The cheapest anonymous LLC in the US. $297 service + $50 NM state fee, $347 total. No annual report, no annual fee. Trade-off: banking is harder than Wyoming. Best for budget-first buyers who don't mind.
New Mexico is the budget anonymous LLC. State fee is $50 (lowest of the four anonymous states), there's no annual report, and there's no annual fee — total ongoing cost is just the registered agent renewal. The trade-off is banking: Mercury, Relay, and Bluevine accept Wyoming LLCs more easily. If banking is critical, the $50 NM savings isn't worth it. If you just need an anonymous LLC at the lowest possible price, NM is the answer. See /new-mexico-anonymous-llc/ for pillar context.
Budget-first buyers, holding entities that don't need active banking, asset-protection layers stacked on top of operating LLCs, founders who want the cheapest 'shell' anonymous LLC. Not ideal if banking ease is the top priority — /services/wyoming-llc/ at $397 fits better for active-business use cases.
New Mexico LLC formation is a budget-first play. The $50 New Mexico Secretary of State filing fee is among the lowest in the country (only Kentucky at $40 beats it). Combined with our $297 service fee, you get a complete anonymous LLC — formation, registered agent year 1, custom operating agreement, EIN, bank applications — for $347. That's $50 cheaper than Wyoming, $60 cheaper than Delaware, and $475 cheaper than Nevada. For the right buyer, this is the right answer.
The right buyer is someone who needs the LLC structure but doesn't need fast US banking. The most common profiles: (1) holding LLC sitting above an operating LLC in another state, where the NM LLC owns the operating company and never needs its own bank account; (2) asset-protection shell wrapping rental property, crypto wallets, or content IP, where the asset is held passively and operating cashflow runs through other channels; (3) budget-first founder who knows the LLC will rarely transact and wants the cheapest possible legal structure; (4) layer in a multi-state asset-protection plan where the NM LLC is one of several entities and only one of them needs active banking. For these buyers, the $50 NM saves real money over time because there's also no annual report and no annual state fee — total ongoing state cost over 5 years is $0 (vs $300 for Wyoming, $1,500 for Delaware, $1,750 for Nevada).
The wrong buyer is anyone who needs active US banking for the LLC within the first few weeks of formation. Mercury, Relay, and Bluevine have lower approval rates for NM LLCs than for Wyoming LLCs — not because NM LLCs are illegitimate (they're not), but because compliance teams at digital banks have less data on the NM profile and the absence of an annual report makes it harder to verify the LLC's ongoing legitimacy. We see roughly 20-30 percentage points lower bank approval rates for NM LLCs vs equivalent Wyoming LLCs across the same applicant profile. For active SaaS, e-commerce, agency, or freelance income flows, that friction is rarely worth the $50 savings.
Day-by-day breakdown so you know what's happening at every stage.
We try to be explicit about scope so there are no surprises. Anything below is either outside this SKU, sold separately, or handled by you directly.
Honest line-by-line. We're not the cheapest sticker price in every cell — we're the cheapest after the upsells the others bolt on at checkout.
The intake is short. Five minutes, maybe ten. Below is exactly what we'll ask and why we need each piece.
Before NM filing submitted: 100% refund minus Stripe processing fees. Cancel within 24 hours before Articles reach NM SOS.
After NM filing submitted: $50 NM state fee non-refundable. $297 service refundable if we fail to deliver EIN, OA, or bank applications within 21 calendar days of filing — assuming delay is on our side.
If all bank applications reject: No refund based on bank decisions (outside our control). We re-apply to a second wave of 3 additional banks at no charge. If second wave also rejects (uncommon but possible for NM), we offer redomestication to Wyoming at cost ($100 WY state + $50 our service — no double-charge for the formation portion).
If you redomesticate to Wyoming later: $147 + $100 WY state. Preserves the EIN and the entity continuity. Most common path for NM buyers who hit banking friction after 6-12 months.
Quick answers to the things people ask in WhatsApp before they invoice.
5-minute WhatsApp intake. 5-10 day turnaround. Everything included.
WhatsApp the founder