New Mexico Company Formation – Tips, Tricks, Pros & Cons
- Thread starter alexpor
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As soon as you want to open a bank account, whether it be with Wize, Zen, Airwallex, or Mercury, etc., all your personal information comes out and can easily be linked to your so-called anonymous New Mexico LLC! The only way to avoid this is by using a crypto wallet as long as possible.
Yes that is true, if it is just the public you are worried about and not the tax office, you are all fine doing so.
It's hard to say which state is the best, but after reading through hundreds of posts here on OCT, it seems like an NM (New Mexico) company offers the best privacy.
There is a good summary here:
https://wyomingllcattorney.com/Form-a-Wyoming-LLC/vs-Nevada-Delaware-New-Mexico
Generally, Wyoming is a good choice. If you want privacy, New Mexico and for corporations, Delaware.
Wyoming has good asset protextion and is often chosen because Wyoming has no corporate taxes. Nevada is their competitor.
New Mexico is best for a bit more anonymity and lower carrying cost but does not have friendly trust laws.
Delaware has extensive case law and is thus chosen for companies you later want to sell (mainly intransparent ones) as investors prefer having clear case law as it eliminates the need for lenghty court disputes as you can settle things mutually given previous︀ decisions. It is only interesting for corporations, not for single-member LLCs.
https://wyomingllcattorney.com/Form-a-Wyoming-LLC/vs-Nevada-Delaware-New-Mexico
Generally, Wyoming is a good choice. If you want privacy, New Mexico and for corporations, Delaware.
Wyoming has good asset protextion and is often chosen because Wyoming has no corporate taxes. Nevada is their competitor.
New Mexico is best for a bit more anonymity and lower carrying cost but does not have friendly trust laws.
Delaware has extensive case law and is thus chosen for companies you later want to sell (mainly intransparent ones) as investors prefer having clear case law as it eliminates the need for lenghty court disputes as you can settle things mutually given previous︀ decisions. It is only interesting for corporations, not for single-member LLCs.
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