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Wyoming VS New Mexico LLC What is better?

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I personally know several people who opened up us bank accounts (BofA, Wells Fargo) for their⁢ non resident llc.
call up customer service of the bank and talk to them and︀ they will also confirm that they have no issues with opening account for non residents,︁ it just the first meeting needs to be held in person where the bank officer︂ will read you your rights and the rules as well as tick their boxes for︃ KYC procedures etc.
 
I concur, if you can get⁢ a willing bank and satisfy KYC, then you can open the bank account. Once you︀ satisfy KYC and have a relationship, new accounts can often be set up from abroad.︁
 
Thanks for dropping this agent. Please I would⁢ appreciate if you or anyone here can also drop a link to a good and︀ affordable agent as well for Wyoming LLC formation.
 
I've also been used the agent that Patrick846 mentioned⁠ - they are good and like he said they are fairly minimal in terms of⁤ what they actually do for you. I've used WYOMING REGISTERED AGENT - $25 A YEAR⁣ TOTAL for Wyoming and I believe they're part of the same network as the New⁢ Mexico one. But basically go for the cheapest one you can find because they barely︀ do anything for you.
 
Thanks, already know of this guys their fees looks okay except for⁢ their EIN for non-resident which is around $270 or so. I thought any agent can︀ help providing cheaper EIN service for Wyoming
 
You can apply for an EIN⁠ yourself without a registered agent. The process is free and you can do it through⁤ an online US fax number.
There is a REALLY awesome guide here which I followed:⁣ How to Apply for EIN (for your LLC) without an SSN or ITIN | LLC⁢ University®
and it worked perfect. Takes a few days but IRS will fax it to︀ your online fax number and you get an email straight away. Very easy. Don't pay︁ a registered agent to get an EIN for you - you can do it free︂ with a little bit of work.
 
Thanks alot bro for sharing this. I just quickly skimmed through the article︀ and will be going through it in details. I also hope the same steps to︁ get ITIN it's also there or you've a different ways to go about that? Thanks︂ so much for you this
 
If these :

are the only requirement in order to get a ITIN then it may be time︁ to find some accountant or lawyer in the US that is able to help get︂ it. As far as I also read, the US banks require a ITIN or SSN︃ to open a bank account for foreigners, so, if you are able to get the︄ ITIN you actually solved the problem.
 
Hi All,
Anyone has created an NM or WY LLC to own and invoice a‌ Friends & Family Administrator Account with Interactive Brokers.
Thanks,
 
Any reason for choosing WM over NM for the LLC? ... NM‍ is theoretically cheaper, more anonymous and with less reporting?
 
Hi Admin,

Do you have any experience on the IB Friends & Family Administrator Account?? Thanks⁣
 
NM does not have‍ good asset protection statutes. WY on the opposite has excellent charging order. I have however⁠ a few NM LLC for some operating entities that don't have asset.
The main purpose⁤ of my WY LLC is asset protection and estate planning. Most of my US assets⁣ are under WY LLCs. My international assets are so far under a Belize LLC.
 
What about US estate tax? Can’t that be an issue? Or will the LLC avoid‌ just that?
How difficult is it to get banking with such LLCs as a non-resident?‍
 
As a US person, it does not change anything for⁠ me. Except that I can use some strategies like the gifting exclusion to transfer each⁤ year a part of my membership interest estate tax free while keeping full control of⁣ it.
 
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