No Annual Reports
It's That Easy
New Mexico LLCs are easy to form and maintain. After formation there are no annual filings or reports. This means no fees, fines or deadlines to keep up with. Our service is simple. We have an online order form and we file your documents the same day.
Our formation service includes free use of our address, free mail forwarding, important documents and more. New Mexico's Secretary of State only requires the name of the person organizing the LLC. This means our information goes online rather than yours. These reduced formalities make New Mexico LLCs ideal for privacy minded and cost conscious individuals.
The first year is $199 and only $49 in future years. You can't get cheaper.
Owners and managers are kept private. Your information remains anonymous.
Online ordering, no annual reports and low fees.
Protect your personal assets from business creditors and prevent treasure hunters from seeing what you own.
An LLC is a type of company. They are newer than corporations, but have become more popular. Limited liability companies constitute approximately 2/3 of new company formations. This is due to their simplicity and flexibility.
An LLC exists separately from its owners. This means owners are not personally liable for LLC debts. They also enjoy tax benefits sole-proprietorships do not. Shifting income through an LLC can significantly lower taxes. These benefits, combined with New Mexico's low cost and anonymity, make LLCs the most popular for small businesses.
Other states require owners and managers be listed publicly. Usually on the articles of organization and the Secretary's website. This is a privacy concern, but also a hassle. Whenever there are ownership, management, or location changes a form has to be filed, and usually a fee paid.
In New Mexico this isn't the case. Your information can stay private and any changes don't require notifying the State. In addition, there are no annual reports to file. While a nominee can complete the report in other States, this significantly increases cost. It also increases the number of times your identity can be exposed.
Anonymous companies can be used for maintaining private hobbies to protecting assets. The most common reason we hear is that people simply don't want to put their name, address, phone and email on the internet for everyone to see. Publishing your assets is not generally advisable.
Some practical examples include having a blog, but not wanting to disclose your identity to the world. Or perhaps you don't want your name on property records, e.g. when titling your home. You may also set up a "personal bank" which lends you money, but has no obvious trails back to you. These are just some reasons people form anonymous LLCs.
Nearly ever company needs one. Only if the LLC is solely used to title assets will it not. Otherwise, if you want to open a bank account, have employees or generate revenue, then you will need one.
You may either retain our services to obtain the EIN or follow the guide here. The process takes around twenty minutes.
We include an operating agreement with every limited liability company. The agreement will be pre-filled with your information and provided in word format. Operating agreements ratify ownership and banks frequently request them. Read more about operating agreements here.
Every client receives five pieces of free mail forwarding. This excludes registered agent and junk mail. Mail we receive is promptly scanned to your online portal. If you receive credit cards, checks, or anything large, then we will forward your items at cost. Learn more about New Mexico Mail Forwarding & Virtual Offices here.
New Mexico's LLC is cheap. Their initial filing fee is low, but what makes the difference are the lack of annual reports or additional fees. Over many years this can add up to hundreds or thousands of dollars in saved fees. These savings mean New Mexico LLCs are the least expensive to form and maintain.
New Mexico's Secretary of State charges the following fees:
Our services are made with you in mind. Let us handle the corporate formalities so you can run your company.