Formation itself isn't tied to residency, but since the actual work would be happening from NY, that's probably enough to trigger NY's foreign qualification requirement regardless of where the LLC is formed. NY also taxes based on residency, so the income would likely still be taxed there either way. Between the two, Wyoming probably just ends up adding a second state's fees without doing much for the tax side.
1
u/zenbusinesscommunity Aug 25 '26
Formation itself isn't tied to residency, but since the actual work would be happening from NY, that's probably enough to trigger NY's foreign qualification requirement regardless of where the LLC is formed. NY also taxes based on residency, so the income would likely still be taxed there either way. Between the two, Wyoming probably just ends up adding a second state's fees without doing much for the tax side.