Both are truly anonymous with no member disclosure. Wyoming is stronger on protection and banking. New Mexico is the cheapest anonymous LLC in the US. Here is how to decide.
By Shafwan Ahmed, Anonymousllc.co
| Dimension | Wyoming | New Mexico |
|---|---|---|
| Anonymousllc.co price | $397 all-in | $347 total ($297 + $50 state) |
| State filing fee | $100 | $50 |
| Annual report | Required ($60 min license tax) | None required |
| Annual state cost | $60/year | $0/year |
| Member disclosure | Not required | Not required |
| Single-member charging order | Explicit (§ 17-29-503(a)) | Uncertain |
| Banking ease | Best of the anonymous states | Hardest of the anonymous states |
| State income tax | None | Yes (NM-source income) |
| Series LLC | Yes | No |
| DAPT available | Yes (§ 4-10-510) | No |
| 5-year total cost | $797 | $457 |
Wyoming pairs the strongest statutory asset protection with the easiest banking of any anonymous state, and it does so for $60 per year in ongoing state cost, which makes it the recommended default when no specific reason points elsewhere. Members never appear on the public record. Wyoming's charging order statute (§ 17-29-503(a)) names the charging order as the exclusive creditor remedy and reaches single-member LLCs explicitly, whereas New Mexico's treatment of single-member charging orders is untested and uncertain. Wyoming has no state income tax at the entity or member level, supports Series LLCs for segregating multiple properties or brands under one filing, and authorizes a domestic asset protection trust under § 4-10-510 for a layered trust-over-LLC structure. On banking, Wyoming filings are the most readily accepted of the four anonymous states: a US business account opens 8-10 days after the EIN through partners such as Mercury, Relay, and Bluevine at roughly a 90% approval rate, and non-resident founders receive an EIN by fax in 5-7 days. The all-in Anonymousllc.co price is $397 - the $297 service fee plus the $100 state fee - and the five-year carrying cost is near $797. For an operating business, real estate holding, or any owner who values reliable banking and tested protection, the modest premium over New Mexico buys materially more.
New Mexico is the smarter pick when upfront and recurring cost is the dominant factor, because it is the cheapest anonymous LLC in the country: a $50 state filing fee and, critically, no annual report and no annual fee at all. The Anonymousllc.co price is $347 total, never a lone $297. The recurring-cost advantage is real and compounds. New Mexico requires no annual report, no annual fee, and no franchise tax, so the five-year carrying cost is near $457 - roughly $340 less than Wyoming over the same window. That gap widens for owners forming several subsidiaries, since the zero annual fee multiplies across every entity. The tradeoffs are three: single-member charging order protection is uncertain rather than codified as an exclusive remedy, banking is the hardest of the anonymous states because fewer partners accept New Mexico filings smoothly, and New Mexico imposes state income tax on New Mexico-source income. New Mexico also does not offer Series LLCs or a DAPT. New Mexico fits budget-first buyers, holding-company subsidiaries with minimal banking needs, and simple structures where the entity holds a passive asset and asset protection is a secondary concern. When banking reliability or tested single-member protection matters, Wyoming is the safer home.
A Wyoming anonymous LLC costs $397 all-in and a New Mexico anonymous LLC costs $347 total through Anonymousllc.co, a $50 difference at formation that grows because New Mexico has no annual state cost at all. New Mexico is the cheapest anonymous LLC in the US. Wyoming's price is the flat $297 service fee plus the $100 state filing fee. New Mexico's is the same $297 service fee plus a $50 state filing fee, never presented as a lone $297. Both include state filing, year-one registered agent, EIN, custom operating agreement, 4-5 bank applications, and BOI guidance. The recurring difference is where New Mexico pulls ahead on price. Wyoming carries a $60 minimum annual license tax, while New Mexico requires no annual report, no annual fee, and no franchise tax. Over five years Wyoming totals near $797 and New Mexico near $457, a difference of roughly $340 that widens further when you form multiple entities.
Wyoming has stronger charging order protection because its statute names the charging order as the exclusive creditor remedy and reaches single-member LLCs, while New Mexico's treatment of single-member charging orders is untested and uncertain. Wyoming § 17-29-503(a) closes the single-member gap that weakens protection in some states - it is written so a creditor's only remedy against a solo owner's interest is the charging order, not seizure of the LLC itself. New Mexico has no comparable body of law confirming that a single-member LLC receives the same shield, so an owner relying on New Mexico for asset protection is on less certain ground. Wyoming also authorizes a domestic asset protection trust under § 4-10-510 for a layered trust-over-LLC structure, which New Mexico does not offer. For any owner where asset protection is a real priority, Wyoming is the safer statutory home.
Wyoming is easier for opening a business bank account - it is the best-accepted of the four anonymous states, while New Mexico is the hardest because fewer banking partners process New Mexico filings smoothly. With a Wyoming LLC, a US business account opens 8-10 days after the EIN through partners such as Mercury, Relay, and Bluevine at roughly a 90% approval rate, and non-residents receive the EIN by fax in 5-7 days without an SSN. New Mexico LLCs face more friction at account opening, so the same non-resident path can take longer or hit more declines. For an owner whose entity needs to bank actively - receiving payments, paying vendors, holding operating cash - Wyoming's smoother acceptance is worth the small cost premium. New Mexico fits better when the entity is a passive holder with minimal banking needs.
A New Mexico LLC is the smarter choice when cost is the dominant factor or when you are forming multiple subsidiary entities, because its zero annual state cost compounds across every entity you hold. New Mexico's $347 formation and $0 annual cost make it the cheapest anonymous LLC in the country, and that recurring advantage multiplies. An owner forming five subsidiaries saves $60 per year on each versus Wyoming, so the gap widens every year the structure exists. For a simple holding entity that owns a single passive asset and rarely banks, New Mexico's weaker single-member protection and harder banking matter less. New Mexico also imposes state income tax on New Mexico-source income and offers no Series LLC or DAPT, so it fits budget-first buyers and subsidiary structures rather than active operating businesses where protection and banking drive the decision.
Yes. Wyoming imposes no state income tax on the LLC or the owner, while New Mexico taxes New Mexico-source income, so the tax profile favors Wyoming for income connected to that state. A Wyoming LLC's income passes through to the owner with no state-level income tax layer, which keeps the structure simple for owners operating outside the state. New Mexico taxes income sourced within New Mexico, so an owner with New Mexico-connected revenue takes on a state filing and tax obligation there. For a non-resident or an owner whose income has no New Mexico nexus, this difference is smaller, which is part of why New Mexico works for passive holding entities. For an active business generating New Mexico-source income, Wyoming's no-income-tax treatment is the cleaner outcome.
Wyoming requires one annual report with a $60 minimum license tax, while New Mexico requires no annual report and no annual fee at all. Both require a registered agent and federal BOI reporting to FinCEN. A Wyoming LLC files its annual report in the formation-anniversary month, and the $60 minimum license tax keeps the entity in good standing. Miss the deadline and the state assesses a penalty before dissolving the entity, so the date matters, though Anonymousllc.co tracks it. The registered agent renews at $100 per year and keeps the owner's address off the public record. New Mexico's standout feature is the absence of recurring state obligations: there is no annual report, no annual fee, and no franchise tax, so once the entity is formed the only ongoing state item is the registered agent. This is what makes New Mexico the cheapest anonymous LLC to maintain and why its five-year carrying cost is near $457 against Wyoming's $797. The trade-off is that the light compliance comes with weaker single-member charging order protection and harder banking, so the savings are real but not free. On the federal side, both states file the same confidential beneficial ownership report with FinCEN, which never appears on the public record. For an owner who wants the lowest possible maintenance and accepts New Mexico's protection and banking limits, the zero-annual-cost profile is a genuine advantage that compounds across every year and every additional entity.
New Mexico fits a holding company forming many subsidiaries because its zero annual cost multiplies across every entity, while Wyoming fits a structure where each subsidiary needs strong protection and reliable banking. The choice turns on entity count versus protection needs. An owner spinning up several subsidiary LLCs pays the annual cost once per entity, so New Mexico's $0 annual fee against Wyoming's $60 saves $60 per subsidiary every year. Across ten subsidiaries that is $600 a year and $3,000 over five years, a gap that widens as the structure grows. For a holding company whose subsidiaries are simple passive holders with minimal banking needs, New Mexico's compounding savings make it the efficient base for the operating subsidiaries. Wyoming becomes the better choice for the subsidiaries that actually need protection and banking - the ones holding valuable assets, signing contracts, or opening active accounts. Wyoming's exclusive-remedy charging order, Series LLC capability, and smoother banking justify the $60 per year for those entities. A common hybrid places a Wyoming parent or the high-value subsidiaries in Wyoming for protection, and low-activity holding subsidiaries in New Mexico to minimize recurring cost. Match each entity in the structure to its role: New Mexico where cost dominates and activity is low, Wyoming where protection and banking matter.
A non-resident founder should choose Wyoming in most cases because its banking is the most reliable of the anonymous states and its charging order protection is codified, while New Mexico suits a non-resident only when the entity is a low-activity holder and cost is the deciding factor. The hardest step for a non-resident is opening a US business bank account, and Wyoming filings are the best accepted of the four anonymous states. A non-resident receives an EIN by fax in 5-7 days without an SSN, then opens an account 8-10 days after the EIN through partners such as Mercury, Relay, and Bluevine at roughly a 90% approval rate. New Mexico is the hardest of the anonymous states for banking, so the same non-resident path can take longer or hit more declines, which is a real obstacle when you are managing the process from abroad. Cost still favors New Mexico: $347 to form and $0 in annual state cost against Wyoming's $397 and $60 per year. For a non-resident whose entity is a passive holder with minimal banking needs - holding a domain, a small equity stake, or intellectual property - the savings can outweigh the banking friction, and New Mexico works. For a non-resident running an active business that must receive payments, pay vendors, and hold operating cash, Wyoming's smoother banking and codified single-member charging order protection justify the modest premium. Neither state taxes a non-resident on income without a US or state nexus, so the decision comes down to banking reliability and protection against pure cost - and for an operating business, Wyoming wins that trade.
For most buyers, Wyoming is the better choice: the $50 higher formation fee and $60 per year buy an exclusive-remedy charging order, easier banking, Series LLC capability, a DAPT option, and no state income tax. New Mexico wins when cost is the dominant factor - it is the cheapest anonymous LLC in the US with no annual report or fee - or when you are forming many subsidiary entities where the zero annual cost compounds across the structure.
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