma — $185 Oregon — $185 Pennsylvania — $210 Rhode Island — $235 South Carolina — $195 South Dakota — $235 Tennessee — $385 Texas — $385 Utah — $144 Vermont — $210 Virginia — $185 Washington — $285 West Virginia — $185 Wisconsin — $215 Wyoming — $185
