Best Overall Service

LegalZoom is the biggest name in the LLC formation service industry. They’ve been a prominent player in this market for years, and they advertise more than most of their competitors combined.

They also serve a very high volume of customers, so there’s no denying that LegalZoom is a popular service. In addition, LegalZoom has thousands of mostly positive customer reviews available online.

However, their pricing is acceptable but uninspiring. Their LLC formation packages are threadbare and lacking value compared to many of their competitors.

If you prioritize using the company with the largest volume of customers or the biggest brand power, LegalZoom is certainly worth a look.

Are you interested in receiving personalized customer support? If so, give Northwest Registered Agent a look. Northwest provides all of its clients with support from their Corporate Guides.

These highly trained representatives walk you through each step of the formation process, and you can contact your Guide at any time to ask questions or get advice.

Northwest’s pricing starts at $225, and that rate includes 12 months of their registered agent service.

While their competitors typically only scan the government documents they’re legally required to scan, Northwest scans all documents they receive on your behalf.

They provide solid overall value, and they also receive strong reviews from their customers, albeit in a smaller volume of feedback than ZenBusiness has to offer. If you’re looking for personalized service, Northwest is a good NM LLC service.

Who doesn’t like getting things for free? Along with ZenBusiness, IncFile is one of the only companies we’ve ever heard of that actually offers to form your New Mexico LLC at absolutely no charge, as long as you pay your own state fee.

This is a bargain, and it gets even better when you realize that IncFile is far from a barebones service. With IncFile, that free formation package we just discussed actually comes with a free year of registered agent service.

In addition, they have a positive reputation for customer feedback, as they have thousands upon thousands of reviews available online, and nearly all of them are perfect five-star scores.

The only real drawback of IncFile is that their customer support team can sometimes take a bit to get back to you. Still, it’s hard to complain about a company that offers to form your LLC for free, while still throwing in a full year of registered agent service.

What Is a New Mexico LLC?

LLCs are formal legal entities that are typically taxed similarly to sole proprietorships and general partnerships, in that the owners include any company profits or losses into their personal returns — the LLC itself does not owe income taxes.

An LLC may also elect to be taxed like a corporation, although this is not a very common option.

There are similarities to corporations too, especially when it comes to financial responsibilities. In an LLC, the owners or members are not usually personally accountable for the financial status of the business. This means that if someone sues your LLC, your personal assets are not at risk.

New Mexico does not require LLCs to create an operating agreement, although it is still strongly recommended. This document can help clear up any disagreements between your owners, and it’s also just generally convenient to have a roadmap of your LLC’s operational aspects.

The state of New Mexico has low fees for LLC formations, as you’ll pay just $50 for your online submission. You can pay with your bank account or credit/debit card. The state typically processes online LLC formations within 1-3 business days.

The ongoing LLC maintenance requirements in New Mexico are quite minimal. In fact, this is one of the few states that does not require LLCs to file an annual or biennial report.

Frequently Asked Questions

Where Can I Get More Information About Forming LLCs in New Mexico?

We invite you to take a look at our comprehensive guide to forming a limited liability company in New Mexico. This article walks you through the LLC formation process in this state step by step, ensuring that you don’t miss any crucial elements.

How Can I Search New Mexico’s Business Name Database?

One of the most important steps in forming a New Mexico LLC is choosing a business name. Once you come up with ideas for your name, you should search through the Secretary of State’s business search to make sure your desired name is available. For more information on conducting a business name search in New Mexico, check out our full article on the topic.

Where Can I Find the New Mexico Certificate of Organization?

You can fill out the New Mexico Certificate of Organization on the Secretary of State’s website.

What Are New Mexico’s Ongoing LLC Maintenance Requirements?

In New Mexico, there are fewer ongoing maintenance requirements than in most states. That’s because New Mexico does not require annual or biennial reports.

Where Can I Learn More About New Mexico’s Licensing and Permitting Requirements?

Chances are, you’ll require at least one license or permit to operate your LLC in compliance with New Mexico state law. For more information, we recommend the state’s Regulation and Licensing Department.

How Quickly Does New Mexico Process LLC Formations?

The Secretary of State should be able to process your LLC’s formation within 1-3 business days.

Which Company Provides the Best New Mexico Registered Agent Service?

If you want more details about what these companies can offer in this state, or you’d like to take a look at some other options, check out our complete guide to New Mexico registered agents.

How Can I Dissolve My New Mexico LLC?

Unfortunately, not all businesses last forever. If the time comes when you need to close your LLC’s doors, you’ll need to do so in a manner consistent with the state’s regulations. That’s why we wrote our guide to New Mexico LLC dissolutions, so you can complete the process in a compliant manner.

What if I Need to Expand a Business From Another State to New Mexico?

If your LLC already exists in another state, you don’t actually need to “form” it in New Mexico. Instead, you’ll need to foreign qualify the business in this state. This process is somewhat similar to LLC formation, but there are some crucial differences as well. Take a look at our guide to foreign qualifications in New Mexico for more information.

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