Wyoming vs New Mexico

New Mexico is cheaper: $50 in state fees for the first year versus $160 in Wyoming. Wyoming has the lower state income tax (0% vs 5.9%). For a non-US founder forming remotely, Wyoming scores higher (9/10).

Filing the Articles of Organization in Wyoming costs $100. After that, expect a $60 minimum annual report fee. Annual report: $60 minimum license tax (0.02% of Wyoming-located assets, whichever is greater), due the first day of your formation anniversary month. A commercial registered agent, if you need one, is typically $50–$300 a year extra.

Yes. Wyoming requires every LLC to keep a registered agent with a physical street address in the state to accept legal and tax notices. You can act as your own agent if you live there, but non-residents and owners who want privacy usually pay a commercial agent, typically $50–$300 a year.

Filing the Articles of Organization in New Mexico costs $50. After that, expect $0 (New Mexico has no annual report). No annual report, franchise tax or annual fee for LLCs. A commercial registered agent, if you need one, is typically $50–$300 a year extra.

Yes. New Mexico requires every LLC to keep a registered agent with a physical street address in the state to accept legal and tax notices. You can act as your own agent if you live there, but non-residents and owners who want privacy usually pay a commercial agent, typically $50–$300 a year.