Anonymous LLC States Compared: WY vs NM vs DE vs NV

Complete comparison table

Wyoming: the default choice

Wyoming wins on the most dimensions: explicit single-member charging order protection, best banking acceptance, no state income tax, lowest ongoing cost among states with annual obligations ($60/year), Series LLC capability, and DAPT availability. Unless you have a specific reason to choose another state, Wyoming is the recommendation.

New Mexico: cheapest total cost

NM wins on cost alone. $50 filing, $0 annual obligations. The tradeoff: harder banking and weaker single-member charging order protection. Best for holding companies, subsidiaries, or buyers where cost dominates every other factor.

Delaware: the VC standard

Delaware wins when you plan to raise venture capital or need Court of Chancery jurisdiction. The $300/year franchise tax makes it the most expensive ongoing option, but VC attorneys expect Delaware and investors default to it. If you are not on a VC track, Wyoming offers similar privacy at lower cost.

Nevada: asset protection reputation

Nevada wins on asset protection brand and case law depth. The $350/year ongoing cost is the highest, and the Initial List requires manager disclosure (one-time). Choose Nevada when your attorney specifically recommends it for case-law reasons, or when the Nevada brand matters to your protection strategy.