Home State vs Foreign State

Home State vs Foreign State › New York › vs Wyoming

New York LLC vs Wyoming LLC with New York registration

Forming in New York costs $200; forming in Wyoming costs $100 and then New York charges $250 to register it, so $350 to start.

Line by line

State feeLLC formed in New YorkLLC formed in Wyoming, registered in New York
Formation in WyomingNone$100
Formation in New York$200None
New York foreign registrationNone$250
Wyoming yearly filing, two yearsNone$120
New York yearly filing, two years$9$9
Two years of state fees$209$479

Over two years the Wyoming route costs $270 more in state fees than forming at home.

State income, franchise and gross-receipts taxes are separate, are not in these totals and are the same or similar on both routes.

If you register in New York

Mainstay Filing prepares the New York registration (Form DOS-1361-f-a, Application for Authority of a Foreign Limited Liability Company) for $199 plus the state fee, with the registered agent included for the first year. The 3 services we rank for New York are on the New York page.

Where the numbers come from

Wyoming: formation and yearly filing from Wyoming’s own pages. New York: foreign registration and yearly filing from the New York Department of State, Division of Corporations and the sources on the New York page.