Wyoming LLCs
Wyoming LLCs
New Mexico vs. Wyoming
For the past 20 years, I have been recommending New Mexico LLCs as the best legal entity for anonymous ownership of vehicles and property. Rosie Sanchez was the organizer and she had exclusive contracts with a couple registered agent companies in Santa Fe, that continue to provide renewable service to her customers.
Since 2015, there have been proposed changes to the NM LLC Act every two years, but so far none of those proposals have been passed into law. Eventually NM will pass some kind of revision, because NM is one of very few states that have not revised their LLC Acts within the past 15 years. Based on the proposals made to date, they intend to reduce or eliminate the privacy of NM LLC members. For that reason, Rosie decided that in good conscience she could not continue to sell New Mexico LLCs, so she stopped forming them in that state last year. She then looked into Wyoming as a state to replace New Mexico because Wyoming now looked superior to New Mexico. However, she had no contact for a resident agent in that state that would protect her client’s privacy, so she did not pursue it.
Do you already own one or more New Mexico LLCs, as I do?
We are okay for now. The bill may never pass. If it someday does, previous LLCs may be grandfathered in. Even if not, years will pass before NM gets things in order. At that time, I can always change my properties to Wyoming LLCs, and so can you.
Why Wyoming?
In the 1990s, I was Wyoming’s greatest incorporator, selling thousands of WY corporations to the “PT” crowd in Europe. At that time, New Mexico looked better than Wyoming for LLCs, but I have kept that state in mind over the years as a backup. Wyoming’s statutes have continued to look better and better. Recently I started considering that state. However, there was a problem. Who could I use as a registered agent? I did not have anyone in Wyoming that I trusted.
An unexpected solution
Unknown to me, Don Collins, from Spokane had been following me for years. When he learned Rosie would no longer form New Mexico LLC’s, he kept an eye on me to see if I was going to start selling LLCs in Wyoming. When that did not happen, he contacted me regarding the company he worked with, Northwest. I had missed it because it was not headquartered in Wyoming, but rather in Spokane, Washington. Don told me his was the only company currently out there that was devoted to privacy and did not sell their customer’s data to anyone.
No privacy with other services
Northwest’s Competitors sell their registered agent services as a BY-PRODUCT. Basically, every other registered agent service is a corporate service company. Services like Legalzoom, Incfile, Mycorporation, Rocketlawyer, etc. do not make any money on the front end. They can go deep on a loss and make up the money by selling your data on the back end!
Why order a Wyoming LLC through me?
If you choose to work through me, I will see that you get a serious discount on any order for a Wyoming LLC. Further, should you ever have any legitimate problem with Northwest (most unlikely!), contact me. I will be on your side.
California and New York residents, contact me first
Your cost for a Wyoming LLC is just $199.
How long will the price remain at $199?
For now, the price will stay as above but I reserve the right to raise it. (It is currently lower that Northwest charges everyone else.)
If you are seriously interested in forming an LLC, click on the link below. No obligation to buy.
This just came in from Northwest:
“Your clients will need to sign up for one and then add the
other service from within their online account (which will be created
after their first purchase). After adding the second service, they will
need to contact us directly in order to adjust the fee and get the full
package discount. We recommend they sign up for mail forwarding from the
website first (if they are going to get that), that way they get their
address to use on the filing.”
Frequently asked questions
CAN I ORDER THE ADDRESS SERVICE ALONE, WITHOUT THE LLC?
Yes. For details, click the tab on this website, GHOST ADDRESSES.
MUST I USE MY REAL NAME?
No, you may use any name you like. Northwest never asks for photo ID nor even if the name is correct. You can use John Doe, Mickey Mouse, or whatever.
However, I think that using an entirely different name may be overkill. An easier solution is to just use your middle and last name, or your first initial, middle name, and last name. The reason is that if–in the future–you need to cash a check, or to prove that you are the owner of the LLC, this choice will not give you any problem.
MUST I USE MY REAL ADDRESS?
Not necessarily. However, resident agents in all states are required by law to keep on file a mailing address where documents can be mailed to in case you are being sued by anyone, or if some government agency is after you for illegal activity. For that reason, Northwest requires that you give them a street address.
Personally, I do not see any problem with this. Nevertheless, if you are truly worried when it comes to revealing your home address, then just list any street address, as long as you can receive mail there. If all else fails, list the street address of the post office where you have a box number. (Northwest does not check to see if the address is where you live.)