Has a Wyoming or Delaware LLC ever "Saved" You?

[Chris Seveney]

I keep seeing investors spend real money setting up Wyoming or Delaware LLCs for “extra protection” instead of simply filing in the state where they own property or operate. The marketing pitch is always stronger asset protection, anonymity, better charging-order rules, you name it.

Here’s my question to the BP community:

1. Have you ever had a real-world event—lawsuit, creditor claim, partnership dispute—where your out-of-state LLC structure made a clear, measurable difference?

2. What was the situation, how did the entity help, and (be blunt) what did the whole setup actually cost you in filing fees, registered-agent costs, franchise taxes, and annual reports?

3. Knowing what you know now, would you still register outside your home state—or was it money better spent on insurance and good operating agreements?

I’m not looking for theory or “my attorney says.” I want concrete war stories that justify—or debunk—the hype.

Love for someone to drop their experience, numbers, and lessons learned as I would like to separate marketing myth from reality.