Wyoming VS New Mexico LLC What is better?
- Thread starter Luganese
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from what guy?
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never got a reply on this question. Can someone please explain and let us know the costs using this service provider?
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genera it takes only a few days, sometimes they can register companies in a few hours.
that's interesting, did they travel to the US and visited the bank or did they already live there? I believe it is not possible to open a US bank account remote unless you know someone.
in your opinion, Wyoming is still the better solution if privacy matters?
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You can get a bank account from Mercury, which is good enough for until you find time to visit USA in person.
long time not been here. Need New Mexico company and banking with Mercury bank. What service provider to use for the company setup please?
I used North West. They can help you with a whole process, but IMO applying for EIN and then for account in Mercury is manageable by anybody who's smart enough to run business.
But of course you can pay them extra to go through the whole process without even moving your finger
For privacy they are the same in my opinion. And I would chose NM for the cheaper price and no yearly renewal fee. I have myself a few NM LLCs that have no assets, or are owned by a WY holding LLC to get the WY charging order.
For asset protection, WY is way ahead. So if you need privacy and asset protection, choose WY.
For anyone fawning over how MUCH cheaper a NM LLC is compared to a WY LLC (which in turn is cheaper than a Delaware LLC)... is the business venture you are planning such a smalltime thing that a few hundred dollars a year are a matter of life and death (or almost)?
If so, you might want to consider not being in business at all? Unless you were planning to have multiple LLCs...
If so, you might want to consider not being in business at all? Unless you were planning to have multiple LLCs...
I was quite pleased with L4SB (Law 4 Small Business). Law firm that does registered agent too. Can't remember a time they didn't pick up the phone when I called.
I agree, a few hundred dollars should not stop you if you plan long term!
do the offer registered office too? accounting? tax filing?
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Yes, registered agent with their office, they get your mail and all that. And they are mostly lawyers and paralegals. Can't remember about accounting and tax filing because that venture of mine kinda aborted. But at the most they will have a few selected CPAs available. Really good people.
What bank account do you have for these entities?
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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.
I used Mercury and worked just like that. I've applied at the evening and woke up next day with opened account
any restrictions on the volume you put through them, everyone is happy with them for their Wyoming or NM LLC ?
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Haven't reached 6 digits yet, so no troubles. But tbh Mercury has some award scheme for accounts with more than 250k USD deposit. Actually you'll receive a tea. But the point is they not so afraid of 6-7 figures
nice to hear that, congrats.
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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.
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