Why Florida keeps coming up
Florida has real advantages for people who actually live or operate there: no state income tax on individuals, sophisticated real-estate courts, a deep network of tax counsel in Miami and Tampa. If your business is a short-term rental in Orlando, a marine services company in Fort Lauderdale or a real-estate holding, Florida is the natural home.
For a non-US resident whose entire US presence is an EIN, a Mercury account and a Stripe integration, none of those advantages apply. What remains is the public Sunbiz filing (the state's business database is fully searchable and lists managing members by name), the mandatory annual report by 1 May, and the punishing reinstatement fee if you miss it.
Sunbiz is public — very public
Florida's Division of Corporations publishes managing members on the annual report. This is not the FinCEN BOI federal filing; it is the state database and it is indexed by Google. Any journalist, competitor or adversary can find the LLC's ownership in seconds. For a founder who chose an LLC precisely to keep ownership private, that is a structural mismatch.
Wyoming publishes the Registered Agent and the organizer, not the members. Ownership stays in the internal Operating Agreement, which is never public.
The reinstatement trap
Miss Florida's 1 May annual-report deadline and the state adds a $400 reinstatement fee and administratively dissolves the LLC. Banks freeze accounts on administratively-dissolved entities. Non-resident founders, especially in different time zones, forget the date more often than any other US-state deadline in our support inbox.
Wyoming's annual report is a fixed date, cheaper and, in our Yearly plan, filed automatically. Missed-deadline exposure drops to zero.
When Florida actually wins
Choose Florida if you (a) will hold Florida real estate in the LLC, (b) plan to reside in Florida on a business visa, or (c) will operate a physical business in the state. In all three cases the local court exposure and homestead / real-property advantages outweigh the privacy cost. For everyone else — Wyoming.
Wyoming LLC vs Florida LLC — 2026
| Wyoming LLC | Florida LLC | |
|---|---|---|
| Public member disclosure | No | Yes (Sunbiz) |
| Annual report cost (state) | Modest | $138.75 |
| Miss-deadline penalty | Small | $400 + admin dissolution |
| State income tax (individuals) | None | None |
| State corporate tax | None | 5.5% (only if C-Corp) |
| Charging-order protection | Sole remedy | Strong for multi-member only |
| Single-member LLC weakness | None | Yes — Olmstead precedent |
| Bank acceptance | Fast | Fast |
| Best fit | Non-resident, remote | Florida-operating / real estate |
| Setup time (Wyoming Experts) | 24–72h | Not offered — Wyoming recommended |
Should you form in Florida?
Tell us what you plan to do with the LLC. In 24 hours we return a written recommendation with the 5-year cost delta and a privacy exposure map.
Common Mistakes Choosing Florida
- 1
Ignoring the Olmstead case
Florida's Supreme Court held in Olmstead v. FTC that charging-order protection does not fully apply to single-member LLCs. Wyoming has no such carve-out.
- 2
Trusting 'no state income tax' as the deciding factor
Wyoming has no state income tax either. Nothing is gained on that axis.
- 3
Missing 1 May and paying $400 to reinstate
Non-residents miss this deadline more than any other US filing. Auto-scheduling from your Wyoming provider is the cleaner fix.
- 4
Filing in Florida because 'that's where my house is'
A home in Florida does not obligate the business entity. The LLC can sit in Wyoming while personal residency is elsewhere.
Wyoming vs Florida LLC — FAQ
Keep Reading
- Wyoming LLC vs Delaware LLCThe comparison every founder starts with.
- Wyoming LLC vs Nevada LLCAnother popular non-resident alternative.
- Fully-managed Wyoming LLC formation for non-residents$529 (State Fees Included) all-in, 4 business days.
- Anonymous Wyoming LLC structureBecause Sunbiz is not your friend.
