Wyoming vs Florida LLC at a glance
| Criteria | Wyoming | Florida |
|---|---|---|
| State filing fee | $103 (standard · online) | $125 (standard · online) |
| Documents back in | about 2 days | about 3 days |
| Yearly state cost | $60 minimum | $138.75 |
| Yearly due date | First day of your anniversary month | Between January 1 and May 1 |
| If you file late | Dissolved after 60 days | $400 late fee after May 1 |
| Managers named on public filingsFlorida's annual report must name at least one person with authority to manage the LLC. | ||
| State income tax on an LLC owned by individualsFlorida's 5.5% corporate income tax applies only to LLCs taxed as corporations. | ||
| First year with our Starter plan | $452 | $474 |
Cost: Florida's annual report costs more, and so does missing it
Florida costs $125 to form, against $103 in Wyoming. Every year after, Florida's annual report costs $138.75: a $50 filing fee plus an $88.75 supplemental fee set by state law. Wyoming's annual report comes with a license tax of $60, or $0.0002 per dollar of assets located and employed in Wyoming if that's higher.
| Wyoming | Florida | |
|---|---|---|
| Year 1 (formation) | $103 | $125 |
| Each year after | $60 | $138.75 |
| Formation + 4 yearly payments | $343 | $680 |
| The same in rupees (indicative) | ₹32,800 | ₹65,000 |
Florida's deadline is strict. The report is filed online between January 1 and May 1, starting the year after you form. File after May 1 and Florida adds a $400 late fee, and its own filing instructions say there's no provision to waive it. If the report still isn't in by the third Friday in September, the LLC is administratively dissolved on the fourth Friday.
Wyoming's report is due on the first day of your anniversary month, starting the year after you form. There's no fixed late fee, but a report more than 60 days late gets the LLC administratively dissolved. See LLC annual fees by state to compare every state's deadline.
Privacy: what Florida and Wyoming make public
Florida's Articles of Organization must include the company name, the street and mailing addresses of its principal office, and the registered agent's name, Florida street address and signed acceptance. Names and addresses of managers or authorized members are optional on the articles.
The annual report is where names appear. Florida law requires every annual report to give the name, title or capacity, and address of at least one person with authority to manage the company, so from your first report a manager or authorized member is on the state record. Florida's own filing instructions add that most financial institutions require that information to be recorded with the state before they open an account.
Wyoming's Articles of Organization don't ask for members or managers at all. They list the registered agent, a mailing address and a principal office address, signed by an organizer who can be your formation service. In both states, give a business address wherever you don't want your home address on file.
Neither state hides you from the IRS or your bank. US-formed LLCs no longer file federal beneficial ownership reports since FinCEN's final rule took effect on August 14, 2026; see BOI reporting in 2026.
Taxes: which LLCs pay state income tax?
Wyoming has no corporate or personal income tax. Florida has no personal income tax either. It does have a 5.5% corporate income tax, but it reaches an LLC only if the LLC is classified as a corporation for tax purposes.
A single-member LLC owned by an individual and treated as a disregarded entity doesn't file a separate Florida corporate return. An LLC taxed as a partnership files Florida's partnership information return only if one of its owners is a corporation. So for most small LLCs owned by people rather than companies, Florida adds no state income tax.
Your federal obligations are the same in both states. A single-member LLC owned by a non-US person files Form 5472 with a pro forma Form 1120 in any year it has reportable transactions with its owner. Read US taxes for non-resident LLC owners for how US income tax works.
When a Florida LLC is the better choice
If your business will actually operate in Florida, form there. Florida law says an out-of-state LLC can't transact business in Florida until it gets a certificate of authority, and one that operates without it can face a civil penalty of $500 to $1,000 for each year, plus the fees and penalties it would have paid. A Wyoming LLC with a Florida office would end up filing and paying in both states every year.
Florida's law also lists activities that don't count as transacting business on their own, such as keeping a bank account, selling through independent contractors or doing business in interstate commerce. Having customers in Florida doesn't automatically mean you must register. If you're unsure, ask a US lawyer or CPA, and read the Florida state guide.
Which should you choose?
- Run from India or elsewhere outside the US: Wyoming.
- You or your team will work from Florida: Florida.
- The lowest yearly cost, with no annual report: compare Wyoming vs New Mexico.
- Deciding between big US markets for an office: see Wyoming vs Texas too.
- Not sure which state fits: read the best state for an LLC as a non-resident.
Frequently asked questions
How much is the Florida LLC annual report fee?
When is the first Florida annual report due?
Does a Florida LLC have to list its owners publicly?
Does Florida tax my LLC's income?
Can I form a Wyoming LLC and do business in Florida?
What happens if I miss Florida's May 1 deadline?
Sources
- Florida Statutes § 605.0201, articles of organization
- Florida Statutes § 605.0212, annual report contents and deadline
- Florida Statutes § 605.0213, LLC filing fees
- Florida Statutes § 607.193, supplemental fee and $400 late charge
- Florida Statutes § 605.0714, administrative dissolution
- Florida Statutes § 605.0902, certificate of authority for out-of-state LLCs
- Florida Statutes § 605.0904, doing business without a certificate of authority
- Florida Statutes § 605.0905, activities that aren't transacting business
- Florida Division of Corporations, LLC Articles of Organization instructions (CR2E047)
- Florida Department of Revenue, corporate income tax
- Florida Constitution, Article VII, Section 5 (income taxes)
- Wyoming Secretary of State, business FAQs (annual report and dissolution)
- Wyoming Secretary of State, LLC Articles of Organization form
- Wyoming Secretary of State, business filing fees
- Wyoming Business Council, tax climate (no corporate or personal income tax)
- FinCEN, beneficial ownership information reporting
- IRS, Instructions for Form 5472
Facts checked on September 17, 2026 against the sources above. Rules and fees change, so confirm anything important with the official source. Register Quick LLC is not a law firm or CPA firm, and this page is general information, not legal or tax advice.
