Question 1

Why is New Mexico priced $297 + $50 instead of all-in?

Accepted Answer

We break out the $50 NM Secretary of State filing fee because NM buyers are budget-first and want to confirm we're passing the state fee through at cost (we are - no markup). Total $347 is the cheapest anonymous LLC in the US. Same service fee as Wyoming and Delaware ($297); the state difference is what makes NM the cheapest. The $50 NM filing fee has been stable for over a decade and is among the lowest LLC filing fees in any US state.

Question 2

Is $347 really the cheapest US anonymous LLC?

Accepted Answer

Yes. Wyoming is $397 ($100 state), Delaware is $407 ($110 state), Nevada is $722 ($425 state). New Mexico's $50 state fee is the lowest of the four anonymous states, and NM has no annual report or annual fee - so year 2+ ongoing cost is also lowest. Total 5-year cost: NM $347 + $500 RA renewals = $847. Wyoming over the same 5 years: $397 + $500 RA + $240 annual reports = $1,137. Delaware: $407 + $500 RA + $1,200 franchise tax = $2,107. Nevada: $722 + $500 RA + $1,400 Annual List/Business License = $2,722.

Question 3

What's the catch with New Mexico?

Accepted Answer

Banking is harder. US banks (Mercury, Relay, Bluevine) accept Wyoming LLCs more easily than NM LLCs because Wyoming has decades of business-formation track record while NM is a newer destination for the anonymous-LLC use case. We still submit 4-5 bank applications for NM LLCs, but approval rates run roughly 20-30% lower than for equivalent Wyoming LLCs. If banking is critical to your use case, /services/wyoming-llc/ at $397 is worth the extra $50.

Question 4

Is New Mexico LLC anonymous?

Accepted Answer

Yes. NM Articles of Organization do not require member or manager names. Only the registered agent appears on public records. NM has no annual report at all - meaning there's no recurring opportunity for disclosure either. This is actually a strong privacy advantage: in Wyoming and Delaware, annual reports must be filed (with minimal disclosure), but in NM there's literally no annual touchpoint. The LLC exists on state records as a name + RA address forever, with no ongoing reporting cycle.

Question 5

What's included in the $297 service fee?

Accepted Answer

Articles of Organization filing with NM Secretary of State, NM registered agent year 1, custom operating agreement, EIN from the IRS via Form SS-4, applications to 4-5 US banks (selected based on profile), BOI compliance guidance, and WhatsApp support throughout. The $50 NM state fee is added on top - paid through at cost.

Question 6

Do I need to live in New Mexico?

Accepted Answer

No. Anyone worldwide can form an NM LLC. Only state requirement is a registered agent with an NM physical address, which we provide year 1. The state has no residency requirements for members, managers, or owners.

Question 7

Should I pick NM or the $397 anonymous all-in?

Accepted Answer

NM if you want the cheapest US anonymous LLC ($347 total) and don't mind harder banking. Pick /services/anonymous-llc-formation/ ($397 all-in, Wyoming-fulfilled) if banking ease matters more than $50 of savings. NM is most commonly picked for passive-use cases: holding entities, asset-protection shells, owners of LLCs in other states, or rights holders. For active US business with Stripe payouts, payroll, vendor payments - Wyoming's extra $50 pays for itself within the first month via easier banking.

Question 8

What about NM gross receipts tax?

Accepted Answer

New Mexico imposes a Gross Receipts Tax (GRT) - currently 5.125%-9% depending on locality - on businesses with gross receipts sourced to New Mexico. But: GRT only applies to NM-sourced receipts (sales within NM, services performed in NM). If your NM LLC has zero NM-sourced revenue (which is typical for the holding/asset-protection use case), there's no GRT exposure. Out-of-state revenue is not subject to NM tax. Talk to an accountant if you anticipate NM-sourced activity.

Question 9

Can I move my NM LLC to Wyoming later if banking becomes an issue?

Accepted Answer

Yes. New Mexico and Wyoming both allow domestication, so the LLC can be redomesticated from NM to WY without dissolution. Cost: $147 our service + Wyoming state fees ($100). This preserves the LLC's EIN, banking relationships (if any), and date of formation. About 5-8% of our NM buyers redomesticate to Wyoming within 1-2 years after running into banking friction.

Question 10

What if my LLC will hold real estate or crypto?

Accepted Answer

NM is fine for passive ownership of real estate and crypto. No NM tax exposure unless the real estate is in NM. Banking for the LLC may still be hard if you need a US bank account for the entity. Many real estate / crypto holding NM LLCs hold the assets directly without an LLC bank account - using personal accounts or an LLC bank in a different jurisdiction (Wyoming-owned subsidiary, etc.).

New Mexico LLC Formation - $297 + $50 state fee

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