Year 1 breakdown: where the $297 goes
The $297 service fee covers seven concrete deliverables:
- Wyoming LLC formation. Articles of Organization filed with the Wyoming Secretary of State within 24 hours of intake. Filed under Wyoming Statutes Title 17, Chapter 29.
- Wyoming registered agent for year 1. Required by Wyoming law (Section 17-28-101). Our address appears on public filings, not yours.
- Custom operating agreement. Tuned for single-member or multi-member structure with Wyoming-specific charging-order language under Section 17-29-503.
- IRS Form SS-4 filing for your EIN. We file by fax (the only method that works for non-residents without SSN). 8 to 10 business days for the IRS to return the CP575 letter.
- Direct introductions to Mercury, Relay, and Wise Business. With country-specific prep packets and business description coaching.
- Document delivery as searchable PDFs. Articles, operating agreement, CP575, registered agent appointment.
- WhatsApp and email support across NYC and Dhaka time zones. Typical response time under a few hours.
The "+ state fee" is the Wyoming Secretary of State filing charge, currently $100. We pay it to the state on your behalf; it is not retained by us. You see it as a separate line on your order so the math is transparent.
Year 2+ costs: what you actually pay each year
From year 2 onward, the LLC requires two recurring costs:
- Wyoming annual report: $60 minimum (License Tax). Paid to the Wyoming Secretary of State directly when you renew the LLC each year, on the first day of your anniversary month.
- Registered agent renewal: approximately $100/year through us. Required by Wyoming law. You can use any registered agent provider but we set yours up at competitive rates.
So year 2 total = roughly $160. Yearly. For the lifetime of the LLC, assuming Wyoming does not raise the annual report fee (it has not in many years).
Compare to Delaware, where year 2 costs are typically $300 to $400 (franchise tax + registered agent). Wyoming saves you $150-$250 per year, every year.
Optional add-ons (only if you want them)
Three services we offer as optional add-ons. Not included in the $297. You can buy them later if you decide you want them:
- Form 5472 + pro forma 1120 filing: $99/year. Mandatory annual IRS filing for foreign-owned single-member LLCs. $25,000 penalty for non-filing. We file it for you and remind you 60 days before deadline.
- ITIN (Individual Taxpayer Identification Number): $297 one-time. Only needed for PayPal personal verification or US personal tax filing. Not needed for Mercury, Stripe, Amazon, Etsy, Shopify, or 95% of normal business operations.
- Extended support packages: rare. We have not actively marketed these. Available on request for founders who need ongoing strategic help (cross-border tax planning, banking troubleshooting, structure decisions).
Nothing else is billed by us. Stripe takes its own per-charge fees. Mercury is free. Form W-8BEN-E filings are free (we coach you through them at no additional charge).
What is not included (and where you do not need it)
We do not include these because most founders do not need them:
- US phone number: optional add-on through Google Voice ($20/month) or Twilio. We do not bundle one. Most founders use WhatsApp Business or Wise Business notifications.
- Bookkeeping: use Wave (free) or QuickBooks Online ($30+/month). We do not bundle accounting software.
- Multi-state compliance: if you have nexus in California, New York, or other states, you may need additional state registrations. We help you identify when nexus applies. We do not run multi-state filings ourselves.
- Legal advice: we provide informational guides, not legal advice. For complex situations (litigation, investor structures, immigration planning), we refer you to US lawyers.
How we compare to competitors
Side-by-side year 1 and year 2 cost comparison:
| Provider | Year 1 cost | Year 2+ ongoing | 5-year total |
|---|---|---|---|
| WyomingLLC (Wyoming) | $297 + $100 state = $397 | ~$160/year | ~$1,037 |
| doola Total Compliance (Wyoming) | $1,997 | $1,997/year | ~$9,985 |
| Firstbase Standard | $999 + $100 state = $1,099 | ~$450/year | ~$2,899 |
| Stripe Atlas (Delaware) | $500 + $89 state = $589 | ~$400/year (franchise + agent) | ~$2,189 |
Savings vs doola over 5 years: roughly $8,900.
Savings vs Firstbase over 5 years: roughly $1,860.
Savings vs Stripe Atlas over 5 years: roughly $1,150 (and you get Wyoming privacy plus no franchise tax).