|
Delaware LLC |
Wyoming
LLC |
|
Delaware is for big business. The Chancery
Court is best for those businesses that are publicly held. |
Wyoming is for small business. Small and
privately controlled companies are best served by a Wyoming LLC. |
|
Delaware offers the series LLC when it's better
to have an LLC within an LLC. This is an unproven structure. Most
attorneys don't know how to work with it. Those who do typically charge
much more than $500 per hour. |
Wyoming LLC filing fees, and lack of a
franchise tax, allow for several LLC's to be formed and operated when
needed. Low cost, manageability, flexibility, and the focus on small;
business make it a good choice. Easy to understand. |
|
Delaware copied from the Wyoming LLC Act.
|
WYOMING
invented the American LLC in 1977, as it was modeled after the 1892
German company law known as Gesellschaft mit beschrnkter Haftung (GmbH).
Nevada and Delaware copied Wyoming's LLC and profited from it most through
better marketing. |
|
Delaware sells more LLC's because they have
more incorporators in that state. Delaware is best for large companies
where the stock is traded on an exchange. |
Wyoming only has
about 500,000 in their population and with a handful of incorporators. The
state is low key and the residents have a great respect for property rights.
Again, their focus is on the small business. |
|
Charging order can work with the Delaware LLC. |
Charging can
work with the Wyoming LLC. |
|
COST |
|
DELAWARE LLC |
WYOMING LLC |
|
Delaware filing fee for the LLC is $90. |
Wyoming filing fee for the LLC is $100. |
|
Delaware franchise tax is $200.
|
Wyoming has no franchise tax. The annual
report fee is $50. |
|
Registered Agent Service $50. |
Registered Agent Service $50 |
|
ANNUAL RENEWAL |
|
DELAWARE LLC |
WYOMING LLC |
|
Annual Franchise Tax $200 ($100 fee is paid
late) |
No Franchise Tax |
|
Annual filing $0 |
Annual report $50 |
|
Registered agent $50 |
Registered Agent $50 |
|
DELAWARE LLC RENEWAL $250 |
WYOMING LLC RENEWAL $100 |
