The numbers at a glance
| Ohio | Wyoming | |
|---|---|---|
| Filing fee | $99 | $100 |
| Annual report | None | $62 (annual) |
| Franchise tax min | $0 | $0 |
| Top state income tax | 3.5% | 0% |
| Privacy score | 5/10 | 9/10 |
| Banking accessibility | 8/10 | 8/10 |
| Standard processing | 5d | 1d |
| 5-year total cost | $349 | $660 |
On pure 5-year cost, Ohio comes out ahead by $311. But cost is rarely the only factor.
When Ohio wins
- No annual report
- No traditional corporate tax
- CAT exemption raised to $3M
- You physically operate in Ohio — staying in-state avoids foreign-LLC qualification costs.
When Wyoming wins
- No state income tax
- Strongest charging-order protection
- Anonymous LLC allowed
- Low $62 annual fee
- Series LLC available
Hidden costs of forming in Wyoming from outside
If you live and operate in Ohio but form in Wyoming, you almost always pay both states' annual fees because you must register as a foreign LLC in Ohio. The advertised cost difference often disappears entirely once foreign qualification fees and dual registered agents are factored in.
Decision framework
- Operating in Ohio? Form in Ohio.
- Pure holding company or non-resident? Wyoming wins on cost and privacy.
- Raising VC money? Delaware C-Corp is the standard. Ohio won't be accepted by most institutional investors.
See the full Wyoming guide for Wyoming-specific details, or jump to our 5-question quiz to get a personalized shortlist.