Selecting Wyoming vs. Delaware for Fund LLC

Updated 6 months ago by Sanjay Vora

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

 

Source:  https://www.upcounsel.com/wyoming-vs-delaware-llc


How did we do?