Filing an LLC in Wyoming will take around 15 minutes and cost $100
Besides having a business-friendly environment, Wyoming is a favorite among small-business owners for incorporation because they do not require an annual state income tax filing.
This may be a particularly good option for multi-owner LLCs who will need to file 1065 forms, considering TaxACT charges $35 for the state return each year. If your home state charges significantly for the initial filing and the annual reports, Wyoming might be the next-best option. You can see the cost of each state’s initial fees and annual fees here.
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