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WyomingLLC Launch: Why $297 Beats $1,997

WyomingLLC launched this month at $297 + state fee. Most established competitors (doola, Firstbase, Stripe Atlas) charge between $500 and $1,997 for the same core service: Wyoming LLC formation, EIN, registered agent, operating agreement, US bank account introductions. We do not think the higher price gets you more. This post explains the math we ran, the trade-offs we picked, and what it means if you are deciding between us and a larger player.

Answer

WyomingLLC formed because the non-resident LLC market has been overpriced for years. Established competitors charge $1,997 (doola Total Compliance) or $999 (Firstbase) or $500 (Stripe Atlas, Delaware-only) for the same core service we deliver at $297 + state fee. We are smaller, leaner, and not chasing VC-scale margins. So we pass the savings to the founders we serve. This post explains the math.

By Zawwad, Founder & CEO, WyomingLLC by Topslice LLC.

Last updated May 20, 2026

The pricing landscape we entered

When we started looking at the non-resident LLC formation market in early 2026, three companies dominated the conversation. doola at $1,997/year (Total Compliance). Firstbase at $999 base plus unbundled add-ons. Stripe Atlas at $500 (Delaware only).

All three deliver fundamentally the same product. A US LLC formed in 24 to 72 hours. An EIN obtained via IRS Form SS-4 (8 to 10 business days regardless of which provider you use). A registered agent. An operating agreement. Bank introductions to Mercury, Relay, or Wise. The actual filing work takes a paralegal maybe 30 minutes. The IRS does the EIN work for free.

So why does the market charge $500 to $2,000? Three reasons: brand, sales overhead, and venture-backed cost structure. doola raised over $20M in venture funding. Firstbase raised $50M+. Atlas runs inside Stripe with corporate margin expectations. All three have to pass those costs to customers.

Our math: how we land at $297

We are smaller. We operate out of New York and Dhaka, with a tiny team of paralegals and customer support. We do not run paid ads at scale (yet). We do not have a $20M venture round to pay back.

The cost breakdown for delivering each LLC formation at our end:

  • Wyoming SoS filing fee: $100 (passed directly to state, the "+ state fee" portion)
  • Registered agent year 1: ~$30 wholesale (we sell at retail markup year 2+)
  • EIN filing labor: ~$20 (one paralegal, 30 minutes)
  • Operating agreement: ~$15 (template generation + customization)
  • Bank introduction package: ~$25 (prep coaching, contact warm-up)
  • Customer support cost allocation: ~$35 per customer over 12 months
  • Support tools, payments, hosting: ~$20 per customer allocated

Total cost to deliver: roughly $145. We charge $297. That is a 50% margin. Sustainable for the team size we want to be. Not VC-scale, but not a hobby either.

doola at $1,997 has to be carrying roughly 90% margin on the same product. That is what our customers are funding when they pay the higher price.

What we deliberately do not do

At $297, some things we cannot deliver and we are honest about:

  • We do not have a 24/7 phone support team. We respond to WhatsApp and email across NYC and Dhaka time zones, typically within a few hours.
  • We do not run a CRM with a dedicated account manager per customer. You email us, we respond. Most questions resolve in under 24 hours.
  • We do not bundle Form 5472 + 1120 filing into the base price. We charge $99/year for that add-on if you want us to handle it.
  • We do not offer ITIN as included. ITIN is a separate $297 add-on, only needed for PayPal verification or US personal tax filing.

If you need premium concierge service, a dedicated account manager, and bundled compliance for your first 3 years all in one, doola might fit better. We aim at founders who want the formation done right and prefer to handle their own compliance with our guides.

What this means for you

If you are forming a Wyoming LLC and you are not on a VC-track raising priced equity in the next 6 months, paying $1,997 for what we deliver at $297 is hard to justify. Over 5 years, the difference at compounded annual costs is roughly $6,000 to $8,000 saved in our direction.

Use that savings on the things that actually grow your business. Marketing. Hiring. Better tools. Not on overpaying for the entity-formation layer.

We will keep prices at $297 + state fee for the foreseeable future. The bet is that more founders choose us, we scale the team modestly, and the unit economics still work.

Frequently asked questions

Is $297 sustainable for the long term?
Yes at our team size and current customer-acquisition cost. We re-evaluate annually. The price guarantee is for year 1; year 2+ renewal is registered agent only at competitive rates.
Why do not all your competitors charge $297?
VC-scale margin expectations and higher operational overhead. doola, Firstbase, and Atlas all have to fund their growth and investor returns at higher margins.
Is your service the same quality at $297?
Core deliverables are equivalent: LLC formation, EIN, registered agent, operating agreement, bank intros. Where we differ is bundled services (we unbundle, you choose) and team size (we are smaller and faster on email).
What if I need premium service later?
We add Form 5472 + 1120 filing ($99/year), ITIN ($297 one-time), and extended support packages as add-ons. You can upgrade per-service rather than paying for everything upfront.
Will the price change after launch?
Not planned. We may add new services with their own pricing but the core $297 + state fee formation package stays.
Do you work with VC-backed startups?
Yes. If you are raising priced equity within 6 months we recommend Delaware C-Corp via Stripe Atlas. For everyone else, Wyoming wins on cost and operating simplicity.

Related guides

Form your Wyoming LLC in 24 hours.

$297 + state fee. EIN, registered agent (1 year), and Mercury/Relay/Wise bank introductions included.

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