Wyoming has emerged as the top choice for cost-conscious Canadian entrepreneurs who want a US LLC without the overhead of Delaware. Wyoming LLCs offer the lowest annual costs, the strongest charging order protection, and robust privacy — making them ideal for service businesses, content creators, and Amazon sellers.
Why Canadians Choose Wyoming
Wyoming's LLC advantages for Canadians:
- Lowest annual cost: Only $60/year state fee (or 0.0002 × assets, whichever is greater)
- Strong privacy: Wyoming does not publicly disclose LLC members or managers
- Charging order protection: Wyoming has the strongest creditor protection for LLC members in the US
- No state income tax: Wyoming has no state corporate or personal income tax
- No publication requirement: Unlike New York, Wyoming doesn't require expensive public newspaper announcements
Wyoming vs Delaware: Choosing for Canadians
Choose Wyoming if: You want the lowest annual costs, maximum privacy, strongest asset protection, and aren't seeking US investors. Perfect for: Amazon sellers, Shopify stores, content creators, freelancers, and service businesses.
Choose Delaware if: You plan to raise US venture capital, seek angel investment, or want the strongest business law precedent. Delaware credibility is valued by US institutional investors.
Wyoming LLC Formation for Canadians
1. File Articles of Organization with Wyoming Secretary of State ($100 online fee)
2. Appoint a Wyoming registered agent ($50–100/year)
3. Get EIN for your LLC
4. Get ITIN through ITIN Plus ($99, 8–14 weeks)
5. Open Mercury or Relay Bank account
6. File Form 5472 annually with your ITIN
Annual fee: $60 state fee + registered agent = ~$120–180/year total.
ITIN Plus for Wyoming LLC Owners
$99, 8–14 weeks, IRS Certified Acceptance Agent. ITIN Plus serves hundreds of Canadian Wyoming LLC owners annually. Email apply@itinplus.com.
Frequently Asked Questions
Is Wyoming or Delaware better for Canadians?
Wyoming is better for most Canadian entrepreneurs due to lower costs ($120–180/year vs $350–450/year), strong privacy, and solid asset protection. Delaware is better if you plan to raise US venture capital or need Delaware's Court of Chancery precedent.
How much does a Wyoming LLC cost per year?
Wyoming state annual report fee: $60 (or 0.0002 of in-state assets, whichever is greater). Plus registered agent: $50–100/year. Total annual cost: approximately $110–160/year — the lowest of any US state for an LLC.
Does a Canadian Wyoming LLC owner need an ITIN?
Yes. As the Canadian owner of a US LLC, you must file Form 5472 annually with your ITIN. This applies to Delaware, Wyoming, and all other US LLCs owned by foreign persons.
How long does it take to get an ITIN?
8–14 weeks from the IRS submission date. Apply through ITIN Plus for $99.
Can I open a US bank account with a Wyoming LLC?
Yes. Mercury Bank, Relay Bank, and other digital-first US banks accept foreign-owned Wyoming LLCs. You'll need LLC formation documents, EIN, and your passport. Your ITIN is needed for IRS compliance (Form 5472) but the bank account itself is opened with the LLC's EIN.