Delaware vs Wyoming vs New Mexico

[mmichi]

Hi,

1) Which of the above 3 require the least amount of annual recurring paperwork eg annual filings or filings due to sales etc.

2) Delaware LLC has a annual tax of 300 USD while Wyoming seems to have none, only 50 USD annual filing fees. Why is Delaware more popular than Wyoming then?
Though there seems to be a sales tax in Wyoming "The state of Wyoming charges a 4% sales tax. Additionally, counties may charge up to an additional 2% sales tax." from the below webpage:
https://www.llcuniversity.com/wyoming-llc/taxes/
3) Which one out of the 3 would be a more clear-cut, zero or very minimal fine print option. For eg. Info on Wyoming from the above page seems to say " Additional Taxes in Wyoming
This information on this page is not all-inclusive.". This to me indirectly sounds like there can be some nasty surprise years down the line stating "your business is a special case and will be taxed yada yada amount cause of so and so fine print".
Effectively what I am asking is: which out of the 3 has more straightforward, no fine print tax rules?

Thanks

 

[ImKing]

2) Delaware LLC has a annual tax of 300 USD while Wyoming seems to have none, only 50 USD annual filing fees. Why is Delaware more popular than Wyoming then?

on top of these fees you need an accounting firm to help you unless you live in the USA and know the tax system there.

Delaware vs Wyoming is a matter of temperament, no big difference.

 

[erni]

Would one of these still work in 2024 if my goals are privacy and tax through so I get taxed in my own country?

 

[redeye]

Would one of these still work in 2024 if my goals are privacy and tax through so I get taxed in my own country?

All of them work fine, I have such setups running for small business projects where it just need a legal entity to operate. They offer a good privacy so Stripe + 2co compatible. Wise also works with it.