State of Wyoming · Last verified September 8, 2026
Wyoming
The cheapest serious place to hold an LLC.
TRI Score
91.2
Exceptional
#1 Best States to Form an LLC
Overview
Our assessment
Wyoming ranks first for holding companies and small operators: low annual costs, strong privacy and no state income tax. It is not the right answer if you actually operate elsewhere.
Best for
- Holding companies
- Owners prioritising privacy and low fees
Not ideal for
- Businesses with physical operations in another state
Score breakdown
Why it scored 91.2
- Capability30%
- 88
- Value20%
- 98
- Ease of Use15%
- 92
- Reliability15%
- 90
- Professional Utility10%
- 88
- Momentum10%
- 84
How much the product can actually do, and how well it does the core job.
What you get for the price, including what the free plan really covers.
Time from signup to useful result, without training or a consultant.
Consistency, uptime, support responsiveness and predictable behaviour.
How well it fits real professional workflows, not demos.
Rate of meaningful improvement over the last two evaluation cycles.
Trade-offs
Strengths and weaknesses
- Very low annual costs
- Strong owner privacy
- Foreign registration still required where you operate
- Thinner business case law
Score history
How the score moved
- Jan 202688.8
- Apr 202689.6
- Jun 202690.4
- Sep 202691.2Latest evaluation cycle.
Head-to-head
Compared with
- No published head-to-heads yet.
Evidence
Sources
- Public dataPublic pricing and documentation
Where a claim could not be verified, we label it rather than estimate it. Read the methodology.