Should I form in Delaware or Wyoming with Firstbase?

Both states are included in the Firstbase Start package (a $399 one-time fee as of 2026, confirm at checkout), so this is a choice about fit, not price at formation. The real difference shows up in your ongoing annual costs and in how investors perceive the entity, so it is worth a minute of thought rather than defaulting to whichever is more famous.

Wyoming is the value pick for most bootstrapped and non-resident founders. Its LLC annual report minimum is about $60 per year, it has strong privacy protections, and there is no state income tax. If you are building a self-funded software, e-commerce, agency, or consulting business and do not plan to raise outside money, Wyoming keeps your yearly upkeep low and your ownership relatively private.

Delaware is the pick when fundraising is on the horizon. It is the default home for venture-backed startups, its business courts are well established, and investors and startup lawyers are most comfortable with Delaware entities and paperwork. The tradeoff is cost: a Delaware LLC owes a flat $300 per year franchise tax (due June 1), and a Delaware C-Corp owes a minimum $175 franchise tax plus a $50 annual report (due March 1). Those are the owner's ongoing state costs, separate from anything Firstbase charges.

So the honest rule of thumb: choose Wyoming if you want cheap, private, and simple and you are not raising VC. Choose Delaware if you expect to raise from investors or want the entity type they will ask for anyway. This is a separate question from LLC versus C-Corp, which we cover in its own answer, though in practice VC-track founders usually land on a Delaware C-Corp.

Best-outcome tip: whichever you pick, put the annual deadline (June 1 for Delaware LLCs, March 1 for Delaware C-Corps, your Wyoming report date) on a calendar now, because a missed state filing, not the formation itself, is what gets young companies into trouble.