For the complete documentation index, see llms.txt
For the complete documentation index, see llms.txt
Do I have to pay franchise tax in Delaware or Wyoming?
It depends on the state: Delaware has a franchise tax, while Wyoming does not. Wyoming has a different annual fee instead.
- Delaware: Every corporation must file an annual report and pay franchise tax for each year it existed, even if it existed for only part of the year.
- Wyoming: There is no franchise tax. Instead, LLCs pay an annual report license tax.
## Wyoming annual report license tax:
The fee is whichever is greater:
1. A flat $60 minimum, or
2. 0.02% of the value of assets located in Wyoming.
For most small LLCs without significant Wyoming-based assets, this usually works out to the $60 minimum.