Wyoming

Premier choice for asset protection and privacy.

• Strong LLC protection laws
• No state income tax
• Low filing fees
• Minimal reporting requirements
• High level of privacy
• No minimum capital requirement
• Strong asset protection features
• Simple and efficient registration process

Nevada

Balanced choice with established reputation.

• No state corporate income tax
• No personal income tax
• Strong corporate veil protection
• No information sharing with IRS
• No franchise tax
• No corporate shares tax
• Privacy protection for officers and directors
• No minimum capital requirement

New Mexico

Simplest compliance requirements.

• No state corporate income tax
• No personal income tax
• Low filing fees
• No annual report requirement
• No minimum capital requirement
• Privacy protection (no public records)
• No franchise tax
• No corporate shares tax

Privacy Protection

Level of privacy and public record requirements

• Wyoming: Strong privacy protection with minimal public records
• Nevada: Strong privacy protection but requires annual reports
• New Mexico: Strong privacy protection with no public records of officers/directors

Reporting Requirements

Ongoing compliance and reporting obligations

• Wyoming: Minimal reporting requirements
• Nevada: Requires annual reports
• New Mexico: No annual report requirement

Filing Fees

Cost of initial and ongoing registration

• Wyoming: Low filing fees
• Nevada: Higher filing fees
• New Mexico: Low filing fees

Asset Protection

Level of legal protection for business assets

• Wyoming: Strongest asset protection laws
• Nevada: Strong corporate veil protection
• New Mexico: Good asset protection but not as strong as WY or NV

For Maximum Privacy and Asset Protection

Choose Wyoming

Offers the strongest privacy protection and asset protection laws with minimal reporting requirements.

For Balance of Privacy and Reputation

Choose Nevada

Provides a good balance of privacy protection and established business reputation, though with higher fees.

For Simplest Compliance

Choose New Mexico

Offers the simplest compliance requirements and low costs, though with slightly less asset protection.