A nominee is an individual or organization whose name is used for filings that may become public. The name satisfies the requirement that someone be listed, without the beneficial owner's information needing to appear. A simple example would be our LLC formation service. There we list ourselves as the Organizer, rather than our client's name so that the LLC remainsanonymous.
The simplest way to think of a nominee is as a representative of the company. This representative is a placeholder and does not own or control the entity. They are simply used as a public face for the company's affairs.
Who Uses Nominees?
Nominees are surprisingly common and don't mean you are "up to no good". In fact, everyone who forms an LLC with us uses our nominee service since all companies are formed privately by default. Additional uses are for those in risky or looked down upon industries, e.g. adult entertainment or political blog writers. In each case, they are private citizens wanting to enjoy their lives free from public scrutiny. It is not our job to decide whether clients are living a "moral" life. Some people don't want family to know and some just want the freedom to express themselves without a stranger being able to google everything about them.
Example Uses
- Filing For a Trademark
- Registering a Website
- Signing a Lease or Contract
- Forming an LLC (including in other states)
Who Should You Hide From
The better question is what shouldn't you be hiding from? We don't say this to scare you, but to highlight the litigious nature of our society. Those seeking to sue or troll will often go after the low hanging fruit. By going just a little further and making your identity more discrete, you can make yourself less of a target. Like the old joke, you don't have to run faster than the bear... you just need to avoid being the slowest in your group.
What Can't We Sign?
We cannot sign financial forms. For example, one client was receiving a large transfer of funds from overseas and wanted to list us as the beneficial recipient of the funds and owner of the account. This is not something we are able to do. We can sign contracts, but we cannot be listed as the owner of bank accounts. This is to protect you and us.
Nominee Services
We are happy to offer nominee services to our clients. Our nominee services include document signing and using our name as a manager or officer when needed for public documents. For example, you may list our name for trademark applications and other documents that will or could be made public. We charge $150 for the first document and $50 for each additional one, or you may purchase 20 documents for $600. This service may be used in conjunction with anonymously forming an LLC to enhance your privacy further while doing business.
Prices
We form all LLCs anonymously by default, starting at $99 plus state fees. We also file additional documents with the Secretary for a $50 handling fee which includes using our name. For those needing additional services, our prices are as follows:
Single Documents: The first document is $150 and additional are $50 each.
Multiple Documents: 20 documents may be purchased in bulk for $600
Final Thoughts on New Mexico Nominee Services
Publicly displaying your information cannot help, it can only hurt. Even if you have done nothing wrong it will make you more of a target. If you want to know more please view our page on anonymous LLCs or contact us today.