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Wyoming vs Delaware vs New Mexico
By BookMyLLC ExpertJanuary 20, 20266 min read
Which State is Best for Your LLC?
Wyoming, Delaware, and New Mexico are three of the most popular states for LLC formation. Each offers unique advantages depending on your business needs.
Wyoming
Best for: Privacy-focused founders. No state income tax, anonymous LLCs allowed, low $60 annual fee. Filing fee: $100.
Delaware
Best for: Venture-backed startups and investors. Well-established legal system, no state income tax for out-of-state LLCs. Filing fee: $110, annual fee: $300.
New Mexico
Best for: Budget-conscious founders. Lowest cost option with $50 filing fee and no annual report requirement. Anonymous LLCs allowed.
