Nevada’s Annual List of Officers is $125 + $200 for the annual business license VS. Wyoming Annual Report $50.
Why is this happening in Nevada? In the past, the mining and casino taxes covered the needs of the residents of Nevada. The population explosion and economic growth has created a heavy strain on state budgets, now in the red, for social services, education, police, and infrastructure development.
Wyoming’s population has remained level, at only 500,000 residents, for the last ten years. And the State of Wyoming is in the black. Wyoming has no income tax. This is a plus if you’re really doing business out of Wyoming. Check with your tax advisor to see if you must file to do business in your own state.