Why I Built WyomingLLC

Three years ago I was a founder in Dhaka trying to take payments from US customers. The standard advice everywhere was form a US LLC, get an EIN, open Mercury. So I started shopping.

doola quoted me $1,997/year. Firstbase $999 with add-ons. Stripe Atlas $500 but Delaware-only and rigid about everything. None of them felt like a fair price for the work being done. The IRS issues the EIN for free. Wyoming charges $100 to file the LLC. The actual paperwork is straightforward.

I formed mine through a smaller provider for around $400, but the experience was bumpy. Slow responses, confusion about Form 5472, no help with Mercury rejection. I figured out the rest myself over months of late nights reading the IRS website and banking forums.

Once I had the structure working, founders kept asking me how I did it. So I started helping them. Then I started charging. Then the team grew. Eventually it made sense to build a real brand around the service. That is WyomingLLC.

The non-resident LLC market is full of friction that exists mostly because the established players profit from it. Some examples:

• The "premium tier" upsell. Most LLC providers steer customers toward $1,500+ packages that bundle services they will not use. Compliance monitoring for businesses that have nothing to monitor. Tax filing for businesses where US tax owed is zero.
• The "we will help you with banking" black box. Most providers charge for banking introductions that are essentially passing your application along. The actual approval rates are determined by Mercury, not by who introduces you.
• The Delaware bias. YC and Stripe Atlas push Delaware hard, but Delaware costs $300-$400 more per year than Wyoming for most non-VC-track founders.
• The opacity around Form 5472. Many providers do not explain the $25K penalty for missing this filing. Customers find out at year 2 when they get an IRS notice.

We try to be honest about all of this. Even when it costs us a sale.

Three things matter to me as we build this:

1. Honest pricing. $297 + state fee. Year 2 onward is ~$160 for the annual report and registered agent renewal. No hidden add-ons unless you actively choose them.
2. Honest banking guidance. We tell founders from Nigeria that Mercury approval is roughly 30-40% for their country profile. We tell founders from the UK that they will breeze through. We do not promise outcomes we cannot control.
3. Honest tax guidance. We will tell you that Form 5472 is mandatory annually and the penalty for missing it. We will not pretend you need our $99/year filing add-on if you are willing to file yourself. We will explain the process either way.

Where we are not the best fit, I want to say so directly. If you are raising VC money, Stripe Atlas Delaware probably fits you better. If you want full compliance white-glove service, doola has a more mature product for that.

We aim at founders who want the formation done right at a fair price and prefer to learn the rest from our guides. That is most non-resident founders, in our experience.

The work for the next 12 months:

• Adding multi-language support. Bengali first (we are partly based in Dhaka). Hindi, Urdu, Tamil, Spanish, Portuguese, Arabic over the following year.
• Building a banking outcome database. Real anonymized data on Mercury, Relay, and Wise approval rates by country profile, business model, and applicant type.
• An open-source non-resident US LLC handbook. 50,000 words. Free to anyone. Will publish on GitHub.
• Better video content. Our guides are text-heavy because they need to be SEO-friendly. But video helps for first-time founders.

The goal is to be the operator non-resident founders trust for this category, not the biggest one. There is room for both.

I am on WhatsApp and email. If you have questions about forming an LLC, banking, taxes, or anything else, send me a note. I read everything personally during business hours (NYC + Dhaka).

Zawwad, Founder of WyomingLLC.