Wyoming vs New Mexico LLC

What $62 a year buys in Wyoming

1. An explicit single-member shield. Wyoming's statute makes the charging order the exclusive remedy for a member's personal creditor and says so for single-member LLCs. That clarity is the main reason asset-protection planners favor it.
2. A longer track record. Wyoming invented the LLC in 1977 and has decades of statutes and administrative practice built around out-of-state owners.
3. A living public record. The annual report keeps the entity's status and addresses current, which banks and counterparties check. A New Mexico LLC's record can sit untouched for years, so you must update addresses and agents yourself.

When New Mexico wins

For a passive holding entity with little liability exposure (owning a domain, a trademark, or a small investment account) New Mexico's zero carrying cost is hard to beat, and it has no ongoing filing to forget. It also avoids the Wyoming failure mode where a missed anniversary report quietly leads to administrative dissolution.

When Wyoming wins

Operating businesses, entities holding real estate or other assets that attract claims, and anything a creditor might pursue benefit from Wyoming's clearer statute. Banks and payment processors are also more familiar with Wyoming LLCs owned by out-of-state and non-US founders.

The cost that matters more

Whichever you choose, the home-state rule applies: if you live and work in California, New York, or another state with its own entity tax, the LLC must register there and pay that state too. At that point, the $62 difference is noise. Check your exposure in the nexus checker, compare against Delaware in Wyoming vs Delaware, or go straight to forming in Wyoming.