SaaS founders run their software business through an anonymous LLC. Stripe billing, contractor agreements, and equity structure handled cleanly.
By Shafwan Ahmed, Operations & Fulfillment Lead, Anonymousllc.co
Wyoming anonymous LLC for bootstrapped solo founders. Delaware C-corp if you plan to raise venture capital (most US VCs require Delaware C-corp). Many founders start with Wyoming LLC and convert to Delaware C-corp when raising a priced round.
SaaS founders' identities are public on landing pages, LinkedIn, and product launches. But the legal entity behind the SaaS — the Stripe account, the customer contracts, the contractor agreements — does not have to surface the founder's home address. An anonymous LLC keeps state records clean.
Wyoming is best for bootstrapped solo or 2-3 founder SaaS. Lowest cost, no state income tax, strong anonymity. Delaware C-corp is the standard for VC-raised SaaS — most US VCs strongly prefer Delaware Inc., and the conversion path from WY LLC to DE C-corp is well-trodden.
| State | Price | Notes |
|---|---|---|
| Wyoming (recommended) | $397 | Best balance of cost, anonymity, banking acceptance. |
| New Mexico | $347 | Cheapest. No annual report. Banking is harder. |
| Delaware | $407 | Strong for outside-investor setups. $300/yr franchise tax. |
Wyoming LLC for bootstrapped or small-investor setups. Delaware C-corp is required for nearly all US VC-led rounds.
Before signing term sheets. The conversion is cleanest when done before the priced round; after-the-fact converts add legal cost and tax complexity.
Yes. US LLC / C-corp can serve global SaaS customers. International payments via Stripe are routine.
If staying as an LLC and bootstrapped, S-corp election becomes worthwhile once net income > $60k/yr.
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