What was the first state to have LLCs in the United States?

Wyoming was the first state in the United States to enact legislation allowing for the formation of Limited Liability Companies (LLCs) in 1977. This legislation was significant because it created a hybrid business structure that provides the limited liability of a corporation with the tax efficiencies and operational flexibility of a partnership. The introduction of LLCs in Wyoming paved the way for other states to follow suit, leading to the widespread acceptance and popularity of the LLC structure in the business world today. The unique legal protections and benefits that LLCs offer have made them an attractive option for many entrepreneurs.

Other states do have provisions for LLCs, but they developed those laws after Wyoming's pioneering move. This has established Wyoming's model as the original framework for LLCs in the United States.