Minnesota LLC or Wyoming LLC?
If you run your business in Minnesota, here's what each route costs in state fees.
The short answer
For a business that operates in Minnesota, forming in Wyoming costs about $390 more over five years in state fees alone — before paying for a registered agent in Wyoming.
Form in Minnesota
Minnesota
Articles of Organization$135
Annual Renewal$0
Minimum fee (corporation franchise tax / pass-through entity minimum fee)$0
Year one$135
Each year after$0
5-year total$135
Form in Wyoming, register in Minnesota
Wyoming
Articles of Organization$100
Annual Report (with license tax; see state_taxes)$0
Annual report license tax$60 / yr
Minnesota (foreign registration)
Certificate of Authority (Foreign LLC); $205 online or in person$185
Annual Renewal$0
Minimum fee (corporation franchise tax / pass-through entity minimum fee)$0
Year one$285
Each year after$60
5-year total$525
What the fees don't show
- Forming in Wyoming while operating in Minnesota means two sets of reports and two sets of deadlines, adding about $60 a year.
- You need a registered agent with a street address in Wyoming. If you don't have one there, that's a paid service every year.
- Out-of-state formation makes the most sense when you raise outside investment, operate in many states, or have a specific legal reason — not as a default.
State fees only, from each state's official fee pages. Not legal or tax advice.