New Mexico vs Wyoming Anonymous LLC

Side-by-side comparison

When to pick New Mexico

• Budget is the dominant factor — you want the cheapest possible anonymous LLC
• Forming a holding company with multiple subsidiaries (NM annual savings compound)
• Simple online business with minimal banking needs
• Asset protection is secondary — privacy alone is the goal
• You can manage the NM banking complexity or plan to use a WY parent for banking

When to pick Wyoming

• Banking reliability matters — Wyoming has the best acceptance rates
• Asset protection is important — explicit single-member charging order protection
• You want Series LLC capability for multi-asset structures
• You prefer no state income tax (Wyoming has none; NM taxes NM-source income)
• You may pair the LLC with a Wyoming DAPT for layered protection
• You want the lowest-risk, most-established anonymous LLC jurisdiction

The $50 formation question

The formation cost difference between Wyoming ($397 total) and New Mexico ($347 total — $297 + $50 state) is $50. The annual cost difference is $60 (Wyoming annual report) vs $0 (NM has none). Over 5 years, Wyoming costs approximately $290 more total.

For that $290 over 5 years, you get: explicit single-member charging order protection, significantly easier banking, no state income tax, Series LLC option, and DAPT availability. For most buyers, that is worth it.