Your New Mexico LLC Formed By:
Why Hire IncFast?
New Mexico LLCs are a popular option for many reasons. When you form an LLC in New Mexico, one concern you may have is that filing the Articles of Organization for a New Mexico LLC will establish a permanent public record with your name on it. The Articles of Organization is a searchable public record forever linking you to your LLC. When we form your New Mexico LLC, we can reduce the threat of compromised security and minimize junk mail and solicitations. IncFast will not only file your paperwork faster than any other incorporation service, we’re the only incorporator that will make your personal privacy a priority. In addition to listing ourselves as the LLC organizer, we will omit your home or office address whenever possible. We will use our own registered agent service address to be keep your home and office address off the public record. If you ever decide to switch and use your own address, we’ll make the change for free. As a solution to keep your address private, we offer continued New Mexico registered agent service for $125 a year. Your New Mexico registered agent is a shield for your business, protecting your home or office address from every potential threat.
New Mexico LLC Advantages
- No Formalities
New Mexico LLCs are designed to be a simpler alternative to the corporation. Unlike corporations, New Mexico LLCs are not responsible for forming resolutions or holding meetings.
- New Mexico Income Tax
New Mexico pass through entities, including limited liability companies, must complete a New Mexico income tax return. If you are subject to New Mexico’s personal income tax, rates range from 1.7% to 4.9%. New Mexico corporations are subject to Corporate Income Tax and Franchise Tax. The corporate income tax rate ranges from 4.8% to 6.6%. The franchise tax is $50 per year.
- Asset Protection
Forming an LLC is a way to separate your personal assets from that of your business. A New Mexico limited liability company is a separate legal business entity that exists apart from its owners or members. New Mexico law provides for the protection of the LLC from a member’s personal debts. However, a member’s personal creditor can seek to gain an interest in an LLC through a charging order. This means that should a member of the LLC be sued by a creditor, the creditor can seek to be repaid through the LLC by a court order. The creditor does not become a member of the LLC, they are only entitled to the debtor/member’s distributions to repay the debt.
- Simple Maintenance
Another benefit of the New Mexico LLC is that they are easy to maintain. NM corporations must file biennial reports with the Secretary of State. New Mexico limited liability companies have no such requirement.
How to Form a New Mexico LLC
File the Articles of Organization with the New Mexico Secretary of State
In New Mexico, limited liability companies (LLCs) are formed by filing a document called the Articles of Organization with the NM Secretary of State.
Include the following information in the Articles of Organization
- New Mexico LLC name (must include “Limited Liability Company,” “Limited Company,” “LLC,” “L.L.C.,” “LC,” or “L.C.” Limited may be “Ltd” and Company may be “Co.”)
- New Mexico registered agent name and registered office address
- Principal and mailing addresses
- Whether management is vested in a manager or managers
- Whether the LLC is a single member LLC
- Effective date of filing
- Signature of organizer or person authorized to form the LLC
- Statement of acceptance of appointment by registered agent
- Registered agent signature
Submit the completed Articles of Organization to the Secretary of State
You can file the Articles of Organization online, in person, or by mail.
If you don’t want to form the LLC yourself, you can hire us to form a New Mexico LLC for $99 plus state fees.
Form Your New Mexico LLC Today
New Mexico LLC costs and fees
LLC formation costs:
- New Mexico LLCs have a $50 filing fee paid to the New Mexico Secretary of State. Online filings are processed within 3 business days.
- Paper filings may be expedited. Same/next day processing costs an additional $150. Two business day processing costs an additional $100.
LLC maintenance fees in New Mexico:
- New Mexico LLCs are not required to file annual/biennial reports.
Do New Mexico LLCs need an operating agreement?
New Mexico law does not require that LLC members enter an operating agreement. But this does not mean the operating agreement is unimportant. The operating agreement is a plan for how the LLC will operate and settle disputes. A clear, well written operating agreement will address membership, explain how profits and losses are distributed, and set rules about dissolution. IncFast includes an LLC operating agreement with each LLC business formation.
Let Incorporate Fast Form Your New Mexico LLC
Incorporate Fast is provides the best and fastest LLC filing service available. IncFast clients can expect the following with every new business formation:
Our goal at IncFast is to form your business entity faster than any other filing service out there. Forming your LLC in New Mexico as quickly as possible is our top priority.
IncFast is not just faster than the competition, we also beat them with our quality customer service. Having served over 27,000 clients, IncFast has built a strong reputation for quality as well as speed. You can count on our client support team to help your business get off the ground and help maintain it in the future.
- Online Accounts
We know that your online security is important to you. Every IncFast client account comes with instant access to our secure IncFast Online Portal. You can use the secure portal to track the status of your business any time. You may also access every state business form may ever need file and find expert advice on completing a variety of business maintenance tasks. We are always testing our systems and improving our security.
- Long-Term Support
When you use our IncFast registered agent service, we make sure you know your business status. We send annual reminders for upcoming filing dates and accept service of process and official documents on your business’s behalf. We pay attention to these important details so you can focus on running your business.