New Mexico anonymous LLC bank account:
What is an anonymous LLC? Is it possible to have a company that is 100% anonymous? And, can you open a bank account for an anonymous LLC?
These are all questions we’re going to break down in this article to help you determine whether or not registering an anonymous LLC in New Mexico is the best option for you.
Of course, it’s important to compare New Mexico to other jurisdictions before choosing where to incorporate, including the Wyoming LLC pros and cons and also the pros and cons of Nevada and Delaware.
Feel free to use the table of contents to jump ahead to the section most relevant to you.
Table of Contents
- New Mexico Anonymous LLC Bank Account 101
- Anonymous LLCs
- Can an Anonymous Business Open a Bank Account?
- Frequently Asked Questions
- Ready to Open Accounts With Banks in the USA?
New Mexico Anonymous LLC Bank Account 101
While New Mexico does allow foreign-owned businesses to register as anonymous LLCs, opening a bank account for an anonymous LLC is nearly impossible. Some non-resident US LLCs can apply for an account remotely or for a virtual bank account with a routing number.
But first, it’s important to ask yourself if an anonymous LLC is right for you. Because, if your LLC requires a bank account and access to payment processing services then an anonymous LLC might not be for you.
With this in mind, let’s look at what an “anonymous LLC” really is. Then, you can decide if it’s really the best corporate structure for you and your business.
Anonymous LLCs
Anonymous LLC is informal lingo that refers to a company that keeps the identity of the owner(s) confidential. In other words, the personal information of the LLC member(s) is not publicly available in the state’s corporate registry.
New Mexico Anonymous LLCs
New Mexico anonymous LLCs offer privacy in the form of identity protection. In fact, New Mexico’s Secretary of State does not require the names of members or managers to be publicly stated when filing and registering a foreign-owned US LLC.
Instead, LLC owners will replace their personal information by hiring a registered agent or service provider. They then submit the individual’s name, address, and place of business as the point of contact for the LLC.
What Service Providers Don’t Want You to Know About New Mexico Anonymous LLCs
Oftentimes, foreign-owned US LLCs choose to register their company as an anonymous LLC in New Mexico because they think New Mexico is the only state that offers identity protection. While in fact, other states like Wyoming, Nevada, and Delaware also offer the same level of privacy.
Additionally, foreign business owners are led to think they don’t have to report to the IRS when registering a New Mexico anonymous LLC. However, all foreign-owned non-resident US LLCs are required to file forms 5472 and 1120 with the IRS annually.
Last but not least, corporate service providers often promote New Mexico anonymous LLCs as a cheaper option because the state doesn’t require annual fees to be submitted. While this is true, every service provider in New Mexico will charge an annual fee. Some are more expensive than others.
So, before registering a New Mexico anonymous LLC, carefully review what the corporate service providers are offering you and your business and whether or not it’s the best option for you.
Can an Anonymous Business Open a Bank Account?
It is highly unlikely, if not impossible to open a bank account for an anonymous US LLC. In fact, you will likely be rejected immediately and turned down for a business bank account. This is because banking regulations require proof of identification of all owners and members to open a bank account.
This includes submitting the Initial Resolutions and Operating Agreement for the business, which must list the name of the member opening the account.
So, if your LLC requires access to payment processing and a bank account, you might want to look at other options. In fact, many people opt to register LLCs in Nevada, Wyoming, or Delaware instead.
Frequently Asked Questions
Below are three of the most common questions we receive from people exploring New Mexico anonymous LLC bank accounts. If you have further questions you would like answered, don’t hesitate to get in touch.
Is a New Mexico LLC Anonymous?
It is a limited liability company where the owner’s identity is not publicly known. This means LLC business owners aren’t required to provide their names when filing company formation paperwork in New Mexico.
Can You Get an Anonymous Bank Account?
No. It is nearly (if not) impossible to get an anonymous bank account. Bank account opening in the US requires proof of personal identification, company documents, and an Employer Identification Number (EIN).
How Do You Prove Ownership of an Anonymous LLC?
An operating agreement can prove ownership of an anonymous LLC. While an operating agreement isn’t required to be submitted to the state, it is a private document held by the owner(s) of the LLC. The operating agreement outlines who its members are and how the LLC operates.
Ready to Open Accounts With Banks in the USA?
If so, you can get access to GlobalBanks USA (our dedicated US banking service) in just a few clicks.
GlobalBanks USA is a 100% personal account opening solution. It provides direct access to our team of US banking experts.
When you join, you receive…
+ Expert suggestions on where to open US bank accounts.
+ Step-by-step support to navigate opening US bank accounts.
+ Direct introductions to helpful and responsive bankers.
+ Plus, detailed guides to maximizing the value you get from your new US bank account.
And “yes!” GlobalBanks USA helps foreigners and non-resident individuals open bank accounts.
In fact, GlobalBanks USA even helps non-resident US LLCs and foreign & offshore entities.
To learn more about GlobalBanks USA, visit the product page to see how our team can help you successfully open US bank accounts!
