Where Florida wins
- You own Florida real estate (LLC ownership in FL has tax and protection benefits)
- You plan to relocate to Florida and want to align your business state
- You have specific Florida nexus (clients, operations, partnerships)
- You want strict charging-order protection specifically for FL judgment scenarios
Where Wyoming wins
- SaaS, agency, e-commerce, services without state-specific nexus
- Lower annual cost ($60 annual report vs Florida's $138.75 plus optional fees)
- Better privacy (Wyoming hides everything; Florida lists members on annual report)
- Stronger overall charging-order protection for non-FL judgments
Cost comparison
- Wyoming year 1: ~$397
- Florida year 1: ~$525 ($125 state fee + $400 service fees typical)
- Wyoming year 2+: ~$160
- Florida year 2+: ~$250 ($138.75 annual report + ~$100 registered agent)
Privacy comparison
Wyoming: no names on Articles or annual report. Florida: requires member or authorized representative names on Articles. Annual report updates member information annually. Less private than Wyoming.
When the choice is genuinely close
If you own (or are buying) US real estate in Florida AND you want privacy, the answer is often a Wyoming holding LLC owning a Florida operating LLC that owns the property. Best of both: Wyoming protects you on the outside, Florida provides FL-specific advantages on the inside.