The short answer
Yes — Wyoming is a reasonable LLC home for the right founder. Strong points: No state income tax, Strongest charging-order protection.
Three deciding questions
1. Do you live or operate in Wyoming?
If yes, form here. Out-of-state formation while operating in Wyoming costs double, not half.
2. What is the 5-year all-in cost?
$660 (filing + 5 × annual report + $50 registered agent + franchise minimums). This is the actual number to compare across states.
3. What are your three real requirements?
- Privacy: 9/10 (strong — members not on public filings).
- Banking: 8/10 (workable but not premium).
- Cost: low 5-year total.
Wyoming pros
- No state income tax
- Strongest charging-order protection
- Anonymous LLC allowed
- Low $62 annual fee
- Series LLC available
Wyoming cons
- Annual fee scales 0.0002 × in-state assets (min $62)
Most common alternative
Wyoming for cost + privacy. Delaware for VC-backed startups. Your home state if you operate there. Run the 5-question quiz for a personalized shortlist.