People form New Mexico LLCs because they are anonymous and cheap. Owners and managers are not published on the formation documents or anywhere else. In future years there are no annual reports to file. These facts make New Mexico's LLC the cheapest to form and the easiest to maintain in the U.S.A.
Our service is designed to make the formation process easy. It includes:
Fees: $199 The First Year & $49 After
Time: Complete Our Form in 5 Minutes
Turn Around: The Secretary Returns the Paperwork in 48-72hrs
While creating an LLC is important - not every state is equal. New Mexico offers the same asset protection as other states. This means an accident at work won't cost you everything. However, New Mexico goes further by keeping your details anonymous and charging low fees.
Setting up LLC provides several benefits when compared to a sole-proprietorship or a corporation. Two common questions are "What are the benefits of an LLC?" and "Why should I do business in New Mexico?".
General Benefits: Setting up an LLC limits your potential liabilities and provides tax benefits under the new tax laws. Business laws are written to encourage small businesses and these are two of the ways they do it.
New Mexico Benefits: Our limited liability companies are ideal for holding companies and location independent industries such as e-commerce and consulting. Our privacy and low fees draw clients from all over the world. Here is a short list of benefits:
Here are the highlights: Anonymous ownership means your personally identifying information will not end up in a searchable database somewhere. In an era where privacy is harder to attain, it's nice to know you can still obtain some true anonymity.
No additional filings also mean no additional fees. The only requirement is the company have a registered agent in New Mexico. No annual reports make New Mexico Limited Liability Companies the cheapest LLCs in the U.S.
After formation, your company cannot be administratively dissolved for failure to file annual reports (there are none). Find a fuller discussion of New Mexico LLC advantages here.
We make the LLC formation process easy. Everything is done online and there is no need to visit. We file your Articles of Organization, complete your Operating Agreement and more. Everything in your client center will be ready to download, print and take to the bank.
Our New Mexico LLC formation service includes:
After formation, New Mexico does not require annual reports or other filings. To make things even easier, you can buy four years of agent service and get the fifth free. This means you can focus on your company and not worry for 1,825 days!
This makes New Mexico's limited liability company the nation's simplest and cheapest to start and maintain. Form an LLC today and don't worry for five years. How does that sound?
There are good reasons to seek privacy - especially in the internet age. Public records used to be difficult to search. They were essentially stacks of paper in a warehouse somewhere. Today, public records, such as company ownership information, are easy to find online.
Whether you simply want some privacy, or to hide from those wishing you harm, a New Mexico LLC is entirely private. Your information never goes into the public record. Only our name, address, phone and other information is disclosed.
You don't have to justify wanting privacy. We believe it is normal and you have every right to pursue it. Learn more here about anonymous New Mexico LLCs and privacy here.
An EIN is required if you are going to do business and enjoy the benefits of the LLC. A single member LLC may decline to obtain an EIN, but then all of the company and personal accounts will be linked. This lack of separation could create serious asset protection issues down the line. It also makes it harder to obtain the tax benefits listed above.
For these reasons, we advise every client obtain and EIN and open a bank account in the company's name. You may follow our free EIN guide here, or you may have us obtain it for you.
An operating agreement sets the rules for the company and should be signed by every member. If there is one member, then the agreement is relatively simple. This is because the member needs to establish a few guidelines, but does not need protection from other members.
For multi-member LLCs an operating agremeent is more important. It defines the rules each owner and manager must follow, plus it defines the ownership percentages. It is important to establish these early on. Imagine waiting a few years down the road without writing down who owns what.
There will be transfers in and out, memories will fade and the judge will have a hard time determining who owns what percentage. While dramatic, this highlights the risk of not signing and updating your agreement. Learn more about New Mexico LLC operating agreements here.
Forming an LLC can both reduce your top line tax rate and increase the number of deductions you are eligible for. For many, these savings cover the cost of formation. Limited liability companies have the most flexible taxation of any business entity. By default, they are taxed as pass through entities and not subject to double taxation.
The new tax laws bring further benefits for pass through entities such as LLCs. These benefits make it even more disadvantageous to operate as a sole-proprietorship. To take full advantage of this opportunity, you should consider using our professional book keeping services.
The primary reason not form an LLC yourself is the privacy aspect. We have clients call us every week who tried to save a few dollars doing it themselves. They quickly found out one mistake cost them more than money. Having us set up your LLC also provides you with a number of important documents and a help line in case you have any questions.
There are other providers. However, most of them tend to be large national incorporation companies. They charge more, take longer and care less than we do. Some of them are simply just resellers of local incorporation and virtual office providers such as us. There are no call center employees here, nor will you ever be passed off from one person to another.
In future years, you can save money with our cheap $49 registered agent service.
New Mexico's Secretary of State requires every limited liability company name have end with a variation of "limited liability company" or "limited company". Such variations include but are not limited to LLC, Ltd. Liability Co., LL Company, Limited LC, etc. If you do not select one of these endings, then we will add LLC to make the name compliant.
Our site was put together with you in mind. We know that filing your articles with the Secretary of State is just the first step towards having a successful business.
Our goal is to empower our clients through providing informative articles and Do it Yourself Guides. Have you ever wondered about the difference between a sole properietorship, LLC and corporation? What about how to get your Employer ID, open a bank account and set up a dedicated business line? We have all these articles, and more, on our page about incorporating in New Mexico.
If you have read enough to be satisfied, and are ready to Form a New Mexico LLC online, then please click below: