Home State vs Foreign State

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Rhode Island LLC vs Wyoming LLC with Rhode Island registration

Forming in Rhode Island costs $150; forming in Wyoming costs $100 and then Rhode Island charges $150 to register it, so $250 to start.

Line by line

State feeLLC formed in Rhode IslandLLC formed in Wyoming, registered in Rhode Island
Formation in WyomingNone$100
Formation in Rhode Island$150None
Rhode Island foreign registrationNone$150
Wyoming yearly filing, two yearsNone$120
Rhode Island yearly filing, two years$100$100
Two years of state fees$250$470

Over two years the Wyoming route costs $220 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 Rhode Island

Mainstay Filing prepares the Rhode Island registration (Form 450, Application for Registration for 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 Rhode Island are on the Rhode Island page.

Where the numbers come from

Wyoming: formation and yearly filing from Wyoming’s own pages. Rhode Island: foreign registration and yearly filing from the Rhode Island Department of State, Business Services Division and the sources on the Rhode Island page.