Filing a New Mexico LLC
Those looking to form their first business should consider filing a New Mexico LLC. The process of doing so is relatively straightforward. Furthermore, the LLC structure could benefit new business owners because it protects them from corporate liabilities.
Steps To Filing a New Mexico LLC
Choose A Name
The first thing that prospective business owners must do it choose a name for their New Mexico LLC. The state of New Mexico requires companies to indicator their LLC structure in the name. You’ll need to add something like “Limited Liability Company” or “L.L.C.” to your company name for it to be approved. Additionally, the state does not allow companies to share a name. You’ll want to ensure that the name you choose is available. You can do so by using our Name Availability Check Page.
Choose A Registered Agent
Once you’ve selected a name for your New Mexico LLC, you’ll then need to choose a registered agent. The registered agent will represent your company and accept legal correspondence on your behalf. Working with a quality registered agent could increase the likelihood of success. For this reason, you should consider hiring a company that offers professional registered agent services, such as DoMyLLC.
File Articles Of Organization & Pay Filing Fees
After securing a name and registered agent for the business, prospective New Mexico LLC owners can move to file the Articles of Organization with the Business Services Division. You must include a $50 filing fee when submitting this documentation. Other pertinent information that you must provide includes:
- The name of the company
- Period of duration
- Name and street address of the registered agent
- Street address of the principal place of business
- Mailing address of the company
- Whether the management structure of the company will be vested in managers or members
- Signatures and names of the company organizers
File Initial Report
Potential New Mexico LLC owners do not need to submit an Initial Report but should be aware of Annual Reporting deadlines.
Create An Operating Agreement And Hold Meetings
New Mexico LLC owners will also want to draft an operating agreement, which will clarify the company’s structure. Once in place, the company can begin holding meetings.
Obtain Employer Identification Number
The IRS issues Employer Identification Numbers To anyone conducting business in the United States. This number is not only necessary for businesses to file taxes, but it’s also likely needed to open a company bank account as well.
File State Required Biennial Reports
New Mexico LLCs are not required to submit Biennial Reports. Only For-Profit and Non-Profit Corporations are required to file such reports. If a company needs to make a change to the business, an amendment will need to be filed to update the state of the change. Learn more at the New Mexico Biennial Report page and corporate amendment page.
Ongoing Maintenance
New Mexico LLCs have requirements that they must meet annually. First and foremost, they must file taxes each year. Additionally, they must secure and renew any licenses or permits necessary to conduct operations.
How DoMyLLC Can Assist With Streamlining The Process
At DoMyLLC, we offer a host of services that can help new business owners run their company, including:
- Name availability check
- Articles of Organization preparation
- Filing of the Articles of Organization with the Secretary of State’s office
- Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
- Dedicated account manager
- Unlimited customer support
Allowing DoMyLLC to could afford business owners the opportunity to focus on building their brand and growing their company.