Year-by-year cost
| State | Year 1 | Year 2+ | 5-year total |
|---|---|---|---|
| Wyoming | ~$397 | ~$160 | ~$1,037 |
| Nevada | ~$650 | ~$550 | ~$2,850 |
Privacy comparison
Wyoming: no member or manager names on Articles or annual report. Nevada: no member names on Articles but manager names on Initial List and Annual List, both public. If you list yourself as manager (common for single-member), Nevada exposes your name annually.
Charging order protection
Wyoming: Section 17-29-503 provides the strongest US charging-order protection, including single-member LLCs. Nevada: NRS Chapter 86 provides strong protection but less court-tested. For non-resident founders concerned about personal liability protection, Wyoming wins.
Banking and Stripe acceptance
Mercury, Relay, Wise, and Stripe treat Wyoming and Nevada LLCs identically. Approval rates depend on country profile, not state of formation. No advantage either way at the banking layer.
When Nevada might still make sense
Nevada residents with complex estate planning structures may have specific reasons to use Nevada (state estate tax exposure, asset protection trusts). For non-resident founders without these specific structures, Wyoming is the default.