Most people we work with start setting up an LLC somewhere between $50,000 and $80,000 in portfolio value. If you’re in that range, establishing an LLC in Wyoming is generally worth doing.
What the setup actually includes
A properly structured LLC for this purpose includes an EIN, Articles of Organization, a Certificate of Good Standing, a Registered Agent, a Banking Memorandum, and an Operating Agreement. The structure matters: it should be set up as a holding company that manages alternative investments, with a sleeve for digital assets, not as a crypto trading company. That distinction is what preserves your ability to take advantage of long-term capital gains treatment. Setting it up as a single-member LLC also matters: when you contribute your assets to the entity in exchange for equity, that contribution isn’t a taxable event.
What Wyoming gives you
Wyoming LLCs come with charging order protection, meaning that as long as you maintain your corporate formalities (meeting minutes, board resolutions, and general corporate compliance), a creditor who sues you generally can’t seize the LLC’s underlying assets directly. That’s meaningful creditor protection, but it depends on actually keeping up with the maintenance requirements, not just filing the paperwork once and forgetting about it.
Working with an attorney versus a specialized provider
You can work with a Wyoming attorney directly to set this up, and there are good ones who can do it correctly. We’ve also built a streamlined process that covers the same components end-to-end for less than typical attorney pricing in that market, with an ongoing maintenance program to keep the corporate veil and creditor protections intact. Either path works. What matters most is that whoever sets it up structures it correctly as a holding company from the start, since fixing a badly structured LLC later is more expensive than doing it right the first time.
Educational only, not tax, legal, or investment advice. Check primary sources and speak with a qualified professional before making financial decisions.
Part of our guide: Wyoming Crypto LLC.
