Key Takeaways
- New Mexico offers the lowest long-term cost, with a $50 formation fee and no annual report requirement.
- Wyoming provides strong privacy and asset-protection features with relatively low ongoing costs.
- Delaware combines privacy with a well-established business law framework, making it appealing to businesses seeking investors.
- Nevada offers less practical privacy than its reputation suggests, as managers or members can appear in public filings.
- Anonymous LLCs are not completely anonymous. Ownership information may still be required for tax, banking, legal, or regulatory purposes.
Read this Swyft Filings guide to explore the best states for anonymous LLC formation, how their costs and filing rules compare, and how to form one from start.
An anonymous LLC is a business structure that can help keep an owner’s name and personal information out of certain publicly available state business records. For entrepreneurs, investors, and business owners who value privacy, this can be an appealing option when forming a company. However, an anonymous LLC does not mean the owner’s identity is completely hidden. State laws determine what information must be disclosed, and privacy protections can vary significantly depending on where the LLC is formed and where it does business.
Some states allow LLC owners to maintain greater privacy by limiting the personal information included in public formation documents. Others require more ownership or management details to be disclosed. Additional records, such as property filings, court documents, tax records, or banking information, may also require disclosure. Understanding these differences is important before choosing an anonymous LLC. This guide explains which states offer greater LLC privacy and the key steps involved in setting one up.
Current List of US States That Allow Anonymous LLC Formation
Only a handful of states currently allow true anonymous LLC formation, in which owner and manager names are kept off the public Articles of Organization. Those states are Wyoming, Delaware, New Mexico, and Nevada. Each limits what ownership information appears on the public Articles of Organization, but they differ meaningfully in cost, ongoing filing requirements, and how well that privacy holds up over time.
Wyoming vs. Delaware vs. New Mexico vs. Nevada for Anonymous LLC Formation
Before explaining each one in detail, here is the quick overview of the current list of US states that allow anonymous LLC formation:
State | Filing Fee | Annual Requirement | Owner names on formation filing | Recurring state cost | Privacy Notes |
Wyoming | $100 | Annual report required | Not required | $60 minimum (scales with in-state assets) | No franchise or corporate state tax; strong, well-established privacy reputation |
Delaware | $110 | No annual report required | Not required | $400 annual tax, up from $300 | No ownership disclosure on formation; mature, well-tested business law |
New Mexico | $50 | No annual report at all | Not listed | $0 ongoing state fee | Cheapest to form and maintain long-term; no corporate income or franchise tax unless electing corporate tax status |
Nevada | ~$425 total ($75 articles, plus a $150 initial list and $200 business license) | Annual List required, which includes a manager or owner name becoming public | Initial managers or members are public | 350 per year ($150 Annual List + $200 business license renewal) | Despite its privacy reputation, Nevada's Annual List can expose an owner's name unless a separate, non-owner manager is listed |
Let’s discuss this table in detail:
1. Wyoming
Wyoming's articles require only the LLC name, a designated office address, and a registered agent, with no member or manager names. The annual report also doesn't ask for owners' names, and Wyoming has no state income tax or franchise tax.
The annual fee is $60 or $0.0002 per dollar of Wyoming assets, whichever is greater. The report is due on the first day of the month in which the entity was originally filed. A late report is risky, because if it isn't paid within 60 days of the due date, the LLC can be subject to dissolution.
Watch out: New Mexico and Wyoming require an organizer's name, but that doesn't have to be you. You can list your attorney, accountant, or registered agent as the organizer.
2. Delaware
A Delaware certificate of formation asks only for the company name and registered agent details. Delaware also has no annual report for LLCs. The cost is the annual tax. House Bill 400 raised the annual tax on LLCs, LPs, and GPs from $300 to $400, effective January 1, 2026, though the higher amount generally first shows up in payments due in 2027. The tax is due June 1.
Delaware makes the most sense when you expect outside investors or want its well-developed business law. If you plan to operate in another state, you'll pay that state's taxes too, because you must register as a foreign LLC in the state where you actually operate, employ staff, or hold property.
3. New Mexico
New Mexico charges $50 for the Articles of Organization, and members' names are not listed in the public record. It also requires no annual report of any kind. A registered agent is still required: you must have a New Mexico registered agent to operate an LLC in the state.
The tradeoff is that some banks and counterparties find very bare public records harder to verify. An anonymous LLC may find it hard to open a bank account since public records don't show you as a member or manager.
4. Nevada
Nevada markets itself as private, but its articles must identify every initial manager, or every member if the LLC is member-managed. The yearly list is public, too: the state requires an annual list of managers or managing members, and it becomes public.
Missing deadlines cost more, with a $75 late penalty for the annual list and $100 for the business license renewal. You can reduce exposure with a manager-managed structure, but at $425 up front and $350 a year, Nevada rarely wins on cost or privacy.
NOTE: Confirm current fees directly with each state's Secretary of State before filing, since these figures are subject to change with time. |
From the table above, the best option depends on what you prioritize:
- Lowest long-term cost: New Mexico is generally the most affordable option.
- Best balance of privacy and legal infrastructure: Delaware offers a strong combination of privacy and an established business-law framework.
- Best for privacy and asset protection: Wyoming offers strong privacy protections and favorable asset-protection laws.
- Weakest for true anonymity: Nevada may be less private in practice than its reputation suggests because of its Annual List requirements. Maintaining privacy with a Nevada LLC requires careful structuring.
How to Set Up an Anonymous LLC: Step-by-Step
Setting up an anonymous LLC generally follows the same basic process as forming any other LLC. The key difference lies in choosing a state and structure that limit the ownership information available through public records. Because state requirements differ, check the current rules before filing. Here are the basic steps to follow to create an Anonymous LLC:
1. Choose Your State
This decision shapes everything that follows, so it's worth more than a quick pick based on reputation alone. Match the state to what you are actually optimizing for:
- If cost and simplicity matter most, New Mexico's $50 fee and total absence of an annual report make it the lowest-maintenance option available.
- If you also want asset-protection law working alongside privacy, which is useful for real estate holdings, Wyoming's charging-order protections make it a common pick for investors specifically.
- If you want predictable, flat annual costs with no report to track, Delaware's $300 flat tax (no report required) is straightforward to budget for.
- Nevada should only be chosen if you are prepared to add a nominee-manager structure, since its own filings otherwise undercut the privacy you're creating it for.
Also factor in where you will actually be doing business. If you form in Wyoming but operate, hold property, or have employees in another state, you'll likely need to register there too, and that second state's disclosure rules apply regardless of how private your home state is.
2. Select and Reserve Your LLC Name
Each state has its own naming rules, typically requiring "LLC" or "Limited Liability Company" in the name and prohibiting names that are already in use or confusingly similar to existing entities. Most states let you search their business database and reserve a name for a fee before filing, which is worth doing if you are not ready to file immediately but want to lock in your chosen name. Keep in mind the name itself is public regardless of anonymity; it's the owner information that stays private, not the business name.
3. Appoint a Professional Registered Agent
This is the single most important mechanical step for actually achieving privacy, and it's where people most often undermine themselves. A registered agent is the party legally designated to receive lawsuits, state notices, and official correspondence on the LLC's behalf, and every state requires one, anonymous or not. If you list yourself as the registered agent to save money, your name and home address become part of the public record, which defeats the entire purpose of forming an anonymous LLC. A professional registered agent service from Swyft Filings lists a commercial address instead, forwards anything important to you privately, and keeps this requirement from becoming a privacy leak.
4. File the Articles of Organization
This is the formation document submitted to the state, typically the Secretary of State's office, and this is what legally creates the LLC. In the states covered here, you can leave member and manager names off this document, listing only the registered agent's information publicly. Double-check your state's current form, since requirements can change, and an outdated template might still ask for information you don't need to provide.
5. Draft an Operating Agreement
The operating agreement is where your actual ownership lives, like who owns what percentage, who has decision-making authority, how profits are split, and what happens if an owner wants to exit. It is never filed with the state, which is exactly why it is the right place to document real ownership.
Beyond privacy, this document matters practically as it is typically what a bank will ask for to verify who actually controls the LLC when opening an account, and it's what a court looks to if ownership is ever disputed. Even a single-member LLC should have one; not having it can weaken your ability to prove the LLC is a genuinely separate entity if liability protection is ever challenged.
6. Apply for an EIN
An EIN (Employer Identification Number) is the LLC's federal tax ID, required to open a business bank account and file taxes. The IRS requires you to name a "responsible party" on this application. This information is not public but is required and goes directly to the IRS rather than to any state filing. This step is a good example of the broader principle running through this whole process, i.e., anonymity applies to public records, not to every government interaction the LLC has.
7. Open a Business Bank Account
Banks are required under federal anti-money-laundering rules (specifically beneficial ownership verification requirements) to collect information about who actually owns and controls an LLC before opening an account for it, regardless of how privately the LLC was formed at the state level.
Expect to provide the operating agreement, confirmation of the EIN responsible party, and sometimes a banking resolution naming authorized signers. None of this becomes public; it stays with the bank. Budget extra time for this step with an anonymous LLC, since public records alone won't satisfy the bank's requirements the way they would for a standard LLC.
8. Set Up a Nominee Manager If Forming in Nevada
Nevada's Initial List (due at formation) and Annual List (due every year thereafter) both typically require naming at least one manager or owner, and this information becomes public once filed. If privacy matters and you are forming in Nevada specifically, a nominee manager, a third party authorized to appear on these filings while the real owner retains actual control privately through the operating agreement, closes this gap. Set this up before your first filing is due, not after, since you can't retroactively remove a name that's already been made public.
9. Keep Annual Filings Current
Formation isn't a one-time task. Maintaining the LLC's good standing is an ongoing requirement, and allowing it to lapse creates two problems. First, it can weaken the liability protection the LLC was formed to provide, since a court may view an LLC that has fallen out of compliance as not being properly maintained as a separate entity.
Second, in states like Wyoming that require an annual report, missing it can eventually lead to administrative dissolution, and reinstating a dissolved LLC sometimes requires refiling information you'd rather not resubmit, or dealing with a lapse in the privacy protection you'd established. Treat the annual report or tax deadline with the same seriousness as the initial filing itself.
Final Thoughts
Wyoming, Delaware, New Mexico, and Nevada all technically allow anonymous LLC formation, but they are not equally private once you look past the initial filing. New Mexico offers the cleanest long-term privacy with no ongoing reporting. Wyoming and Delaware both hold up well with modest annual obligations. Nevada requires additional structuring to live up to its reputation for privacy. Pick based on what you are actually optimizing for, such as lowest cost, strongest asset protection, or simplest ongoing compliance, rather than reputation alone. Need help? Choose Swyft Filings LLC formation specialists and select a state that fits your privacy needs.
FAQs
An anonymous LLC is an LLC structured so that the owner's name and certain personal information do not appear in publicly accessible state formation records. It does not mean the owner's identity is hidden from the IRS, banks, courts, or other legally authorized parties.
Wyoming, Delaware, New Mexico, and Nevada are commonly considered the primary states for anonymous LLC formation because their formation filings can limit the amount of ownership information made public. However, their ongoing disclosure requirements differ.
There is no single best state for everyone. New Mexico is generally attractive for low cost and minimal ongoing filings, Wyoming for privacy and asset-protection features, and Delaware for its established business-law framework. Nevada requires more careful planning because of its public management filings.
New Mexico is generally one of the lowest-cost options. Its Articles of Organization have a $50 filing fee, and New Mexico does not require LLCs to file an annual report, which helps reduce recurring state costs.
Wyoming's Articles of Organization do not require members or managers to be listed. The state requires an organizer, but the organizer need not be the LLC's owner.
Delaware can provide a high degree of public-records privacy because its LLC formation documents do not require member names. It is also known for its well-established business law system. However, Delaware LLCs are subject to an annual tax.
Not necessarily. Nevada's privacy protections are more limited than its reputation may suggest because its filings require information about managers or members. Maintaining greater privacy may require a carefully structured management arrangement.
No. An anonymous LLC only limits certain information available through public records. The IRS, banks, and other legally authorized entities can still require information about the LLC's actual owners or responsible parties.


