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Wyoming vs Nevada vs New Mexico: Real Privacy Comparison

Wyoming, Nevada, and New Mexico all market themselves as the best US states for LLC privacy. The reality is more nuanced. Each state has different disclosure rules at formation, annual report, and litigation discovery levels. Here is the honest comparison.

Answer

Wyoming: no member or manager names on Articles or annual report. Strongest charging-order protection in the US. Wyoming wins on single-member LLC privacy. Nevada: no member names on Articles but manager names on annual report (less private over time). Higher annual fees. New Mexico: no member names anywhere on public filings. Cheapest of the three. But weaker charging-order protection. For non-resident founders, Wyoming wins overall when combining privacy, cost, and legal protection.

By Zawwad, Founder & CEO, WyomingLLC by Topslice LLC.

Last updated May 20, 2026

What "anonymous LLC" actually means

Anonymous LLC means your name does not appear on the public state filings (Articles of Organization, annual reports). However, "anonymous" does not mean untraceable:

  • IRS knows you (EIN application requires your name)
  • Your bank knows you (KYC requirements)
  • Court orders can pierce the veil during litigation
  • FinCEN's CTA (when re-instated) required UBO disclosure
  • Tax filings (Form 5472) name you as 25%+ owner

Anonymous LLC privacy is for casual public lookups, not for hiding from regulators or courts. Set expectations accordingly.

Wyoming privacy: what shows publicly

  • Articles of Organization: LLC name, registered agent, principal office address. No member or manager names.
  • Annual report: LLC name, registered agent, assets in Wyoming. No member or manager names.
  • UCC filings: If you take loans, UCC filings may name members. Personal choice.
  • Litigation: Court orders can require member disclosure during discovery.

Nevada privacy: what shows publicly

  • Articles of Organization: LLC name, registered agent, organizer (can be the formation agent). No member names.
  • Initial list of managers: Required within 30 days. Manager names appear publicly.
  • Annual report: Updates manager list. So manager names update annually.
  • If you list yourself as manager (common for single-member), your name appears.

New Mexico privacy: what shows publicly

  • Articles of Organization: LLC name, registered agent, organizer. No member or manager names.
  • No annual report required: Saves time and adds privacy.
  • Annual fee: $0 (yes, zero, unique among US states).
  • Member names are not collected by the state at any point.

Side-by-side: cost and protection

StateMember name public?Manager name public?Year 1 costYear 2+ annual costCharging order protection
WyomingNoNo~$397~$160Strongest (Section 17-29-503)
NevadaNoYes (annual)~$650~$350Strong
New MexicoNoNo~$200$0 (no annual report)Moderate

The verdict for non-resident founders

Wyoming wins for most non-resident founders because it combines full privacy (no names anywhere) with the strongest US charging-order protection at moderate annual cost (~$160/year). New Mexico is cheaper but weaker on litigation protection. Nevada costs more and exposes manager names. WyomingLLC only forms Wyoming LLCs because the combination wins consistently.

Frequently asked questions

Can someone find out I own a Wyoming LLC?
Through public state filings, no. Through your bank, IRS, or court order, yes. Privacy is for casual lookups, not regulator-proof anonymity.
Why not pick New Mexico for zero annual fee?
Lower charging-order protection for single-member LLCs. Wyoming's $160/year buys real legal protection that NM does not match.
Does Delaware offer the same privacy?
No. Delaware requires manager names on filings. Lower privacy than Wyoming or NM.
Can I add privacy with a nominee structure?
Yes but adds complexity and cost. Most founders find Wyoming's base privacy sufficient.

Form your Wyoming LLC in 24 hours.

$297 + state fee. EIN, registered agent (1 year), and Mercury/Relay/Wise bank introductions included.