New Mexico LLC – LLC Radar

Cost to Form an LLC in New Mexico

Brian Wilson — Sun, 06 Oct 2024 08:28:52 +0000

Starting a Limited Liability Company (LLC) in New Mexico offers entrepreneurs a flexible and protective business structure.

However, it’s essential to understand the costs associated with LLC formation to make informed financial decisions. This comprehensive article breaks down the expenses involved in establishing and maintaining an LLC in the Land of Enchantment.

For official guidance on forming an LLC in New Mexico, visit the New Mexico Secretary of State website. This official resource provides detailed information and resources to guide you through the LLC formation process.

New Mexico LLC Formation Fee

The first step in forming an LLC in New Mexico involves filing the Articles of Organization with the New Mexico Secretary of State. The associated New Mexico LLC formation fee is $50. This fee covers the administrative costs of processing and reviewing your LLC formation documents.

New Mexico Biennial Report Fee

To maintain your LLC’s active status in New Mexico, you are required to file a biennial report every two years. The New Mexico biennial report fee is $25. This report ensures that your LLC’s information, such as member details and business activities, remains current and accurate.

New Mexico Registered Agent Fee

Appointing a registered agent is a crucial step when forming an LLC in New Mexico. A registered agent serves as the point of contact for legal matters and official documents on behalf of the LLC.

While you can choose to serve as your own registered agent, hiring a professional service typically incurs annual fees ranging from $100 to $300.

New Mexico LLC Publication Fees

Unlike some states, New Mexico does not require LLCs to publish a notice of formation in a local newspaper. This saves businesses from incurring additional publication fees during the LLC formation process.

New Mexico State Business License Fee

New Mexico does not impose a state-level business license requirement. However, depending on your business’s nature and location, you may need to obtain local licenses or permits, which may come with additional costs.

New Mexico Professional Licensing Fees

Professions that require specialized training or licensing, such as doctors, lawyers, and other regulated occupations, may incur additional professional licensing fees in New Mexico. The specific fees vary based on the profession and its associated regulatory board.

Local Business License Fees in New Mexico

Certain municipalities within New Mexico may require a local business license. These licenses are typically issued by local governments and come with varying fees based on your business’s location and type.

Optional LLC Fees in New Mexico

New Mexico offers optional services, such as expedited processing and name reservation, which come with additional fees. Expedited processing ensures faster approval of your LLC formation documents, while name reservation allows you to secure your desired business name before filing.

Business Insurance Premiums

Although not mandated by the state, obtaining business insurance is recommended to mitigate potential risks and liabilities. Insurance premiums vary based on factors such as the size, industry, and nature of your business.

Cost to Register a Foreign LLC in New Mexico

If you already have an LLC registered in another state and want to operate in New Mexico, you’ll need to register as a foreign LLC. The cost to register a foreign LLC in New Mexico is $100. This fee grants your foreign LLC the authority to conduct business within the state.

Conclusion

Launching an LLC in New Mexico involves various expenses that require careful consideration. From the initial New Mexico LLC formation fee to potential professional licensing fees and business insurance premiums, understanding these costs is essential for effective financial planning.

By utilizing resources like the New Mexico Secretary of State website, you can navigate the LLC formation process confidently, ensuring compliance with state regulations and optimizing your financial resources.

How to Do a Business Name Search in New Mexico (2025)

Brian Wilson — Sat, 05 Oct 2024 02:08:20 +0000

How to Do a Business Name Search in New Mexico

Selecting the right name is an essential first step for your New Mexico LLC, requiring you to ensure the name’s availability. Perfoming a business entity search in New Mexico is vital to avoid infringing on existing business names and intellectual property rights within the state.

Our New Mexico LLC name search guide offers essential tips on checking LLC name availability in New Mexico, reservation, and registration, helping you secure a unique and compliant business identity efficiently.

New Mexico Entity Name Search (Summary)

To search for the availability of a business name in the state of New Mexico, follow these steps:

Visit the New Mexico Secretary of State’s Business Services website and search the New Mexico Business Search tool to check if your chosen business name is available
Click on “Business Search” under the “Search” tab on the left-hand side of the page.
Enter the name you wish to search for in the “Business Name” field.
Click “Search.” If the name is available, you will see a message stating “No Records Found.”
If the name is not available, you will see a list of businesses with similar names. You can click on the business name to view additional details.
If you are interested in reserving a name for future use, you can do so by filing a Name Reservation Application with the New Mexico Secretary of State’s office.

What is a New Mexico Business Entity?

A New Mexico business entity refers to an organization that has been legally formed and registered to conduct business within the state of New Mexico. The process and rules for establishing and operating a business entity in New Mexico are managed by the New Mexico Secretary of State.

The types of business entities that can be established in New Mexico are similar to those in other states and include:

Sole Proprietorship: This is the simplest type of business structure, owned by one individual. The owner is personally liable for the business’s debts and obligations.
Partnership: This could be a General Partnership (GP), Limited Partnership (LP), or Limited Liability Partnership (LLP). In a GP, all partners share liability, while in an LP, at least one partner has limited liability. In an LLP, every partner has limited liability.
Corporation: This is a separate legal entity that is owned by shareholders. It can be a for-profit corporation (C corporation or S corporation) or a nonprofit corporation. Shareholders have limited liability, and the corporation has its own rights and responsibilities under the law.
Limited Liability Company (LLC): This is a business structure that combines elements of partnerships and corporations. It provides owners with limited liability protection and can be easier to manage than a corporation.
Nonprofit Organization: This is a business entity organized for a public or mutual benefit other than generating profit for owners or investors. Nonprofits are typically exempt from paying certain taxes.

New Mexico Secretary of State Entity Search

When forming a business entity in New Mexico, you typically need to file the appropriate documents with the New Mexico Secretary of State, possibly pay a filing fee, and follow any additional rules or regulations specific to the type of entity.

Here is the link to the New Mexico Secretary of State’s Business Services website

Here is the link to the NM Business Search page

New Mexico Secretary of State (Contact)

Mailing Address

New Mexico Secretary of State Business Services Division
New Mexico Capitol Annex North
325 Don Gaspar, Suite 300
Santa Fe, NM 87501

Physical Address

New Mexico Secretary of State
New Mexico Capitol Annex North
325 Don Gaspar, Suite 300
Santa Fe, NM 87501

Hours: Monday-Friday, 8:00 a.m.-5:00 p.m.

Email: Business.Services@sos.nm.gov

Phone: (502) 827-3600/(800) 477-3632

Tips for using the New Mexico LLC Search

You can search for information about an owner using the website of the Secretary of State (SOS). These steps can be used to search for an LLC already in existence.

Name – This is the most popular search option. You can filter your search using multiple keywords to find the right information.
Director – The name given to the person who owns or manages the company.
Register Agent – This is your company’s legal representative’s name and title. The owner’s name is not the registered agent.
You can also enter a business ID number in the appropriate field of the Secretary-of-State search portal.
Only one search result should be returned by the business ID option. Public information will include contact information for the LLC, details of the registered agent, details about the business ID number and names of the organizers.

The following steps will allow you to search name availability of your business entity through the Secretary-of-State search portal.

Choose a name that fits the guidelines and is appropriate for LLCs.
You can search for availability of names using the availability tool on SOS’s website.
To search for matches or availability, enter the name that you have chosen for your LLC in the appropriate field.
An image of the name you have chosen for your LLC will be displayed if it is available. If the name is already in use, an image will be displayed. A list of registered businesses that are in conflict with your chosen name will also be displayed.
If you plan to build a website, make sure the URL matches the company name. This is done at domain sale websites. No matter if you decide to use the URL or not, anyone can acquire it and use it for their own purposes.
A professional email address is recommended for your business that is distinct from your personal account.

These steps will help you search the Secretary Of State portal to find information about a company:

Enter the name of the corporation or the New Mexico Public Registration Commission. You can also search by the name of the LLC director or registered agent.
The results page contains information about the corporation, including its name and status. You can also click on the link to view more information.
Additional information includes the date of incorporation, the state in which it was formed, the New Mexico State Corporation Commission number (NMSCC), the registered agent’s name, address, manager names, and the principal office address.

Reserve a corporate or LLC name

You can reserve the name if you search the Secretary of State database for the name you select. You can reserve the name for up to 120 calendar days.

Download the Reservation Application Form from the NMPRC website and complete it.
Send the completed form to Public Regulation Commission Corporation Bureau at P. O. Santa FE, New Mexico 87504-1269 with the applicable filing fee, if applicable,

Business Name Search in New Mexico: Additional Steps

1. Trademark Search

When searching for a business name, it’s important to note that availability doesn’t necessarily mean the name is free to use if it’s already a registered trademark.

To avoid potential complications down the line, it’s wise to conduct a thorough trademark search using the Trademark Electronic Search System before finalizing a business name.

2. Choose a Registered Agent

After you have chosen an LLC name that is distinctive and unique, you can now choose your LLC’s Registered Agent.

3. Check if the Domain Name is Available

To check if a domain name is available, you can follow these steps:

Go to a domain registrar website, such as GoDaddy.com or Namecheap.com.
In the search bar on the homepage, type in the domain name you want to check.
Click on the search button to see if the domain name is available or not.
If the domain name is available, you will be prompted to purchase it. If it’s not available, the registrar will suggest some alternative options or you can try a different domain name.

4. Check if Social Media Name is Available

Check if a social media name is available for a new business name

5. Register New Mexico Business Entity

When you complete the required documents for filing a new business entity, you then register your business and business name with the state. The state of New Mexico will either approve your business name or reject it.

If you hire a good LLC service like Northwest Registered Agent, ZenBusiness or Bizee, these LLC services have business name tools available for you to do a quick search.

6. Register an Employer ID Number (EIN) With the IRS

An Employer Identification Number (EIN) is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to identify businesses and other entities for tax purposes.

7. Create a Brand Logo

Creating a business logo involves several steps. There are affordable online services that can design a logo for you and assist with the process.

Define your brand: Before you start creating a logo, you need to define your brand’s personality, values, and mission. This will help you create a logo that accurately represents your brand.

8. Write a Business Plan

Writing a business plan involves a comprehensive process that covers various aspects of your business, including the industry, market research, marketing and sales strategies, financial projections, and more.

9. Open a Business Bank Account in New Mexico

A bank account is generally required for a new Limited Liability Company (LLC) or corporation to separate personal finances from business finances and to establish a clear record of business transactions.

New Mexico Business Name Search Guide – FAQs

Does the Secretary of State approve foreign businesses that want to do business in New Mexico?

Yes.

How can I verify if an LLC is being used in New Mexico?

You can use the New Mexico Business Search Tool to check if your business name appears.

Do I have to name my LLC after me?

Although there is no prohibition against naming your LLC after yourself (most experts recommend against it).

An advantage of an LLC is that you can choose a different business name, which can make your business sound more professional.

What words are prohibited in a New Mexico LLC’s name?

It is not possible to include words in business names that suggest that the company is a bank or financial institution, or that it is affiliated with a local or state government agency.

What is a brand name?

A brand name is a name that a company gives to a product line or product. It can be the exact same as the company name, or something else.

Do I need to include LLC in the name?

Yes.

What do I need to do to renew my New Mexico business name?

New Mexico does not require LLCs to renew its legal name.

Is it possible for my business name to be different from that of my LLC in New Mexico?

Some companies prefer to operate under a different name than their legal name. You can call this a “doing business as” (DBA), name. New Mexico, however, does not allow DBA filings.

Do I need a DBA for my LLC?

New Mexico does NOT offer DBA filings.

Best LLC Services in New Mexico: Pros, Cons, Reviewed, and Compared (Feb 2025)

Brian Wilson — Fri, 04 Oct 2024 00:57:44 +0000

Best LLC Services in New Mexico

For business owners planning to form a New Mexico LLC, partnering with an LLC service is the trending approach.

Let the LLC service handle the paperwork with the New Mexico Secretary of State.

We tested 19 LLC services and ranked them based on features, client privacy, package pricing, customer service and BBB reviews.

Continue reading to discover the top-tier LLC services for your New Mexico business.

New Mexico LLC Services

Northwest Registered Agent (Best Overall)
Bizee
ZenBusiness
LegalZoom

The Best LLC Service in New Mexico

We recommend Northwest Registered Agent.

Northwest is Best-In-Class: Some other LLC services maybe cheaper but those other LLC services may also sell your private data.

Northwest is a professional firm with top-quality customer support and a policy of ‘Privacy by Default’ for their clients.

1. Northwest Registered Agent (Best LLC Service for Privacy)

Price: ~~$225~~ $39

Based: Spokane, Washington
Experience: 20 Years
Size: 3 million clients, 900+ employees
50 Offices in 50 States

My top pick for LLC formation service in New Mexico is Northwest Registered Agent.

Northwest provides business formations and registered agent services. Northwest has been providing LLC formation services for over 20 years.

They are known for exceptional customer service and are the industry leader in registered agent services.

New Mexico LLC formations with Northwest are discounted for our readers, just $39, and you also get a year of free registered agent service.

This keeps your start-up costs low. Northwest is our top choice, and it’s an LLC service that puts customer service above all else.

LLC Formation Plan: ~~$225~~ $39
Registered agent service: $125 per year, but the first is completely free
Customer Support: Northwest assigns an account representative to each New Mexico customer, ensuring they receive prompt and personalized service.
LLC Services: Northwest keeps the order form simple – no upsells clutter the process.
User Reviews: Google reviews are great. Reviews on 3rd-party review websites are mostly positive.

Northwest RA Pros and Cons

Pros

Industry-best customer support
Discounted pricing
Northwest has 50 offices in 50 states
US-based customer service
Registered Agent 1st year free with the business formation
Google reviews are a very positive 4.7/5
900 employees, maintaining 3 million clients

Cons

I honestly haven’t found any yet

#2 Bizee (Best Budget LLC Service)

Based: Houston, Texas
Experience: 20 Years
700,000+ formations

Bizee is another LLC service that has been in business for nearly 20 years. can be a great choice if you are concerned about start-up costs.

They offer free New Mexico LLC filing and registered agent services for the first year. A “free LLC” may be good for some, but Bizee needs to make money somehow.

This can be done by upselling needed features at a lofty price.

If privacy is important to you, Northwest emphasizes customer privacy more than any other LLC service I know.

Bizee may not have as many bonus features as its competitors. Still, they offer all the essentials for an additional fee: filing an EIN and registering a DBA, filing annual reports, and others.

LLC Formation plans: $0, $199, $299
Registered agent service: First Year Free, then $119/year
Customer Support: Bizee recently increased its customer service team, which improved its response times. This is a significant improvement in their previous performance.
LLC Service: Everything is straightforward when ordering a package through Bizee. There are not a lot of pricey and confusing add-ons.
Customer Reviews: Mostly positive. Bizee has over 5,000. reviews on Trustpilot. More than 98% of 21,000+ Shopper Approved reviews are positive.

Bizee Pros and Cons

Pros

Register agent for free business formation
I like their prices and a 20-year history of experience
Excellent customer feedback

Cons

I don’t like that they are known for many upsells. It starts cheap but can add up.

#3 ZenBusiness (Best New LLC Service)

Based: Austin, Texas
Experience: 6 years
‘Worry-free guarantee’

Thanks to competitive technology and a dedication to affordability, ZenBusiness has one of the most affordable LLC services available.

Formations start at $0 plus the state fee. ZenBusiness provides New Mexico registered agent services at an additional cost of $199/yr.

You can choose the Pro package ($199 annually) for a flat annual fee to get business formation, and an operating agreement template.

LLC Formation plan: Starting from $0
Registered agent service $199 annually
Customer Support: ZenBusiness provides good customer service due to its smaller customer base and individual attention.
LLC services: ZenBusiness provides useful tools to track annual reports. However, the ordering process can be confusing.

ZenBusiness Pros and Cons

Pros

The ‘worry-free guarantee’ compliance feature
Great customer feedback and reviews on Trustpilot
Customer service 6 days a week

Cons

Mark Cuban is a spokesperson
ZenBusiness might outsource their registered agent service
Registered agent service is a $199 add-on with LLC formations
Only 6 years in business. Several competitors have more experience.

#4 LegalZoom (Best for Ongoing Legal Services)

Based: Glendale, California
Experience: 20+ years

LegalZoom is a great way to get involved with a well-known brand.

LegalZoom was founded in 2001 and has grown to offer hundreds of services. LegalZoom is more expensive than the other New Mexico LLC services listed in this guide.

LegalZoom is not the only option if you need a complete legal service. Rocket Lawyer is another option for LLC services and online legal services.

LegalZoom gets pricey after the add-ons.

LLC Formation plans: Starting at $0 plus state fee
Registered agent service $299/year.
Customer Support: LegalZoom is a large company, so its customer service may not be as personal as the other listed companies.
Easy of use: Many customers have complained that LegalZoom’s ordering process is confusing and lengthy. Numerous upsells are offered before you can choose your package.
User Reviews: Mixed. Most negative reviews are due to a misunderstanding of the ongoing fees and package offerings. Reviews have been improving though.

LegalZoom Pros and Cons

Pros

Millions of customers served
Support is available 7 days a week
100% satisfaction guaranteed

Cons

Customer reviews are often negative but improving recently
LegalZoom is a premium brand, and they charge a little more than others

I have a personal story to tell

In 2008 I started a business and hired an attorney to do the LLC formation paperwork. I thought it would be complicated.

I paid $600 plus a $50 state fee to the lawyer in his office. The lawyer got on his computer, entered my name, and some basic information, and then printed out several pieces of paper and said “sign here and here”.

The whole process took about 10 minutes for $600. That same lawyer today probably charges $900 for these 10 minutes of work.

After that, I have only worked with online services.

LLC Formation Lawyers in New Mexico

If your business is particularly complex, or if you don’t mind spending $100s of dollars more and want the peace of mind that comes with having an experienced business attorney to form your business entity, you could hire a lawyer instead of a formation service.

Business Attorneys in New Mexico

As I just mentioned, hiring an attorney is more expensive than using an online LLC service, but you will obtain a level of competence and experience that can only be provided by an attorney.

I evaluated a long list of New Mexico business attorneys on AVVO’s website to find the most qualified LLC formation lawyers.

To find respectable lawyers, I researched Avvo’s list of highly-rated business attorneys in New Mexico. Here are my top five picks in New Mexico:

Tier 2 – Other New Mexico LLC Services

Swyft Filings

Swyft Filings was launched in 2012 and are one of the latest services for LLC formation.

Prices start at $0 + state fee. If you need an EIN and LLC operating agreement, the price is $199 + state fee. Swyft Filings charges $199/year for registered agent services.

MyCompanyWorks

MyCompanyWorks has a basic LLC service package that costs $79 and includes assistance with Articles of Organization, Operating Agreement assistance, an online portal to store legal documents, compliance alerts, and assistance with registering with the New Mexico Secretary of State.

They have maintained mostly positive reviews online. You will need to buy their premium package for $279 if you want a New Mexico registered agent.

Inc Authority

Inc Authority, like Bizee, allows you to file your company formation paperwork free of charge, but each offer comes at an additional cost.

Ask the “free LLC” if they plan to sell your private information. I believe the “Free LLC” is a gimmick just to get you in the door. Yes, their filing service is “free” plus the state fee.

You will need to buy their $399 basic package if you require assistance drafting an Operating Agreement or accessing an EIN.

You will also need to buy their premium $799 package if you want to receive express processing.

Tailor Brands

Tailor Brands is a bit different than the others on my list.

Like their name says, they build brands. Tailor Brands promotes itself as a comprehensive business formation service that provides a complete list of services to entrepreneurs, including compliance and LLC formation, logo design, and branding features.

Tailor Brands offers three formation plans.

Incorporate.com

Incorporate.com offers a $99 base package that includes very few services, similar to Rocket Lawyer or LegalZoom. They offer an online account and assistance in filing your Articles of Organization, and that’s nothing else.

CorpNet

CorpNet has been in business for over 20 years. They will file the initial LLC documents and provide compliance alerts to maintain good standing with the Secretary of State. All for $79.

MyCorporation

MyCorporation is owned and operated by the check printing company Deluxe Corp. Their LLC formation services are like many others on our list.

They charge $133 to prepare your Operating Agreement and process your Articles of Organization. Each additional, comprehensive service comes at an additional cost.

Incorporate Fast

Incorporate Fast offers New Mexico LLC formation services at a low $99 price. This includes assistance with filing documents, assistance with filing them, and an Operating Agreement template.

They offer “same-day” filings. They will process and file your documents within 24 hours of receipt.

If you can upgrade to their $199 package, you get an EIN.

BizFilings

BizFilings, another New Mexico LLC service provider, charges $99 for the basic package. This includes assistance in filing your limited liability company formation documents and a year of their registered agent services.

Like each of the LLC services, they have additional features for additional fees.

Rocket Lawyer

Similar to LegalZoom, Rocket Lawyer offers online legal services. They also offer LLC services such as registering an agent, filing your formation documents, and an online document storage portal.

If you like having access to ongoing legal assistance for a fee, Rocket Lawyer might be a good fit for you.

Active Filings

Active Filings is another LLC formation service, they are based in Dania Beach, Florida. Active Filings has been in business since 2001 but is still a small player in this industry.

According to the company website, they have only four employees.

Direct Incorporation

Direct Incorporation offers the same LLC services that MyCorporation but includes a banking resolution as well as an Employer Identification number. They charge $174 for these services.

If you need an LLC operating agreement, you need to get the next package at $297. They also offer logo design, trademarks, a business website, and email.

InCorp

InCorp costs $99. plus state fees to file your Articles of Organization. Registered agent services are $129 per year.

National Incorporations

Nationwide Incorporators offers basic LLC filing services for $200, and for $475, you get an LLC operating agreement. You get to talk to an attorney. Pricey!

SunDoc Filings

SunDoc Filings has a $79 base package for filing your Articles of Organization. $70 for an EIN and $69 for an LLC operating agreement.

Our Selection Methodology for Choosing the Best New Mexico LLC Services

This is how I found the best LLC service in New Mexico.

I formed an LLC a few years ago and did a lot of research before doing so. Because I have spent so much time on this subject, I believe I am very capable of finding and recommending the best LLC formation services. I also recommend using a registered agent service rather than being your own.

How did I research and choose the best LLC service in New Mexico?

My research approach included these four steps to select the best New Mexico LLC formation service.

Step 1: Reviews

I began by analyzing the reviews of online customers for the top 19 LLC services in New Mexico.

I spent many nights scrolling through the customer feedback on Trustpilot and Google Business Profiles (among other review websites) to discover which LLC services were new, which seemed questionable, and which were legitimate.

Step 2: Website Analysis

Once I had a good idea of who I could trust, I could go to their websites and see exactly what they offered.

To find out who offered what products or business services, I looked through pricing pages and looked at detailed breakdowns.

Step 3: Talking with real customers

Online customer reviews are only one way to learn. To truly understand the experience of using a service, it is important to talk to the people who use it.

I sought out the opinions of customers who I had recommended to me over the years in order to get a clear understanding of New Mexico LLC services. I wanted to know how easy the system was, how helpful and polite their support staff is, and how fast they process applications.

This direct feedback from customers helped me to see which promises were fakes and which were legitimate.

Step 4: Talking with their Sales Team

The last step was to talk to their sales team to find out how difficult they were with upsells.

I asked several questions that a first-timer would. Then I waited to see how many times I was encouraged to get additional services.

My Testing and Rating Criteria for New Mexico LLC Services

While I was completing my investigative analysis, I was constantly evaluating these LLC formation services on the basis of these four aspects.

1: Features and Services

There are many steps involved in starting an LLC. If you have read at least half of the above, you will know this. Fill out and file your Articles of Organization. You will need an EIN to open bank accounts. Choose a premium registered agent in to get an address in New Mexico. And a lot more.

To ensure you get as many completed projects as possible when you invest your money, I first assessed each LLC formation company on the business and product services they offer.

2: Pricing

I checked if they charge extra for a lot of pricey add-ons that are not mentioned at first. I liked the very clear services and upfront with everything. The best value LLC formation services rose to the top.

3: Ease of use

It’s a good idea to sign up for a business formation service that offers a variety of products at a reasonable price without any trouble navigating their system.

I created an account with each New Mexico LLC formation service and attempted to register my fictional LLC. This was to ensure that all the systems were easy to use and simple to navigate.

4: Customer service

I was not satisfied with my customer service experiences after the recent corporate trend to outsource customer support to unaffiliated phone centers. These representatives know little about the service they are supporting and the laws and regulations that it is subject to.

I did my best to test their customer service teams to determine the quality of their business formation services. I sent them polite questions, called them to inquire about obvious information, and jumped onto their online chat portals. I also complained about inappropriate things. I wanted to know how they dealt with my comments and requests and how fast it took for them to reply.

Conclusion: New Mexico LLC Formation Services

My investigative analysis resulted in my picking Northwest Registered Agent as the best LLC service for New Mexico.

Best New Mexico Registered Agent Services Review (Feb 2025)

Brian Wilson — Wed, 02 Oct 2024 18:50:48 +0000

Best Registered Agents in New Mexico

Running a business in New Mexico calls for a good New Mexico registered agent – an essential partner who handles your service of process notices, compliance-related documents, and official government correspondence.

Hiring an incompetent New Mexico registered agent can lead to significant expenses, both financially and otherwise.

An unsuitable New Mexico registered agent may overcharge for their offerings, mishandle your sensitive data, and potentially expose it to hackers.

Such negligence can result in legal complications, putting you at risk of personal litigation.

After evaluating more than 43 registered agent services in New Mexico, I have ranked the top 16 and provided detailed evaluations of the top 6 picks.

Below are my recommendations for the most reliable New Mexico registered agent services.

List of Registered Agents in New Mexico (My Top Picks)

Northwest Registered Agent Best Privacy, Best Overall
Bizee Best Value
ZenBusiness Best for Compliance Guarantee
LegalZoom Best for Ongoing Legal Services
Harbor Compliance Best for Multi-State Compliance
InCorp Best for Simple Pricing

Join us as we unpack these criteria, guiding you towards a choice that ensures the smooth operation of your New Mexico business entity.

Compare the Top New Mexico Registered Agents

#1 BEST

Northwest R.A.

$125

3,000,000 Clients

900+ Employees

Registered Agent Free 1/yr with Formation

Best Privacy Policy

Best Customer Service

Family-Owned Business

Multi-State

Learn More

Bizee

$119

1 Million+ Businesses Formed

Registered Agent Free 1/yr with Formation

Virtual Office

No Hidden Fees

Since 2004

Less Expensive Than Others

Multi-State

Learn More

ZenBusiness

$199

300,000+ Businesses Formed

Worry-Free Compliance

Registered Agent $199

Business Website, Email

Offers Many Features

Multi-State

Learn More

When creating a new LLC in New Mexico or updating your registered agent for an existing business, selecting the best New Mexico registered agent that suits your needs is important.

I have researched and tested 16 New Mexico registered agent services and picked the top 6 services to review and feature.

My Personal Experience With Registered Agents

Back in 2007, I had a small business in a state that I did not live in and I needed a registered agent to collect the mail for me. I signed up with LegalZoom as my first registered agent service.

The relationship was complaint-free for a solid three years. But around 2010, I began noticing their prices were edging towards the steep side compared to other options on the market.

I decided to make the switch to Northwest and boy, am I glad I did! From the get-go, the interaction was personal.

The first time I dialed their number, a real, live human answered – a delightful change. It was a Northwest representative who greeted me with such a pleasant voice, and from that point on, their service has been nothing short of exemplary.

I like Northwest but whoever you choose, I hope this article will assist you in choosing the right registered agent for your business.

Learn more about the top 16 registered agent services in New Mexico that we hand-picked based on independent research.

If your LLC has not yet been formed, you can receive one year of registered agent services for no cost if your LLC is formed with Northwest Registered Agent ($39 + state fees).

Best New Mexico Registered Agent Service

If you want someone who is knowledgeable about the legal process and can help you comply when choosing a registered agent.

Northwest Registered Agent is the industry-leading, best registered agent service in New Mexico.

They offer everything you need to start your LLC.. This company has been helping small businesses start and grow for over 20 years.

1. Northwest Registered Agent (Best Premium Registered Agent)

Price: $125

First is Northwest Register Agent. This New Mexico registered agent company offers a more premium registered agent service.

Northwest provides free mail forwarding with its registered agent service, and the importance of client privacy is expressed in their motto, ‘Privacy by Default’, a core part of the company’s service.

Visit Northwest Registered Agent

Northwest Pros and Cons

Pros

Industry-best customer support
Family-owned business
900+ employees, 3 million clients
Reasonable pricing
Northwest has 50 offices in 50 states
US-based customer service
Volume discounts available
Registered Agent 1st year free with the business formation
Google reviews are a very positive 4.7/5

Cons

I can’t find any worth mentioning

Northwest Registered Agent is our recommendation. They offer everything you need to start your LLC. This company has been helping small businesses grow and start for over 20 years.

Northwest offers a 100% error-free guarantee. This guarantees outstanding customer service, extraordinary services, and prices that match. Northwest Registered Agent is a great option for your business if data privacy and customer support are important to you.

The outstanding customer service is the calling card of Northwest Registered Agent. Northwest does not outsource its support to a call center with untrained representatives.

Northwest offers a one-year of New Mexico registered agent service with a $39 business formation.

Northwest offers volume discounts on registered agent services. They’ll reduce your rate by $125 to $100 per year if you need service in more than five states. They also have strong customer reviews and free annual report reminders.

2. Bizee (Best Value)

Price: $119

Bizee’s biggest claim to fame is its free business formation service. This includes a year of New Mexico registered agent service. Bizee is only one part of their offerings. Let’s see what else they offer.

Visit Bizee

Bizee Pros and Cons

Pros

Register agent for free business formation
I like their prices and 20-year history of experience
Excellent customer feedback

Cons

I don’t like that they are known for many upsells. It starts cheap but can add up.

Bizee has over 30,000 reviews online. This makes them a top choice for registered agent service in New Mexico. We are unaware of any other company that receives this many reviews and the same high-quality feedback as Bizee.

Bizee can be a bit pushy with upsells. Bizee offers many add-on options, which will be a reminder to you several times as you go through their order process.

Bizee has been in business for almost 20 years, and they have assisted with forming over 1,000,000 businesses.

3. ZenBusiness (‘Worry-Free’ Compliance )

Price: $199

We love ZenBusiness in many ways. ZenBusiness offers a great deal if you aren’t yet forming your New Mexico LLC/corporation. They will create your business entity and provide a full year of registered agent services for $199 This combination of features is at an unbeatable price!

Visit ZenBusiness

ZenBusiness charges $199 annually for registered agent services in New Mexico. Let’s look at the pros and cons of ZenBusiness, and then talk about how they can impact your decision.

ZenBusiness Pros and Cons

Pros

I like the price point of $199
I like the “worry-free guarantee” compliance feature
Great customer feedback
Strong customer service

Cons

ZenBusiness might outsource the registered agent service
New Mexico registered agent service is a $199 add-on with LLC formations
Some competitors have more experience than others.

Although the $199 price tag for New Mexico registered agent service is not the lowest, it is still very affordable. ZenBusiness offers a $199 package which includes an annual report service. This is a great deal.

ZenBusiness has received over 8,200 online reviews. Nearly all of these were positive. This gives them one of the highest customer satisfaction ratings in the industry. ZenBusiness also has a knowledgeable and helpful customer service department that can answer any of our difficult questions.

While ZenBusiness is a newer service. They have less experience than many competitors, including LegalZoom and Northwest. ZenBusiness is one of New Mexico’s best registered agent services.

4. LegalZoom (Best Legal Services)

LegalZoom has many similarities to Rocket Lawyer. However, it is a large company that serves millions of customers and charges a high price for New Mexico registered agent services. LegalZoom’s rates are almost double those of Rocket Lawyer and three times that of ZenBusiness.

Visit LegalZoom

LegalZoom Pros and Cons

Pros

Millions of customers served
The longest hours of support in the industry
100% satisfaction guaranteed

Cons

Customer reviews are often negative but improving recently
I don’t like LegalZoom’s very high prices

I liked LegalZoom’s 100% customer satisfaction guarantee. It is much more robust than many other companies refund policies. They also have the longest customer service hours in the industry, with nine hours of availability on weekends and 14 hours on weekdays.

LegalZoom’s extremely high cost of registered agent service is a problem. LegalZoom does not offer registered agent services as part of its business formation packages. This means that the value propositions for other options in this guide are significantly better than LegalZoom.

5. Harbor Compliance (Best Multi-State Compliance)

Price $99

Harbor Compliance is, in fact, a more premium service when it involves business formations. They only offer this service to large enterprises.

They offer outstanding value for a New Mexico registered agent service and have one of the lowest national prices we’ve ever seen. Are they worth the effort?

Harbor Compliance charges $89-$99 per year for New Mexico registered agent service, depending on the state. This is a great price point. They offer volume discounts for service to multiple states or prepay for multiple years.

Harbor Compliance was founded in 2012 and is one of the newest companies in this sector. Harbor Compliance is a new company that has been around since 2012. They have served over 10,000 clients and are a rising star in the industry.

Harbor Compliance Pros and Cons

Pros

Harbor Compliance offers a great price and reminds you of annual reports well before the due date. This is a nice bonus for registered agents. Harbor Compliance has received high reviews from clients and even offers volume discounts.

Cons

We only found 100 reviews online, so while their reviews are very high quality, they are not as numerous.

6. InCorp

Price: $129

InCorp may be the best option for you if you are looking for the lowest prices for nationwide registered agent services. The base rate is quite high, but you can get your annual cost down to $87 with volume discounts.

InCorp will only charge $129.95 for a year of New Mexico registered agent services. InCorp will offer deep discounts if you are willing to prepay additional years of registered agent service.

InCorp is America’s fourth most popular registered agent service provider, with over 125,000 customers.

InCorp was established in 1998 and began offering registered agent services in 2001. They have served thousands of customers across the country since then.

InCorp Pros and Cons

Pros

Their prepaid discount system allows you to access some of our lowest prices for registered agent services.

They have a high volume of clients, making them one of the country’s most sought-after registered agent providers.

Customers also receive a compliance calendar and their EntityWatch program, which monitors your business for identity theft signs.

Cons

InCorp only has a handful of reviews online. Their average rating is not very high. Their LLC formation service costs $99.

Other New Mexico registered agents

There are many registered agent services available in New Mexico. The top 6 that I just mentioned above are the most popular options. However, I want to highlight a few other services available in New Mexico.

7. Rocket Lawyer Review

Rocket Lawyer is a cheaper option than LegalZoom. Registered agent service is a small part of their product offerings. They also offer online legal services, including talking to an attorney, documents, and ongoing legal services.

You can get a physical address in New Mexico for $149 to ensure state mail forwarding. Rocket Lawyer also accepts service of process on your behalf, but they offer fewer services and lower customer support than Northwest Registered Agent.

8. SunDoc Filings Review

SunDoc Filings offers basic New Mexico registered agent services at $159. This includes service of process and forwarding legal documents from the New Mexico Secretary of State.

There is also no dedicated customer support system such as ‘Corporate Guides’ offered by Northwest Registered Agent.

9. Swyft Filings Review

Swyft Filings provides registered agent services for your New Mexico LLC or business for $149. Not nearly as good as Northwest’s best-rated customer service.

10. CSC Review

CSC, aka Corporation Service Company, is a premium New Mexico registered agent service that costs $299 per year. They don’t have any premium features, except that you must pay the state fees to change your New Mexico registered agent.

You could easily switch to Northwest Register Agent and save money. CSC has a long history; they are just another option to consider when shopping for a New Mexico registered agent.

11. Registered Agents Inc. Review

Registered Agents Inc. costs $200 and includes the same features as Northwest Registered Agent at $125: online account access and compliance alerts that keep you in good standing with the New Mexico Secretary of State.

Additional Registered Agents to Consider

Legalinc

URS Agents

Cogency Global

First Corporate Solutions

LegalCorp Solutions

What does a New Mexico registered agent do?

a New Mexico registered agent is an individual/business entity that has been appointed by a New Mexico LLC/corporation to receive tax and legal documentation such as service or process of process and compliance documents.

A registered agent does a variety of small tasks, but they have a greater role that is more important. They act as the link between your company and the state in which you do business.

Service of Process

First, the registered agent must be designated as the recipient of any tax documents or legal documents that are sent by New Mexico.

For legal matters, the registered agent must be present in order to receive the hand-delivered service of process (SOP) paperwork about legal proceedings against your company.

The registered agent must then effectively report the delivery to your company and forward the documents.

They should agree on a set of procedures for receiving and delivering these documents. They should decide whether documents will be sent by the registered agent to the business via email, mail, or fax.

New Mexico Business Compliance

A registered agent can also help ensure your business is current and compliant with all state-required continuing maintenance filings.

Each state has its own laws about maintenance filings, usually annual reports or franchise tax payments.

These rules can change at any moment, so your registered agent must keep up-to-date in order for your business to remain in good standing with the state and avoid fines or dissolution.

How to choose a New Mexico registered agent

There are two options for choosing a New Mexico Registered Agent. You can either appoint someone internal that you know or hire a professional registered agent.

You can also be your own registered agent. It is better to have a professional service do this job. It doesn’t cost very much, and you know they will get the job done for the year.

Internal Registered Agent

The registered agent can be any member of the LLC, including yourself, or an employee. Your home or office address will become the Registered Agent’s address. Each LLC must share its principal office address and mailing address with the state’s public online system.

Hiring a registered agent service will be easier as you can use the registered agent’s address as a postal address.

A Registered Agent Service

Professional registered agent services are available for a reasonable cost of around $100 – $299 per year. This will ensure that your business is represented by the best possible service provider.

We have listed the top registered agent services in New Mexico. They can take care of the job for you.

Choose a New Mexico Registered Agent

These are some things to keep in mind when selecting a registered agent.

Service Fee: Since many states require that formal businesses have registered agents, it is important to choose the best-registered agent. A registered agent can be hired for between $99 to $300 per year. This is a very small price to pay when you consider the time savings.
The experience and tenure in business of a registered agent: You want the registered agents to have established and tested procedures for handling documents. Registered agent services should be in operation for a while. They have the experience and ability to handle all of your documentation.
State Jurisdiction Limit: To reduce the administrative burdens of dealing with multiple registered agent providers, it is best to use one registered agent in each state. Our recommended registered agents are available in each of the 50 states.
Follow-up and Monitoring Services: You want to get the most up-to-date information from your registered agent as quickly as possible, so you are fully informed about all statutes, rules, and regulations that affect your company.

New Mexico: How do I appoint a registered agent?

The LLC can appoint the registered agent at the time of the New Mexico Certificate of Organization. You can do it online or by mail. Appointing a registered agent is free of charge. Only the state filing fee must be paid.

Our Review and Selection Process

Here is how I determined the best registered agents in New Mexico to help you form your LLC.

When researching information about New Mexico registered agent services and comparing their respective packages, I’ve been there myself. When I needed to find the best registered agent for my business website, I searched for a good service.

For my website to receive mail and process service, I needed a street address that was available during normal business hours. I needed compliance alerts to keep my businesses in good standing before the Secretary of State.

In conversations with small business owners, entrepreneurs aspirants, and friends who own online businesses, I discovered that not everyone has the time or patience to search from website to site for the best New Mexico registered agent service provider.

However, many required registration agents. They would rather choose the first registered agent available and pay less to avoid this frustrating process.

My knowledge helped me and my colleagues make informed decisions about New Mexico registered agent services. It surprised me that my advice would be trusted and make the business formation experience easier for many people who read my website.

How I Chose the Best New Mexico Registered Agents

I began with over 10 service providers. After a four-part screening process, I narrowed down the list to 4. I selected my top four best services based upon my four key evaluation steps.

My First Step: Reviews

I began by reading and gathering reviews, the honest voices of thousands of people like me. I was overwhelmed by reviews on TrustPilot, Facebook, and Better Business Bureau that would allow me to classify them according to different criteria (ease of use, affordability, customer service, privacy protection, taxes, fees, etc. ).

I was able to identify obvious frauds and misleading offers.

My 2nd Step: Website Analysis

After I had eliminated illegitimate providers, I went on to examine the websites of the remaining corporations in order to gain a better understanding of what they stand for, how authentic their advertising is.

I was particularly interested in optimizing their products, services, customer support, company experience, and any recognition they had received.

My 3rd Step: Talking with actual customers

Websites and sales teams can tell you about the company, but customers will tell you how they deliver it. Are they efficient? Are they efficient? Are they polite? Are they polite?

Online reviews may fill in some gaps, but most reviews are written by people with overwhelmingly positive experiences. This can distort your perspective. Talking to current customers will give you a better picture.

I reached out to people I had helped to find a registered agent and new visitors to my website looking for one. It was great to hear their stories.

This allowed me to get a comprehensive and complete picture of each service.

My 4th Step: Talking to the Sales and Marketing Teams

I talked to each company’s sales staff to complete my research. After collecting all complaints, files, and reviews, I asked tough questions about their failure to meet customer expectations.

Many companies will simply ignore negative reviews. Others will explain that they have incorporated feedback and improved their operations.

This was the last step that separated the average and the exceptional.

Best Registered Agents: Popular States

My Rating and Review Criteria

Four key aspects influenced my selection for the best registered agent to represent your New Mexico LLC.

#1: I Checked the Services and Features

The company’s available services and features were the first things that I evaluated.

Other factors, such as cost and ease of use, customer support, etc., don’t really matter if a company doesn’t offer the required services that New Mexico registered agents expect. I reviewed the different companies as a shopper and consumer would.

My own needs for finding a good registered agent were considered. I asked myself, is this a registered agent service that I would be comfortable working with? Do they provide the features that I need for my business?

These were the aspects I considered:

Is the registered agent able to give you access to online documents? Or do they mail them to your New Mexico registered street address?
Is the registered agent able to alert you about compliance dates and filing deadlines for annual reports? Or does the registered agent only give your LLC or business a calendar?
Is there a privacy guarantee provided by the registered agent?
Is the registered agent also able to provide an affordable LLC formation service, or is their LLC formation service any good?
Is the registration agent responsible for filing and paying state fees?
You have the option of filing the change online or mailing the form.
Is the registered agent willing to accept the service of process?

Registered agents offering the most New Mexico registered agent services were ranked at the top, while those with fewer offerings were placed near the bottom or in the middle.

#2: I Checked the Pricing

While most people jump to the pricing, it is important to consider the product’s value. This factor can vary greatly from one New Mexico registered agent to the next.

For a good registered agent, expect to pay $125 to $299 per year. Brand names like LegalZoom charge $299 per year, but most people in the registered agent industry know that the best service and privacy is from Northwest, and they charge an affordable $125 per.

#3: I Checked the Ease of Use

Your time is valuable when you start a company or LLC here in New Mexico.

The ease of signing up was my next factor. The easiest, most efficient, and least intrusive systems rose quickly to the top of my list. If a company asked me to move from one document to another in a slow system, I gave them one of my lowest ranks.

#4: I Checked Their Customer Service and Support

All customers require support and assistance, no matter how easy, intuitive, and user-friendly a system may be. While not all business owners are tech-savvy, every New Mexico business owner should have a registered agent they can trust.

In choosing the right agent to represent a business or LLC within New Mexico, I considered customer service as the final factor.

I assessed New Mexico registered agent services based on whether they could efficiently and quickly resolve customer problems with highly-trained and experienced representatives. New Mexico registered agents are not required for small businesses or limited liability companies in New Mexico. They should be able to answer your calls and provide generic answers quickly.

Conclusion

New Mexico registered agents play a critical role in your company’s legal compliance. Although these tasks seem simple, if done incorrectly, they can lead to significant fines and even the possibility of your company being disbanded by the state.

Although you can always replace your registered agent later, it is important to choose the right registered agent for your company from the beginning. To ensure that nothing goes wrong, you should also monitor your compliance standing.

New Mexico Registered Agent FAQs

How can I find a good registered agent in New Mexico?

There are many registered agent services in New Mexico. We recommend Northwest Registered Agent.

What is the cost of a registered agent in New Mexico?

A registered agent service typically costs between $99 and $299.

Is a registered agent required in New Mexico?

New Mexico law requires all LLCs, corporations, and nonprofits to elect and maintain a registered agent and registered office.

Should I be my own registered agent or hire a service?

A registered agent service provider can be a great investment in your time, privacy, and peace of mind.

Do I need a registered agent to represent my New Mexico business?

Small businesses should hire a New Mexico registered agent.

What is the cost of changing my registered agent?

Depending on how many states you have to do business with your LLC, it can cost between $0 and $50 to change your registered agent.

How to Form an LLC in New Mexico

Brian Wilson — Wed, 02 Oct 2024 07:39:41 +0000

Forming a Limited Liability Company (LLC) in New Mexico is an easy process, but it involves a few steps.

Start an New Mexico LLC for $0 + state fee

To form an LLC in New Mexico for free + state fee, we have listed 3 options to consider:

You can go online and visit the New Mexico Secretary of State’s website and do it yourself or you can use the ‘free’ service from Incfile or ZenBusiness.

DIY $0 + state fee
Bizee $0 + state fee
ZenBusiness $0 + state fee

Want to Keep Things More Private?

Northwest $39 + state fee ‘Privacy by Default’

Our Top 3 Recommended Services

Northwest

Northwest R.A.

$39

Trusted by 3 Million Clients

Over 900 Employees

Registered Agent (Included)

Best Privacy Policy

Virtual Office, Business Phone

Learn More

Bizee

1 Million+ Businesses Formed

Registered Agent First Year Free

Get a Virtual Office

No Hidden Fees

20 Years Experience

Learn More

ZenBusiness

300,000+ Businesses Formed

Worry-Free Compliance

Registered Agent $199

Business Website, Email

Get a Virtual Office

Learn More

Forming an LLC in New Mexico for $0 (DIY Summary)

Here’s a brief step-by-step guide to help you through the DIY process, along with relevant links to official resources:

Step 1: Choose a Name for Your LLC

The first step is to choose a unique and available name for your LLC. The name must include the words “Limited Liability Company” or the abbreviation “LLC”.

You can check the availability of your desired name on the New Mexico Secretary of State’s website.

Step 2: File Articles of Organization

Next, you need to file the Articles of Organization with the New Mexico Secretary of State. This document officially establishes your LLC and includes important information such as the LLC’s name, registered agent, and purpose.

You can file online or mail the completed form with the appropriate fee.

Step 3: Appoint a Registered Agent

Every New Mexico LLC is required to have a registered agent. The registered agent is responsible for receiving legal and official documents on behalf of the LLC.

The agent must have a physical address in New Mexico and be available during business hours.

Step 4: Create an Operating Agreement

Although not required by the state, it is highly recommended to create an operating agreement for your LLC.

This document outlines the ownership and management structure of the company, as well as the rights and responsibilities of the members.

It helps to establish clear guidelines for decision-making and can prevent disputes in the future.

Step 5: Obtain Required Permits and Licenses

Depending on the nature of your business, you may need to obtain permits or licenses from state and local authorities.

Research the specific requirements for your industry and make sure to comply with all necessary regulations.

Step 6: File Annual Reports

Once your LLC is formed, you will need to file annual reports with the New Mexico Secretary of State.

These reports provide updated information about your company, including the names and addresses of the members and managers. Failure to file the reports can result in penalties or the dissolution of your LLC.

Step 7: Obtain an EIN

If your LLC has employees or you choose to be taxed as a corporation, you will need to obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS).

The EIN is used for tax purposes and is necessary for hiring employees and opening business bank accounts.

By following these steps, you can successfully form an LLC in New Mexico.

Useful resources:

Extended Version and Guide New Mexico is a popular state for establishing limited liability corporations (LLCs). A New Mexico LLC is affordable. It is also the only state that allows you to create an anonymous LLC. This protects your assets and privacy. This guide will help you save time, and provide information about the steps involved in setting up an LLC in New Mexico. If you want to use an LLC formation service, visit our list of the best LLC services in New Mexico.

What to do before you set up a New Mexico LLC

Before you move forward with your LLC plans, there are some things you need to do. Here are some things to keep in mind before you start your new company.

Set a realistic budget

New Mexico’s LLC filing fees are $50. However, you will be charged additional fees for hiring a company to assist you in forming your LLC or acting as your registered agent. The fees you pay will vary depending on which company you hire and what services they provide. Make sure you budget for the services that are important to you.

Check the availability of LLC names

Nobody wants to open an LLC only to find out that the name they want is already in use. A new business name cannot be identical or similar to an existing business name in New Mexico.

Register Your Business Name

Although it is not necessary, you can reserve an LLC name and keep it for up to 120 days so that you have exclusive use. Once the window expires, however, your hold cannot be renewed. After completing the form, send it along with $20 to the New Mexico Secretary Of State Office, 325 Don Gaspar Suite 300 Santa Fe, New Mexico 87501.

Appoint a Registered Agent

To receive legal or official documents, LLCs in New Mexico must have a registered office and agent. An employee or you can be your agent. As long as you are a resident of New Mexico and have a physical address within that state, P.O. boxes do not count. Boxes do not count. Do not worry if appointing or stepping into a role is not right for you. A company can be hired to act as your agent. Depending on the company offering the service, the typical agent fee will cost between $100 and $300. You can ensure you get the best deal by reviewing testimonials and asking specific questions about the services that you want to purchase.

File Your New Mexico LLC Forms

The type of business you are filing an LLC form and the fees required to submit it will determine which forms and fees you need. In-state LLCs cost $50. Online filing is not possible for foreign entities (outside-state). They must instead mail their Certificates of Registration forms the Secretary of State. Foreign LLCs must also have a certificate from the originating state that they are in good standing. The form and $100 fee must be sent to the New Mexico Secretary Of State, Business Services Division at 325 Don Gaspar Suite 300 Santa Fe, NM 87501. All money orders and checks should be made payable to the “New Mexico Secretary Of State” or “NMSOS.”

After Establishing Your New Mexico LLC

There are some other important details that you need to take care of once your LLC is established in New Mexico. These are the most important things to do in order to get your LLC started.

Register for an Employer Identification Number (EIN).

Most businesses must have a federal EIN. There are some exceptions. It is a great alternative to your Social Security number and keeps it safe from potential fraud or exposure. EINs can be obtained for free from the IRS website. EINs can sometimes be called a Federal Tax Identification Number or Federal Employer Identification Number (FEIN), but they are exactly the same thing. All New Mexico businesses need to register with the New Mexico Department of Taxation and Revenue. You will be issued a number depending on which state taxes apply to your business after you register.

Get a Business License

To legally operate your business, you may need to obtain licenses from the state or your locality. Certain New Mexico counties and cities require that businesses have a general business license. The state also licenses certain professions and industries. A few industries are also licensed and regulated by the federal government.

For your LLC, create an Operating Agreement

New Mexico law makes LLC operating agreements mandatory. Although they are not mandatory in New Mexico, they are a good idea. They provide the foundation for your LLC’s financial and member obligations. A well-thought-out operating agreement for your New Mexico LLC will help to ensure its legitimacy and good standing. You don’t have to make one. They can help prevent confusion and internal disputes.

Most Frequently Asked Questions

What is an LLC?

A limited liability company combines the flexibility and ease of a sole proprietorship or partnership structure with the greater risk protection offered by a corporate structure. LLC owners, also known as “members”, have limited liability. This means that their personal liability to the company is limited to what they have invested. It does not cover losses or debts beyond that amount. Members of an LLC are subject to taxes by default. This is the same as for owners of a general partnership or sole proprietorship. This structure is commonly referred to as a “pass-through” tax structure. If the LLC meets certain criteria, it can choose to be taxed either as a C-corp or S-corp. Small business owners prefer LLCs because of their simplicity and flexibility.

What is the cost of a New Mexico LLC?

For domestic LLCs, there is a $50 charge. Foreign LLCs have to pay $100.

How do I create an LLC in New Mexico?

New Mexico’s domestic LLCs can complete their formation online. For foreign LLCs, they must first download and complete the Certificate of Registration. Then, they need to mail their paperwork and payment to the Secretary of State.

Do New Mexico LLCs file annual reports?

New Mexico, unlike most other states, does not require LLCs to file annual reports.

What tax flexibility can an LLC offer?

LLCs can be taxed in a variety of ways: as partnerships, sole proprietorships, C corporations, or S corporations. This allows LLC members to reduce their tax burden.