Forming a New Mexico LLC is fast and easy. Allow us to handle everything. We file your Articles of Organization, keep you private, act as your registered agent, forward your mail, prepare your operating agreement and more.
We create your LLC anonymously and only our information appears on the formation documents. Other providers take weeks or charge more for expedited service. We file everything the day we receive your order.
The New Mexico Secretary of State encourages LLC formations. They limit liability, lower taxes and keep you private. While creating an LLC is important, not every state is the same. New Mexico beats other states by offering the following advantages:
We encourage you to do your homework. Other states will charge you fees, year after year, and will force you to disclose personal information, but New Mexico doesn't. Find a fuller list of New Mexico LLC advantages here.
With our formation service you are more than just a number. You are a valued client. We offer straight forward pricing, and no upsells, because it is easier on everyone that way. We treat your business seriously. There is no reason compliance and formation should be expensive. Our services include:
There are other corporate service providers, but they usually start with one price before upselling you.
For example, LegalZoom doesn't include an operating agreement in their "basic" package. Nor do other providers
allow you to use their address for mail and place of business. Small things, such as our free mail forwarding add up.
After formation, New Mexico does not require annual reports or other filings. Limited Liability Companies cannot be dissolved for failure to file annual reports because there are none due. 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. How does that sound? Consider using our virtual office and you won't need to worry about mail either.
We are a popular state for setting up holding companies and their subsidiaries. Holding companies are commonly used in real-estate and for e-commerce stores. They help minimize risk by separating assets from liabilities. This is a diagram detailing the traditional parent-children holding company set up.
The primary reason not to register the 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 $75 registered agent service.
This is a question of who manages the company day-to-day. Either the members (owners) or a manager(s) elected by the members. The key difference is in who makes daily decisions for the company, e.g. signing contracts and opening a bank account. Note, members may elect themselves as a manager if other partners want to remain silent.
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. Learn more about New Mexico LLC taxes 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.
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", "Limited Liability Company", "Limited Company", "Limited Liability Co.", "Limited Co.", "Ltd. Company", "L.L.C.", "L.C.", "LC.", "Ltd. Co.", "LC", etc. If you do not select one of these endings, then we will add LLC by default to make the name compliant.
You can set up your own LLC in New Mexico. The largest reason not to is because your name will be entered into a public database. You cannot both set up the limited liability company AND remain anonymous.
If privacy is not important to you, then you can apply online with the New Mexico Secretary and use our New Mexico registered agent service.
Every New Mexico company must have a registered agent in New Mexico. Every LLC we form includes the first year of registered agent service for free. In future years, our agent service includes free use of our addrerss and five pieces of free mail forwarding. For all this, we only charge $75 to be your agent.
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. Not ready to form a New Mexico LLC? Our goal is to empower our clients through providing informative articles and Do it Yourself Guides.
Have you ever wondered about the difference between forming a sole proprietorship, 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.