Selecting Wyoming vs. Delaware for Fund LLC
We get this question a lot. The two most popular states are Wyoming and Delaware. The table below compares the two states to help you decide.
Criteria | Wyoming | Delaware |
State corporate income tax | No | Yes |
State personal income tax | No | Yes |
Tax on corporate shares | No | No |
Franchise tax | No | Yes |
Minimum initial filing fee | Yes | No |
Minimum annual fees | Yes | No |
Single owner corporation allowed | Yes | Yes |
Stockholders revealed to state | No | No |
Annual report required one year after the incorporation date | No | Yes |
Filing of initial list of members or officers with the state | No | Yes |
General business license required | No | No |
Unlimited stock of any par value allowed | Yes | Yes |
Nominee shareholders allowed | Yes | No |
Share certificates required | No | Yes |
Minimum capital requirements | No | No |
Meetings can be held anywhere | Yes | Yes |
Directors, officers, employees, and agents statutorily indemnified | Yes | No |
Adoption of a corporation established in another state allowed | Yes | No |
Collection of corporate income tax information for sharing with the IRS | No | Yes |
Fees | Wyoming | Delaware |
Initial filing fee | $100 | $90 |
Same day service | NA | $100 |
Change registered agent | $0 | $50 |
Annual fee | $50 or % of assets | $250 or % of assets |
Certificate of good standing | $175 / $50 | $0 |
