Land of Enchantment · Santa Fe
New Mexico
The cheapest to maintain: no annual report.
New Mexico is the cheapest state to keep an LLC running: no annual report, no annual state tax. An ideal option if you’re starting on a tight budget.
The lowest cost over time
$50 to form, and then the state requires no annual report from LLCs. Your only recurring costs: the registered agent and your federal obligations (Form 5472).
Who is it for?
New projects, freelancers and simple structures. If you’re courting demanding US partners or investors, go with Wyoming or Delaware instead.
Pros
- Among the lowest formation fees ($50)
- No annual report and no annual state tax
- Good privacy for members
Watch out for
- Less familiar to banks and partners
- Administrative processing can take longer
- Formation
- US$50
- Every year
- US$0
- Annual deadline
- No state deadline
- Processing time
- A few business days
- Cost
- Privacy
- Prestige
- Simplicity
Ideal for
- Tight budgets
- Projects in the testing phase
- Freelancers
- Lightweight holding companies
Other states
Wyoming
The non-resident favorite: simple, private, affordable.
- Formation
- US$100
- Every year
- US$60
From €399, state fee included
Explore Wyoming Most popularDelaware
The gold standard for investors and business law.
- Formation
- US$110
- Every year
- US$300
From €409, state fee included
Explore Delaware Most prestigiousFlorida
For a real presence in the US market.
- Formation
- US$125
- Every year
- US$139
From €424, state fee included
Explore Florida Local marketTexas
The second-largest economy in the US.
- Formation
- US$300
- Every year
- US$0
From €599, state fee included
Explore TexasTake off.
Ten minutes to configure. 24 hours to file. Your American company starts now.
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