Home State vs Foreign State › New Mexico › vs Wyoming
New Mexico LLC vs Wyoming LLC with New Mexico registration
Forming in New Mexico costs $50; forming in Wyoming costs $100 and then New Mexico charges $100 to register it, so $200 to start.
Line by line
| State fee | LLC formed in New Mexico | LLC formed in Wyoming, registered in New Mexico |
|---|---|---|
| Formation in Wyoming | None | $100 |
| Formation in New Mexico | $50 | None |
| New Mexico foreign registration | None | $100 |
| Wyoming yearly filing, two years | None | $120 |
| New Mexico yearly filing, two years | $0 | $0 |
| Two years of state fees | $50 | $320 |
Over two years the Wyoming route costs $270 more in state fees than forming at home.
State income, franchise and gross-receipts taxes are separate, are not in these totals and are the same or similar on both routes.
If you register in New Mexico
Mainstay Filing prepares the New Mexico registration (Foreign LLC Certificate of Registration) for $199 plus the state fee, with the registered agent included for the first year. The 3 services we rank for New Mexico are on the New Mexico page.
Where the numbers come from
Wyoming: formation and yearly filing from Wyoming’s own pages. New Mexico: foreign registration and yearly filing from the New Mexico Secretary of State, Business Services Division and the sources on the New Mexico page.