Firstbase.io vs Start in Wyoming
The main difference between Firstbase and Start in Wyoming is that clients of Start in Wyoming work directly with an attorney. Start in Wyoming also provides the proof of address documents needed to open bank and payment processor accounts. This is particularly useful to non-U.S. residents.
Both services simplify the company formation process for entrepreneurs. We’ll compare Firstbase vs Start in Wyoming to find out if Start in Wyoming is the best Firstbase alternative.
Both services have multiple options. We’ll be comparing the most like-for-like services.
Firebase.io vs Start in Wyoming: Which Service is Best?
| Firstbase.io | Start in Wyoming | |
|---|---|---|
| Total First-Year Price | $2787 | $1500 |
| Ongoing Annual Cost | $2388 | $125 /year registered agent $100 /month office lease (if required) |
| State Fee | +$103 | Included |
| Registered Agent | Yes | Yes |
| LLC Formation | Wyoming and Delaware | Wyoming |
| S-Corp and C-Corp | C-corp only | Yes |
| EIN | Yes | Yes |
| Attorney Formation and Consultation | No | Yes |
| Attorney-Client Privilege | No | Yes |
| Separate Office Address | Yes | Yes |
| Lease Agreement | No | Yes |
| Utility Bill | No | Yes (additional cost) |
| Operating Agreement | No | Yes |
| Accounting and Tax Filing | Yes | Can refer to partners |
| Mail Handling | Yes | Yes |
Start in Wyoming Pro’s
- Work directly with an attorney with over a decade of legal experience in Wyoming
- A real physical office address with proof of address documents to open bank accounts, an Amazon Seller account, and payment processor accounts
- Template operating agreement and cover letter written by an attorney
- Work directly with a team of decision makers. No AI chatbots or endless customer service requests
- Have an attorney manage your company’s ongoing compliance
Start in Wyoming Con’s
- Wyoming formation only. Formation is not offered for other states
Firstbase.io Pro’s
- Long-serving company
- Offers integrated tools and services
- Has a technology-forward approach
Firstbase.io Con’s
- High price
- Confusing pricing structure
- No proof of business address documents
- No assigned attorney or named professional is overseeing the company formation and compliance
Comparing the Pricing
Understand the pricing so you know what you’re getting.
Start in Wyoming
Start in Wyoming has a simple pricing structure that requires an upfront fee. This upfront fee includes the state fee ($103).
There are no hidden costs. They even include your annual report as part of their registered agent service. You just have to pay the state fee, which starts at $60.
The package includes the first year of registered agent and virtual office service. The registered agent renews at $125 a year. The office service renews at $100 a month; this allows you to rent a physical office and receive proof of address documents.
Firstbase
Firstbase has many different services. Their all-in-one package is called Firstbase One. If you don’t want this package, you can add standalone services. This is where it starts to get complicated.
You can purchase formation as a standalone for $399 plus state fees. However, you must add their registered agent service, which costs an additional $299 a year. If you want to receive mail, you must add a $35 a month subscription service. The costs start to add up quickly.
Proof of Address Documents
Proof of business address in the U.S. is now required by most financial services, including banks, payment processors, and Amazon FBA. This can be difficult for non-U.S residents, so it’s important to consider before choosing your formation service.
Start in Wyoming
Start in Wyoming includes a physical office address that is used to form your company. It also includes a professional lease agreement in your business’s name.
A utility bill can be arranged through their partner Internet service provider. This means you receive a utility bill in your business’s name from a major ISP, emailed a few days after signing up for the Internet service. This costs an additional fee but simplifies the process so it can be done remotely.
Having a matching address of your formation paperwork and proof of address documents can make verifying accounts for your business easier.
Firstbase
Firstbase provides a physical address, but it does not come with proof of address documents. They do provide a bank account through their partner, Payoneer.
However, if you want to open a different bank account or a Stripe account, you won’t have the required documentation. This is why customers of Firstbase are contacting Start in Wyoming.
Is Start in Wyoming the Best Firstbase Alternative?
Start in Wyoming is the best alternative if you want the trust and experience of working with an attorney. Start in Wyoming also provides the documents business owners need to open accounts with banks and payment processors.