New Mexico LLCs are anonymous and easy to form. Owners and managers are not published on the formation documents or anywhere else. In future years there are no annual reports or fees.
The privacy and low fees make New Mexico popular with e-commerce stores, real estate investors, holding companies and other industries.
Business laws are written to encourage setting up an LLC. They limit both your liabilities and taxes. While creating an LLC is important, not every state is the same.
New Mexico LLCs offer the same asset protection and tax benefits 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 not requiring any annual fees.
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. Find a fuller discussion of New Mexico LLC advantages here and a short list here:
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.
In an era where privacy is harder to attain, it's nice to know you can still obtain some true anonymity. 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.
We make the LLC formation process easy by doing everything online. We file your Articles of Organization with the Secretary of State, complete your Operating Agreement and more. Your documents 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 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!
Form a New Mexico Limited Liability Company today and don't worry for five years. How does that sound?
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.
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.
The idea behind the corporate veil is that a company is separate from its owner. The company may enter into contracts and assume debt. This separation helps protect the owners personal assets from business creditors. A corporate creditor cannot "pierce the veil" and go after the owner's personal assets.
You receive everything needed to start doing business. Through our portal you receive Articles of Organization, an Operating Agreement, Resolution to Open a Bank Account and more. We complete these document using your information. Other providers often supply templates which you must fill out. All of our documents are ready to print and sign! The way it should be.
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.
New Mexico's Secretary of State has no requirements outside of maintaining a New Mexico Registered Agent Service.
A sole-proprietorshop is when you run a company using either your personal name or just a DBA. Sole-props pay MORE in taxes and have no corporate veil. This means if there is an accident or bad debt then you are PERSONALLY liable. Even seemingly simple hobbies would do well to consider forming a limited liability company. Learn more on our page about incorporating in New Mexico 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.
New Mexico's Secretary of State requires every limited liability company name 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.
After formation, your company cannot be administratively dissolved for failure to file annual reports (because there are none).
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.