Nevada LLC or Wyoming LLC?
If you run your business in Nevada, here's what each route costs in state fees.
The short answer
For a business that operates in Nevada, forming in Wyoming costs about $340 more over five years in state fees alone — before paying for a registered agent in Wyoming.
Form in Nevada
Nevada
Articles of Organization (plus required $150 Initial List and $200 State Business License fee = $425 total)$75
Annual List of Managers or Members (with State Business License renewal)$150 / yr
State Business License fee$200 / yr
Commerce Tax$0
Year one$425
Each year after$350
5-year total$1,825
Form in Wyoming, register in Nevada
Wyoming
Articles of Organization$100
Annual Report (with license tax; see state_taxes)$0
Annual report license tax$60 / yr
Nevada (foreign registration)
Application for Registration of Foreign Limited-Liability Company (plus $150 Initial List and $200 State Business License)$75
Annual List of Managers or Members (with State Business License renewal)$150 / yr
State Business License fee$200 / yr
Commerce Tax$0
Year one$525
Each year after$410
5-year total$2,165
What the fees don't show
- Forming in Wyoming while operating in Nevada 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.